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Table of Contents
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Advanced Micro Devices, Inc. and Subsidiaries
Consolidated Statements Of Operations
Three Years Ended December 25, 2005
2005 2004 2003
(In thousands, except per share amounts)
Net sales $ 4,972,408 $ 3,924,339 $ 3,070,228
Net sales to related party (see Note 4) 875,169 1,077,096 448,940
Total net sales 5,847,577 5,001,435 3,519,168
Expenses:
Cost of sales 3,455,812 3,032,585 2,327,063
Research and development 1,144,025 934,574 852,075
Marketing, general and administrative 1,016,085 807,011 587,307
Restructuring and other special charges (recoveries), net — 5,456 (13,893)
5,615,922 4,779,626 3,752,552
Operating income (loss) 231,655 221,809 (233,384)
Interest income and other income (expense), net 13,571 (31,150) 21,116
Interest expense (104,960) (112,328) (109,960)
Income (loss) before minority interest, loss on dilution of equity interest in Spansion Inc.,
equity in net income of unconsolidated investee and income taxes 140,266 78,331 (322,228)
Minority interest in net loss of consolidated subsidiaries 125,151 18,663 44,761
Loss on dilution of equity interest in Spansion Inc. (see Note 3) (109,681) — —
Equity in net income of unconsolidated investee (see Note 3) 3,105 — 5,913
(Benefit) provision for income taxes (6,642) 5,838 2,936
Net income (loss) $ 165,483 $ 91,156 $ (274,490)
Net income (loss) per common share:
Basic $ 0.41 $ 0.25 $ (0.79)
Diluted $ 0.40 $ 0.25 $ (0.79)
Shares used in per share calculation:
Basic 400,004 358,886 346,934
Diluted 440,776 371,066 346,934
See accompanying notes to consolidated financial statements.
74
Source: ADVANCED MICRO DEVIC, 10-K, February 27, 2006