This document provides financial information for Advanced Micro Devices for the first quarter of 2009 including statements of operations, balance sheets, and selected corporate data. It shows a net loss of $414 million for the quarter, decreased revenue compared to the same quarter last year, and cash, cash equivalents and marketable securities of $2.719 billion. Non-GAAP information is also provided to show financial results without consolidation of GLOBALFOUNDRIES operations.
This document discusses procedures for information exchange regarding regulations in the United States. It outlines the process of "Notice and Comment" used in the U.S., where federal regulatory agencies issue a notice of a proposed regulation, accept public comments, and then issue a final rule addressing the comments. The U.S. Federal Register is a key source for following the "Notice and Comment" process, as it publishes notices, accepts comments, and issues final regulations. Electronic tools like RegAlert can also help track regulations across U.S. states.
Advanced Micro Devices reported a net loss of $1.77 billion for Q4 2007, compared to a net loss of $396 million in Q3 2007 and $576 million in Q4 2006. Revenue increased slightly to $1.77 billion from $1.63 billion the previous quarter but was flat compared to $1.77 billion in the same quarter last year. Gross margin declined to 44% from 41% last quarter due to higher costs. Operating losses increased substantially to $1.68 billion from $226 million last quarter due to a $1.61 billion goodwill impairment charge. Adjusted EBITDA was $203 million compared to $60 million in Q3 2007 and $169 million in Q4 2006
el paso 160DAEF8-9761-4AE9-925F-15301F29A4B9_2008_Summary_Reportfinance49
This document is El Paso Corporation's 2008 annual report which summarizes the company's financial and operating highlights for 2008. It discusses declines in operating income and earnings compared to previous years due to a $2.7 billion non-cash ceiling test charge in its Exploration & Production segment. However, it notes the Pipeline segment placed seven growth projects into service and increased its backlog of committed growth projects to $8 billion. The report provides an overview of accomplishments in 2008 and challenges faced by the company in a difficult market environment.
The document provides consolidated financial statements for a company for the years 2005-2007. It shows that total revenues increased from $10.2 billion in 2005 to $13.6 billion in 2007. Net income decreased from $549 million in 2005 to a net loss of $95 million in 2007. Key line items include total revenues, operating expenses, income from continuing operations, and net income/loss for each year.
- ConocoPhillips reported significantly higher revenues and net income for both the fourth quarter and full year 2004 compared to the same periods in 2003, driven by higher oil and gas prices and increased production volumes.
- Revenues for the fourth quarter of 2004 were $40.1 billion, up 54% from $26 billion in the fourth quarter of 2003. Net income for the fourth quarter was $2.4 billion, up 138% from $1 billion.
- For the full year 2004, revenues were $136.9 billion compared to $105.1 billion in 2003. Net income was $8.1 billion compared to $4.7 billion in 2003.
- ConocoPhillips reported revenues of $34.7 billion for Q3 2004, up from $26.5 billion in Q3 2003, and net income of $2 billion, up from $1.3 billion.
- Earnings per share for Q3 2004 were $2.86, up from $1.90 in Q3 2003.
- Oil and gas production volumes were up slightly from Q3 2003, with crude oil production of 733 thousand barrels per day consolidated and 844 thousand barrels per day total.
This document discusses procedures for information exchange regarding regulations in the United States. It outlines the process of "Notice and Comment" used in the U.S., where federal regulatory agencies issue a notice of a proposed regulation, accept public comments, and then issue a final rule addressing the comments. The U.S. Federal Register is a key source for following the "Notice and Comment" process, as it publishes notices, accepts comments, and issues final regulations. Electronic tools like RegAlert can also help track regulations across U.S. states.
Advanced Micro Devices reported a net loss of $1.77 billion for Q4 2007, compared to a net loss of $396 million in Q3 2007 and $576 million in Q4 2006. Revenue increased slightly to $1.77 billion from $1.63 billion the previous quarter but was flat compared to $1.77 billion in the same quarter last year. Gross margin declined to 44% from 41% last quarter due to higher costs. Operating losses increased substantially to $1.68 billion from $226 million last quarter due to a $1.61 billion goodwill impairment charge. Adjusted EBITDA was $203 million compared to $60 million in Q3 2007 and $169 million in Q4 2006
el paso 160DAEF8-9761-4AE9-925F-15301F29A4B9_2008_Summary_Reportfinance49
This document is El Paso Corporation's 2008 annual report which summarizes the company's financial and operating highlights for 2008. It discusses declines in operating income and earnings compared to previous years due to a $2.7 billion non-cash ceiling test charge in its Exploration & Production segment. However, it notes the Pipeline segment placed seven growth projects into service and increased its backlog of committed growth projects to $8 billion. The report provides an overview of accomplishments in 2008 and challenges faced by the company in a difficult market environment.
The document provides consolidated financial statements for a company for the years 2005-2007. It shows that total revenues increased from $10.2 billion in 2005 to $13.6 billion in 2007. Net income decreased from $549 million in 2005 to a net loss of $95 million in 2007. Key line items include total revenues, operating expenses, income from continuing operations, and net income/loss for each year.
