AMD Reports 2013 Second Quarter Results

About AMD

AMD (NYSE: AMD) is a semiconductor design innovator leading the next era of vivid digital experiences with its groundbreaking AMD Accelerated Processing Units (APUs) that power a wide range of computing devices. AMD's server computing products are focused on driving industry-leading cloud computing and virtualization environments. AMD's superior graphics technologies are found in a variety of solutions ranging from game consoles, PCs to supercomputers. For more information, visit www.amd.com.

Cautionary Statement

This document contains forward-looking statements concerning AMD, its third quarter of 2013 revenue, AMD's ability to expand into new markets and reach new customers; AMD's ability to achieve revenue growth in the third quarter of 2013 compared to the second quarter of 2013 and that such growth will be significant; and AMD's ability to achieve profitability in the third quarter of 2013, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as "believes, "expects," "may," "will," "should," "seeks," "intends," "pro forma," "estimates," "anticipates," "plans," "projects," and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this release are based on current beliefs, assumptions and expectations, speak only as of the date of this release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Risks include the possibility that Intel Corp.'s pricing, marketing and rebating programs, product bundling, standard setting, new product introductions or other activities may negatively impact the company's plans; the company may be unable to develop, launch and ramp new products and technologies in the volumes that are required by the market at mature yields on a timely basis; that the company's third party foundry suppliers will be unable to transition its products to advanced manufacturing process technologies in a timely and effective way or to manufacture the company's products on a timely basis in sufficient quantities and using competitive technologies; the company will be unable to obtain sufficient manufacturing capacity or components to meet demand for its products; the company's requirements for wafers are less than the fixed number of wafers that it agreed to purchase from GLOBALFOUNDRIES (GF) or GF encounters problems that significantly reduce the number of functional die the company receives from each wafer; that the company is unable to successfully implement its long-term business strategy; that customers stop buying the company's products or materially reduce their operations or demand for the company's products; that the company may be unable to maintain the level of investment in research and development that is required to remain competitive; that there may be unexpected variations in the market growth and demand for its products and technologies in light of the product mix that the company may have available at any particular time or a decline in demand; that the company will require additional funding and may be unable to raise sufficient capital on favorable terms, or at all; that global business and economic conditions will not improve or will worsen; that demand for computers will be lower than currently expected; and the effect of political or economic instability, domestically or internationally, on the company's sales or supply chain. Investors are urged to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings, including but not limited to the Quarterly Report on Form 10-Q for the quarter ended March 30, 2013.

AMD, the AMD Arrow logo, AMD Opteron, AMD Radeon and combinations thereof, are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and used to identify companies and products and may be trademarks of their respective owner.

                                                                            
(1)   In this press release, in addition to GAAP financial results, the     
      Company has provided non-GAAP financial measures including non-GAAP   
      gross margin, non-GAAP operating income (loss), non-GAAP net income   
      (loss) and non-GAAP earnings (loss) per share. These non-GAAP         
      financial measures reflect certain adjustments as presented in the    
      tables in this press release. The Company also provided Adjusted      
      EBITDA and non-GAAP free cash flow as supplemental measures of its    
      performance. These items are defined in the footnotes to the selected 
      corporate data tables provided at the end of this press release. The  
      Company is providing these financial measures because it believes this
      non-GAAP presentation makes it easier for investors to compare its    
      operating results for current and historical periods and also because 
      the Company believes it assists investors in comparing the Company's  
      performance across reporting periods on a consistent basis by         
      excluding items that it does not believe are indicative of its core   
      operating performance and for the other reasons described in the      
      footnotes to the selected data tables. Refer to corresponding tables  
      at the end of this press release for additional AMD data.             
(2)   AMD GX-415GA scored 209, AMD G-T56N scored 98, and Intel Atom D525    
      scored 93, based on an average of Sandra Engineering 2011 Dhyrstone,  
      Sandra Engineering 2011 Whetstone and EEMBC CoreMark Multi-thread     
      benchmark results. AMD G-T56N system configuration used iBase MI958   
      motherboard with 4BG DDR3 and integrated graphics. AMD GX-415GA system
      configuration used AMD "Larne" Reference Design Board with 4GB [1]    
      Based on AMD's small core Opteron™ processor Model X1150 vs. Intel®   
      Atom™ Model S1260, Intel's highest performance small core processor.  
      Highest density based on cores/rack. Since Opteron X-Series has double
      the number of cores of Intel Atom S1200 series, it has the double the 
      density among small core x86 processors. Most power efficient small   
      core x86 processor as measured by SPECint®_rate_base2006 estimates    
      divided by TDP.                                                       
                                                                            
