AMD 1999 Annual Report Download - page 176

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Financial summary
Five Years Ended December 26, 1999
(Thousands except per share amounts) 1999 1998 1997 1996 1995
---------------------------------------------------------------------------------------------------------------------
Net sales $2,857,604 $2,542,141 $2,356,375 $1,953,019 $2,468,379
Expenses:
Cost of sales 1,964,434 1,718,703 1,578,438 1,440,828 1,417,007
Research and development 635,786 567,402 467,877 400,703 416,521
Marketing, general and administrative 540,070 419,678 400,713 364,798 412,651
Restructuring and other special charges 38,230 -- -- -- --
---------------------------------------------------------------------------------------------------------------------
3,178,520 2,705,783 2,447,028 2,206,329 2,246,179
---------------------------------------------------------------------------------------------------------------------
Operating income (loss) (320,916) (163,642) (90,653) (253,310) 222,200
Gain on sale of Vantis 432,059 -- -- -- --
Litigation settlement -- (11,500) -- -- --
Interest income and other, net 31,735 34,207 35,097 59,391 32,465
Interest expense (69,253) (66,494) (45,276) (14,837) (3,059)
---------------------------------------------------------------------------------------------------------------------
Income (loss) before income taxes
and equity in joint venture 73,625 (207,429) (100,832) (208,756) 251,606
Provision (benefit) for income taxes 167,350 (91,878) (55,155) (85,008) 70,206
---------------------------------------------------------------------------------------------------------------------
Income (loss) before equity in joint venture (93,725) (115,551) (45,677) (123,748) 181,400
Equity in net income of joint venture 4,789 11,591 24,587 54,798 34,926
---------------------------------------------------------------------------------------------------------------------
Net income (loss) (88,936) (103,960) (21,090) (68,950) 216,326
Preferred stock dividends -- -- -- -- 10
Net income (loss) applicable to common stockholders $ (88,936) $ (103,960) $ (21,090) $ (68,950) $ 216,316
=====================================================================================================================
Net income (loss) per common share:
Basic $ (0.60) $ (0.72) $ (0.15) $ (0.51) $ 1.69
=====================================================================================================================
Diluted $ (0.60) $ (0.72) $ (0.15) $ (0.51) $ 1.57
=====================================================================================================================
Shares used in per share calculation:
Basic 147,068 143,668 140,453 135,126 127,680
=====================================================================================================================
Diluted 147,068 143,668 140,453 135,126 137,698
=====================================================================================================================
Long-term debt, capital lease obligations
and other, less current portion $1,427,282 $1,372,416 $ 662,689 $ 444,830 $ 214,965
Total assets $4,377,698 $4,252,968 $3,515,271 $3,145,283 $3,078,467
=====================================================================================================================
The Company'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 31, 2000 was 8,739.
AMD, the AMD logo, and combinations thereof, Advanced Micro Devices, K86, AMD-
K6, AMD Athlon and 3DNow! are either trademarks or registered trademarks of
Advanced Micro Devices, Inc. Vantis is a trademark of Vantis Corporation.
Microsoft and Windows are registered 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.
46
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 2000