- ConocoPhillips reported significantly higher revenues and net income for both the fourth quarter and full year 2004 compared to the same periods in 2003, driven by higher oil and gas prices and increased production volumes.
- Revenues for the fourth quarter of 2004 were $40.1 billion, up 54% from $26 billion in the fourth quarter of 2003. Net income for the fourth quarter was $2.4 billion, up 138% from $1 billion.
- For the full year 2004, revenues were $136.9 billion compared to $105.1 billion in 2003. Net income was $8.1 billion compared to $4.7 billion in 2003.
- ConocoPhillips reported revenues of $34.7 billion for Q3 2004, up from $26.5 billion in Q3 2003, and net income of $2 billion, up from $1.3 billion.
- Earnings per share for Q3 2004 were $2.86, up from $1.90 in Q3 2003.
- Oil and gas production volumes were up slightly from Q3 2003, with crude oil production of 733 thousand barrels per day consolidated and 844 thousand barrels per day total.
ConocoPhillips reported financial results for the third quarter and first nine months of 2005:
- Revenues for the quarter increased to $49.7 billion, up from $34.7 billion in the same period last year, driven by higher oil and gas prices. Net income was $3.8 billion compared to $2 billion last year.
- For the first nine months of the year, revenues were $131.2 billion compared to $96.8 billion last year. Net income was $9.85 billion compared to $5.7 billion in the same period of 2004.
- Oil and gas production for the quarter averaged 790 thousand barrels of oil equivalent per day for
The document provides operating statistics and financial results for El Paso Corporation for the fourth quarter and full year of 2005. Some key details include:
- For the fourth quarter of 2005, El Paso reported a net loss of $162 million and a loss from continuing operations of $283 million.
- For the full year 2005, El Paso reported a net loss of $606 million and a loss from continuing operations of $702 million.
- El Paso reported earnings before interest and taxes of -$106 million for the fourth quarter and $398 million for the full year from its various business segments including pipelines, exploration and production, marketing and trading, power and field services.
This document provides an overview and summary of key financial information for Big Lots for fiscal year 2003. It includes selected financial data such as net sales, costs of sales, gross profit, selling and administrative expenses, operating profit, interest expense/income, income before taxes, tax expense, net income, earnings per share, balance sheet information, and store count data for fiscal years 2004, 2003, 2002, 2001, and 2000. It also provides a cautionary statement about forward-looking statements and an overview of Big Lots' business operations and seasonal fluctuations.
el paso 22758BEF-CBE8-4368-BDC6-D02434EE5C13_EP_4Q08OpStatsFinalfinance49
The document provides operating statistics for El Paso Corporation for the fourth quarter of 2008. It includes consolidated statements of income, operating results, and business segment results for Pipelines, Exploration and Production, Marketing, Power, and Corporate/Other. Key details include a net loss of $1.68 billion for Q4 2008 driven by $2.66 billion in ceiling test charges in Exploration and Production. Pipelines EBIT was $319 million for Q4. Exploration and Production had an EBIT loss of $2.526 billion for the quarter due to the ceiling test charges.
ConocoPhillips reported financial highlights for the second quarter of 2004 including revenues of $31.9 billion and net income of $2.1 billion. Earnings per share were $3.01 for the quarter. The company experienced higher crude oil and natural gas sales prices and volumes compared to the prior year. However, costs and expenses also increased, including purchases of crude oil and products, production and operating expenses, and taxes.
marriott international Third Quarter 2007finance20
Marriott International reported financial results for the third quarter of 2007. Total revenues increased 12% compared to the prior year. Operating income decreased 20% due to higher expenses. Net income decreased 7% to $131 million. For the first nine months of 2007, total revenues increased 10% while net income increased 34% to $520 million compared to the prior year.
marriott international Second Quarter 2007finance20
Marriott International reported higher revenues and net income for the 12 and 24 week periods ending June 15, 2007 compared to the same periods in 2006. Revenues increased 11% and net income grew 11% for the quarterly period. For the half year, revenues rose 9% and net income increased 57%, which included the impact of a prior accounting change. Higher revenues were driven by increased rates across all lodging segments and timeshare sales.
1. Webster Financial Corporation conducted an exchange of convertible preferred securities and trust preferred securities, which contributed to improvements in its Tier 1 common equity ratio and tangible common equity ratio.
2. The exchange raised $173 million in new Tier 1 common equity at a price more than double Webster's pre-exchange stock price.
3. As a result of the exchange and higher provision for loan losses, Webster reported a net loss of $31.6 million for the second quarter of 2009, compared to a net loss of $28.7 million in the second quarter of 2008.
Arkansas Best Corporation announced a net loss of $18.2 million for the first quarter of 2009 compared to net income of $8.5 million in the first quarter of 2008. Revenues declined 22.9% for the company and 23.3% for its trucking subsidiary ABF Freight System due to a poor economy and lower freight levels. ABF also reported an operating loss and increased operating ratio due to high fixed costs and an inability to increase rates enough to cover rising costs despite workforce and fleet reductions exceeding tonnage declines. The company maintained a strong financial position to endure the difficult market.
