AMD 2006 Annual Report Download - page 95

Table of Contents
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Advanced Micro Devices, Inc. and Subsidiaries
Consolidated Statements of Operations
Three Years Ended December 31, 2006
2006 2005 2004
(In millions, except per share amounts)
Net revenue $ 5,649 $ 4,972 $ 3,924
Net revenue to related party (see Note 5) — 876 1,077
Total net revenue 5,649 5,848 5,001
Cost of sales 2,856 3,456 3,033
Gross margin 2,793 2,392 1,968
Research and development 1,205 1,144 934
Marketing, general and administrative 1,140 1,016 812
In-process research and development 416 — —
Amortization of acquired intangible assets and integration charges 79 — —
Operating income (loss) (47) 232 222
Interest income 116 37 18
Interest expense (126) (105) (112)
Other income (expense), net (13) (24) (49)
Income (loss) before minority interest, equity in net loss of Spansion Inc. and other and income
taxes (70) 140 79
Minority interest in consolidated subsidiaries (28) 125 18
Equity in net loss of Spansion Inc. and other (see Note 4) (45) (107) —
Income (loss) before income taxes (143) 158 97
Provision (benefit) for income taxes 23 (7) 6
Net income (loss) $ (166) $ 165 $ 91
Net income (loss) per common share:
Basic $ (0.34) $ 0.41 $ 0.25
Diluted $ (0.34) $ 0.40 $ 0.25
Shares used in per share calculation:
Basic 492 400 359
Diluted 492 441 371
See accompanying notes to consolidated financial statements.
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Source: ADVANCED MICRO DEVIC, 10-K, March 01, 2007