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Microprocessor Business Establishes New All-time Quarterly Records in Total Sales, Server and Mobile Processor Sales, Gross Margin, and Operating Income
AMD (NYSE:AMD) today reported sales of $1.260 billion and net income of $11 million, amounting to $0.03 per diluted share, for the quarter ended June 26, 2005.
Second quarter sales were flat compared to the second quarter of 2004 and increased three percent from the first quarter of 2005. In the second quarter of 2004, AMD reported sales of $1.262 billion and net income of $32 million, or $0.09 per diluted share. In the first quarter of 2005, AMD reported sales of $1.227 billion and a net loss of $17 million, or $0.04 per share. The operating loss was $7 million as compared to operating income of $72 million in the second quarter of 2004 and an operating loss of $46 million in the first quarter of 2005.
"Our microprocessor business delivered another record quarter driven by increased demand for AMD server and mobile processors from our largest global OEM customers," said Robert J. Rivet, AMD's chief financial officer. "Once again we continued to gain momentum with microprocessor sales growth increasing 38 percent compared to the second quarter of 2004. The solid overall demand was enhanced by our newer processor offerings. Strong Dual-Core AMD Opteron(TM) processor sales contributed to an 89 percent revenue increase in our server products from the prior quarter. This demonstrates the acceptance of the AMD64 platform by enterprise customers. Likewise, the AMD Turion(TM)64 processor captured more than 60 design wins and drove record mobile sales in the thin-and-light mobile PC category."
"Memory Products Group sales increased slightly in the quarter, driven by record MirrorBit(TM) Flash memory sales and overall higher unit demand."
Business Overview
Second quarter gross margin was 39 percent compared to 34 percent in the first quarter of 2005. The improvement was largely due to record Computation Products Group (CPG) gross margins.
Record CPG sales of $767 million increased 38 percent from the second quarter of 2004 and increased two percent from $750 million in the first quarter of 2005. CPG generated record operating income of $110 million in the second quarter, up from $92 million in the first quarter of 2005. CPG's second quarter sales growth was driven by record server and mobile processor sales, a six percent higher overall average selling price, and record sales to our largest global OEM customers. Geographically, sales were especially strong in China, North America and all of our high-growth markets.
Memory Products Group sales of $462 million decreased 31 percent from the second quarter of 2004 and increased three percent from $447 million in the first quarter or 2005. Memory Products Group incurred an operating loss of $90 million, as compared to an operating loss of $110 million in the first quarter of 2005. MirrorBit Flash memory sales accelerated to more than 20 percent of total Memory Products Group sales in the quarter, with increased wireless demand for second-generation, 110nm MirrorBit devices. Quarter-over-quarter, sales in Europe and the Americas increased and unit volume shipments were up twelve percent.
Additional Highlights of the Quarter
-- AMD shipped true Dual-Core technology with the AMD Athlon(TM) 64 X2 Dual-Core processors for desktop PCs and Dual-Core AMD Opteron(TM) processors for servers and workstations. Many of AMD's OEM customers announced Dual-Core systems, including Acer, HP, IBM, Lenovo, Sun, Supermicro Computer, Inc., Alienware, Cray, and Dawning.
-- Several of the largest global OEMs broadened their AMD product offerings for small to mid-size businesses and enterprise markets, including:
-- Sun Microsystems, Inc. introduced the Sun Ultra 20 Workstation and unveiled the Sun Fire V40z server, both powered by the Dual-Core AMD Opteron processor. Sun also announced that the versatile Solaris 10 Operating System supports servers based on the Dual-Core AMD Opteron processor.
-- HP launched the HP ProLiant BL45p 4P blade server, the HP dx5150 Business Desktop, and the AMD Turion 64 processor-powered HP Compaq nx6125 laptop for small to mid-size businesses.
-- IBM launched the AMD Opteron IBM LS20 2P blade server.
-- Fujitsu Siemens Computers introduced a new line of professional PCs featuring the AMD Athlon 64 processor, the ESPRIMO P and ESPRIMO E series for business users.