The document summarizes Knoll's third quarter 2009 financial results. Key points include:
- Sales declined 36.1% year-over-year in 3Q09 due to decreases in corporate spending and employment.
- Gross margin dollars and percentage decreased due to lower sales volume and pricing pressures. Adjusted operating profit also declined due to lower sales.
- Adjusted EPS fell to $0.13 in 3Q09 compared to $0.52 in the prior year.
- Bank leverage, a measure of debt levels, increased to 2.59 times in 3Q09 from prior periods below 2 times, reflecting lower operating results.
E-learning for empowering the rural people in Bangladesh, Opportunities and C...Domelid
E-learning and e-health programs were implemented in rural Bangladesh to address inadequate education and healthcare resources. An international team collaborated with local partners to set up an ICT center providing computer training, online learning materials, and telemedicine services. Teachers, students, and healthcare workers improved their skills. However, challenges remained around unreliable electricity, limited internet access, and a need for locally relevant content in Bangladeshi languages. Overall, the programs showed success in improving learning outcomes and healthcare but require ongoing development to be sustainable in rural areas.
Theravance reported financial results for the first quarter of 2009. Net loss decreased to $19.2 million compared to $29.8 million for the same period in 2008. Key highlights included positive Phase 2b results for fluticasone furoate in asthma patients and FDA acceptance of the telavancin NDA filing for nosocomial pneumonia. Revenue increased to $9.5 million due to deferred revenue recognition related to a returned program. Research and development expenses decreased to $19.6 million from continued progress of respiratory and bacterial infection programs.
This document provides financial information for Advanced Micro Devices for the first quarter of 2009 including statements of operations, balance sheets, and selected corporate data. It shows a net loss of $414 million for the quarter, decreased revenue compared to the same quarter last year, and cash, cash equivalents, and marketable securities of $2.719 billion as of the end of the quarter. Non-GAAP information is also provided to show financial results excluding AMD's Foundry segment.
Though mobile usage and adoption is skyrocketing, only 1/3 of B2B Marketers have mobile optimized content and less than 25% have mobile applications. This presentation from the B2B Digital Edge Conference shares how Intuit's Accounting Professionals Division is integrating mobile opportunities into their marketing mix.
AK Steel reported a net loss of $73.4 million for Q1 2009 compared to net income of $101.1 million in Q1 2008. Shipments declined 51% to 778,800 tons while average selling price increased 4% to $1,184 per ton. The company expects shipments to increase slightly to 800,000 tons in Q2 2009 while the average selling price declines 4% and the company incurs an operating loss of approximately $50 million, a 50% improvement over Q1 2009. AK Steel ended Q1 2009 with $1.1 billion in liquidity to endure weak market conditions.
Advanced Micro Devices reported financial results for Q4 2008 and full year 2008. For Q4, revenue declined 35% year-over-year to $1.2 billion, and the company reported a net loss of $1.4 billion. For the full year, revenue declined slightly to $5.8 billion while the net loss widened to $3.1 billion. The Computing Solutions segment experienced significant operating losses for both the quarter and year. Advanced Micro Devices' financial position also weakened, with cash balances declining by over 40% and stockholders' deficit reaching $82 million.
Advanced Micro Devices reported financial results for Q4 2008 and full year 2008. For Q4, revenue declined 35% year-over-year to $1.2 billion, and the company reported a net loss of $1.4 billion. For the full year, revenue declined slightly to $5.8 billion while the net loss widened to $3.1 billion. The Computing Solutions segment experienced significant operating losses for both the quarter and year. Advanced Micro Devices' financial position also weakened, with cash balances declining by over 40% and stockholders' deficit reaching $82 million.
- Advanced Micro Devices reported a net loss of $1.4 billion for the quarter ending December 27, 2008, compared to a net loss of $127 million for the previous quarter and a net loss of $1.8 billion for the same quarter last year.
- For the full year 2008, AMD reported a net loss of $3.1 billion compared to a net loss of $3.4 billion in 2007.
- Revenue for Q4 2008 was $1.2 billion, down 35% from the previous quarter and 33% from Q4 2007. For the full year, revenue was $5.8 billion, down 1% from 2007.
Advanced Micro Devices reported financial results for Q4 2008 and full year 2008. For Q4, revenue declined 35% year-over-year to $1.2 billion, and the company reported a net loss of $1.4 billion. For the full year, revenue declined slightly to $5.8 billion while the net loss widened to $3.1 billion. The Computing Solutions segment experienced significant operating losses for both the quarter and year. Advanced Micro Devices' financial position also weakened, with cash balances declining by over 40% and stockholders' deficit reaching $82 million.
Advanced Micro Devices reported financial results for Q4 2008 and full year 2008. For Q4, revenue declined 35% year-over-year to $1.2 billion, and the company reported a net loss of $1.4 billion. For the full year, revenue declined slightly to $5.8 billion while the net loss widened to $3.1 billion. The Computing Solutions segment experienced significant operating losses for both the quarter and year. Advanced Micro Devices' financial position also weakened, with cash balances declining by over 40% and stockholders' deficit reaching $82 million.
