AMD 1999 Annual Report Download - page 146
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CONSOLIDATED STATEMENTS OF OPERATIONS
Three Years Ended December 26, 1999
(Thousands except per share amounts) 1999 1998 1997
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Net sales $2,857,604 $2,542,141 $2,356,375
Expenses:
Cost of sales 1,964,434 1,718,703 1,578,438
Research and development 635,786 567,402 467,877
Marketing, general and administrative 540,070 419,678 400,713
Restructuring and other special charges 38,230 -- --
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3,178,520 2,705,783 2,447,028
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Operating loss (320,916) (163,642) (90,653)
Gain on sale of Vantis 432,059 -- --
Litigation settlement -- (11,500) --
Interest income and other, net 31,735 34,207 35,097
Interest expense (69,253) (66,494) (45,276)
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Income (loss) before income taxes and equity in joint venture 73,625 (207,429) (100,832)
Provision (benefit) for income taxes 167,350 (91,878) (55,155)
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Loss before equity in joint venture (93,725) (115,551) (45,677)
Equity in net income of joint venture 4,789 11,591 24,587
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Net loss $ (88,936) $ (103,960) $ (21,090)
-----------------------------------------------------------------------------------------------------
Net loss per common share:
Basic $ (0.60) $ (0.72) $ (0.15)
-----------------------------------------------------------------------------------------------------
Diluted $ (0.60) $ (0.72) $ (0.15)
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Shares used in per share calculation:
Basic 147,068 143,668 140,453
Diluted 147,068 143,668 140,453
=====================================================================================================
See accompanying notes
23
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 2000