AMD 2001 Annual Report Download - page 265

FINANCIAL SUMMARY
Five Years Ended December 30, 2001
(Thousands except per share amounts) 2001 2000 1999 1998 1997
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Net sales $ 3,891,754 $4,644,187 $ 2,857,604 $2,542,141 $2,356,375
Expenses:
Cost of sales 2,589,747 2,514,637 1,964,434 1,718,703 1,578,438
Research and development 650,930 641,799 635,786 567,402 467,877
Marketing, general and administrative 620,030 599,015 540,070 419,678 400,713
Restructuring and other special charges 89,305 - 38,230 - -
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3,950,012 3,755,451 3,178,520 2,705,783 2,447,028
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Operating income (loss) (58,258) 888,736 (320,916) (163,642) (90,653)
Gain on sale of Vantis - - 432,059 - -
Gain on sale of Legerity - 336,899 - - -
Litigation settlement - - - (11,500) -
Interest and other income, net 25,695 86,301 31,735 34,207 35,097
Interest expense (61,360) (60,037) (69,253) (66,494) (45,276)
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Income (loss) before income taxes
and equity in net income of joint venture
and extraordinary item (93,923) 1,251,899 73,625 (207,429) (100,832)
Provision (benefit) for income taxes (14,463) 256,868 167,350 (91,878) (55,155)
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Income (loss) before equity in net income of
joint venture and extraordinary item (79,460) 995,031 (93,725) (115,551) (45,677)
Equity in net income of joint venture 18,879 11,039 4,789 11,591 24,587
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Income (loss) before extraordinary item (60,581) 1,006,070 (88,936) (103,960) (21,090)
Extraordinary item - debt retirement, net of
tax benefit - (23,044) - - -
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Net income (loss) $ (60,581) $ 983,026 $ (88,936) $ (103,960) $ (21,090)
Net income (loss) per share
Basic - income (loss) before extraordinary
item $ (0.18) $ 3.25 $ (0.30) $ (0.36) $ (0.07)
Diluted - income (loss) before extraordinary
item $ (0.18) $ 2.95 $ (0.30) $ (0.36) $ (0.07)
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Basic - income (loss) after extraordinary
item $ (0.18) $ 3.18 $ (0.30) $ (0.36) $ (0.07)
Diluted - income (loss) after extraordinary
item $ (0.18) $ 2.89 $ (0.30) $ (0.36) $ (0.07)
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Shares used in per share calculation:
Basic 332,407 309,331 294,577 287,796 281,319
Diluted 332,407 350,000 294,577 287,796 281,319
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Long-term debt, capital lease obligations
and other, less current portion $ 672,945 $1,167,973 $ 1,427,282 $1,372,416 $ 662,689
Total assets $5,647,242 $5,767,735 $ 4,377,698 $4,252,968 $3,515,271
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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 may be
restricted from doing so. Refer to the notes to consolidated financial
statements. The number of stockholders of record at February 25, 2002 was 7,815.
AMD, the AMD Arrow logo, and combinations thereof, Advanced Micro Devices,
AMD-K6, AMD Athlon, AMD Duron and MirrorBit are either trademarks or registered
trademarks of Advanced Micro Devices, Inc. Vantis is a trademark of Vantis
Corporation. Legerity is a trademark of Legerity, Inc. Microsoft and Windows are
either trademarks or registered trademarks of Microsoft Corporation. Other terms
used to identify companies and products may be trademarks of their respective
owners.
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 2002