- AMD reported a net loss of $67 million for Q3 2008 and $1.6 billion for the first 9 months of 2008 due to losses from discontinued operations related to its memory chip business Spansion. Revenue increased 14% in Q3 2008 compared to Q3 2007 but gross margin percentage increased from 41% to 51%.
- Total assets decreased from $11.55 billion as of December 2007 to $9.49 billion as of September 2008 mainly due to assets transferred from discontinued operations to liabilities held for sale. Cash and marketable securities decreased from $1.89 billion to $1.34 billion over the same period.
ConocoPhillips reported financial results for the third quarter and first nine months of 2005:
- Revenues for the quarter increased to $49.7 billion, up from $34.7 billion in the same period last year, driven by higher oil and gas prices. Net income was $3.8 billion compared to $2 billion last year.
- For the first nine months of the year, revenues were $131.2 billion compared to $96.8 billion last year. Net income was $9.85 billion compared to $5.7 billion in the same period of 2004.
- Oil and gas production for the quarter averaged 790 thousand barrels of oil equivalent per day for
The document provides operating statistics and financial results for El Paso Corporation for the fourth quarter and full year of 2005. Some key details include:
- For the fourth quarter of 2005, El Paso reported a net loss of $162 million and a loss from continuing operations of $283 million.
- For the full year 2005, El Paso reported a net loss of $606 million and a loss from continuing operations of $702 million.
- El Paso reported earnings before interest and taxes of -$106 million for the fourth quarter and $398 million for the full year from its various business segments including pipelines, exploration and production, marketing and trading, power and field services.
This document provides an overview and summary of key financial information for Big Lots for fiscal year 2003. It includes selected financial data such as net sales, costs of sales, gross profit, selling and administrative expenses, operating profit, interest expense/income, income before taxes, tax expense, net income, earnings per share, balance sheet information, and store count data for fiscal years 2004, 2003, 2002, 2001, and 2000. It also provides a cautionary statement about forward-looking statements and an overview of Big Lots' business operations and seasonal fluctuations.
el paso 22758BEF-CBE8-4368-BDC6-D02434EE5C13_EP_4Q08OpStatsFinalfinance49
The document provides operating statistics for El Paso Corporation for the fourth quarter of 2008. It includes consolidated statements of income, operating results, and business segment results for Pipelines, Exploration and Production, Marketing, Power, and Corporate/Other. Key details include a net loss of $1.68 billion for Q4 2008 driven by $2.66 billion in ceiling test charges in Exploration and Production. Pipelines EBIT was $319 million for Q4. Exploration and Production had an EBIT loss of $2.526 billion for the quarter due to the ceiling test charges.
ConocoPhillips reported financial highlights for the second quarter of 2004 including revenues of $31.9 billion and net income of $2.1 billion. Earnings per share were $3.01 for the quarter. The company experienced higher crude oil and natural gas sales prices and volumes compared to the prior year. However, costs and expenses also increased, including purchases of crude oil and products, production and operating expenses, and taxes.
marriott international Third Quarter 2007finance20
Marriott International reported financial results for the third quarter of 2007. Total revenues increased 12% compared to the prior year. Operating income decreased 20% due to higher expenses. Net income decreased 7% to $131 million. For the first nine months of 2007, total revenues increased 10% while net income increased 34% to $520 million compared to the prior year.
marriott international Second Quarter 2007finance20
Marriott International reported higher revenues and net income for the 12 and 24 week periods ending June 15, 2007 compared to the same periods in 2006. Revenues increased 11% and net income grew 11% for the quarterly period. For the half year, revenues rose 9% and net income increased 57%, which included the impact of a prior accounting change. Higher revenues were driven by increased rates across all lodging segments and timeshare sales.
1. Webster Financial Corporation conducted an exchange of convertible preferred securities and trust preferred securities, which contributed to improvements in its Tier 1 common equity ratio and tangible common equity ratio.
2. The exchange raised $173 million in new Tier 1 common equity at a price more than double Webster's pre-exchange stock price.
3. As a result of the exchange and higher provision for loan losses, Webster reported a net loss of $31.6 million for the second quarter of 2009, compared to a net loss of $28.7 million in the second quarter of 2008.
Arkansas Best Corporation announced a net loss of $18.2 million for the first quarter of 2009 compared to net income of $8.5 million in the first quarter of 2008. Revenues declined 22.9% for the company and 23.3% for its trucking subsidiary ABF Freight System due to a poor economy and lower freight levels. ABF also reported an operating loss and increased operating ratio due to high fixed costs and an inability to increase rates enough to cover rising costs despite workforce and fleet reductions exceeding tonnage declines. The company maintained a strong financial position to endure the difficult market.
The document summarizes Knoll's third quarter 2009 financial results. Key points include:
- Sales declined 36.1% year-over-year in 3Q09 due to decreases in corporate spending and employment.
