AMD will hold a conference call for the financial community at 2:30 p.m. PT (5:30 p.m. ET) today to discuss its fourth quarter and annual financial results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its website at www.amd.com. The webcast will be available for 12 months after the conference call.
Reconciliation of GAAP to Non-GAAP Gross Margin
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(Millions except
percentages) Q4-14 Q3-14 Q4-13 2014 2013
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GAAP gross margin $ 360 $ 494 $ 553 $ 1,839 $ 1,978
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GAAP gross margin % 29% 35% 35% 33% 37%
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Lower of cost or market
inventory adjustment $ 58 - - $ 58 -
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Non-GAAP gross margin $ 418 $ 494 $ 553 $ 1,897 $ 1,978
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Non-GAAP gross margin % 34% 35% 35% 34% 37%
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Reconciliation of GAAP Operating Income (Loss) to Non-GAAP Operating Income
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(Millions) Q4-14 Q3-14 Q4-13 2014 2013
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GAAP operating income
(loss) $ (330) $ 63 $ 135 $ (155) $ 103
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Goodwill impairment 233 - - 233 -
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Restructuring and
other special
charges, net 71 - - 71 30
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Lower of cost or
market inventory
adjustment 58 - - 58 -
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Amortization of
acquired intangible
assets 4 3 4 14 18
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Workforce rebalancing
severance charges - - - 14 -
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Legal settlements,
net - - (48) - (48)
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Non-GAAP operating
income $ 36 $ 66 $ 91 $ 235 $ 103
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