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Table of Contents
Supplementary Financial Information
2005 and 2004 by Quarter
(Unaudited)
2005 2004
Dec. 25(3) Sep. 25(1) Jun. 26(1) Mar. 27 (1) Dec. 26(1) Sep. 26(1) Jun. 27(1) Mar. 28 (1)
Net sales $ 1,838,276 $ 1,522,755 $ 1,259,918 $ 1,226,628 $ 1,263,706 $ 1,239,459 $ 1,261,837 $ 1,236,433
Expenses:
Cost of sales 986,148 896,261 765,954 807,449 742,650 738,026 783,069 768,840
Research and development 329,301 289,018 272,584 253,122 252,767 230,896 224,821 226,090
Marketing, general and administrative 317,111 258,748 228,511 211,714 245,622 202,179 178,993 180,217
Restructuring and other special charges, net — — — — 2,942 — 2,514 —
1,632,560 1,444,027 1,267,049 1,272,285 1,243,981 1,171,101 1,189,397 1,175,147
Operating income (loss) 205,716 78,728 (7,131) (45,657) 19,725 68,358 72,440 61,286
Interest income and other income (expense), net 445 6,054 3,098 3,974 (42,430)(2) 2,502 (2,203) 10,981
Interest expense (24,447) (30,615) (25,653) (24,245) (29,070) (25,148) (27,956) (30,154)
Income (loss) before minority interest, loss on dilution of equity
interest in Spansion Inc., equity in net income of unconsolidated
investee and income taxes 181,714 54,167 (29,686) (65,928) (51,775) 45,712 42,281 42,113
Minority interest in net loss of consolidated subsidiaries 19,166 21,227 37,905 46,853 16,831 3,008 (6,527) 5,351
Loss on dilution of equity interest in Spansion Inc. (4) (109,681) — — — — — — —
Equity in net income of unconsolidated investee (3) 3,105 — — — — — — —
(Benefit) provision for income taxes (1,284) (606) (3,100) (1,652) (4,981) 4,872 3,574 2,373
Net income (loss) $ 95,588 $ 76,000 $ 11,319 $ (17,423) $ (29,963) $ 43,848 $ 32,180 $ 45,091
Net income (loss) per common share
Basic 0.23 0.19 0.03 (0.04) (0.08) 0.12 0.09 0.13
Diluted 0.21 0.18 0.03 (0.04) (0.08) 0.12 0.09 0.12
Shares used in per share calculation
Basic 412,498 399,025 395,414 393,077 375,308 355,254 353,655 351,328
Diluted 452,323 443,681 405,739 393,077 375,308 417,576 420,053 417,963
Common stock market price range
High $ 30.65 $ 24.03 $ 18.34 $ 22.37 $ 24.95 $ 16.00 $ 17.60 $ 17.50
Low $ 20.22 $ 16.63 $ 14.08 $ 14.63 $ 12.22 $ 10.76 $ 13.65 $ 13.60
(1) Includes consolidated Spansion 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 Fab 30 Term Loan.
(3) Consolidated statement of operations data for the fourth quarter of 2005 includes Memory Products results of operations through December 20, 2005.
From December 21, 2005, the date that Spansion Inc. closed its initial public offering, through December 25, 2005, we used the equity method of
accounting to reflect our share of Spansion’s net income (loss) and included this information as “Equity in income (loss) of unconsolidated investee.”
(4) Due to the dilution in our ownership interest in Spansion from 60 percent to 37.9 percent, we recorded a loss of $110 million which represents the
difference between Spansion’s book value per share before and after the IPO multiplied by the number of shares owned by us.
123
Source: ADVANCED MICRO DEVIC, 10-K, February 27, 2006