                                                                            
                                                                                                                                                 
ADVANCED  MICRO  DEVICES,  INC.                                                                                                
CONDENSED  CONSOLIDATED  STATEMENTS  OF  OPERATIONS                                                          
(Millions  except  per  share  amounts  and  percentages)                                                  
                                                                                                                                                        
                                                                        Quarter  Ended                  Six  Months  Ended    
                                                        ----------------------------  ------------------  
                                                        Jun.  29,    Mar.  30,    Jun.  30,  Jun.  29,    Jun.  30,  
                                                            2013            2013            2012          2013            2012      
                                                        --------    --------    --------  --------    --------  
                                                                                                                                                        
Net  revenue                                  $    1,161    $    1,088    $    1,413  $    2,249    $    2,998  
                                                                                                                                                        
Cost  of  sales                                        702              643              775        1,345          2,333  
                                                          -------    --------    --------  --------    --------  
                                                                                                                                                        
                                                                                                                                                        
Gross  margin                                          459              445              638            904              665  
                                                                                                                                                        
Gross  margin  %                                        40%              41%              45%            40%              22%
                                                                                                                                                        
Research  and  development                  308              312              345            620              713  
                                                                                                                                                        
Marketing,  general  and                                                                                                            
  administrative                                    171              179              212            350              442  
                                                                                                                                                        
Amortization  of  acquired                                                                                                        
  intangible  assets                                  4                  5                  4                9                  5  
                                                                                                                                                        
Restructuring  and  other                                                                                                          
  special  charges,  net                            5                47                  -              52                  8  
                                                        --------    --------    --------    -------    --------  
                                                                                                                                                        
                                                                                                                                                        
Operating  income  (loss)                    (29)            (98)              77          (127)          (503)
                                                                                                                                                        
Interest  income                                        2                  1                  2                3                  4  
Interest  expense                                  (42)            (44)            (43)          (86)            (86)
Other  income  (expense),  net              (2)              (3)              (5)            (5)              (6)
                                                        --------    --------    --------  --------    --------  
                                                                                                                                                        
                                                                                                                                                        
Income  (loss)  before  income                                                                                                  
  taxes                                                      (71)          (144)              31          (215)          (591)
                                                                                                                                                        
Provision  (benefit)  for                                                                                                          
  income  taxes                                            3                  2                (6)              5              (38)
                                                        --------    --------    --------  --------    --------  
                                                                                                                                                        
                                                                                                                                                        
Net  income  (loss)                      $        (74)  $      (146)  $          37  $      (220)  $      (553)
                                                                                                                                                        
                                                                                                                                                        
Net  income  (loss)  per  share                                                                                                  
                                                                                                                                                        
    Basic                                          $    (0.10)  $    (0.19)  $      0.05  $    (0.29)  $    (0.75)
                                                                                                                                                        
    Diluted                                      $    (0.10)  $    (0.19)  $      0.05  $    (0.29)  $    (0.75)
                                                        --------    --------    --------  --------    --------  
                                                                                                                                                        
                                                                                                                                                        
Shares  used  in  per  share                                                                                                        
  calculation                                                                                                                                
                                                                                                                                                        
    Basic                                                    752              749              739            751              737  
                                                                                                                                                        
    Diluted                                                752              749              755            751              737  
                                                        --------    --------    --------  --------    --------  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
ADVANCED  MICRO  DEVICES,  INC.                                                                                                
CONDENSED  CONSOLIDATED  STATEMENTS  OF  COMPREHENSIVE  INCOME  (LOSS)                        
(Millions)                                                                                                                                    
                                                                                                                                                        
                                                                        Quarter  Ended                  Six  Months  Ended    
                                                        ----------------------------  ------------------  
                                                        Jun.  29,    Mar.  30,    Jun.  30,  Jun.  29,    Jun.  30,  
                                                            2013            2013            2012          2013            2012      
                                                        --------    --------    --------  --------    --------  
                                                                                                                                                        
