AMD 2008 Annual Report Download - page 163

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Supplementary Financial Information
In 2008 and 2007, the Company used a 52-week fiscal year ending on the last Saturday in December. All of
the quarters in 2008 and 2007 consisted of 13 weeks.
2008 2007
Dec. 27 Sep. 27 Jun. 28 Mar. 29 Dec. 29 Sep. 29 Jun. 30 Mar. 31
(In millions, except per share amounts)
Net revenue .................... $1,162 $1,797 $ 1,362 $1,487 $ 1,737 $1,587 $1,335 $1,199
Cost of sales .................... 890 881 851 866 968 940 896 865
Gross margin ................... 272 916 511 621 769 647 439 334
Research and development ........ 465 438 467 478 455 448 456 412
Marketing, general and
administrative ................ 317 315 335 337 319 349 361 331
Amortization of intangible assets and
integration charges(1) ........... 30 30 37 40 50 58 61 67
Impairment of goodwill and acquired
intangible assets(2) ............. 684 2 403 — 1,132 — — —
Restructuring ................... 50 9 31 — ————
Gain on sale of 200 millimeter
equipment(3) .................. — — (193) — ————
Operating income (loss) ........... (1,274) 122 (569) (234) (1,187) (208) (439) (476)
Interest Income ................. 7 7 10 15 19 19 19 16
Interest expense ................. (89) (87) (95) (95) (95) (95) (99) (78)
Other income (expense), net ....... 37 (4) (10) (1) 1 (1) (9) 2
Income (loss) before minority
interest, equity in net loss of
Spansion Inc. and other and
income taxes ................. (1,319) 38 (664) (315) (1,262) (285) (528) (536)
Minority interest in consolidated
subsidiaries .................. (6) (7) (7) (13) (9) (9) (9) (8)
Equity in net loss of Spansion Inc.
and other(4) ................... (20) (9) (24) — (69) (57) (13) (16)
Provision (benefit) for income
taxes(5) ...................... 69 (1) — — (42) 23 28 18
Income (loss) from continuing
operations .................... $(1,414) $ 23 $ (695) $ (328) $(1,298) $ (374) $ (578) $ (578)
Income (loss) from discontinued
operations, net of tax(6) ......... (10) (150) (494) (30) (474) (22) (22) (33)
Net income (loss) ................ $(1,424) $ (127) $(1,189) $ (358) $(1,772) $ (396) $ (600) $ (611)
Per share data:
Continuing operations ........ $ (2.32) $ 0.04 $ (1.14) $ (0.54) $ (2.24) $ (0.67) $ (1.05) $ (1.05)
Discontinued operations ...... (0.02) (0.25) (0.80) (0.05) (0.82) (0.04) (0.04) (0.06)
Net income (loss) per common
share ........................ $ (2.34) $ (0.21) $ (1.94) $ (0.59) $ (3.06) $ (0.71) $ (1.09) $ (1.11)
Shares used in per share calculation
Basic and diluted ............ 609 608 607 606 579 554 552 549
Common stock market price range
High ...................... $ 6.00 $ 6.47 $ 7.98 $ 8.08 $ 14.73 $16.19 $15.95 $20.63
Low ...................... $ 1.62 $ 4.05 $ 5.61 $ 5.31 $ 7.30 $11.27 $12.60 $12.96
(1) Includes amortization of acquired intangible assets and other charges incurred to integrate the operations of
ATI.
(2) Represents impairments taken on ATI goodwill and acquired intangible assets.
153