AMD 2011 Annual Report Download - page 75
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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Advanced Micro Devices, Inc.
Consolidated Statements of Operations
Year Ended
December 31,
2011
December 25,
2010
December 26,
2009
(In millions, except per share amounts)
Net revenue ............................................... $6,568 $6,494 $ 5,403
Cost of sales .............................................. 3,628 3,533 3,131
Gross margin .............................................. 2,940 2,961 2,272
Research and development ................................... 1,453 1,405 1,721
Marketing, general and administrative .......................... 992 934 994
Legal settlement ........................................... — (283) (1,242)
Amortization of acquired intangible assets ....................... 29 61 70
Restructuring charges (reversals), net ........................... 98 (4) 65
Operating income .......................................... 368 848 664
Interest income ............................................ 10 11 16
Interest expense ............................................ (180) (199) (438)
Other income (expense), net .................................. (199) 311 166
Income (loss) before equity income (loss) and dilution gain in
investees and income taxes ................................. (1) 971 408
Provision (benefit) for income taxes ............................ (4) 38 112
Equity income (loss) and dilution gain in investee, net ............. 492 (462) —
Income from continuing operations ............................ 495 471 296
Loss from discontinued operations, net of tax .................... (4) — (3)
Net income ............................................... 491 471 293
Net income attributable to noncontrolling interest ................. — — 83
Class B preferred accretion ................................... — — (72)
Net income attributable to AMD common stockholders ............ $ 491 $ 471 $ 304
Net income (loss) attributable to AMD common stockholders per
common share
Basic
Continuing operations ....................................... $ 0.68 $ 0.66 $ 0.46
Discontinued operations ..................................... (0.01) — —
Basic net income (loss) attributable to AMD common stockholders per
common share ........................................... $ 0.68 $ 0.66 $ 0.46
Diluted
Continuing operations ....................................... $ 0.67 $ 0.64 $ 0.45
Discontinued operations ..................................... (0.01) — —
Diluted net income attributable to AMD common stockholders per
common share ........................................... $ 0.66 $ 0.64 $ 0.45
Shares used in per share calculation
Basic .................................................... 727 711 673
Diluted ................................................... 742 733 678
See accompanying notes to consolidated financial statements.
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