-- AMD, in conjunction with other industry partners, continued to deliver highly-differentiated, industry-first products, including:
-- HP and AMD, working closely with the Lance Armstrong Foundation (LAF), developed the HP Special Edition L2000 "LIVESTRONG" notebook featuring the AMD Turion 64 processor. This one-of-a-kind consumer PC bears the LIVESTRONG message and a reproduction of Lance Armstrong's autograph. Fifty U.S. dollars from each HP Special Edition L2000 Notebook PC will go to the LAF to help it fund its public health, advocacy, research and education initiatives for people with cancer.
-- Acer launched the AMD Turion 64 processor-powered Ferrari 4000, the world's first notebook to harness cutting-edge carbon fiber technology pioneered and perfected in the world of Formula One and in the aerospace industry.
-- More than 75 of the top 100 companies in the Forbes Global 2000 or their subsidiaries have adopted AMD64 technology. Airbus, Alcatel, Computer Sciences Corporation, CyberTrader, Inc., a Charles Schwab company, The D.E. Shaw Group, Unilever, Vodafone and 7-Eleven, Inc. represent the growing ranks of enterprises using AMD technology.
-- The AMD64 software ecosystem continued to gain momentum with Microsoft's release of Windows(R) Server 2003 x64 Edition and Windows XP Professional x64 Editions, both developed in close collaboration with AMD.
-- The Dual-Core AMD Opteron processor took "Best of TechEd 2005" honors conferred by Windows IT Pro and SQL Server Magazine at Microsoft TechEd 2005, and Network Magazine named the Dual-Core AMD Opteron processor "Breakthrough Product" for 2005 at the Network Magazine Innovation Awards.
-- SAGEM announced the SAGEM myX-8 mobile phone using the Spansion(TM) S29GL512N Flash memory device - the industry's only single-chip 512Mbit NOR Flash memory device in production.
Current Outlook
AMD's outlook statements are based on current expectations. The following statements are forward looking, and actual results could differ materially depending on market conditions.
-- AMD expects microprocessor sales growth to exceed normal seasonal patterns.
-- Because of Spansion's SEC Form S-1 filing, AMD is not providing guidance for the Flash memory business.
AMD Teleconference
AMD will hold a conference call for the financial community at 2:30 p.m. PT today to discuss quarterly financial results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its Web site at www.amd.com or www.streetevents.com. The webcast will be available for 10 days after the conference call.
Cautionary Statement
This release contains forward-looking statements concerning the fiscal quarter ending September 25, 2005, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that the forward-looking statements in this release involve risks and uncertainties that could cause actual results to differ materially from the company's current expectations. Risks that the company considers to be the important factors that could cause actual results to differ materially from those set forth in the forward-looking statements include the possibility that global business and economic conditions will worsen resulting in lower than currently expected sales in the third quarter of 2005; that Intel Corporation's pricing, marketing programs, product bundling, new product introductions or other activities targeting the company's processor business will prevent attainment of the company's current processor sales plans; that demand for computers, and, in turn, demand for the company's processors will be lower than currently expected; that adoption of AMD64 products by OEMs will not continue to occur as expected; that demand for the company's Flash memory products will be lower than currently expected; that Intel Corporation's pricing, marketing programs, product bundling, new product introductions or other activities will negatively affect NOR Flash memory prices; that OEMs will increasingly choose NAND-based Flash memory products over NOR-based Flash memory products for their applications; that customer acceptance of MirrorBit technology will not continue to increase; that the company may not achieve its current product and technology introduction or implementation schedules; that the company will not be able to raise sufficient capital to enable it to establish leading-edge capacity to maintain its market leadership positions and that solutions providers will not timely provide the infrastructure to support the company's AMD64 technology. We urge investors to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings, including but not limited to the Annual Report on Form 10-K for the year ended December 26, 2004 and the Quarterly Report on Form 10-Q for the quarter ended March 27, 2005.
About AMD
AMD (NYSE:AMD) designs and produces innovative microprocessors, Flash memory devices and low-power processor solutions for the computer, communications and consumer electronics industries. AMD is dedicated to delivering standards-based, customer-focused solutions for technology users, ranging from enterprises and governments to individual consumers. For more information visit www.amd.com.
