AMD 1998 Annual Report Download - page 255

FINANCIAL SUMMARY
Five Years Ended December 28, 1998
(Thousands except per share amounts) 1998 1997 1996 1995 1994
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NET SALES $2,542,141 $2,356,375 $1,953,019 $2,468,379 $2,155,453
Expenses:
Cost of sales 1,718,703 1,578,438 1,440,828 1,417,007 1,013,589
Research and development 567,402 467,877 400,703 416,521 295,326
Marketing, general and
administrative 419,678 400,713 364,798 412,651 377,503
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2,705,783 2,447,028 2,206,329 2,246,179 1,686,418
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Operating income (loss) (163,642) (90,653) (253,310) 222,200 469,035
Litigation settlement (11,500) - - - (58,000)
Interest income and other, net 34,207 35,097 59,391 32,465 17,134
Interest expense (66,494) (45,276) (14,837) (3,059) (4,410)
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Income (loss) before income taxes and
equity in joint venture (207,429) (100,832) (208,756) 251,606 423,759
Provision (benefit) for income taxes (91,878) (55,155) (85,008) 70,206 142,232
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Income (loss) before equity in joint
venture (115,551) (45,677) (123,748) 181,400 281,527
Equity in net income (loss) of joint
venture 11,591 24,587 54,798 34,926 (10,585)
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NET INCOME (LOSS) (103,960) (21,090) (68,950) 216,326 270,942
Preferred stock dividends - - - 10 10,350
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NET INCOME (LOSS)
APPLICABLE TO COMMON STOCKHOLDERS $ (103,960) $ (21,090) $ (68,950) $ 216,316 $ 260,592
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NET INCOME (LOSS)
PER COMMON SHARE
Basic $ (0.72) $ (0.15) $ (0.51) $ 1.69 $ 2.22
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Diluted $ (0.72) $ (0.15) $ (0.51) $ 1.57 $ 2.03
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Shares used in per share
calculation
Basic 143,668 140,453 135,126 127,680 117,597
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Diluted 143,668 140,453 135,126 137,698 133,674
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Long-term debt, capital
lease obligations and other,
less current portion $1,372,416 $ 662,689 $ 444,830 $ 214,965 $ 75,752
Total assets $4,252,968 $3,515,271 $3,145,283 $3,078,467 $2,525,721
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AMD's common stock (symbol AMD) is listed on the New York Stock Exchange. The
company has never paid cash dividends on common stock and is restricted from
doing so. Refer to the notes to consolidated financial statements. The number of
stockholders of record at January 29, 1999 was 9,734.
AMD, the AMD logo, and combinations thereof, Advanced Micro Devices, Vantis,
NexGen, K86, AMD-K6, AMD-K6-II, AMD-K6-3, AMD-K7, 3DNow!, PCnet, Nx586 and Nx686
are either trademarks or registered trademarks of Advanced Micro Devices, Inc.
Microsoft and Windows are either registered trademarks or trademarks of
Microsoft Corporation. Pentium is a registered trademark and Celeron is a
trademark of Intel Corporation. Other terms used to identify companies and
products may be trademarks of their respective owners.
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Source: ADVANCED MICRO DEVIC, 10-K, March 29, 1999