AMD 2012 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 29,
2012
December 31,
2011
December 25,
2010
(In millions, except per share amounts)
Net revenue ............................................... $5,422 $6,568 $6,494
Cost of sales .............................................. 4,187 3,628 3,533
Gross margin .............................................. 1,235 2,940 2,961
Research and development ................................... 1,354 1,453 1,405
Marketing, general and administrative .......................... 823 992 934
Legal settlement ........................................... — — (283)
Amortization of acquired intangible assets ....................... 14 29 61
Restructuring charges (reversals), net ........................... 100 98 (4)
Operating income (loss) ..................................... (1,056) 368 848
Interest income ............................................ 8 10 11
Interest expense ............................................ (175) (180) (199)
Other income (expense), net .................................. 6 (199) 311
Income (loss) before equity income (loss) and dilution gain in
investees and income taxes ................................. (1,217) (1) 971
Provision (benefit) for income taxes ............................ (34) (4) 38
Equity income (loss) and dilution gain in investee, net ............. — 492 (462)
Income (loss) from continuing operations ....................... (1,183) 495 471
Loss from discontinued operations, net of tax .................... — (4) —
Net income (loss) .......................................... $(1,183) $ 491 $ 471
Net income (loss) per common share
Basic
Continuing operations ....................................... $ (1.60) $ 0.68 $ 0.66
Discontinued operations ..................................... — (0.01) —
Basic net income (loss) per common share ....................... $ (1.60) $ 0.68 $ 0.66
Diluted
Continuing operations ....................................... $ (1.60) $ 0.67 $ 0.64
Discontinued operations ..................................... — (0.01) —
Diluted net income per common share .......................... $ (1.60) $ 0.66 $ 0.64
Shares used in per share calculation
Basic .................................................... 741 727 711
Diluted ................................................... 741 742 733
See accompanying notes to consolidated financial statements.
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