Total  comprehensive  income                                                                                                    
  (loss)                                          $        (76)  $      (147)  $          36  $      (223)  $      (552)
                                                        --------    --------    --------  --------    --------  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
ADVANCED  MICRO  DEVICES,  INC.                                                                                                
CONDENSED  CONSOLIDATED  BALANCE  SHEETS                                                                              
(Millions)                                                                                                                                    
                                                                                                                                                        
                                                                            -----------    -----------    -----------  
                                                                                Jun.  29,          Mar.  30,          Dec.  29,    
                                                                                    2013                  2013                  2012        
                                                                            -----------    -----------    -----------  
                                                                                                                                                        
Assets                                                                                                                                            
                                                                                                                                                        
Current  assets:                                                                                                                          
    Cash,  cash  equivalents  and                                                                                                
      marketable  securities                            $              968    $          1,003    $          1,002  
    Accounts  receivable,  net                                        670                    645                    630  
    Inventories,  net                                                        711                    613                    562  
    Prepaid  expenses  and  other  current                                                                                
      assets                                                                          109                      77                      71  
                                                                            -----------    -----------    -----------  
                                                                                                                                                        
                                                                                                                                                        
            Total  current  assets                                    2,458                2,338                2,265  
                                                                                                                                                        
Long-term  marketable  securities                              149                    180                    181  
Property,  plant  and  equipment,  net                        402                    411                    658  
Acquisition  related  intangible                                                                                            
  assets,  net                                                                      87                      92                      96  
Goodwill                                                                            553                    553                    553  
Other  assets                                                                    248                    223                    247  
                                                                            -----------    -----------    -----------  
                                                                                                                                                        
Total  Assets                                                    $          3,897    $          3,797    $          4,000  
                                                                            ===========    ===========    ===========  
                                                                                                                                                        
Liabilities  and  Stockholders'  Equity                                                                                
                                                                                                                                                        
Current  liabilities:                                                                                                                
    Accounts  payable                                        $              402    $              301    $              278  
    Payable  to  GLOBALFOUNDRIES                                    414                    379                    454  
    Accrued  liabilities                                                  475                    461                    489  
    Deferred  income  on  shipments  to                                                                                      
      distributors                                                              129                    132                    108  
    Current  portion  of  long-term  debt                                                                                  
      and  capital  lease  obligations                                5                        5                        5  
    Other  current  liabilities                                        26                      43                      63  
                                                                            -----------    -----------    -----------  
                                                                                                                                                        
            Total  current  liabilities                          1,451                1,321                1,397  
                                                                                                                                                        
Long-term  debt  and  capital  lease                                                                                        
  obligations,  less  current  portion                    2,042                2,039                2,037  
Other  long-term  liabilities                                        45                      22                      28  
                                                                                                                                                        
Stockholders'  equity:                                                                                                              
    Capital  stock:                                                                                                                        
        Common  stock,  par  value                                          7                        7                        7  
        Additional  paid-in  capital                            6,848                6,827                6,803  
        Treasury  stock,  at  cost                                    (110)                (109)                (109)
    Accumulated  deficit                                            (6,380)            (6,306)            (6,160)
    Accumulated  other  comprehensive                                                                                      
      loss                                                                                (6)                    (4)                    (3)
                                                                            -----------    -----------    -----------  
                                                                                                                                                        
            Total  stockholders'  equity                            359                    415                    538  
                                                                            -----------    -----------    -----------  
                                                                                                                                                        
Total  Liabilities  and  Stockholders'                                                                                  
  Equity                                                              $          3,897    $          3,797    $          4,000  
                                                                            ===========    ===========    ===========  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
ADVANCED  MICRO  DEVICES,  INC.                                                                                                
CONDENSED  CONSOLIDATED  STATEMENT  OF  CASH  FLOWS                                                            
(Millions)                                                                                                                                    
                                                                                                        Quarter          Six  Months    
                                                                                                          Ended                  Ended        
                                                                                                  ------------    ------------  
                                                                                                      Jun.  29,            Jun.  29,      
                                                                                                          2013                    2013          
                                                                                                  ------------    ------------  
                                                                                                                                                        
