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| ADVANCED MICRO DEVICES, INC. | ||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||
| (Millions except per share amounts and percentages) | ||||||||||||||||
| Three Months Ended | Year Ended | |||||||||||||||
| December 29,
2018 | September 29,
2018 | December 30,
2017 | December 29,
2018 | December 30,
2017 | ||||||||||||
| Net revenue | $ | 1,419 | $ | 1,653 | $ | 1,340 | $ | 6,475 | $ | 5,253 | ||||||
| Cost of sales | 882 | 992 | 888 | 4,028 | 3,466 | |||||||||||
| Gross margin | 537 | 661 | 452 | 2,447 | 1,787 | |||||||||||
| Gross margin % | 38 | % | 40 | % | 34 | % | 38 | % | 34 | % | ||||||
| Research and development | 371 | 363 | 320 | 1,434 | 1,196 | |||||||||||
| Marketing, general and administrative | 138 | 148 | 134 | 562 | 516 | |||||||||||
| Licensing gain | - | - | - | - | (52 | ) | ||||||||||
| Operating income (loss) | 28 | 150 | (2 | ) | 451 | 127 | ||||||||||
| Interest expense | (29 | ) | (30 | ) | (31 | ) | (121 | ) | (126 | ) | ||||||
| Other income (expense), net | 4 | (6 | ) | 2 | - | (9 | ) | |||||||||
| Income (loss) before equity loss and income taxes | 3 | 114 | (31 | ) | 330 | (8 | ) | |||||||||
| Provision (benefit) for income taxes | (35 | ) | 12 | (12 | ) | (9 | ) | 18 | ||||||||
| Equity loss in investee | - | - | - | (2 | ) | (7 | ) | |||||||||
| Net Income (loss) | $ | 38 | $ | 102 | $ | (19 | ) | $ | 337 | $ | (33 | ) | ||||
| Earnings (loss) per share | ||||||||||||||||
| Basic | $ | 0.04 | $ | 0.10 | $ | (0.02 | ) | $ | 0.34 | $ | (0.03 | ) | ||||
| Diluted | $ | 0.04 | $ | 0.09 | $ | (0.02 | ) | $ | 0.32 | $ | (0.03 | ) | ||||
| Shares used in per share calculation | ||||||||||||||||
| Basic | 1,002 | 987 | 965 | 982 | 952 | |||||||||||
| Diluted | 1,079 | 1,076 | 965 | 1,064 | 952 | |||||||||||
