AMD 2014 Annual Report Download - page 45

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ITEM 6. SELECTED FINANCIAL DATA
Five Years Ended December 27, 2014
(In millions except per share amounts)
2014(1) 2013(1) 2012(1) 2011(1) 2010(1)
Net revenue ........................................... $5,506 $5,299 $ 5,422 $6,568 $6,494
Income (loss) from continuing operations(2)(3)(4)(5)(6)(7) .......... (403) (83) (1,183) 495 471
Loss from discontinued operations, net of tax(8) ............... — — — (4) —
Net income (loss) attributable to AMD common stockholders . . . $ (403) $ (83) $(1,183) $ 491 $ 471
Net income (loss) attributable to AMD common stockholders per
common share
Basic
Continuing operations ............................... $(0.53) $ (0.11) $ (1.60) $ 0.68 $ 0.66
Discontinued operations ............................. — — — (0.01) —
Basic net income (loss) attributable to AMD common
stockholders per common share ......................... $(0.53) $ (0.11) $ (1.60) $ 0.68 $ 0.66
Diluted
Continuing operations ............................... $(0.53) $ (0.11) $ (1.60) $ 0.67 $ 0.64
Discontinued operations ............................. — — — (0.01) —
Diluted net income (loss) attributable to AMD common
stockholders per common share ......................... $(0.53) $ (0.11) $ (1.60) $ 0.66 $ 0.64
Shares used in per share calculation
Basic ............................................ 768 754 741 727 711
Diluted ........................................... 768 754 741 742 733
Long-term debt and other long term liabilities(9) .............. $2,140 $2,175 $ 2,065 $1,590 $2,270
Total assets ........................................... $3,767 $4,337 $ 4,000 $4,954 $4,964
(1) 2014, 2013, 2012 and 2010 consisted of 52 weeks, whereas 2011 consisted of 53 weeks.
(2) 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. In 2013, we entered into licenses and settlements regarding patent-related matters. Pursuant to these
licenses and settlements, we received in aggregate, $48 million, net, which we recorded within net legal
settlements in 2013.
(3) 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. In 2011, we recorded a non-cash impairment charge of approximately $209 million related to our
investment in GF.
(4) During the first quarter of 2012, we entered into a second amendment to the WSA with GF. The primary
effect of this amendment was 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. Pursuant to the third amendment, we modified our
wafer purchase commitments for the fourth quarter of 2012 made pursuant to the second amendment to the
WSA. In addition, we 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 from the fourth quarter of 2012 through
December 31, 2013. Pursuant to the third amendment, GF agreed to waive a portion of our production wafer
purchase commitments for the fourth quarter of 2012. In consideration for this waiver, we agreed to pay GF
a fee of $320 million, which resulted in a $273 million lower of cost or market charge recorded in the fourth
quarter of 2012.
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