AMD 2008 Annual Report Download - page 102
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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Advanced Micro Devices, Inc. and Subsidiaries
Consolidated Statements of Operations
Three Years Ended December 27, 2008
2008 2007 2006
(In millions, except per share amounts)
Net revenue ..................................................... $5,808 $ 5,858 $5,627
Cost of sales .................................................... 3,488 3,669 2,833
Gross margin ................................................... 2,320 2,189 2,794
Research and development ......................................... 1,848 1,771 1,190
Marketing, general and administrative ................................ 1,304 1,360 1,138
In-process research and development ................................. — — 416
Amortization of acquired intangible assets and integration charges ......... 137 236 67
Impairment of goodwill and acquired intangible assets ................... 1,089 1,132 —
Restructuring charges ............................................. 90 — —
Gain on sale of 200 millimeter equipment ............................. (193) — —
Operating income (loss) ........................................... (1,955) (2,310) (17)
Interest income .................................................. 39 73 116
Interest expense ................................................. (366) (367) (126)
Other income (expense), net ........................................ 22 (7) (13)
Income (loss) before minority interest, equity in net loss of Spansion Inc. and
other and income taxes .......................................... (2,260) (2,611) (40)
Minority interest in consolidated subsidiaries .......................... (33) (35) (28)
Equity in net loss of Spansion Inc. and other ........................... (53) (155) (45)
Provision (benefit) for income taxes ................................. 68 27 23
Income (loss) from continuing operations ............................. $(2,414) $(2,828) $ (136)
Income (loss) from discontinued operations, net of tax ................... (684) (551) (30)
Net income (loss) ................................................ $(3,098) $(3,379) $ (166)
Per share data, basic and diluted:
Income (loss) from continuing operations ............................. $ (3.98) $ (5.07) $ (0.28)
Income (loss) from discontinued operations ........................... (1.12) (0.99) (0.06)
Net income (loss) per common share ................................. $ (5.10) $ (6.06) $ (0.34)
Shares used in per share calculation:
Basic and diluted ................................................ 607 558 492
See accompanying notes to consolidated financial statements.
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