AMD 2006 Annual Report Download - page 56

Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
Five Years Ended December 31, 2006
(In millions except per share amounts)
2006(1)(2) 2005(2) 2004(3) 2003(4) 2002
Net Revenue $ 5,649 $ 5,848 $ 5,001 $ 3,519 $ 2,697
Cost of sales 2,856 3,456 3,033 2,327 2,105
Gross margin 2,793 2,392 1,968 1,192 592
Research and development 1,205 1,144 934 852 816
Marketing, general and administrative 1,140 1,016 812 587 670
In-process research and development 416(5) — — — —
Amortization of acquired intangible assets and other integration charges 79(6) — — — —
Restructuring and other special charges (recoveries), net — — — (14) 331(7)
Operating income (loss) (47) 232 222 (233) (1,225)
Interest income 116 37 18 20 35
Interest expense (126) (105) (112) (110) (71)
Other income (expense), net (13) (24) (49)(8) 1 (3)
Income (loss) before minority interest, equity in net income (loss) of
Spansion Inc. and other and income taxes (70) 140 79 (322) (1,264)
Minority interest in consolidated subsidiaries(9) (28) 125 18 45 —
Equity in net income (loss) of Spansion Inc. and other (45) (107)(10) — 6 6
Income (loss) before income taxes (143) 158 97 (271) (1,258)
Provision (benefit) for income taxes 23(12) (7) 6 3 45(11)
Net income (loss) $ (166) $ 165 $ 91 $ (274) $ (1,303)
Net income (loss) per common share
Basic—income (loss) $ (0.34) $ 0.41 $ 0.25 $ (0.79) $ (3.81)
Diluted—income (loss) $ (0.34) $ 0.40 $ 0.25 $ (0.79) $ (3.81)
Shares used in per share calculation
Basic 492 400 359 347 342
Diluted 492 441 371 347 342
Long-term debt, capital lease obligations and other, less current portion(13) $ 4,189 $ 1,786 $ 2,043 $ 2,328 $ 1,892
Total assets $ 13,147 $ 7,288 $ 7,844 $ 7,050 $ 5,694
(1) 2006 includes the operations of ATI for the period from October 25, 2006 through December 31 2006. As a result 2006 is not fully comparable to prior
periods.
(2) Consolidated statement of operations data for 2005 includes the results of operations for our former Memory Products segment through December 20,
2005. From December 21, 2005, the date that Spansion closed its IPO, through December 25, 2005 and for all of 2006 we used the equity method of
accounting to reflect our share of Spansion’s net income (loss). We include this information under the caption, “Equity in net income (loss) of Spansion
Inc. and other,” on our consolidated statement of operations. Therefore, 2006 is not fully comparable to prior periods.
(3) Consolidated statement of operations data for 2004 includes the results of operations for our former Memory Products segment for the entire year.
Therefore, 2004 is not fully comparable to 2005 during which Spansion’s results of operations were not consolidated with our results of operations for the
last five days of the fiscal year.
(4) Consolidated statement of operations data for 2003 includes the results of operations of Spansion from June 30, 2003, the date of formation of Spansion
LLC (formerly known as FASL LLC). Spansion’s results
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Source: ADVANCED MICRO DEVIC, 10-K, March 01, 2007