AMD, the AMD Arrow logo, AMD Athlon, AMD Opteron, AMD Turion, and combinations thereof, are trademarks of Advanced Micro Devices, Inc. Spansion and MirrorBit are trademarks of Spansion LLC. Windows is a registered trademark of Microsoft Corporation in the U.S. and/or other jurisdictions. Other names used are for informational purposes only and may be trademarks of their respective owners.
Advanced Micro Devices, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Thousands except per share amounts)
Quarter Ended Six Months Ended
----------------------------------------------- ----------------------
Jun. 26 Mar. 27 Jun. 27 Jun. 26 Jun. 27
2005 2005 2004 2005 2004
(Unaudited)(Unaudited)(Unaudited) (Unaudited)(Unaudited)
----------------------------------------------- ----------------------
Net sales $1,259,918 $1,226,628 $1,261,837 $2,486,546 $2,498,270
Cost of sales 765,954 807,449 783,069 1,573,403 1,551,909
Research and
development 272,584 253,122 224,821 525,706 450,911
Marketing,
general and
administrative 228,511 211,714 178,993 440,225 359,210
Restructuring
and other
special
charges, net - - 2,514 - 2,514
----------------------------------------------- ----------------------
1,267,049 1,272,285 1,189,397 2,539,334 2,364,544
----------------------------------------------- ----------------------
Operating
income (loss) (7,131) (45,657) 72,440 (52,788) 133,726
Interest
income and
other, net 3,098 3,974 (2,203) 7,072 8,778
Interest
expense (25,653) (24,245) (27,956) (49,898) (58,110)
----------------------------------------------- ----------------------
Income (loss)
before minority
interest and
income taxes (29,686) (65,928) 42,281 (95,614) 84,394
Minority interest
in (income) loss
of subsidiaries 37,905 46,853 (6,527) 84,758 (1,176)
Provision
(benefit) for
income taxes (3,100) (1,652) 3,574 (4,752) 5,947
----------------------------------------------- ----------------------
Net income (loss) 11,319 (17,423) 32,180 (6,104) 77,271
----------------------------------------------- ----------------------
Net income (loss) per common share
Basic $ 0.03 $ (0.04) $ 0.09 $ (0.02) $ 0.22
Diluted $ 0.03 $ (0.04) $ 0.09 $ (0.02) $ 0.21
----------------------------------------------- ----------------------
Shares used in per share calculation
- Basic 395,414 393,077 353,655 394,245 352,491
- Diluted 405,739 393,077 420,053 394,245 419,008
----------------------------------------------- ----------------------
Advanced Micro Devices, Inc.
----------------------------------------------------------------------
RECONCILIATION OF NET INCOME (LOSS) TO EBITDA
(Thousands)
----------------------------------------------------------------------
Quarter Ended Six Months Ended
----------------------------------------------- ----------------------
Jun. 26, Mar. 27, Jun. 27, Jun. 26, Jun. 27,
2005 2005 2004 2005 2004
(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)
----------------------------------------------------------------------
Net income
(loss) $ 11,319 $ (17,423) $ 32,180 $ (6,104) $ 77,271
Depreciation
and
amortization 318,455 332,881 292,393 651,336 590,373
Interest income (7,194) (6,885) (3,531) (14,079) (7,205)
Interest expense 25,653 24,245 27,956 49,898 58,110
Provision
(benefit) for
income taxes (3,100) (1,652) 3,574 (4,752) 5,947
----------------------------------------------- ----------------------
EBITDA $ 345,133 $ 331,166 $ 352,572 $ 676,299 $ 724,496
----------------------------------------------- ----------------------
Advanced Micro Devices, Inc.
