AMD 2004 Annual Report Download - page 23

Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
Five Years Ended December 26, 2004
(In thousands except per share amounts)
2004(1) 2003(1) 2002 2001 2000
Net Sales $ 5,001,435 $ 3,519,168 $ 2,697,029 $ 3,891,754 $ 4,644,187
Expenses:
Cost of sales 3,032,585 2,327,063 2,105,661 2,589,747 2,514,637
Research and development 934,574 852,075 816,114 650,930 641,799
Marketing, general and administrative 807,011 587,307 670,065 620,030 599,015
Restructuring and other special charges (recoveries), net 5,456 (13,893) 330,575 89,305 —
4,779,626 3,752,552 3,922,415 3,950,012 3,755,451
Operating income (loss) 221,809 (233,384) (1,225,386) (58,258) 888,736
Gain on sale of Legerity — — — — 336,899
Interest income and other, net (31,150)(2) 21,116 32,132 25,695 86,301
Interest expense (112,328) (109,960) (71,349) (61,360) (60,037)
Income (loss) before income taxes, minority interest, equity
in net income of joint venture and extraordinary item 78,331 (322,228) (1,264,603) (93,923) 1,251,899
Minority interest in loss of subsidiary 18,663(1) 44,761(1) — — —
Provision (benefit) for income taxes 5,838 2,936 44,586(4) (14,463) 256,868
Income (loss) before equity in net income of joint venture and
extraordinary item 91,156 (280,403) (1,309,189) (79,460) 995,031
Equity in net income of joint venture — 5,913 6,177 18,879 11,039
Income (loss) before extraordinary item 91,156 (274,490) (1,303,012) (60,581) 1,006,070
Extraordinary item—debt retirement, net of tax benefit — — — — (23,044)
Net income (loss) $ 91,156 $ (274,490) $ (1,303,012) $ (60,581) $ 983,026
Net income (loss) per share
Basic—income (loss) before extraordinary item $ 0.25 $ (0.79) $ (3.81) $ (0.18) $ 3.25
Diluted—income (loss) before extraordinary item $ 0.25 $ (0.79) $ (3.81) $ (0.18) $ 2.95
Basic—income (loss) after extraordinary item $ 0.25 $ (0.79) $ (3.81) $ (0.18) $ 3.18
Diluted—income (loss) after extraordinary item $ 0.25 $ (0.79) $ (3.81) $ (0.18) $ 2.89
Shares used in per share calculation
Basic 358,886 346,934 342,334 332,407 309,331
Diluted 371,066 346,934 342,334 332,407 350,000
Long-term debt, capital lease obligations and other, less
current portion $ 2,042,894 $ 2,328,435 $ 1,892,404 $ 672,945 $ 1,167,973
Total assets(3) $ 7,844,210 $ 7,049,772 $ 5,694,453 $ 5,636,445 $ 5,767,735
(1) 2004 and 2003 include consolidated Spansion results and are not comparable to prior years. Minority interest consists primarily of the elimination of
income or loss from Fujitsu, the holder of a minority ownership interest in Spansion.
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Source: ADVANCED MICRO DEVIC, 10-K, March 01, 2005