AMD 2012 Annual Report Download - page 90

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The unaudited pro forma financial information in the table below summarizes the combined results of
operations of AMD and SeaMicro during 2012 and 2011 as though the acquisition had occurred as of the
beginning of the comparable prior annual reporting period. The pro forma financial information also includes
certain adjustments such as amortization expense from acquired intangible assets, inventory adjustment to fair
value, share-based compensation expense related to unvested stock options and restricted stock assumed,
acquisition-related costs and the income tax impact of the pro forma adjustments. The pro forma financial
information presented below does not include any anticipated synergies or other expected benefits of the
acquisition. It is presented for informational purposes only and not indicative of the results of operations that
would have been achieved if the acquisition had taken place at the beginning of the periods presented.
Year Ended
December 29,
2012
December 31,
2011
(In millions, except per share amounts)
Net revenue ................................... $5,424 $6,572
Net income (loss) ............................... $(1,232) $ 485
Diluted earnings (loss) per share ................... $ (1.66) $ 0.65
NOTE 5: Supplemental Balance Sheet Information
Accounts receivable
December 29,
2012
December 31,
2011
(In millions)
Accounts receivable .................................. $632 $921
Allowance for doubtful accounts ........................ (2) (2)
Total accounts receivable, net .......................... $630 $919
Inventories
December 29,
2012
December 31,
2011
(In millions)
Raw materials ....................................... $ 29 $ 25
Work in process ..................................... 357 295
Finished goods ...................................... 176 156
Total inventories, net ................................. $562 $476
Property, plant and equipment
December 29,
2012
December 31,
2011
(In millions)
Land and land improvements ........................... $ 31 $ 31
Buildings and leasehold improvements ................... 591 544
Equipment ......................................... 1,585 1,507
Construction in progress .............................. 11 114
2,218 2,196
Accumulated depreciation and amortization ............... (1,560) (1,470)
Total property, plant and equipment, net .................. $ 658 $ 726
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