- Gross margin dollars and percentage decreased due to lower sales volume and pricing pressures. Adjusted operating profit also declined due to lower sales.
- Adjusted EPS fell to $0.13 in 3Q09 compared to $0.52 in the prior year.
- Bank leverage, a measure of debt levels, increased to 2.59 times in 3Q09 from prior periods below 2 times, reflecting lower operating results.
E-learning for empowering the rural people in Bangladesh, Opportunities and C...Domelid
E-learning and e-health programs were implemented in rural Bangladesh to address inadequate education and healthcare resources. An international team collaborated with local partners to set up an ICT center providing computer training, online learning materials, and telemedicine services. Teachers, students, and healthcare workers improved their skills. However, challenges remained around unreliable electricity, limited internet access, and a need for locally relevant content in Bangladeshi languages. Overall, the programs showed success in improving learning outcomes and healthcare but require ongoing development to be sustainable in rural areas.
Theravance reported financial results for the first quarter of 2009. Net loss decreased to $19.2 million compared to $29.8 million for the same period in 2008. Key highlights included positive Phase 2b results for fluticasone furoate in asthma patients and FDA acceptance of the telavancin NDA filing for nosocomial pneumonia. Revenue increased to $9.5 million due to deferred revenue recognition related to a returned program. Research and development expenses decreased to $19.6 million from continued progress of respiratory and bacterial infection programs.
This document provides financial information for Advanced Micro Devices for the first quarter of 2009 including statements of operations, balance sheets, and selected corporate data. It shows a net loss of $414 million for the quarter, decreased revenue compared to the same quarter last year, and cash, cash equivalents, and marketable securities of $2.719 billion as of the end of the quarter. Non-GAAP information is also provided to show financial results excluding AMD's Foundry segment.
Though mobile usage and adoption is skyrocketing, only 1/3 of B2B Marketers have mobile optimized content and less than 25% have mobile applications. This presentation from the B2B Digital Edge Conference shares how Intuit's Accounting Professionals Division is integrating mobile opportunities into their marketing mix.
AK Steel reported a net loss of $73.4 million for Q1 2009 compared to net income of $101.1 million in Q1 2008. Shipments declined 51% to 778,800 tons while average selling price increased 4% to $1,184 per ton. The company expects shipments to increase slightly to 800,000 tons in Q2 2009 while the average selling price declines 4% and the company incurs an operating loss of approximately $50 million, a 50% improvement over Q1 2009. AK Steel ended Q1 2009 with $1.1 billion in liquidity to endure weak market conditions.
Advanced Micro Devices reported financial results for Q4 2008 and full year 2008. For Q4, revenue declined 35% year-over-year to $1.2 billion, and the company reported a net loss of $1.4 billion. For the full year, revenue declined slightly to $5.8 billion while the net loss widened to $3.1 billion. The Computing Solutions segment experienced significant operating losses for both the quarter and year. Advanced Micro Devices' financial position also weakened, with cash balances declining by over 40% and stockholders' deficit reaching $82 million.
Advanced Micro Devices reported financial results for Q4 2008 and full year 2008. For Q4, revenue declined 35% year-over-year to $1.2 billion, and the company reported a net loss of $1.4 billion. For the full year, revenue declined slightly to $5.8 billion while the net loss widened to $3.1 billion. The Computing Solutions segment experienced significant operating losses for both the quarter and year. Advanced Micro Devices' financial position also weakened, with cash balances declining by over 40% and stockholders' deficit reaching $82 million.
- Advanced Micro Devices reported a net loss of $1.4 billion for the quarter ending December 27, 2008, compared to a net loss of $127 million for the previous quarter and a net loss of $1.8 billion for the same quarter last year.
- For the full year 2008, AMD reported a net loss of $3.1 billion compared to a net loss of $3.4 billion in 2007.
- Revenue for Q4 2008 was $1.2 billion, down 35% from the previous quarter and 33% from Q4 2007. For the full year, revenue was $5.8 billion, down 1% from 2007.
Advanced Micro Devices reported financial results for Q4 2008 and full year 2008. For Q4, revenue declined 35% year-over-year to $1.2 billion, and the company reported a net loss of $1.4 billion. For the full year, revenue declined slightly to $5.8 billion while the net loss widened to $3.1 billion. The Computing Solutions segment experienced significant operating losses for both the quarter and year. Advanced Micro Devices' financial position also weakened, with cash balances declining by over 40% and stockholders' deficit reaching $82 million.
Advanced Micro Devices reported financial results for Q4 2008 and full year 2008. For Q4, revenue declined 35% year-over-year to $1.2 billion, and the company reported a net loss of $1.4 billion. For the full year, revenue declined slightly to $5.8 billion while the net loss widened to $3.1 billion. The Computing Solutions segment experienced significant operating losses for both the quarter and year. Advanced Micro Devices' financial position also weakened, with cash balances declining by over 40% and stockholders' deficit reaching $82 million.
