Gary, Re: "for the life of me I can't find detailed financial tables relating to 4th Q 2001 results for AMD...I've looked everywhere, including AMD's website."
Try this one. I posted it earlier today.
biz.yahoo.com
Advanced Micro Devices, Inc.
---------------------------
PROFORMA NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
(Includes Pre-Tax FASL Investment Equity Income in Operating
Income and other proforma adjustments below)
(Thousands except per share amounts)
Quarter Ended Year Ended
(Unaudited) (Unaudited)
Dec. 30, Sept. 30, Dec. 31, Dec. 30, Dec. 31,
2001 2001 2000 2001 2000
---- ---- ---- ---- ----
Net sales $ 951,873 $ 765,870 $1,175,172 $3,891,754 $4,644,187
Cost of sales 644,662 587,155 657,303 2,582,846 2,514,637
(Income) loss
from equity
investment
in FASL 715 2,036 (12,985) (32,382) (18,938)
Research and
development 160,871 161,185 162,088 650,930 641,799
Marketing,
general and
administrative 163,684 150,918 160,753 620,030 599,015
------- ------- ------- --------- ---------
969,932 901,294 967,159 3,821,424 3,736,513
------- ------- ------- --------- ---------
Operating income
(loss) (18,059) (135,424) 208,013 70,330 907,674
Interest income
and other, net 5,784 10,749 25,449 47,664 86,301
Interest expense (9,570) (9,946) (19,933) (61,360) (60,037)
------- ------- ------- --------- ---------
Income (loss)
before income
taxes (21,845) (134,621) 213,529 56,634 933,938
Provision (benefit)
for income taxes (5,705) (36,348) 30,082 14,207 132,215
Provision (benefit)
for taxes on
equity income in
FASL (298) (849) 5,415 13,503 7,899
------- ------- ------- --------- ---------
Net income (loss) $(15,842) $(97,424) $ 178,032 $ 28,924 $ 793,824
------- ------- ------- --------- ---------
Net income (loss)
per common share
Basic $ (0.05) $ (0.28) $ 0.57 $ 0.09 $ 2.57
Diluted $ (0.05) $ (0.28) $ 0.53 $ 0.09 $ 2.35
------- ------- ------- --------- ---------
Shares used in per
share calculation
- Basic 340,119 345,044 313,501 332,407 309,331
- Diluted 340,119 345,044 349,782 339,815 350,000
------- ------- ------- --------- ---------
Advanced Micro Devices, Inc.
---------------------------
THE PROFORMA ADJUSTMENTS ARE AS FOLLOWS:
(Thousands)
Quarter Ended Year Ended
(Unaudited) (Unaudited)
Dec. 30, Sept. 30, Dec. 31, Dec. 30, Dec. 31,
2001 2001 2000 2001 2000
---- ---- ---- ---- ----
Additional inventory
provision $ -- $ 6,901 $ -- $ 6,901 $ --
Restructuring and
other special
charges -- 89,305 -- 89,305 --
Sale of Legerity -- -- -- -- 336,899
Impaired investments -- 21,969 -- 21,969 --
---- -------- ----- ------- --------
Total before income
taxes and
extraordinary item -- (118,175) -- (118,175) 336,899
Provision (benefit)
for income taxes -- (28,670) -- (28,670) 124,653
Extraordinary item -
debt retirement,
net of tax benefit -- -- (64) -- (23,044)
--- -------- ----- ------- --------
Total $ -- $(89,505) $ (64) $(89,505) $189,202
---- -------- ----- ------- --------
Advanced Micro Devices, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Thousands except per share amounts)
Quarter Ended Year Ended
(Unaudited) (Unaudited)
Dec. 30, Sept. 30, Dec. 31, Dec. 30, Dec. 31,
2001 2001 2000 2001 2000(a)
---- ---- ---- ---- ----
Net sales $951,873 $765,870 $1,175,172 $3,891,754 $4,644,187
Cost of sales 644,662 594,056 657,303 2,589,747 2,514,637
Research and
development 160,871 161,185 162,088 650,930 641,799
Marketing,
general and
administrative 163,684 150,918 160,753 620,030 599,015
Restructuring
and other
special charges -- 89,305 -- 89,305 --
-------- -------- ------- --------- ---------
969,217 995,464 980,144 3,950,012 3,755,451
-------- -------- ------- --------- ---------
Operating income
(loss) (17,344) (229,594) 195,028 (58,258) 888,736
Gain on sale of
Legerity -- -- -- -- 336,899
Interest and other
income (expense),
net 5,784 (11,220) 25,449 25,695 86,301
Interest expense (9,570) (9,946) (19,933) (61,360) (60,037)
-------- -------- ------- --------- ---------
Income (loss) before
income taxes,
equity in joint
venture and
extraordinary item (21,130) (250,760) 200,544 (93,923) 1,251,899
Provision (benefit)
for income taxes (5,705) (65,018) 30,082 (14,463) 256,868
-------- -------- ------- --------- ---------
Income (loss) before
equity in joint
venture and
extraordinary item (15,425) (185,742) 170,462 (79,460) 995,031
Equity in net income
(loss) in joint
venture (417) (1,187) 7,570 18,879 11,039
-------- -------- ------- --------- ---------
Income (loss) before
extraordinary item (15,842) (186,929) 178,032 (60,581) 1,006,070
Extraordinary item -
loss on debt
retirement, net of
tax benefit -- -- 64 -- 23,044
-------- -------- ------- --------- ---------
Net income (loss) $(15,842) $(186,929) $177,968 $ (60,581) $ 983,026
-------- -------- ------- --------- ---------
Net income (loss)
per common share
Basic:
Income (loss)
before
extraordinary
item $ (0.05) $ (0.54) $ 0.57 $ (0.18) $ 3.25
Net income (loss) $ (0.05) $ (0.54) $ 0.57 $ (0.18) $ 3.18
Diluted:
Income (loss)
before
extraordinary
item $ (0.05) $ (0.54) $ 0.53 $ (0.18) $ 2.95
Net income (loss) $ (0.05) $ (0.54) $ 0.53 $ (0.18) $ 2.89
-------- -------- ------- --------- ---------
Shares used in
per share
calculation
- Basic 340,119 345,044 313,501 332,407 309,331
- Diluted 340,119 345,044 349,782 332,407 350,000
Note (a): Derived from the December 31, 2000 audited financial
statements of Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc.
