AMD 2009 Annual Report Download - page 85

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Advanced Micro Devices, Inc.
Consolidated Statements of Operations
Three Years Ended December 26, 2009
2009 2008* 2007*
(In millions, except per share amounts)
Net revenue ........................................................... $5,403 $ 5,808 $ 5,858
Cost of sales .......................................................... 3,131 3,488 3,669
Gross margin .......................................................... 2,272 2,320 2,189
Research and development ............................................... 1,721 1,848 1,771
Marketing, general and administrative ...................................... 994 1,304 1,360
Legal settlement ....................................................... (1,242) — —
Amortization of acquired intangible assets and integration charges ............... 70 137 236
Impairment of goodwill and acquired intangible assets ......................... — 1,089 1,132
Restructuring charges ................................................... 65 90 —
Gain on sale of 200 millimeter equipment ................................... — (193) —
Operating income (loss) ................................................. 664 (1,955) (2,310)
Interest income ........................................................ 16 39 73
Interest expense ....................................................... (438) (391) (382)
Other income (expense), net .............................................. 166 (37) (118)
Income (loss) before equity in net loss of investees and income taxes ............. 408 (2,344) (2,737)
Equity in net loss of investees ............................................ — — (44)
Provision (benefit) for income taxes ........................................ 112 68 27
Income (loss) from continuing operations ................................... 296 (2,412) (2,808)
Income (loss) from discontinued operations, net of tax ......................... (3) (684) (551)
Net income (loss) ...................................................... 293 (3,096) (3,359)
Net (income) loss attributable to noncontrolling interest ........................ 83 (33) (35)
Class B preferred accretion ............................................... (72) — —
Net income (loss) attributable to AMD common stockholders ................... $ 304 $(3,129) $(3,394)
Net income (loss) attributable to AMD common stockholders per common share
Basic
Continuing operations ................................................... $ 0.46 $ (4.03) $ (5.09)
Discontinued operations ................................................. — (1.12) (0.99)
Basic net income (loss) attributable to AMD common stockholders per common
share .............................................................. $ 0.46 $ (5.15) $ (6.08)
Diluted
Continuing operations ................................................... $ 0.45 $ (4.03) $ (5.09)
Discontinued operations ................................................. — (1.12) (0.99)
Diluted net income (loss) attributable to AMD common stockholders per common
share .............................................................. $ 0.45 $ (5.15) $ (6.08)
Shares used in per share calculation
Basic ................................................................ 673 607 558
Diluted .............................................................. 678 607 558
* Includes the effects of the retrospective adoption in 2009 of new accounting guidance for convertible debt that
may be settled in cash upon conversion, as well as the new presentation guidance for noncontrolling interest.
See Note 11.
See accompanying notes to consolidated financial statements.
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