AMD 2015 Annual Report Download - page 45

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ITEM 6. SELECTED FINANCIAL DATA
Five Years Ended December 26, 2015
(In millions except per share amounts)
2015(1) 2014(1) 2013(1) 2012(1) 2011(1)
Net revenue ....................................... $3,991 $5,506 $5,299 $ 5,422 $6,568
Income (loss) from continuing operations(2)(3)(4)(5)(6)(7) ...... (660) (403) (83) (1,183) 495
Loss from discontinued operations, net of tax(8) ........... — — — — (4)
Net income (loss) attributable to AMD common
stockholders .................................... $ (660) $ (403) $ (83) $(1,183) $ 491
Net income (loss) attributable to AMD common
stockholders per common share
Basic
Continuing operations ........................... $(0.84) $ (0.53) $ (0.11) $ (1.60) $ 0.68
Discontinued operations ......................... — — — — (0.01)
Basic net income (loss) attributable to AMD common
stockholders per common share ..................... $(0.84) $ (0.53) $ (0.11) $ (1.60) $ 0.68
Diluted
Continuing operations ........................... $(0.84) $ (0.53) $ (0.11) $ (1.60) $ 0.67
Discontinued operations ......................... — — — — (0.01)
Diluted net income (loss) attributable to AMD common
stockholders per common share ..................... $(0.84) $ (0.53) $ (0.11) $ (1.60) $ 0.66
Shares used in per share calculation
Basic ........................................ 783 768 754 741 727
Diluted ....................................... 783 768 754 741 742
Long-term debt and other long term liabilities(9) .......... $2,118 $2,140 $2,175 $ 2,065 $1,590
Total assets ....................................... $3,109 $3,767 $4,337 $ 4,000 $4,954
(1) 2015, 2014, 2013 and 2012 consisted of 52 weeks, whereas 2011 consisted of 53 weeks.
(2) 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 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.
(5) In 2015, 2014, 2012 and 2011, we implemented restructuring plans and incurred net charges of $53 million,
$58 million, $6 million, $100 million and $100 million in 2015, 2014, 2013, 2012 and 2011, respectively,
which primarily consisted of severance and related employee benefits.
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