AMD 2001 Annual Report Download - page 252

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
For pro forma purposes, the estimated fair value of our stock-based awards to
employees is amortized over the vesting period (for options) and the three-month
purchase period (for stock purchases under the ESPP). Our pro forma information
follows:
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(Thousands except per share amounts) 2001 2000 1999
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Net income (loss) - as reported $ (60,581) $983,026 $ (88,936)
Net income (loss) - pro forma (178,918) 830,495 (122,497)
Basic net income (loss) per share - as reported (0.18) 3.18 (0.30)
Diluted net income (loss) per share - as reported (0.18) 2.89 (0.30)
Basic net income (loss) per share - pro forma (0.54) 2.68 (0.42)
Diluted net income (loss) per share - pro forma (0.54) 2.37 (0.42)
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The Company granted a total of 13,870,950 stock-based awards during 2001 with
exercise prices equal to the market price of the stock on the grant date. The
weighted-average exercise price and weighted-average fair value of these awards
were $16.93 and $9.27, respectively. The Company granted a total of 157,476
stock-based awards during 2001 with exercise prices greater than the market
price of the stock on the grant date. The weighted-average exercise price and
weighted-average fair value of these awards were $21.21 and $0.11, respectively.
The Company granted a total of 59,115 stock-based awards during 2001 with
exercise prices less than the market price of the stock on the grant date. The
weighted-average exercise price and weighted-average fair value of these awards
were $1.08 and $22.54, respectively. The Company granted a total of 20,702,856
stock-based awards during 2000 with exercise prices equal to the market price of
the stock on the grant date. The weighted-average exercise price and
weighted-average fair value of these awards were $35.12 and $21.00,
respectively. The Company granted a total of 25,800 stock-based awards during
2000 with exercise prices greater than the market price of the stock on the
grant date. The weighted-average exercise price and weighted-average fair value
of these awards were $26.92 and $0.02, respectively. The Company granted a total
of 315,510 stock-based awards during 2000 with exercise prices less than the
market price of the stock on the grant date. The weighted-average exercise price
and weighted-average fair value of these awards were $4.92 and $31.25,
respectively.
The weighted-average fair value of shares purchased under the Company's employee
stock purchase plan during 2001, 2000 and 1999 were $3.82, $5.54, and $2.39 per
share, respectively.
NOTE 11: OTHER EMPLOYEE BENEFIT PLANS
Profit Sharing Program. The Company has a profit sharing program to which the
Board of Directors authorizes quarterly contributions. Profit sharing
contributions were approximately $25 million in 2001 and $103 million in 2000.
There were no profit sharing contributions in 1999.
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 2002