CONSOLIDATED BALANCE SHEETS
(Thousands)
Jun. 26, Dec. 26,
2005 2004(a)
----------------------------------------------------------------------
(unaudited)
Assets
Current assets:
Cash, cash equivalents and short-term
investments $ 1,220,064 $ 1,195,559
Accounts receivable, net 735,687 719,572
Inventories 911,163 874,790
Prepaid expenses and other current assets 309,491 350,240
Deferred income taxes 71,656 87,836
----------------------------------------------------------------------
Total current assets 3,248,061 3,227,997
Property, plant and equipment, net 4,145,483 4,233,807
Other assets 379,018 382,406
----------------------------------------------------------------------
Total Assets $ 7,772,562 $ 7,844,210
======================================================================
Liabilities and Stockholders' Equity
Current liabilities:
Notes payable $ 50,412 $ -
Accounts payable 757,274 655,123
Accrued compensation and benefits 163,063 191,431
Accrued liabilities 461,651 445,341
Restructuring accruals 20,077 18,997
Income taxes payable 17,971 47,145
Deferred income on shipments to
distributors 148,625 141,738
Current portion of long-term debt and
capital lease obligations 254,233 230,828
Other current liabilities 124,378 115,773
----------------------------------------------------------------------
Total current liabilities 1,997,684 1,846,376
Deferred income taxes 68,131 104,246
Long-term debt and capital lease obligations 1,591,584 1,628,268
Other long-term liabilities 462,314 414,626
Minority interest in subsidiaries 806,240 840,641
Stockholders' equity:
Capital stock:
Common stock, par value 3,963 3,917
Capital in excess of par value 2,370,339 2,316,669
Retained earnings 302,206 308,497
Accumulated other comprehensive income 170,101 380,970
----------------------------------------------------------------------
Total stockholders' equity 2,846,609 3,010,053
----------------------------------------------------------------------
Total Liabilities and Stockholders' Equity $ 7,772,562 $ 7,844,210
======================================================================
(a)Derived from the December 26, 2004 audited financial statements of
Advanced Micro Devices, Inc.
AMD
Selected Corporate Data
(Unaudited)
Quarter Ended Six Months Ended
--------------------------------------------------- ------------------
Jun. 26, Mar. 27, Jun. 27, Jun. 26, Jun. 27,
Segment Information 2005 2005 2004 2005 2004
-----------------------
--------------------------------------------------- ------------------
Computation Products Group (1)
Revenue $767 M $750 M $554 M $1,517 M $1,125 M
Operating Income 110 M 92 M 58 M 202 M 125 M
Memory Products Group (2)
Revenue 462 M 447 M 673 M 910 M 1,301 M
Operating Income (Loss) (90)M (110)M 45 M (199)M 59 M
Personal Connectivity Solutions Group (3)
Revenue 30 M 30 M 34 M 60 M 72 M
Operating Loss (14)M (17)M (14)M (31)M (21)M
All Other (4)
Revenue 0 M 0 M 0 M 0 M 0 M
Operating Loss (13)M (10)M (16)M (24)M (29)M
Total AMD
Revenue 1,260 M 1,227 M 1,262 M 2,487 M 2,498 M
Operating Income (Loss) (7)M (46)M 72 M (53)M 134 M
--------------------------------------------------- ------------------
--------------------------------------------------- ------------------
Jun. 26, Mar. 27, Jun. 27, Jun. 26, Jun. 27,
Other Data 2005 2005 2004 2005 2004
-----------------------
--------------------------------------------------- ------------------
Depreciation &
Amortization $318 M $333 M $292 M $651 M $590 M
Capital Additions $303 M $518 M $361 M $822 M $563 M
Headcount 16,694 16,144 14,690 16,694 14,690
--------------------------------------------------- ------------------
International Sales 76% 78% 80% 77% 81%
Research and Development $273 M $253 M $225 M $526 M $451 M
EBITDA $345 M $331 M $353 M $676 M $724 M
--------------------------------------------------- ------------------
(1) Computation Products Group includes PC processors and Chipsets.
(2) Memory Products Group includes Flash memory products of AMD and Spansion LLC.
(3) The Personal Connectivity Solutions Group includes Embedded Processors and products for global commercial and consumer markets.
(4) The All Other category includes certain operating expenses and credits that are not allocated to the operating segments.
