Reconciliation of GAAP to Non-GAAP Gross Margin (Millions except percentages) Q3-16 Q2-16 Q3-15 ------- ------- ------- GAAP Gross Margin $ 59 $ 319 $ 239 GAAP Gross Margin % 5% 31% 23% Charge related to the sixth amendment to the WSA with GF 340 - - Non-GAAP Gross Margin $ 399 $ 319 $ 239 Non-GAAP Gross Margin % 31% 31% 23% Reconciliation of GAAP to Non-GAAP Operating Expenses (Millions) Q3-16 Q2-16 Q3-15 ------- ------- ------- GAAP operating expenses $ 376 $ 353 $ 397 Restructuring and other special charges, net - (7) 48 Stock-based compensation 23 18 13 ------- ------- ------- Non-GAAP operating expenses $ 353 $ 342 $ 336 ------- ------- ------- Reconciliation of GAAP Operating loss to Non-GAAP Operating Income (loss) (Millions) Q3-16 Q2-16 Q3-15 ------- ------- ------- GAAP operating loss $ (293) $ (8) $ (158) Charge related to the sixth amendment to the WSA with GF 340 - - Restructuring and other special charges, net - (7) 48 Stock-based compensation 23 18 13 ------- ------- ------- Non-GAAP operating income (loss) $ 70 $ 3 $ (97) ------- ------- ------- Reconciliation of GAAP to Non-GAAP Net Income (Loss)/Income (Loss) per Share (Millions except per share amounts) Q3-16 Q2-16 Q3-15 -------------- -------------- -------------- GAAP net income (loss) /income (loss) per share $ (406) $(0.50) $ 69 $ 0.08 $ (197) $(0.25) Charge related to the sixth amendment to the WSA with GF 340 0.39 - - - - Loss on debt redemption 61 0.07 - - - - Non-cash interest expense related to convertible debt 1 - - - - - Restructuring and other special charges, net - - (7) (0.01) 48 0.06 Stock-based compensation 23 0.03 18 0.02 13 0.02 Gain on sale of 85% of ATMP JV 4 - (150) (0.19) - - Equity in income (loss) of ATMP JV 5 0.01 3 - - - Tax provision (benefit) related to sale of 85% of ATMP JV (1) - 27 0.03 - - ------ ------ ------ ------ ------ ------ Non-GAAP net income (loss)/ income (loss) per share $ 27 $ 0.03 $ (40) $(0.05) $ (136) $(0.17) ------ ------ ------ ------ ------ ------
AMD Reports 2016 Third Quarter Results
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