- AMD reported a net loss of $67 million for Q3 2008 and $1.6 billion for the first 9 months of 2008 due to losses from discontinued operations related to its memory chip business Spansion. Revenue increased 14% in Q3 2008 compared to Q3 2007 but gross margin percentage increased from 41% to 51%.
- Total assets decreased from $11.55 billion as of December 2007 to $9.49 billion as of September 2008 mainly due to assets transferred from discontinued operations to liabilities held for sale. Cash and marketable securities decreased from $1.89 billion to $1.34 billion over the same period.
Advanced Micro Devices reported financial results for the second quarter of 2008 that showed a net loss of $1.19 billion compared to a net loss of $600 million in the second quarter of 2007. Revenue from continuing operations was $1.35 billion, up 3% from the previous year. The larger net loss was primarily due to an $876 million impairment charge related to discontinued operations. Excluding discontinued operations, the operating loss was $143 million compared to an operating loss of $396 million in the prior year, as gross margin improved to 52% from 34% a year ago.
This document provides operating statistics and financial results for El Paso Corporation for the fourth quarter of 2005.
Some key highlights include:
- Consolidated net loss was $162 million for Q4 2005 compared to a net loss of $542 million for Q4 2004.
- The Pipeline Group segment earned $233 million in earnings before interest and taxes for Q4 2005, down from $369 million in Q4 2004.
- Exploration & Production earned $168 million in earnings before interest and taxes for Q4 2005, down slightly from $176 million in Q4 2004.
- Marketing and Trading lost $224 million in earnings before interest and taxes for Q4 2005, an improvement from a $
Advanced Micro Devices reported a net loss of $1.77 billion for Q4 2007, compared to a net loss of $396 million in Q3 2007 and $576 million in Q4 2006. Revenue increased slightly to $1.77 billion from $1.63 billion the previous quarter but was flat compared to $1.77 billion in the same quarter last year. Gross margin declined to 44% from 41% last quarter due to higher costs. Operating losses increased substantially to $1.68 billion from $226 million last quarter due to a $1.61 billion goodwill impairment charge. Adjusted EBITDA was $203 million compared to $60 million in Q3 2007 and $169 million in Q4 2006
- Advanced Micro Devices reported a net loss of $600 million for the quarter ended June 30, 2007, bringing the total net loss for the first half of 2007 to $1.211 billion.
- Revenue increased 11.9% compared to the previous quarter but the gross margin percentage declined from 28.1% to 33.5% due to higher costs.
- Research and development expenses increased 9.5% compared to the previous quarter as the company continued investing in new products.
- Advanced Micro Devices reported a net loss of $600 million for the quarter ended June 30, 2007, bringing the total net loss for the first half of 2007 to $1.211 billion.
- Revenue increased 11.9% compared to the previous quarter but the gross margin percentage declined from 28.1% to 33.5% due to higher costs.
- Research and development expenses increased 9.5% compared to the previous quarter as the company continued investing in new products.
- AMD reported a net loss of $611 million for Q1 2007 due to lower revenue and higher costs. Revenue fell to $1.23 billion from $1.77 billion in the previous quarter.
- Gross margin declined to 28.1% from 36.2% in the previous quarter due to higher costs and lower factory utilization. Research and development expenses increased while marketing and administrative costs declined slightly.
- The Computing Solutions segment reported an operating loss of $321 million on revenue of $918 million, compared to an operating income of $65 million on revenue of $1.486 billion in the previous quarter.
Advanced Micro Devices reported a net loss of $611 million for the first quarter of 2007, with net revenue of $1.233 billion. The Computing Solutions segment experienced an operating loss of $321 million on $918 million in revenue. Research and development expenses were $432 million for the quarter. Adjusted EBITDA, which excludes certain one-time acquisition costs, was a loss of $196 million.
This document provides operating statistics for El Paso Corporation for the third quarter of 2005. It includes consolidated statements of income, segment information, and details on consolidated and business segment earnings before interest, taxes, depreciation and amortization. Specifically, it shows a consolidated net loss of $312 million for the third quarter, with the Pipeline Group generating earnings of $207 million and losses for the Non-Regulated Group of $279 million, bringing total EBIT to a loss of $87 million.
This document provides operating statistics for El Paso Corporation for the third quarter of 2005. It includes consolidated statements of income, segment information, and details on consolidated and business segment earnings before interest, taxes, depreciation and amortization. Specifically, it shows a consolidated net loss of $312 million for the third quarter, with the Pipeline Group generating earnings of $207 million and losses for the Non-Regulated Group of $279 million, bringing total EBIT to a loss of $87 million.
The document provides consolidated financial statements for a company for the years 2005-2007. It shows revenues increasing each year from $10.2 billion in 2005 to $13.6 billion in 2007. Net income, however, decreased from $549 million in 2005 to a net loss of $95 million in 2007. The company operates both regulated and non-regulated businesses across Latin America, North America, and Europe/CIS/Africa regions.
