AMD 2004 Annual Report Download - page 74

Table of Contents
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Financial Statements
Consolidated Statements Of Operations
Three Years Ended December 26, 2004
2004 2003 2002
(In thousands except per share amounts)
Net sales $ 3,924,339 $ 3,070,228 $ 2,697,029
Net sales to related party (see Note 3) 1,077,096 448,940 —
Total net sales 5,001,435 3,519,168 2,697,029
Expenses:
Cost of sales 3,032,585 2,327,063 2,105,661
Research and development 934,574 852,075 816,114
Marketing, general and administrative 807,011 587,307 670,065
Restructuring and other special charges (recoveries), net 5,456 (13,893) 330,575
4,779,626 3,752,552 3,922,415
Operating income (loss) 221,809 (233,384) (1,225,386)
Interest income and other, net (31,150) 21,116 32,132
Interest expense (112,328) (109,960) (71,349)
Income (loss) before minority interest, income taxes, and equity in net income of Manufacturing Joint
Venture 78,331 (322,228) (1,264,603)
Minority interest in loss of subsidiary 18,663 44,761 —
Income (loss) before income taxes and equity in net income of Manufacturing Joint Venture 96,994 (277,467) (1,264,603)
Provision for income taxes 5,838 2,936 44,586
Income (loss) before equity in net income of Manufacturing Joint Venture 91,156 (280,403) (1,309,189)
Equity in net income of Manufacturing Joint Venture — 5,913 6,177
Net income (loss) $ 91,156 $ (274,490) $ (1,303,012)
Net income (loss) per common share:
Basic $ 0.25 $ (0.79) $ (3.81)
Diluted $ 0.25 $ (0.79) $ (3.81)
Shares used in per share calculation:
Basic 358,886 346,934 342,334
Diluted 371,066 346,934 342,334
See accompanying notes
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Source: ADVANCED MICRO DEVIC, 10-K, March 01, 2005