AMD 1995 Annual Report Download - page 230

CONSOLIDATED
statements of income
Three Years Ended December 31, 1995
(Thousands except per share amounts) 95 94 93
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Net sales $2,429,724 $2,134,659 $1,648,280
Expenses:
Cost of sales 1,298,876 982,306 789,564
Research and development 397,555 279,984 262,802
Marketing, general, and
administrative 385,016 359,230 290,861
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2,081,447 1,621,520 1,343,227
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Operating income 348,277 513,139 305,053
Litigation settlement -- (58,000) --
Interest income and other, net 30,763 16,259 16,490
Interest expense (707) (1,844) (2,910)
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Income before income taxes and equity
in joint venture 378,333 469,554 318,633
Provision for income taxes 112,738 153,703 89,218
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Income before equity in joint venture 265,595 315,851 229,415
Equity in net income (loss) of joint
venture 34,926 (10,585) (634)
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Net income 300,521 305,266 228,781
Preferred stock dividends 10 10,350 10,350
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Net income applicable to common
stockholders $ 300,511 $ 294,916 $ 218,431
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Net income per common share:
Primary $2.85 $3.02 $2.30
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Fully diluted $2.81 $2.92 $2.24
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Shares used in per share calculation:
Primary 105,575 97,510 95,108
Fully diluted 107,035 104,570 102,063
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See accompanying notes
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996