Note: Figures may not foot due to rounding
微处理器业务在销售总额、服务器与移动处理器销售额、毛利润率以及营业收入方面创下的新季度记录
AMD公司（纽约证券交易所：AMD）今天报告说截止至2005年6月26日的本季度，销售额为12.60亿美元，净收入为1100万美元，相当于摊薄后每股收益0.03美元。
本年度第二季度的销售收入与2004年第二季度持平，与2005年第一季度相比增长了3%。在2004年第二季度，AMD公司报告销售额为12.62亿美元，净收入为3200万美元，相当于摊薄后每股0.09美元。在2005年第一季度，AMD公司报告销售额为12.27亿美元，净亏损为1700万美元，相当于摊薄后每股0.04美元。2005年第二季度经营亏损为700万美元，与之相比，2004年第二季度的经营收益为7200万美元，2005年第一季度的经营亏损为4600万美元。
AMD公司首席财务官Robert J. Rivet说：“由于全球最大的原始设备制造商客户对于AMD公司的服务器处理器以及移动处理器的需求增长，因此我们的微处理器业务再创季度新记录。微处理器销售额继续保持增长势头，与2004年第二季度相比，销售收入增长了38%。我们推出的新处理器提高了市场的整体需求。双核心AMD Opteron(TM)处理器销售继续保持强劲增长，占到了之前季度的服务器销售收入增长的89%。这表明企业客户已经接受了AMD64平台。与此类似，AMD Turion(TM) 64处理器获得了60余项大奖，帮助在轻薄移动电脑部门中实现了移动处理器的销售新记录。”
“由MirrorBit(TM)闪速存储器销售创造了新记录以及整体需求增长，存储器产品集团在本季度实现了微弱增长。”
企业综述
第二季度毛利润率为39%，与之相比，2005年第一季度的毛利润率为34%。毛利润率提高的原因是因为计算产品集团(CPG)的毛利润率创造了新记录。
CPG销售额达到了创记录的7.67亿美元，与2004年第四季度相比增长了38%，与2005年第一季度的7.50亿美元相比增长了2%。在第二季度，CPG的营业收入达到了创记录的1.10亿美元，与之相比，2005年第一季度为9200万美元。服务器与移动处理器的销售增长推动了CPG第二季度的销售增长，处理器的平均售价上升了6%，面向规模最大的全球原始设备制造商客户的销售创下了新记录。从地理分布上来说，中国、北美洲以及其他高增长率市场的销售增长尤为强劲。
存储器产品集团的销售额为4.62亿美元，与2004年第二季度相比下降了31%，与2005年第一季度的4.47亿平均相比增长了3%。存储器产品集团产生了9000万美元的经营亏损，与之相比，2005年第一季度的营业亏损为1.1亿美元。MirrorBit闪速存储器产品的销售额继续增长，占到了本季度存储器产品集团销售额的20%多，无线行业对于第二代110纳米的MirrorBit设备的需求继续上涨。欧洲与美国地区的销售额继续上升，发货量季度同比上升12%。
本季度中的其他亮点
——AMD发运具备真正的双核心技术的AMD Athlon(TM) 64 X2台式机双核心处理器以及AMD Opteron(TM)服务器与工作站双核心处理器。包括宏基公司、惠普公司、IBM公司、联想公司、Sun、Supermicro Computer, Inc.、Alienware、Cray和曙光公司在内的众多AMD公司的原始设备制造商客户都发布了双核心系统。
——几家全球最大型的原始设备制造商扩大了它们面各中小型企业以及企业市场的AMD产品线，具体包括：
——Sun Microsystems, Inc.推出了基于AMD Opteron双核心处理器的Sun Ultra 20工作站，还揭开了基于AMD Opteron双核心处理器的Sun Fire V40z服务器的面纱。Sun还宣布Solaris 10通用操作系统支持基于AMD Opteron双核心处理器的服务器。
——惠普公司面向中小型企业推出HP ProLiant BL45p 4p刀片服务器、HP dx5150商用台式机以及基于AMD Turion 64处理器的HP Compaq nx6125笔记本电脑。
——IBM公司推出了基于AMD Opteron处理器的IBM LS20 2P刀片服务器。
——富士通西门子公司面向企业用户推出基于AMD Athlon 64处理器专业个人电脑产品ESPRIMO P和ESPRIMO E系列电脑。
——AMD公司与其行业合作伙伴一起继续推出高度差异化的业内领先的产品，具体包括：
——惠普公司、AMD公司与Lance Armstrong Foundation(LAF)密切合作，开发出了基于AMD Turion 64处理器的HP L2000 LIVESTRONG特别版笔记本电脑。这种独一无二的个人电脑能够接爱LIVESTRONG信息，而且笔记本上还有Lance Armstrong的签名。每售出一台HP L2000特别版笔记本，惠普公司就会向LAF捐出50美元，以帮助其为公众健康、研究与癌瘤病人教育计划提供资金。
——宏基公司推出基于AMD Turion 64的Ferrari 4000笔记本，Ferrari 4000笔记本是全球首台采用了一级方程式赛车与航天工业所率先采用并加以完善的先进的碳纤维技术。
——“《福布斯》全球2000强企业”里的前100强企业中有超过75家企业或者其子公司已经采用了AMD64技术。空中客车公司、阿尔卡特公司、Computer Sciences Corporation、CyberTrader, Inc.、Charles Schwab company、D.E. Shaw Group、Unilever、沃达丰公司和7-Eleven, Inc.都采用了AMD64技术，这表明有超来越多的企业在使用AMD技术。
