AMD 1998 Annual Report Download - page 229
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CONSOLIDATED STATEMENTS OF OPERATIONS
Three Years Ended December 27, 1998
(Thousands except per share amounts) 1998 1997 1996
- --------------------------------------------------------------------------------------------------
Net sales $2,542,141 $ 2,356,375 $ 1,953,019
Expenses:
Cost of sales 1,718,703 1,578,438 1,440,828
Research and development 567,402 467,877 400,703
Marketing, general and administrative 419,678 400,713 364,798
2,705,783 2,447,028 2,206,329
Operating loss (163,642) (90,653) (253,310)
Litigation settlement (11,500) - -
Interest income and other,
net 34,207 35,097 59,391
Interest expense (66,494) (45,276) (14,837)
---------- ----------- -----------
Loss before income taxes and equity in joint venture (207,429) (100,832) (208,756)
Benefit for income taxes (91,878) (55,155) (85,008)
---------- ----------- -----------
Loss before equity in joint venture (115,551) (45,677) (123,748)
Equity in net income of joint venture 11,591 24,587 54,798
---------- ----------- -----------
Net loss $ (103,960) $ (21,090) $ (68,950)
========== =========== ===========
Net loss per common share:
Basic $(0.72) $(0.15) $(0.51)
========== =========== ===========
Diluted $(0.72) $(0.15) $(0.51)
========== =========== ===========
Shares used in per share
calculation:
Basic 143,668 140,453 135,126
Diluted 143,668 140,453 135,126
See accompanying notes
24
Source: ADVANCED MICRO DEVIC, 10-K, March 29, 1999