EXHIBIT 99.1
Advanced Micro Devices, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Thousands except per share amounts)
| Quarter Ended Dec. 25, 2005 (Unaudited) |
Year Ended Dec. 25, 2005 (Unaudited) |
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| Net sales |
$ | 1,838,276 | $ | 5,847,577 | ||||
| Cost of sales |
986,148 | 3,455,812 | ||||||
| Research and development |
329,301 | 1,144,025 | ||||||
| Marketing, general and administrative |
317,111 | 1,016,085 | ||||||
| Restructuring and other special charges, net |
— | — | ||||||
| 1,632,560 | 5,615,922 | |||||||
| Operating income |
205,716 | 231,655 | ||||||
| Interest and other income (expense), net |
445 | 13,571 | ||||||
| Interest expense |
(24,447 | ) | (104,960 | ) | ||||
| Income (loss) before minority interest, equity in income (loss) of unconsolidated investee and income taxes |
181,714 | 140,266 | ||||||
| Minority interest in loss of consolidated subsidiaries |
19,166 | 125,151 | ||||||
| Loss on disposition of equity interest in Spansion Inc. |
(109,681 | ) | (109,681 | ) | ||||
| Equity in income of unconsolidated investee |
3,105 | 3,105 | ||||||
| Provision (benefit) for income taxes |
(1,284 | ) | (6,642 | ) | ||||
| Net income (loss) |
$ | 95,588 | $ | 165,483 | ||||
| Net income (loss) per common share |
||||||||
| Basic |
$ | 0.23 | $ | 0.41 | ||||
| Diluted |
$ | 0.21 | $ | 0.40 | ||||
| Shares used in per share calculation |
||||||||
| - Basic |
412,498 | 400,004 | ||||||
| - Diluted |
452,323 | 440,776 | ||||||
Advanced Micro Devices, Inc.
CONSOLIDATED BALANCE SHEETS
(Thousands)
| Dec. 25, 2005 | |||
| (Unaudited) | |||
| Assets |
|||
| Current assets: |
|||
| Cash, cash equivalents and short-term investments |
$ | 1,794,765 | |
| Accounts receivable, net (1) |
805,531 | ||
| Inventories |
388,631 | ||
| Prepaid expenses and other current assets |
477,304 | ||
| Deferred income taxes |
92,606 | ||
| Total current assets |
3,558,837 | ||
| Property, plant and equipment, net |
2,700,999 | ||
| Net investment in Spansion Inc. |
721,342 | ||
| Other assets |
306,602 | ||
| Total Assets |
$ | 7,287,780 | |
| Liabilities and Stockholders’ Equity |
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| Current liabilities: |
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| Notes payable |
$ | — | |
| Accounts payable |
855,834 | ||
| Accrued compensation and benefits |
226,874 | ||
| Accrued liabilities |
388,999 | ||
| Restructuring accruals |
18,616 | ||
| Income taxes payable |
3,326 | ||
| Deferred income on shipments to distributors |
141,898 | ||
| Current portion of long-term debt and capital lease obligations |
43,225 | ||
| Other current liabilities |
143,191 | ||
| Total current liabilities |
1,821,963 | ||
| Deferred income taxes |
92,605 | ||
| Long-term debt and capital lease obligations |
1,327,064 | ||
| Other long-term liabilities |
459,323 | ||
| Minority interest in consolidated subsidiaries |
234,988 | ||
| Stockholders’ equity: |
|||
| Capital stock: |
|||
| Common stock, par value |
4,353 | ||
| Capital in excess of par value |
2,710,171 | ||
| Retained earnings |
473,676 | ||
| Accumulated other comprehensive income |
163,637 | ||
| Total stockholders’ equity |
3,351,837 | ||
| Total Liabilities and Stockholders’ Equity |
$ | 7,287,780 | |
| (1) | Includes accounts receivable from customers of Spansion Inc. |