| ADVANCED MICRO DEVICES, INC. | |||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||
| (Millions except per share amounts and percentages) | |||||||||
| Three Months Ended | |||||||||
| March 30,
2019 | December 29,
2018 | March 31,
2018 | |||||||
| Net revenue | $ | 1,272 | $ | 1,419 | $ | 1,647 | |||
| Cost of sales | 751 | 882 | 1,050 | ||||||
| Gross margin | 521 | 537 | 597 | ||||||
| Gross margin % | 41 | % | 38 | % | 36 | % | |||
| Research and development | 373 | 371 | 343 | ||||||
| Marketing, general and administrative | 170 | 138 | 134 | ||||||
| Licensing gain | (60 | ) | - | - | |||||
| Operating income | 38 | 28 | 120 | ||||||
| Interest expense | (27 | ) | (29 | ) | (31 | ) | |||
| Other income (expense), net | (7 | ) | 4 | 1 | |||||
| Income before income taxes and equity loss | 4 | 3 | 90 | ||||||
| Provision (benefit) for income taxes | (13 | ) | (35 | ) | 8 | ||||
| Equity loss in investee | (1 | ) | - | (1 | ) | ||||
| Net Income | $ | 16 | $ | 38 | $ | 81 | |||
| Earnings per share | |||||||||
| Basic | $ | 0.01 | $ | 0.04 | $ | 0.08 | |||
| Diluted | $ | 0.01 | $ | 0.04 | $ | 0.08 | |||
| Shares used in per share calculation | |||||||||
| Basic | 1,044 | 1,002 | 968 | ||||||
| Diluted | 1,094 | 1,079 | 1,039 | ||||||
