AMD will hold a conference call for the financial community at 2:00 p.m. PT (5:00 p.m. ET) today to discuss its first quarter financial results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its Web site at www.amd.com. The webcast will be available for 10 days after the conference call.
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Reconciliation of GAAP Net Income (Loss) Attributable to AMD Common Stockholders to AMD Product Company Non-GAAP Net Income (Loss) 1,2,3,4 |
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| (Millions except per share amounts) | Q1-09 | Q4-08 | Q1-08 | |||||||||||||||||||||
| GAAP net income (loss) attributable to AMD common stockholders / EPS | $ | (416 | ) | $ | (0.66 | ) | $ | (1,443 | ) | $ | (2.37 | ) | $ | (364 | ) | $ | (0.60 | ) | ||||||
| Loss from discontinued operations | - | - | (10 | ) | (0.02 | ) | (30 | ) | (0.05 | ) | ||||||||||||||
| Income (loss) attributable to AMD stockholders from continuing operations | $ | (416 | ) | $ | (0.66 | ) | $ | (1,433 | ) | $ | (2.35 | ) | $ | (334 | ) | $ | (0.55 | ) | ||||||
| Gross margin benefit from sales of inventory written down in Q4-08 | 64 | 0.10 | - | - | - | - | ||||||||||||||||||
| Incremental write-down of inventory | - | - | (227 | ) | (0.37 | ) | - | - | ||||||||||||||||
| Amortization of acquired intangibles | (18 | ) | (0.03 | ) | (30 | ) | (0.05 | ) | (40 | ) | (0.07 | ) | ||||||||||||
| ATI impairment of goodwill and acquired intangible assets | - | - | (684 | ) | (1.12 | ) | - | - | ||||||||||||||||
| Restructuring charges | (60 | ) | (0.10 | ) | (50 | ) | (0.08 | ) | - | - | ||||||||||||||
| AMD Product Company formation costs associated with GLOBALFOUNDRIES | (21 | ) | (0.03 | ) | (23 | ) | (0.04 | ) | - | - | ||||||||||||||
| Investment net charges | (9 | ) | (0.01 | ) | (21 | ) | (0.03 | ) | - | - | ||||||||||||||
| Gain on debt buyback | 108 | 0.17 | 26 | 0.04 | - | - | ||||||||||||||||||
| Gain on sale of Handheld assets | 28 | 0.04 | - | - | - | - | ||||||||||||||||||
| Incremental tax provision related to the formation of GLOBALFOUNDRIES | (114 | ) | (0.18 | ) | - | - | - | - | ||||||||||||||||
| Net unfavorable impact subtotal | $ | (22 | ) | $ | (0.04 | ) | $ | (1,009 | ) | $ | (1.66 | ) | $ | (40 | ) | $ | (0.07 | ) | ||||||
| Non-GAAP net income (loss) attributable to AMD common stockholders | $ | (394 | ) | $ | (424 | ) | $ | (294 | ) | |||||||||||||||
| Net income (loss) from Foundry segment and intersegment eliminations | (317 | ) | (0.51 | ) | ||||||||||||||||||||
| Incremental tax provision related to the formation of GLOBALFOUNDRIES | 114 | 0.18 | ||||||||||||||||||||||
| Net (income) loss attributable to non-controlling interest | 6 | 0.01 | ||||||||||||||||||||||
| Class B preferred accretion | (8 | ) | (0.01 | ) | ||||||||||||||||||||
| AMD Product Company non-GAAP net income (loss) | $ | (189 | ) | |||||||||||||||||||||