The document provides consolidated financial statements for a company for the years 2005-2007. It shows that total revenues increased from $10.2 billion in 2005 to $13.6 billion in 2007. Net income decreased from $549 million in 2005 to a net loss of $95 million in 2007. Key line items include total revenues, operating expenses, income from continuing operations, and net income/loss for each year.
The document provides operating statistics for El Paso Corporation for the fourth quarter of 2008. It includes consolidated statements of income, operating results, and business segment results for Pipelines, Exploration and Production, Marketing, Power, and Corporate/Other. Key details include a net loss of $1.68 billion for Q4 2008 driven by $2.66 billion in ceiling test charges in Exploration and Production. Pipelines contributed operating income of $291 million in Q4. Exploration and Production had an operating loss of $2.39 billion in Q4 due to the ceiling test charges.
el paso 22758BEF-CBE8-4368-BDC6-D02434EE5C13_EP_4Q08OpStatsFinalfinance49
The document provides operating statistics for El Paso Corporation for the fourth quarter of 2008. It includes consolidated statements of income, operating results, and business segment results for Pipelines, Exploration and Production, Marketing, Power, and Corporate/Other. Key details include a net loss of $1.68 billion for Q4 2008 driven by $2.66 billion in ceiling test charges in Exploration and Production. Pipelines generated $319 million in EBIT for Q4. Exploration and Production had an EBIT loss of $2.53 billion for the quarter due to the ceiling test charges.
This document provides operating statistics and financial results for El Paso Corporation for the fourth quarter and full year of 2006. Some key details include:
- For the fourth quarter of 2006, El Paso reported net income of $166 million compared to a net loss of $162 million for the same period in 2005.
- For the full year 2006, net income was $475 million, an improvement from a net loss of $606 million in 2005.
- Earnings were positively impacted by higher earnings from the Pipelines, Exploration and Production, and Field Services segments.
- The results show improvement in El Paso's overall financial performance in 2006 compared to 2005.
Similar to Q1 2009 Earning Report of Advanced Micro Devices (20)
Daimler reported its Q3 2009 results, with the automotive market continuing to experience a slump. Key points include:
- Group sales were €19.3 billion in Q3, with an EBIT of €0.5 billion excluding special items.
- Mercedes-Benz Cars achieved a positive EBIT of €355 million in Q3 due to the availability of new models and cost measures.
- Daimler Trucks reported an EBIT loss of €127 million in Q3 due to weak demand and charges from repositioning.
- Daimler aims to further improve earnings in Q4 through new models and ongoing efficiency programs.
A. Schulman reported fiscal fourth-quarter and full-year 2009 results, with strong margins and excellent liquidity. For the quarter, gross margins reached 16.3% compared to 12.1% last year. North America approached break-even despite lower volumes. Cash on hand exceeded $228 million with over $300 million available in credit lines. For the full year, net sales were $1.28 billion, down 35.5% from last year. Gross margins increased to 13.3% from 11.8% last year, and income from continuing operations was $11.2 million.
BB&T Corporation presented its fourth quarter 2009 investor presentation. The presentation highlighted BB&T's strategic acquisition of Colonial Bank, which enhanced its franchise in key Southeastern markets. The Colonial transaction was deemed financially attractive and expected to be accretive to earnings, exceeding BB&T's merger criteria. BB&T has a proven track record of successfully integrating acquisitions and anticipated achieving annual cost savings of $170 million from the Colonial deal.
Brown & Brown Inc. reported a 1% increase in net income for the third quarter of 2009 compared to the same period in 2008. Total revenue decreased 1% for the quarter. Net income for the first nine months of 2009 was up slightly compared to the same period last year, while total revenue increased slightly. The company stated that results reflected a challenging operating environment with declines in insurable exposure units and soft market rates.
Boston Scientific reported financial results for the third quarter of 2009. Net sales increased 3% to $2.025 billion and adjusted EPS was $0.19. Reported GAAP EPS was $0.13. The company maintained its leadership in the worldwide DES market with a 41% share. Worldwide CRM product sales increased 8% and Endosurgery sales increased 8%. Guidance for Q4 2009 estimates net sales of $2.025-$2.125 billion and adjusted EPS of $0.17-$0.21. Full year 2009 guidance estimates net sales of $8.134-$8.234 billion and adjusted EPS of $0.75-$0.79.
Boston Scientific reported financial results for the third quarter of 2009. Net sales increased 3% to $2.025 billion and adjusted EPS was $0.19. Reported GAAP EPS was $0.13. The company maintained its leadership in the worldwide DES market with a 41% share. Worldwide CRM product sales increased 8% and Endosurgery sales increased 8%. Guidance for Q4 2009 estimates net sales of $2.025-$2.125 billion and adjusted EPS of $0.17-$0.21. Full year 2009 guidance estimates net sales of $8.134-$8.234 billion and adjusted EPS of $0.75-$0.79.
This document is Atheros Communications' quarterly report filed with the SEC for the quarter ended September 30, 2009. It includes Atheros' condensed consolidated financial statements, with assets of $676 million and liabilities of $103 million. It also provides management's discussion of the company's financial condition and operating results, and discusses risks including the economic downturn and competition in the wireless LAN market. The report includes certifications of the CEO and CFO regarding financial controls.
