AMD 2014 Annual Report Download - page 71

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Advanced Micro Devices, Inc.
Consolidated Statements of Operations
Year Ended
December 27,
2014
December 28,
2013
December 29,
2012
(In millions, except per share amounts)
Net revenue ............................................... $5,506 $5,299 $ 5,422
Cost of sales .............................................. 3,667 3,321 4,187
Gross margin .............................................. 1,839 1,978 1,235
Research and development ................................... 1,072 1,201 1,354
Marketing, general and administrative .......................... 604 674 823
Amortization of acquired intangible assets ....................... 14 18 14
Restructuring and other special charges, net ...................... 71 30 100
Goodwill impairment charge .................................. 233 — —
Legal settlements, net ....................................... — (48) —
Operating income (loss) ..................................... (155) 103 (1,056)
Interest income ............................................ 3 5 8
Interest expense ............................................ (177) (177) (175)
Other income (expense), net .................................. (69) (5) 6
Loss before income taxes .................................... (398) (74) (1,217)
Provision (benefit) for income taxes ............................ 5 9 (34)
Net loss .................................................. $ (403) $ (83) $(1,183)
Net loss per share
Basic .................................................... $(0.53) $ (0.11) $ (1.60)
Diluted ................................................... $(0.53) $ (0.11) $ (1.60)
Shares used in per share calculation
Basic .................................................... 768 754 741
Diluted ................................................... 768 754 741
See accompanying notes to consolidated financial statements.
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