AMD 2002 Annual Report Download - page 19

Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
Five Years Ended December 29, 2002
(Thousands except per share amounts)
2002 2001 2000 1999 1998
Net Sales $ 2,697,029 $ 3,891,754 $ 4,644,187 $ 2,857,604 $ 2,542,141
Expenses:
Cost of sales 2,105,661 2,589,747 2,514,637 1,964,434 1,718,703
Research and development 816,114 650,930 641,799 635,786 567,402
Marketing, general and administrative 670,065 620,030 599,015 540,070 419,678
Restructuring and other special charges 330,575 89,305 — 38,230 —
3,922,415 3,950,012 3,755,451 3,178,520 2,705,783
Operating income (loss) (1,225,386) (58,258) 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 and other income, net 32,132 25,695 86,301 31,735 34,207
Interest expense (71,349) (61,360) (60,037) (69,253) (66,494)
Income (loss) before income taxes, equity in net income of
joint venture and extraordinary item (1,264,603) (93,923) 1,251,899 73,625 (207,429)
Provision (benefit) for income taxes 44,586 (14,463) 256,868 167,350 (91,878)
Income (loss) before equity in net income of joint venture
and extraordinary item (1,309,189) (79,460) 995,031 (93,725) (115,551)
Equity in net income of joint venture 6,177 18,879 11,039 4,789 11,591
Income (loss) before extraordinary item (1,303,012) (60,581) 1,006,070 (88,936) (103,960)
Extraordinary item—debt retirement, net of tax benefit — — (23,044) — —
Net income (loss) $ (1,303,012) $ (60,581) $ 983,026 $ (88,936) $ (103,960)
Net income (loss) per share:
Basic—income (loss) before extraordinary item $ (3.81) $ (0.18) $ 3.25 $ (0.30) $ (0.36)
Diluted—income (loss) before extraordinary item $ (3.81) $ (0.18) $ 2.95 $ (0.30) $ (0.36)
Basic—income (loss) after extraordinary item $ (3.81) $ (0.18) $ 3.18 $ (0.30) $ (0.36)
Diluted—income (loss) after extraordinary item $ (3.81) $ (0.18) $ 2.89 $ (0.30) $ (0.36)
Shares used in per share calculation:
Basic 342,334 332,407 309,331 294,577 287,796
Diluted 342,334 332,407 350,000 294,577 287,796
Long-term debt, capital lease obligations and other, less
current portion $ 1,779,837 $ 672,945 $ 1,167,973 $ 1,427,282 $ 1,372,416
Total assets $ 5,619,181 $ 5,647,242 $ 5,767,735 $ 4,377,698 $ 4,252,968
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Source: ADVANCED MICRO DEVIC, 10-K, March 14, 2003