——随着微软公司发布和AMD公司一同密切合作开发出来的Windows® Server 2003 x64 Edition和Windows XP Professional x64 Editions，AMD64软件生态体系仍然保持增长势头。
——在Microsoft TechEd 2005大会上，AMD Opteron双核心处理器获得了由《Windows IT Pro》和《SQL Server》杂志颁发的“Best of TechEd 2005”大奖，在《Network Magazine》创新大奖评选中，《Network Magazine》提名AMD Opteron双核心处理器为“2005年突破性产品”。
——SAGEM发布了采用了Spansion(TM) S29GL512N闪速存储器设备的SAGEM myX-8移动电话——这是业内目前唯一在产的512兆NOR单芯片闪速存储器设备。
发展趋势展望
AMD公司发布的前景报告系以当前预期为基础。以下声明属于前瞻性声明，视市场状况的不同可能与实际公司业绩存在重大差异。
——AMD希望微处理器的销售增长能够超越常规的季节性模式。
——由于Spansion向证券交易委员会提交了S-1表格，AMD不再提供闪速存储器业务的指导数据。
AMD公司电话会议
AMD公司将会在太平洋时间今天下午2:30举行金融界电话会议以讨论第二季度财务业绩。AMD公司将会在公司网站 www.amd.com 或者
www.streetevents.com 中的投资者关系页面内实时转播电话会议音频。电话会议结束后十天内网站将会提供webcast重播。
警告性声明
根据《1995年私人证券诉讼改革法案》中的免责声明规定，本新闻稿包含有与截止至2005年9月25日的会计季度有关的前瞻性声明。我们警告投资者本前瞻性声明中包含有风险与不确定性，可能导致公司实际业绩与当前预测存在重大差异。风险包括全球商业与经济状况恶化导致本公司2005年第三季度销售收入低于当前预期的可能性；英特尔公司定价、营销计划、产品捆绑、新产品推出或者其他针对本公司处理器业务的其他经营活动可能会妨碍本公司实现当前的处理器销售计划的可能性；个人计算机需求低于当前预期导致公司处理器需求低于当前预测的可能性；原始设备制造商采用AMD64产品的情况不如预期的可能性；公司生产的闪速存储器产品需求低于当前预测的可能性；英特尔公司对于NOR闪速存储器定价产生负责影响的可能性；越来越多的原始设备制造商愿意选择NAND闪速存储器产品而不是NOR闪速存储器产品的可能性；客户对于MirrorBit技术的接受程度不会继续增加的可能性；公司无法实现当前产品和技术引进日程计划的可能性；公司无法筹集足够资金来建立领先的生产能力，从而继续保持市场领导位置的可能性和解决方案供应商未能及时提供包括操作系统和应用程序在内的基础设施来支持本公司的AMD64技术的可能性。我们敦促投资者详细评估本公司向证券交易委员会提交的各类文件中所提出的风险与不确定性，这些文件包括但不仅限于截止至2004年12月26日的10-K表格年报、截止到2005年3月27日的10-Q表格季报。
关于AMD公司
AMD公司（纽约证券交易所：AMD）设计与生产创新的微处理器、闪速存储器设备以及用于计算机、通信与消费电子工业的低功率处理器解决方案。AMD公司致力于面向技术用户提供以客户为中心的标准解决方案，用户包括企业、政府机构以及个人消费者等。了解详细信息，请访问公司网站
www.amd.com 。
AMD、AMD箭头标识、AMD Athlon、AMD Opteron、AMD Turion及其组合是美国超微公司的商标。Spansion和MirrorBit是Spansion LLC的商标。Windows是微软公司在美国和/或其他国家和地区中的注册商标。其他名称只供参考之用，可能是属于各自所有权人所有的商标。
美国超微公司
合并经营情况表
（千美元，每股收益除外）
季度 半年
----------------------------------------------- ----------------------
2005年 2005年 2004年 2005年 2004年
6月26日 5月25日 6月27日 6月26日 6月27日
（未经审计）（未经审计）（未经审计）（未经审计）（未经审计）
----------------------------------------------- ----------------------
销售净额 $1,259,918 $1,226,628 $1,261,837 $2,486,546 $2,498,270
销售成本 765,954 807,449 783,069 1,573,403 1,551,909
研究与开发支出 272,584 253,122 224,821 525,706 450,911
营销、一般与
管理支出 228,511 211,714 178,993 440,225 359,210
重组与其
他特别支出净额 - - 2,514 - 2,514
----------------------------------------------- ----------------------
1,267,049 1,272,285 1,189,397 2,539,334 2,364,544
----------------------------------------------- ----------------------
