AMD 2004 Annual Report Download - page 124

Table of Contents
Supplementary Financial Information
2004 and 2003 by Quarter
(Unaudited)
2004 2003
Dec. 26(1) Sep. 26(1) Jun. 27(1) Mar. 28 (1) Dec. 28(1) Sep. 28(1) Jun. 29 Mar. 30
Net sales $ 1,263,706 $ 1,239,459 $ 1,261,837 $ 1,236,433 $ 1,205,593 $ 953,759 $ 645,261 $ 714,555
Expenses:
Cost of sales 742,650 738,026 783,069 768,840 778,506 626,880 425,085 496,592
Research and development 252,767 230,896 224,821 226,090 226,503 213,997 208,513 203,062
Marketing, general and
administrative 245,622 202,179 178,993 180,217 162,807 151,111 135,161 138,228
Restructuring and other special
charges 2,942 — 2,514 — (8,039) (8,000) — 2,146
1,243,981 1,171,101 1,189,397 1,175,147 1,159,777 983,988 768,759 840,028
Operating income (loss) 19,725 68,358 72,440 61,286 45,816 (30,229) (123,498) (125,473)
Interest and other income (expense),
net (42,430) 2,502 (2,203) 10,981 8,912 493 4,971 6,740
Interest expense (29,070) (25,148) (27,956) (30,154) (30,943) (26,848) (26,364) (25,805)
Income (loss) before income taxes,
equity in net income of joint venture (51,775) 45,712 42,281 42,113 23,785 (56,584) (144,891) (144,538)
Minority interest in loss of subsidiary 16,831 3,008 (6,527) 5,351 19,408 25,353 — —
Provision (benefit) for income taxes (4,981) 4,872 3,574 2,373 — — — 2,936
Income (loss) before equity in net
income of joint venture (29,963) 43,848 32,180 45,091 43,193 (31,231) (144,891) (147,474)
Equity in net income (loss) of joint
venture — — — — — — 4,795 1,118
Net income (loss) $ (29,963) $ 43,848 $ 32,180 $ 45,091 $ 43,193 $ (31,231) $ (140,096) $ (146,356)
Net income (loss) per share
Basic (0.08) 0.12 0.09 0.13 0.12 (0.09) (0.40) (0.42)
Diluted (0.08) 0.12 0.09 0.12 0.12 (0.09) (0.40) (0.42)
Shares used in per share calculation
Basic 375,308 355,254 353,655 351,328 357,090 347,334 346,320 345,012
Diluted 375,308 417,576 420,053 417,963 416,190 347,334 346,320 345,012
Common stock market price range
High $ 24.95 $ 16.00 $ 17.60 $ 17.50 $ 18.50 $ 12.87 $ 8.59 $ 7.79
Low $ 12.22 $ 10.76 $ 13.65 $ 13.60 $ 10.52 $ 6.25 $ 5.80 $ 4.78
(1) Includes consolidated Spansion LLC results and is not comparable to periods prior to the quarter ended September 28, 2003.
(2) Includes a charge of approximately $32 million associated with the Company’s exchange of $201 million of its 4.50% Notes for common stock and a
charge of approximately $14 million in connection with the prepayment of the Dresden Term Loan.
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Source: ADVANCED MICRO DEVIC, 10-K, March 01, 2005