AMD 2006 Annual Report Download - page 268

Exhibit 99
Spansion Inc.
Consolidated Statements of Operations
Year Ended
Dec. 31,
2006
Year Ended
Dec. 25,
2005
Year Ended
Dec. 26,
2004
(in thousands, except per share amounts)
Net sales $ 1,310,479 $ — $ —
Net sales to related parties/members 1,268,795 2,002,805 2,262,227
Total net sales 2,579,274 2,002,805 2,262,227
Expenses:
Cost of sales (including $202,122, $251,626 and $345,512 of expenses charged by related
parties/members) 2,066,642 1,809,929 1,840,862
Research and development (including $14,105, $31,994 and $54,304 of expenses charged by
related parties/members) 347,740 295,849 280,954
Marketing, general and administrative (including $24,296, $63,902 and $73,377 of expenses
charged by related parties/members) 255,648 181,910 137,159
Operating income (loss) (90,756) (284,883) 3,252
Other income (expense):
Gain on sale of marketable securities 6,884 — —
Loss on early extinguishment of debt (Note 9) (17,310) — —
Interest income and other, net 22,107 3,173 3,198
Interest expense (including $11,998, $25,975 and $24,134 of expenses to related
parties/members) (70,903) (45,032) (40,165)
Loss before income taxes (149,978) (326,742) (33,715)
Benefit for income taxes (2,215) (22,626) (14,013)
Net loss $ (147,763) $ (304,116) $ (19,702)
Net loss per common share:
Basic and diluted $ (1.15) $ (4.15) $ (0.27)
Shares used in per share calculation:
Basic and diluted 128,965 73,311 72,549
See accompanying notes
Net loss for the year ended December 31, 2006 included stock-based compensation expense of $17.4 million, which consisted of $17.3 million related to
the Company’s stock options and restricted stock units, and $0.1 million related to AMD stock options granted to the Company’s employees. Net loss for the
year ended December 25, 2005 included stock-based compensation expense of approximately $0.2 million. As a result of adopting FASB Statement No. 123(R)
on December 26, 2005, the Company’s losses before income taxes and net losses for the year ended December 31, 2006 was $3.4 million higher than if it had
continued to account for its stock options under APB Opinion No. 25. Basic and diluted loss per share for the year ended December 31, 2006 were $0.03 higher
than if the Company had continued to account for its stock options under Opinion 25. See Notes 3 and 4 to the consolidated financial statements for additional
information. The Company did not provide stock-based compensation to its employees or third parties and there was no stock-based compensation expense for
the year ended December 26, 2004.
Source: ADVANCED MICRO DEVIC, 10-K, March 01, 2007