Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.1.900
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Dec. 28, 2013
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 0 233 0
Legal settlements, net 0 0 (48)
Operating income (loss) (481) (155) 103
Interest expense (160) (177) (177)
Other expense, net (5) (66) 0
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