CONSOLIDATED BALANCE SHEETS
(Thousands)
Dec. 30, Sept. 30, Dec. 31,
2001 2001 2000(a)
---------- ----------- ----------
(unaudited) (unaudited)
Assets
Current assets:
Cash, cash equivalents
and short-term investments $ 869,997 $ 903,534 $ 1,293,165
Accounts receivable, net 659,783 588,563 547,200
Inventories 380,474 449,078 343,541
Deferred income taxes 155,898 168,846 218,527
Prepaid expenses and other
current assets 286,957 289,722 255,256
----------- ---------- ---------
Total current assets 2,353,109 2,399,743 2,657,689
Property, plant and equipment,
net 2,739,138 2,715,292 2,636,467
Investment in joint venture 363,611 396,351 261,728
Other assets 191,384 227,819 211,851
----------- ----------- ----------
$5,647,242 $ 5,739,205 $ 5,767,735
=========== =========== ===========
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 304,990 $ 369,064 $ 477,369
Accrued compensation and
benefits 129,042 143,987 172,815
Accrued liabilities 443,995 382,797 276,721
Income tax payable 56,234 49,591 74,806
Deferred income on shipments
to distributors 47,978 34,620 92,828
Current portion of long-term
debt, capital lease
obligations and other 331,698 192,487 129,570
----------- ---------- ----------
Total current liabilities 1,313,937 1,172,546 1,224,109
Deferred income taxes 105,305 139,850 203,986
Long-term debt, capital lease
obligations and other, less
current portion 672,945 796,021 1,167,973
Stockholders' equity:
Capital stock:
Common stock, par value 3,405 3,471 3,141
Capital in excess of par
value 1,889,217 1,959,483 1,406,290
Retained earnings 1,795,680 1,811,522 1,856,261
Accumulated other
comprehensive loss (133,247) (74,851) (94,025)
----------- ---------- ---------
Total stockholders'
equity 3,555,055 3,630,788 3,171,667
----------- ---------- ---------
$5,647,242 $5,739,205 $5,767,735
=========== ========== ==========
Note (a): Derived from the December 31, 2000 audited financial
statements of Advanced Micro Devices, Inc.
AMD
Selected Corporate Data
(Unaudited)
Segment Breakdown
-----------------
Q4 '01 Q3 '01 Q4 '00
% of Revenue % of Revenue % of Revenue
Sales Sales Sales
----- ------- ----- ------- ----- -------
Core Products segment:
PC Processor Products 74 $703M 61 $467M 48 $566M
Memory Products (Flash) 21 196M 28 210M 39 458M
Other IC Products 5 51M 8 64M 8 98M
Voice Communications
segment 0 0 0 0 0 0
Foundry Services segment 0 2M 3 25M 5 53M
2001 2000
% of Revenue % of Revenue
Sales Sales
----- ------- ----- -------
Core Products segment:
PC Processor Products 62 $2,419M 50 $2,337M
Memory Products (Flash) 29 1,133M 34 1,567M
Other IC Products 6 242M 10 457M
Voice Communications
segment 0 0 3 140M
Foundry Services segment 3 98M 3 143M
----------------------------------------------------------------------
Other Data Q4 '01 Q3 '01 Q4 '00 2001 2000
---------- ------ ------ ------ ------- -------
Depreciation
and Amortization $150M $160M $150M $623M $579M
Capital Additions $161M $164M $266M $703M $805M
Headcount 14,757 15,152 14,435 14,757 14,435
----------------------------------------------------------------------
International Sales 73% 68% 62% 66% 60%
Research and
Development $161M $161M $162M $651M $642M
EBITDA $133M $(70)M $345M $564M $1,468M
EBITDA (Proforma) $132M $25M $358M $693M $1,481M
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