AMD 2000 Annual Report Download - page 395

CONSOLIDATED STATEMENTS OF OPERATIONS
Three Years Ended December 31, 2000
(Thousands except per share amounts) 2000 1999 1998
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Net sales $4,644,187 $2,857,604 $2,542,141
Expenses:
Cost of sales 2,514,637 1,964,434 1,718,703
Research and development 641,799 635,786 567,402
Marketing, general and administrative 599,015 540,070 419,678
Restructuring and other special charges - 38,230 -
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3,755,451 3,178,520 2,705,783
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Operating income (loss) 888,736 (320,916) (163,642)
Gain on sale of Vantis - 432,059 -
Gain on sale of Legerity 336,899 - -
Litigation settlement - - (11,500)
Interest income and other, net 86,301 31,735 34,207
Interest expense (60,037) (69,253) (66,494)
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Income (loss) before income taxes, equity in net income of
joint venture and extraordinary item 1,251,899 73,625 (207,429)
Provision (benefit) for income taxes 256,868 167,350 (91,878)
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Income (loss) before equity in net income of joint venture and
extraordinary item 995,031 (93,725) (115,551)
Equity in net income of joint venture 11,039 4,789 11,591
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Net income (loss) before extraordinary item 1,006,070 (88,936) (103,960)
Extraordinary item - debt retirement, net of $13,497 tax benefit (23,044) - -
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Net income (loss) $ 983,026 $ (88,936) $ (103,960)
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Net income (loss) per common share:
Basic - income (loss) before extraordinary item $ 3.25 $ (0.30) $ (0.36)
Diluted - income (loss) before extraordinary item $ 2.95 $ (0.30) $ (0.36)
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Basic - income (loss) after extraordinary item $ 3.18 $ (0.30) $ (0.36)
Diluted - income (loss) after extraordinary item $ 2.89 $ (0.30) $ (0.36)
Shares used in per share calculation:
Basic 309,331 294,577 287,796
Diluted 350,000 294,577 287,796
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See accompanying notes
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001