AMD 2012 Annual Report Download - page 47

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ITEM 6. SELECTED FINANCIAL DATA
Five Years Ended December 29, 2012
(In millions except per share amounts)
2012(1) 2011(1) 2010(1) 2009(1) 2008(1)
Net revenue .......................................... $5,422 $6,568 $6,494 $5,403 $ 5,808
Income (loss) from continuing operations(2)(3)(4)(5)(6) ........... (1,183) 495 471 296 (2,412)
Loss from discontinued operations, net of tax(7) .............. — (4) — (3) (684)
Net income (loss) attributable to AMD common stockholders . . . $(1,183) $ 491 $ 471 $ 304 $(3,129)
Net income (loss) attributable to AMD common stockholders per
common share
Basic
Continuing operations .............................. $ (1.60) $ 0.68 $ 0.66 $ 0.46 $ (4.03)
Discontinued operations ............................ — (0.01) — — (1.12)
Basic net income (loss) attributable to AMD common
stockholders per common share ........................ $ (1.60) $ 0.68 $ 0.66 $ 0.46 $ (5.15)
Diluted
Continuing operations .............................. $ (1.60) $ 0.67 $ 0.64 $ 0.45 $ (4.03)
Discontinued operations ............................ — (0.01) — — (1.12)
Diluted net income (loss) attributable to AMD common
stockholders per common share ........................ $ (1.60) $ 0.66 $ 0.64 $ 0.45 $ (5.15)
Shares used in per share calculation
Basic ........................................... 741 727 711 673 607
Diluted .......................................... 741 742 733 678 607
Long-term debt, capital lease obligations, less current portion,
and other long term liabilities(8) ......................... $2,065 $1,590 $2,270 $4,947 $ 5,059
Total assets(9) ......................................... $4,000 $4,954 $4,964 $9,078 $ 7,672
(1) 2012, 2010, 2009 and 2008 consisted of 52 weeks, whereas 2011 consisted of 53 weeks.
(2) In 2008, we recorded pre-tax goodwill impairment charges of $1,089 million.
(3) In 2009, we entered into a comprehensive settlement agreement with Intel. Pursuant to the settlement
agreement, Intel paid us $1,250 million and we recorded a $1,242 million gain, net of certain expenses in
2009. In 2010, we entered into a settlement agreement with Samsung. Pursuant to the settlement agreement,
Samsung agreed to pay us $283 million, net of withholding taxes. We recorded this amount as a gain in
2010.
(4) During 2010, we deconsolidated GF and began to account for our ownership interest in GF under the equity
method of accounting. We recorded a non-cash gain of $325 million on deconsolidation of GF and a loss of
$462 million for our share of GF’s operating results in 2010. During 2011, we changed the method of
accounting for our investment in GF from the equity method to the cost method of accounting. As a result of
the change, we recognized a non-cash gain of approximately $492 million, net of certain transaction related
charges. During the fourth quarter of 2011, we recorded a non-cash impairment charge of approximately
$209 million related to our investment in GF.
(5) During the first quarter of 2012, we entered into a second amendment to our WSA with GF to modify
certain pricing and other terms of the WSA applicable to wafers for our microprocessor and APU products
to be delivered by GF to us during 2012. As a result of the amendment, we recorded a $703 million charge
during the first quarter of 2012. During the fourth quarter of 2012, we entered into a third amendment to the
WSA to modify our wafer purchase commitments for the fourth quarter of 2012 under the second
amendment to the WSA and, in addition, agreed to certain pricing and other terms of the WSA applicable to
wafers for our microprocessor and APU products to be delivered by GF to us during the fourth quarter of
2012 and through December 31, 2013. In the third amendment, GF agreed to waive a portion of our
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