Cash  flows  from  operating  activities:                                                                              
    Net  loss                                                                              $                (74)  $              (220)
    Adjustments  to  reconcile  net  loss  to  net  cash                                                          
      used  in  operating  activities:                                                                                        
        Depreciation  and  amortization                                                    59                      125  
        Net  loss  on  disposal  of  property,  plant  and                                                          
          equipment                                                                                          (1)                      47  
        Benefit  for  deferred  income  taxes                                              -                          1  
        Employee  stock-based  compensation  expense                            20                        44  
        Non-cash  interest  expense                                                              6                        12  
        Other                                                                                                      2                          1  
    Changes  in  operating  assets  and  liabilities:                                                            
        Accounts  receivable                                                                      (25)                    (39)
        Inventories                                                                                      (97)                  (149)
        Prepaid  expenses  and  other  current  assets                          (35)                    (42)
        Other  assets                                                                                    (39)                    (33)
        Payable  to  GLOBALFOUNDRIES                                                          34                      (40)
        Accounts  payable,  accrued  liabilities  and                                                              
          other                                                                                                115                      103  
                                                                                                  ------------    ------------  
Net  cash  used  in  operating  activities                        $                (35)  $              (190)
                                                                                                  ------------    ------------  
                                                                                                                                                        
Cash  flows  from  investing  activities:                                                                              
    Purchases  of  property,  plant  and  equipment                            (28)                    (48)
    Proceeds  from  sale  of  property,  plant  and                                                                  
      equipment                                                                                                3                      181  
    Purchases  of  available-for-sale  securities                          (392)                  (753)
    Proceeds  from  sale  and  maturity  of  available-                                                          
      for-sale  securities                                                                        343                      593  
                                                                                                  ------------    ------------  
Net  cash  used  in  investing  activities                        $                (74)  $                (27)
                                                                                                  ------------    ------------  
                                                                                                                                                        
Cash  flows  from  financing  activities:                                                                              
    Net  proceeds  from  foreign  grants  and                                                                            
      allowances                                                                                              2                          2  
    Proceeds  from  issuance  of  common  stock                                        1                          2  
    Repayments  of  debt  and  capital  lease                                                                            
      obligations                                                                                          (1)                      (2)
                                                                                                  ------------    ------------  
Net  cash  provided  by  financing  activities                $                    2    $                    2  
                                                                                                  ------------    ------------  
Net  decrease  in  cash  and  cash  equivalents                                (107)                  (215)
                                                                                                  ------------    ------------  
Cash  and  cash  equivalents  at  beginning  of                                                                      
  period                                                                                    $                441    $                549  
                                                                                                  ------------    ------------  
Cash  and  cash  equivalents  at  end  of  period              $                334    $                334  
                                                                                                  ------------    ------------  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
ADVANCED  MICRO  DEVICES,  INC.                                                                                                
SELECTED  CORPORATE  DATA                                                                                                          
(Millions  except  headcount)                                                                                                  
                                                                                                                                                        
                                                                                                                                                        
                                                                      Quarter  Ended                    Six  Months  Ended    
--------------------------------------------------------  -------------------
                                                                                                                                                        
Segment  and  Category              Jun.  29,    Mar.  30,    Jun.  30,    Jun.  29,    Jun.  30,  
  Information                                  2013            2013            2012            2013            2012      
--------------------------------------------------------  -------------------
                                                                                                                                                        
    Computing  Solutions  (1)                                                                                                      
        Net  revenue                        $        841    $        751    $    1,046    $    1,592    $    2,249  
        Operating  income                                                                                                                
          (loss)                                $            2    $        (39)  $          82    $        (37)  $        206  
                                                                                                                                                        
    Graphics  and  Visual                                                                                                              
      Solutions  (2)                                                                                                                        
        Net  revenue                                  320              337              367              657              749  
        Operating  income                            -                16                31                16                65  
                                                                                                                                                        
    All  Other  (3)                                                                                                                          
        Operating  loss                            (31)            (75)            (36)          (106)          (774)
                                                                                                                                                        
    Total                                                                                                                                          
        Net  revenue                        $    1,161    $    1,088    $    1,413    $    2,249    $    2,998  
        Operating  income                                                                                                                
          (loss)                                $        (29)  $        (98)  $          77    $      (127)  $      (503)
                                                                                                                                                        
