AMD 2000 Annual Report Download - page 428

FINANCIAL SUMMARY
Five Years Ended December 31, 2000
(Thousands except per share amounts) 2000 1999 1998 1997 1996
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Net sales $ 4,644,187 $ 2,857,604 $ 2,542,141 $ 2,356,375 $ 1,953,019
Expenses:
Cost of sales 2,514,637 1,964,434 1,718,703 1,578,438 1,440,828
Research and development 641,799 635,786 567,402 467,877 400,703
Marketing, general and administrative 599,015 540,070 419,678 400,713 364,798
Restructuring and other special charges - 38,230 - - -
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3,755,451 3,178,520 2,705,783 2,447,028 2,206,329
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Operating income (loss) 888,736 (320,916) (163,642) (90,653) (253,310)
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 35,097 59,391
Interest expense (60,037) (69,253) (66,494) (45,276) (14,837)
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Income (loss) before income taxes
and equity in net income of joint
venture and extraordinary item 1,251,899 73,625 (207,429) (100,832) (208,756)
Provision (benefit) for income taxes 256,868 167,350 (91,878) (55,155) (85,008)
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Income (loss) before equity in net
income of joint venture and 995,031 (93,725) (115,551) (45,677) (123,748)
extraordinary item
Equity in net income in joint venture 11,039 4,789 11,591 24,587 54,798
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Income (loss) before extraordinary item 1,006,070 (88,936) (103,960) (21,090) (68,950)
Extraordinary item - debt retirement,
net of tax benefit (23,044) - - - -
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Net income (loss) $ 983,026 $ (88,936) $ (103,960) $ (21,090) (68,950)
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Net income (loss) per share
Basic - before extraordinary item $ 3.25 $ (0.30) $ (0.36) $ (0.07) $ (0.25)
Diluted - before extraordinary item $ 2.95 $ (0.30) $ (0.36) $ (0.07) $ (0.25)
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Basic - after extraordinary item $ 3.18 $ (0.30) $ (0.36) $ (0.07) $ (0.25)
Diluted - after extraordinary item $ 2.89 $ (0.30) $ (0.36) $ (0.07) $ (0.25)
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Shares used in per share calculation:
Basic 309,331 294,577 287,796 281,319 280,995
Diluted 350,000 294,577 287,796 281,319 280,995
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Long-term debt, capital lease obligations
and other, less current portion $ 1,167,973 $ 1,427,282 $ 1,372,416 $ 662,689 $ 444,830
Total assets $ 5,767,735 $ 4,377,698 $ 4,252,968 $ 3,515,271 $ 3,145,283
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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, 2001 was 7,754.
AMD, the AMD logo, and combinations thereof, Advanced Micro Devices, AMD-K6, AMD
Athlon, AMD Duron, AMD-760 and 3DNow! are either trademarks or registered
trademarks of Advanced
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001