Annual report pursuant to Section 13 and 15(d)

Supplementary Financial Information (Tables)

v3.3.1.900
Supplementary Financial Information (Tables)
 12 Months Ended
Dec. 26, 2015
Quarterly Financial Data [Abstract]  
Supplementary Financial Information
 
(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
—

 
—

 
—

 
3

 
4

 
3

 
4

 
3

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.