AMD 2010 Annual Report Download - page 81

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Advanced Micro Devices, Inc.
Consolidated Statements of Operations
Year Ended
December 25,
2010
December 26,
2009
December 27,
2008
(In millions, except per share amounts)
Net revenue ............................................... $6,494 $ 5,403 $ 5,808
Cost of sales .............................................. 3,533 3,131 3,488
Gross margin .......................................... 2,961 2,272 2,320
Research and development ................................... 1,405 1,721 1,848
Marketing, general and administrative .......................... 934 994 1,304
Legal settlement ........................................... (283) (1,242) —
Amortization of acquired intangible assets ....................... 61 70 137
Impairment of goodwill and acquired intangible assets ............. — — 1,089
Restructuring charges (reversals) .............................. (4) 65 90
Gain on sale of 200 millimeter equipment ....................... — — (193)
Operating income (loss) ................................. 848 664 (1,955)
Interest income ............................................ 11 16 39
Interest expense ............................................ (199) (438) (391)
Other income (expense), net .................................. 311 166 (37)
Income (loss) before equity in net loss of investees and income
taxes ............................................... 971 408 (2,344)
Provision for income taxes ................................... 38 112 68
Equity in net loss of investee .................................. (462) — —
Income (loss) from continuing operations ................... 471 296 (2,412)
Loss from discontinued operations, net of tax .................... — (3) (684)
Net income (loss) ...................................... 471 293 (3,096)
Net income (loss) attributable to noncontrolling interest ............ — 83 (33)
Class B preferred accretion ................................... — (72) —
Net income (loss) attributable to AMD common stockholders . . . $ 471 $ 304 $(3,129)
Net income (loss) attributable to AMD common stockholders per
common share
Basic ................................................
Continuing operations ............................... $ 0.66 $ 0.46 $ (4.03)
Discontinued operations ............................. — — (1.12)
Basic net income (loss) attributable to AMD common
stockholders per common share ......................... $ 0.66 $ 0.46 $ (5.15)
Diluted ...............................................
Continuing operations ............................... $ 0.64 $ 0.45 $ (4.03)
Discontinued operations ............................. — — (1.12)
Diluted net income (loss) attributable to AMD common
stockholders per common share ......................... $ 0.64 $ 0.45 $ (5.15)
Shares used in per share calculation
Basic ................................................ 711 673 607
Diluted ............................................... 733 678 607
See accompanying notes to consolidated financial statements.
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