AMD 2015 Annual Report Download - page 72

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Advanced Micro Devices, Inc.
Consolidated Statements of Operations
Year Ended
December 26,
2015
December 27,
2014
December 28,
2013
(In millions, except per share amounts)
Net revenue ............................................... $3,991 $5,506 $5,299
Cost of sales .............................................. 2,911 3,667 3,321
Gross margin .............................................. 1,080 1,839 1,978
Research and development ................................... 947 1,072 1,201
Marketing, general and administrative .......................... 482 604 674
Amortization of acquired intangible assets ....................... 3 14 18
Restructuring and other special charges, net ...................... 129 71 30
Goodwill impairment charge .................................. — 233 —
Legal settlements, net ....................................... — — (48)
Operating income (loss) ..................................... (481) (155) 103
Interest expense ............................................ (160) (177) (177)
Other expense, net .......................................... (5) (66) —
Loss before income taxes .................................... (646) (398) (74)
Provision for income taxes ................................... 14 5 9
Net loss .................................................. $ (660) $ (403) $ (83)
Net loss per share
Basic .................................................... $(0.84) $ (0.53) $ (0.11)
Diluted ................................................... $(0.84) $ (0.53) $ (0.11)
Shares used in per share calculation
Basic .................................................... 783 768 754
Diluted ................................................... 783 768 754
See accompanying notes to consolidated financial statements.
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