AMD 2015 Annual Report Download - page 116

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Supplementary Financial Information (unaudited)
The Company uses a 52 or 53 week fiscal year ending on the last Saturday in December. All quarters of
2015 and 2014 consisted of 13 weeks.
(In millions, except per share amounts)
2015 2014
Dec. 26 Sep. 26 Jun. 27 Mar. 28 Dec. 27 Sep. 27 Jun. 28 Mar. 29
Net revenue .......................... $ 958 $1,061 $ 942 $1,030 $1,239 $1,429 $1,441 $1,397
Cost of sales(1) ........................ 675 822 710 704 879 935 943 910
Gross margin ......................... 283 239 232 326 360 494 498 487
Research and development ............... 229 241 235 242 238 278 277 279
Marketing, general and administrative ...... 109 108 134 131 144 150 154 156
Amortization of acquired intangible assets . . — — — 34343
Restructuring and other special charges
(gains), net(2) ........................ (6) 48 — 87 71 — — —
Goodwill impairment charge(3) ............ — — — — 233 — — —
Operating income (loss) ................. (49) (158) (137) (137) (330) 63 63 49
Interest expense ....................... (41) (39) (40) (40) (41) (43) (46) (47)
Other income (expense), net ............. (2) — (3) — 4 (1) (49) (20)
Income (loss) before income taxes ......... (92) (197) (180) (177) (367) 19 (32) (18)
Provision (benefit) for income taxes ....... 10 — 1 3 (3) 2 4 2
Net income (loss) ...................... $(102) $ (197) $ (181) $ (180) $ (364) $ 17 $ (36) $ (20)
Net income (loss) per share ..............
Basic ................................ $(0.13) $ (0.25) $(0.23) $ (0.23) $ (0.47) $ 0.02 $ (0.05) $ (0.03)
Diluted .............................. $(0.13) $ (0.25) $(0.23) $ (0.23) $ (0.47) $ 0.02 $ (0.05) $ (0.03)
Shares used in per share calculation ........
Basic ............................ 791 785 778 777 776 770 764 761
Diluted .......................... 791 785 778 777 776 785 764 761
(1) During 2015, the Company recorded a technology node transition charge of $33 million in the second
quarter and an inventory write-down of $65 million in the third quarter. During the fourth quarter of 2014,
the Company recorded a lower of cost or market charge of $58 million related to our second-generation
APU products.
(2) Under the 2014 restructuring plan, the Company recorded restructuring and other special charges, net of $71
million, $12 million and $6 million in fourth quarter of 2014, first quarter of 2015, respectively, and third
quarter of 2015, and a restructuring charge reversal of $2 million in fourth quarter of 2015. During the first
quarter of 2015, the Company exited the dense server systems business and recorded restructuring and other
special charges, net of $75 million in first quarter of 2015 and $1 million in third quarter of 2015. Under the
2015 restructuring plan, the Company recorded restructuring and other special charges, net of $41 million in
third quarter of 2015 and a restructuring charge reversal of $4 million in fourth quarter of 2015.
(3) During the fourth quarter of 2014, the Company recorded a goodwill impairment charge of $233 million
relating to its Computing and Graphics segment.
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