AMD 2007 Annual Report Download - page 93

Table of Contents
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Advanced Micro Devices, Inc. and Subsidiaries
Consolidated Statements of Operations
Three Years Ended December 29, 2007
2007 2006 2005
(In millions, except per share amounts)
Net revenue $ 6,013 $ 5,649 $ 4,972
Net revenue from related party (see Note 5) — — 876
Total net revenue 6,013 5,649 5,848
Cost of sales 3,751 2,856 3,456
Gross margin 2,262 2,793 2,392
Research and development 1,847 1,205 1,144
Marketing, general and administrative 1,373 1,140 1,016
In-process research and development — 416 —
Amortization of acquired intangible assets and integration charges 299 79 —
Impairment of goodwill and acquired intangible assets 1,608 — —
Operating income (loss) (2,865) (47) 232
Interest income 73 116 37
Interest expense (367) (126) (105)
Other income (expense), net (7) (13) (24)
Income (loss) before minority interest, equity in net loss of Spansion Inc. and other and income taxes (3,166) (70) 140
Minority interest in consolidated subsidiaries (35) (28) 125
Equity in net loss of Spansion Inc. and other (see Note 4) (155) (45) (107)
Provision (benefit) for income taxes 23 23 (7)
Net income (loss) $ (3,379) $ (166) $ 165
Net income (loss) per common share:
Basic $ (6.06) $ (0.34) $ 0.41
Diluted $ (6.06) $ (0.34) $ 0.40
Shares used in per share calculation:
Basic 558 492 400
Diluted 558 492 441
See accompanying notes to consolidated financial statements.
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Source: ADVANCED MICRO DEVIC, 10-K, February 26, 2008