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ADVANCED MICRO DEVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Millions except per share amounts and percentages) (Unaudited) | |||||||||||||||||||||||||
| Three Months Ended | Year Ended | ||||||||||||||||||||||||
| December 26,
2020 | September 26,
2020 | December 28,
2019 | December 26,
2020 | December 28,
2019 | |||||||||||||||||||||
| Net revenue | $ | 3,244 | $ | 2,801 | $ | 2,127 | $ | 9,763 | $ | 6,731 | |||||||||||||||
| Cost of sales | 1,793 | 1,571 | 1,178 | 5,416 | 3,863 | ||||||||||||||||||||
| Gross profit | 1,451 | 1,230 | 949 | 4,347 | 2,868 | ||||||||||||||||||||
| Gross margin % | 45 | % | 44 | % | 45 | % | 45 | % | 43 | % | |||||||||||||||
| Research and development | 573 | 508 | 395 | 1,983 | 1,547 | ||||||||||||||||||||
| Marketing, general and administrative | 308 | 273 | 206 | 995 | 750 | ||||||||||||||||||||
| Licensing gain | — | — | — | — | (60 | ) | |||||||||||||||||||
| Operating income | 570 | 449 | 348 | 1,369 | 631 | ||||||||||||||||||||
| Interest expense | (9 | ) | (11 | ) | (18 | ) | (47 | ) | (94 | ) | |||||||||||||||
| Other expense, net | (15 | ) | (37 | ) | (125 | ) | (47 | ) | (165 | ) | |||||||||||||||
| Income before income taxes and equity income | 546 | 401 | 205 | 1,275 | 372 | ||||||||||||||||||||
| Income tax provision (benefit) | (1,232 | ) | 12 | 35 | (1,210 | ) | 31 | ||||||||||||||||||
| Equity income in investee | 3 | 1 | — | 5 | — | ||||||||||||||||||||
| Net Income | $ | 1,781 | $ | 390 | $ | 170 | $ | 2,490 | $ | 341 | |||||||||||||||
| Earnings per share | |||||||||||||||||||||||||
| Basic | $ | 1.48 | $ | 0.33 | $ | 0.15 | $ | 2.10 | $ | 0.31 | |||||||||||||||
| Diluted | $ | 1.45 | $ | 0.32 | $ | 0.15 | $ | 2.06 | $ | 0.30 | |||||||||||||||
| Shares used in per share calculation | |||||||||||||||||||||||||
| Basic | 1,205 | 1,184 | 1,140 | 1,184 | 1,091 | ||||||||||||||||||||
| Diluted | 1,226 | 1,215 | 1,188 | 1,207 | 1,120 | ||||||||||||||||||||