--------------------------------------------------------  -------------------
                                                                                                                                                        
Other  Data                                                                                                                                    
                                                                                                                                                        
    Depreciation  and                                                                                                                    
      amortization,  excluding                                                                                                    
      amortization  of                                                                                                                    
      acquired  intangible                                                                                                            
      assets                                    $          54    $          62    $          61    $        116    $        123  
    Capital  additions                $          28    $          20    $          39    $          48    $          79  
    Adjusted  EBITDA  (4)            $          54    $          40    $        173    $          94    $        394  
    Cash,  cash  equivalents                                                                                                        
      and  marketable                                                                                                                      
      securities,  including                                                                                                        
      long-term  marketable                                                                                                          
      securities                            $    1,117    $    1,183    $    1,759    $    1,117    $    1,759  
    Non-GAAP  free  cash  flow                                                                                                      
      (5)                                          $        (63)  $      (175)  $          42    $      (238)  $        109  
    Total  assets                          $    3,897    $    3,797    $    5,041    $    3,897    $    5,041  
    Long-term  debt  and                                                                                                                
      capital  lease                                                                                                                        
      obligations,  including                                                                                                      
      current  portion                  $    2,047    $    2,044    $    2,021    $    2,047    $    2,021  
    Headcount                                      9,928          9,844        11,737          9,928        11,737  
                                                                                                                                                        
--------------------------------------------------------  -------------------
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
(1)  Computing  Solutions  segment  includes  x86  microprocessors,  as  standalone  
        devices  or  as  incorporated  as  an  accelerated  processing  unit  (APU),          
        chipsets,  embedded  processors  and  dense  servers.                                                
                                                                                                                                                        
(2)  Graphics  and  Visual  Solutions  segment  includes  graphics,  video  and            
        multimedia  products  developed  for  use  in  desktop  and  notebook  computers,
        including  home  media  PCs,  professional  workstations  and  servers  as  well  
        as  revenue  received  in  connection  with  semi-custom  products  and                  
        development  and  game  console  royalties.                                                                  
                                                                                                                                                        
(3)  All  Other  category  includes  certain  expenses  and  credits  that  are  not      
        allocated  to  any  of  the  operating  segments.  Also  included  in  this              
        category  are  amortization  of  acquired  intangible  assets,  employee  stock-
        based  compensation  expense,  net  restructuring  and  other  special  charges  
        and  a  charge  related  to  the  limited  waiver  of  exclusivity  from                    
        GLOBALFOUNDRIES  ("GF").                                                                                                  
                                                                                                                                                        
(4)  Reconciliation  of  GAAP  operating  income  (loss)  to  Adjusted  EBITDA*            
                                                                                                                                                        
                                                                      Quarter  Ended                    Six  Months  Ended    
                                                      ----------------------------    ------------------  
                                                      Jun.  29,    Mar.  30,    Jun.  30,    Jun.  29,    Jun.  30,  
                                                          2013            2013            2012            2013            2012      
                                                      --------    --------    --------    --------    --------  
        GAAP  operating  income                                                                                                      
          (loss)                                $        (29)  $        (98)  $          77    $      (127)  $      (503)
            Limited  waiver  of                                                                                                          
              exclusivity  from  GF                -                  -                  -                  -              703  
            Legal  settlement                        -                  -                  5                  -                  5  
            Depreciation  and                                                                                                            
              amortization                            54                62                61              116              123  
            Employee  stock-based                                                                                                    
              compensation                                                                                                                  
              expense                                      20                24                26                44                47  
            Amortization  of                                                                                                              
              acquired  intangible                                                                                                    
              assets                                          4                  5                  4                  9                  5  
            Restructuring  and                                                                                                          
              other  special                                                                                                                
              charges,  net                              5                47                  -                52                  8  
            SeaMicro  acquisition                                                                                                    
              costs                                            -                  -                  -                  -                  6  
                                                      --------    --------    --------    --------    --------  
        Adjusted  EBITDA                $          54    $          40    $        173    $          94    $        394  
                                                      ========    ========    ========    ========    ========  
                                                                                                                                                        