经营收益（亏损） (7,131) (45,657) 72,440 (52,788) 133,726
利息与其他收益净额 3,098 3,974 (2,203) 7,072 8,778
利息支出 (25,653) (24,245) (27,956) (49,898) (58,110)
----------------------------------------------- ----------------------
扣除少数股东权益
和所得税前的公司
收益（亏损） (29,686) (65,928) 42,281 (95,614) 84,394
子公司少
数股东权
益亏损（收益） 37,905 46,853 (6,527) 84,758 (1,176)
所得税预提 (3,100) (1,652) 3,574 (4,752) 5,947
----------------------------------------------- ----------------------
净收益（亏损） 11,319 (17,423) 32,180 (6,104) 77,271
----------------------------------------------- ----------------------
每普通股净收益（亏损）
基本收益（亏损） $ 0.03 $ (0.04) $ 0.09 $ (0.02) $ 0.22
摊薄后收益（亏损） $ 0.03 $ (0.04) $ 0.09 $ (0.02) $ 0.21
----------------------------------------------- ----------------------
每股收益计算中的股份数量
- 基本数量 395,414 393,077 353,655 394,245 352,491
- 摊薄后数量 405,739 393,077 420,053 394,245 419,008
----------------------------------------------- ----------------------
美国超微公司
----------------------------------------------------------------------
净收益（亏损）与EBITDA差异调节表
（千美元）
----------------------------------------------------------------------
季度 半年
----------------------------------------------- ----------------------
2005年 2005年 2004年 2005年 2004年
6月26日 5月25日 6月27日 6月26日 6月27日
（未经审计）（未经审计）（未经审计）（未经审计）（未经审计）----------------------------------------------------------------------
净收益（亏损） $ 11,319 $ (17,423) $ 32,180 $ (6,104) $ 77,271
折旧与摊销 318,455 332,881 292,393 651,336 590,373
利息收入 (7,194) (6,885) (3,531) (14,079) (7,205)
利息支出 25,653 24,245 27,956 49,898 58,110
所得税预提 (3,100) (1,652) 3,574 (4,752) 5,947
----------------------------------------------- ----------------------
EBITDA $ 345,133 $ 331,166 $ 352,572 $ 676,299 $ 724,496
----------------------------------------------- ----------------------
美国超微公司
合并资产负债表
（千美元）
2005年 2004年(a)
6月26日 12月26日
----------------------------------------------------------------------
（未经审计）
资产
流动资产：
现金、现金等价物与短期投资 $ 1,220,064 $ 1,195,559
应收账款净额 735,687 719,572
存货 911,163 874,790
预付费用以及其他流动资产 309,491 350,240
递延所得税s 71,656 87,836
----------------------------------------------------------------------
流动资产总额 3,248,061 3,227,997
不动产、工厂和设备净额 4,145,483 4,233,807
其他资产 379,018 382,406
----------------------------------------------------------------------
资产总额 $ 7,772,562 $ 7,844,210
======================================================================
负债与股东权益
