In the second quarter of 2008, AMD reported a net loss of $1.189 billion, or $1.96 per share. For continuing operations, the second quarter loss was $269 million, or $0.44 per share, and the operating loss was $143 million. The results for continuing operations include a net favorable impact of $97 million, or $0.16 per share as described in the table below. Loss from discontinued operations was $920 million, or $1.52 a share, including asset impairment charges of $876 million, or $1.44 a share.
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Reconciliation of GAAP to Non-GAAP Net Loss 2 |
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| (Millions except per share amounts) | Q2-08 | Q1-08 | Q2-07 | |||||||||||||||||||||
| GAAP net loss /EPS | $ | (1,189 | ) | $ | (1.96 | ) | $ | (358 | ) | $ | (0.59 | ) | $ | (600 | ) | $ | (1.09 | ) | ||||||
| Loss from discontinued operations | (920 | ) | (1.52 | ) | (50 | ) | (0.08 | ) | (69 | ) | (0.13 | ) | ||||||||||||
| Loss from continuing operations | (269 | ) | (0.44 | ) | (308 | ) | (0.51 | ) | (531 | ) | (0.96 | ) | ||||||||||||
| Gain on sale of 200mm equipment | 193 | 0.32 | ||||||||||||||||||||||
| Marketable securities impairment charges | (36 | ) | (0.06 | ) | ||||||||||||||||||||
| Amortization of acquired intangibles, integration and other charges | (30 | ) | (0.05 | ) | (29 | ) | (0.05 | ) | (57 | ) | (0.10 | ) | ||||||||||||
| Restructuring charges | (30 | ) | (0.05 | ) | ||||||||||||||||||||
| Debt issuance charges | (5 | ) | (0.01 | ) | ||||||||||||||||||||
| Non-GAAP net loss | $ | (366 | ) | $ | (279 | ) | $ | (469 | ) | |||||||||||||||
| Reconciliation of GAAP to Non-GAAP Operating Loss 2 | ||||||||||||
| (Millions) | Q2-08 | Q1-08 | Q2-07 | |||||||||
| GAAP operating loss | $ | (143 | ) | $ | (214 | ) | $ | (396 | ) | |||
| Gain on sale of 200mm equipment | 193 | |||||||||||
| Amortization of acquired intangibles, integration and other charges | (30 | ) | (29 | ) | (57 | ) | ||||||
| Restructuring charges | (30 | ) | ||||||||||
| Non-GAAP operating loss | $ | (276 | ) | $ | (185 | ) | $ | (339 | ) | |||
