AMD 2002 Annual Report Download - page 49

Table of Contents
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Consolidated Statements of Operations
Three Years Ended December 29,
2002 2001 2000
(Thousands except per share amounts)
Net sales $ 2,697,029 $ 3,891,754 $ 4,644,187
Expenses:
Cost of sales 2,105,661 2,589,747 2,514,637
Research and development 816,114 650,930 641,799
Marketing, general and administrative 670,065 620,030 599,015
Restructuring and other special charges 330,575 89,305 —
3,922,415 3,950,012 3,755,451
Operating income (loss) (1,225,386) (58,258) 888,736
Gain on sale of Legerity — — 336,899
Interest and other income, net 32,132 25,695 86,301
Interest expense (71,349) (61,360) (60,037)
Income (loss) before income taxes, equity in net income of joint venture and extraordinary item (1,264,603) (93,923) 1,251,899
Provision (benefit) for income taxes 44,586 (14,463) 256,868
Income (loss) before equity in net income of joint venture and extraordinary item (1,309,189) (79,460) 995,031
Equity in net income of joint venture 6,177 18,879 11,039
Net income (loss) before extraordinary item (1,303,012) (60,581) 1,006,070
Extraordinary item—debt retirement, net of $13,497 tax benefit — — (23,044)
Net income (loss) $ (1,303,012) $ (60,581) $ 983,026
Net income (loss) per common share:
Basic—income (loss) before extraordinary item $ (3.81) $ (0.18) $ 3.25
Diluted—income (loss) before extraordinary item $ (3.81) $ (0.18) $ 2.95
Basic—income (loss) after extraordinary item $ (3.81) $ (0.18) $ 3.18
Diluted—income (loss) after extraordinary item $ (3.81) $ (0.18) $ 2.89
Shares used in per share calculations:
Basic 342,334 332,407 309,331
Diluted 342,334 332,407 350,000
See accompanying notes
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Source: ADVANCED MICRO DEVIC, 10-K, March 14, 2003