流动负债：
应付票据 $ 50,412 $ -
应付账款 757,274 655,123
应计薪酬与养老金 163,063 191,431
应计负债 461,651 445,341
重组增值 20,077 18,997
应付所得税 17,971 47,145
向分销商发货的递延收益 148,625 141,738
长期债务与资本租赁债务
中的流动部分 254,233 230,828
其他流动负债 124,378 115,773
----------------------------------------------------------------------
流动负债总额 1,997,684 1,846,376
递延所得税 68,131 104,246
长期债务与资本租赁债务 1,591,584 1,628,268
其他长期债务 462,314 414,626
子公司中的少数股东权益 806,240 840,641
股东权益：
股本：
普通股面值 3,963 3,917
超过面值的股本 2,370,339 2,316,669
留存收益 302,206 308,497
其他累计综合收益 170,101 380,970
----------------------------------------------------------------------
股东权益总额 2,846,609 3,010,053
----------------------------------------------------------------------
负债与股东权益总额 $ 7,772,562 $ 7,844,210
======================================================================
(a)来自于美国超微公司的截止至2004年12月26日的财务报表。
AMD公司
精选公司数据
（未经审计）
季度 半年
--------------------------------------------------- ------------------
2005年 2005年 2004年 2005年 2004年
部门信息 6月26日 5月25日 6月27日 6月26日 6月27日
-----------------------
--------------------------------------------------- ------------------
计算产品集团(1)
收入 $767 M $750 M $554 M $1,517 M $1,125 M
经营收益 110 M 92 M 58 M 202 M 125 M
存储器产品集团(2)
收入 462 M 447 M 673 M 910 M 1,301 M
经营收益（亏损） (90)M (110)M 45 M (199)M 59 M
个人连接解决方案集团(3)
收入 30 M 30 M 34 M 60 M 72 M
经营亏损 (14)M (17)M (14)M (31)M (21)M
所有其他部门(4)
收入 0 M 0 M 0 M 0 M 0 M
经营亏损 (13)M (10)M (16)M (24)M (29)M
AMD公司总计
收入 1,260 M 1,227 M 1,262 M 2,487 M 2,498 M
经营收益（亏损） (7)M (46)M 72 M (53)M 134 M
--------------------------------------------------- ------------------
--------------------------------------------------- ------------------
2005年 2005年 2004年 2005年 2004年
其他数据 6月26日 5月25日 6月27日 6月26日 6月27日-----------------------
--------------------------------------------------- ------------------
折旧与摊销 $318 M $333 M $292 M $651 M $590 M
资本增值 $303 M $518 M $361 M $822 M $563 M
雇员数量 16,694 16,144 14,690 16,694 14,690
--------------------------------------------------- ------------------
国际销售收入 76% 78% 80% 77% 81%
研究与开发支出 $273 M $253 M $225 M $526 M $451 M
EBITDA $345 M $331 M $353 M $676 M $724 M
--------------------------------------------------- ------------------
(1)计算产品部门包括个人电脑处理器与芯片组。
(2)存储器产品部门包括AMD公司和Spansion LLC生产的闪速存储器产品。
(3)个人连接解决方案集团包括向全球商业与消费市场的嵌入式处理器与产品。
(4)所有其他部门包括那些没有指定给经营部门的经营开支和信贷。
注释：由于四舍五入的关系，可能无法通过以上数字计算出总额。
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