                                                                                                                                                        
(5)  Non-GAAP  free  cash  flow  reconciliation**                                                                
                                                                                                                                                        
                                                                      Quarter  Ended                    Six  Months  Ended    
                                                      ----------------------------    ------------------  
                                                      Jun.  29,    Mar.  30,    Jun.  30,    Jun.  29,    Jun.  30,  
                                                          2013            2013            2012            2013            2012      
                                                      --------    --------    --------    --------    --------  
        GAAP  net  cash  provided                                                                                                    
          by  (used  in)                                                                                                                      
          operating  activities    $        (35)  $      (155)  $          81    $      (190)  $        188  
            Purchases  of                                                                                                                    
              property,  plant  and                                                                                                    
              equipment                                (28)            (20)            (39)            (48)            (79)
                                                      --------    --------    --------    --------    --------  
        Non-GAAP  free  cash                                                                                                            
          flow                                    $        (63)  $      (175)  $          42    $      (238)  $        109  
                                                      ========    ========    ========    ========    ========  
                                                                                                                                                        
                                                                                                                                                        
        *  The  Company  presents  Adjusted  EBITDA  as  a  supplemental  measure  of  its  
        performance.  Adjusted  EBITDA  for  the  Company  is  determined  by  adjusting  
        operating  income  (loss)  for  depreciation  and  amortization,  employee          
        stock-based  compensation  expense  and  amortization  of  acquired  intangible
        assets.  In  addition,  the  Company  also  included  the  following  adjustments
        for  the  applicable  period:  for  all  periods  presented,  except  for  the        
        second  quarter  of  2012,  the  Company  also  included  an  adjustment  for  net  
        restructuring  and  other  special  charges;  for  the  second  quarter  of  2012,
        the  Company  included  an  adjustment  related  to  a  legal  settlement  with  a  
        third  party;  and  for  six  months  ended  June  30,  2012,  the  Company  also      
        included  adjustments  for  the  limited  waiver  of  exclusivity  from                  
        GLOBALFOUNDRIES,  legal  settlement  with  a  third  party  and  costs  related    
        to  acquisition  of  SeaMicro,  Inc.  The  Company  calculates  and  communicates
        Adjusted  EBITDA  in  the  financial  schedules  because  the  Company's                
        management  believes  it  is  of  importance  to  investors  and  lenders  in          
        relation  to  its  overall  capital  structure  and  its  ability  to  borrow          
        additional  funds.  In  addition,  the  Company  presents  Adjusted  EBITDA          
        because  it  believes  this  measure  assists  investors  in  comparing  its          
        performance  across  reporting  periods  on  a  consistent  basis  by  excluding  
        items  that  the  Company  does  not  believe  are  indicative  of  its  core            
        operating  performance.  The  Company's  calculation  of  Adjusted  EBITDA  may  
        or  may  not  be  consistent  with  the  calculation  of  this  measure  by  other    
        companies  in  the  same  industry.  Investors  should  not  view  Adjusted            
        EBITDA  as  an  alternative  to  the  GAAP  operating  measure  of  operating          
        income  (loss)  or  GAAP  liquidity  measures  of  cash  flows  from  operating,    
        investing  and  financing  activities.  In  addition,  Adjusted  EBITDA  does      
        not  take  into  account  changes  in  certain  assets  and  liabilities  as  well  
        as  interest  and  income  taxes  that  can  affect  cash  flows.                                
                                                                                                                                                        
        **  The  Company  also  presents  non-GAAP  free  cash  flow  in  the  earnings        
        release  as  a  supplemental  measure  of  its  performance.  Non-GAAP  free  cash
        flow  is  determined  by  adjusting  GAAP  net  cash  provided  by  (used  in)          
        operating  activities  for  capital  expenditures.  The  Company  calculates      
        and  communicates  non-GAAP  free  cash  flow  in  the  financial  schedules          
        because  the  Company's  management  believes  it  is  of  importance  to                
        investors  to  understand  the  nature  of  these  cash  flows.  The  Company's      
        calculation  of  non-GAAP  free  cash  flow  may  or  may  not  be  consistent  with
        the  calculation  of  this  measure  by  other  companies  in  the  same  industry.
        Investors  should  not  view  non-GAAP  free  cash  flow  as  an  alternative  to    
        GAAP  liquidity  measures  of  cash  flows  from  operating  activities.  The        
        Company  has  provided  reconciliations  within  the  press  release  and              
        financial  schedules  of  these  non-GAAP  financial  measures  to  the  most        
        directly  comparable  GAAP  financial  measures.                                                        
                                                                                                                                                        
 

« Previous Page 1 | 2 | 3 | 4  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise