AMD 1994 Annual Report Download - page 401

CONSOLIDATED STATEMENTS OF INCOME
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Three years ended December 25, 1994
(Thousands except per share amounts) 1994 1993 1992
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NET SALES $ 2,134,659 $ 1,648,280 $ 1,514,489
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Expenses:
Cost of sales 982,306 789,564 746,486
Research and development 279,984 262,802 227,860
Marketing, general, and administrative 359,230 290,861 270,198
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1,621,520 1,343,227 1,244,544
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Operating income 513,139 305,053 269,945
Litigation settlement (58,000) - -
Interest income and other, net 16,259 16,490 18,913
Interest expense (1,844) (2,910) (17,227)
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Income before income taxes and equity in joint venture 469,554 318,633 271,631
Provision for income taxes 153,703 89,218 26,620
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Income before equity in joint venture 315,851 229,415 245,011
Equity in net income (loss) of joint venture (10,585) (634) -
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NET INCOME 305,266 228,781 245,011
Preferred stock dividends 10,350 10,350 10,350
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NET INCOME APPLICABLE TO COMMON STOCKHOLDERS $ 294,916 $ 218,431 $ 234,661
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NET INCOME PER COMMON SHARE:
Primary $ 3.02 $ 2.30 $ 2.57
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Fully diluted $ 2.92 $ 2.24 $ 2.49
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Shares used in per share calculation:
Primary 97,510 95,108 91,383
Fully diluted 104,570 102,063 98,475
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See accompanying notes
ADVANCED MICRO DEVICES, INC. 11
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995