- The document is Apple Inc.'s Form 10-Q quarterly report filed with the SEC for the quarter ended June 27, 2009.
- It provides Apple's condensed consolidated financial statements and notes to the financial statements for the quarter.
- The financial statements show that Apple's net sales increased 12% to $8.3 billion for the quarter compared to $7.5 billion in the same quarter the previous year, while net income increased 15% to $1.2 billion from $1.1 billion.
Hancock Holding Company announced its financial results for the third quarter of 2009. Net income increased 10.7% from the previous quarter to $15.2 million. Key factors were lower loan loss provisions and an expanded net interest margin. Non-performing assets rose slightly while net charge-offs decreased. Total assets declined 3.4% but the company remained well capitalized, with tangible equity ratio rising to 8.71%.
This document provides an agenda and highlights for Walgreen Co.'s 4th quarter and fiscal year 2009 conference call with investors. It includes introductions, a discussion of 4Q and FY performance and strategies, financial results, and a Q&A session. Key metrics highlighted are 7.6% sales growth and a 1.5% decline in net earnings for 4Q, and 7.3% sales growth and a 7% decline in net earnings for FY2009. The document also outlines Walgreen's strategies around healthcare reform, the flu season, and expanding their business model.
1) Infosys Technologies reported financial results for the quarter ending September 30, 2009, with revenues of $1.154 billion, a 5.1% decline from the previous year. Net income was $317 million, a 0.9% decline.
2) For the quarter ending December 31, 2009, Infosys expects revenues between $1.155-1.165 billion, a 1.4-0.5% decline from the previous year, and earnings per share of $0.50, a 13.8% decline.
3) For the full fiscal year ending March 31, 2010, Infosys expects revenues between $4.60-4.62 billion, a 1
Marriott International reported financial results for the third quarter of 2009. Key highlights include:
- Revenue declined to $2.5 billion compared to $3 billion in Q3 2008 due to weaker demand.
- Net income declined 57% to $53 million compared to the prior year.
- REVPAR declined 23.5% worldwide and 20.6% in North America.
- The company added 79 new properties and expects to open over 33,000 new rooms in 2009.
PepsiCo held its 2009 Q3 earnings call on October 8, 2009. In the call, PepsiCo reaffirmed its guidance for 2009 of mid-to-high single digit constant currency net revenue and core EPS growth. PepsiCo also set a 2010 target of 11-13% core constant currency EPS growth, assuming the closing of acquisitions of PBG and PAS in early 2010. PepsiCo reported 5% constant currency net revenue growth and 8% core constant currency EPS growth in Q3 2009. PepsiCo highlighted investments planned for 2010 in areas such as R&D, emerging markets, brands, IT infrastructure, sustainability, and developing its employees.
- Alcoa held its 3rd quarter 2009 earnings conference call on October 7, 2009
- The call discussed Alcoa's financial results for the 3rd quarter of 2009 as well as the current state and outlook of the aluminum market
- Key highlights included income from continuing operations of $73 million, revenue up 9% sequentially, and initiatives offsetting currency and energy headwinds
The Pepsi Bottling Group reported third quarter 2009 results. Comparable diluted EPS was $1.06 and reported diluted EPS was $1.14. Currency neutral operating income grew 10% compared to the prior year on a comparable basis, while reported operating income declined 4% due to foreign exchange impacts. The company remains on track to achieve full-year 2009 guidance of $2.30-$2.40 diluted EPS at the high end of the range and has raised operating free cash flow guidance to approximately $550 million.
- Jean Coutu Group reported an increase in sales and revenues for the second quarter of 2010 compared to the same period last year. Total sales increased 7.7% to $549 million while revenues from franchising increased 7.3% to $608.7 million.
- Net earnings for the quarter were $14.9 million compared to a net loss of $39.1 million in the previous year. Earnings per share were $0.07 compared to a loss per share of $0.16 last year.
- Rite Aid also reported financial results for the second quarter, with revenues of $6.3 billion and a net loss of $116 million. Rite Aid revised its guidance
Minerva plc presented preliminary results for the year ended 30 June 2009. Key points included successfully restructuring and extending £750 million in loan facilities with no scheduled maturities in the current or next fiscal year. Development projects such as The Walbrook and St. Botolphs were on time and on budget. Tenant interest was improving for office developments in London's financial district despite a difficult real estate market.
This document is Worthington Industries' quarterly report filed with the SEC for the quarter ended August 31, 2009. It includes financial statements and notes for the quarter, as well as a discussion of financial results by management. Some key details include:
- Net sales for the quarter were $417.5 million, down from $913.2 million in the prior year quarter. The company reported a net loss of $4.5 million compared to net income of $79.7 million in the previous year.
- Inventories totaled $232.9 million as of August 31, 2009, down from $270.6 million as of May 31, 2009 as the company worked to reduce inventory levels.
The document provides the agenda and highlights from Walgreen Co.'s 4th quarter and fiscal year 2009 conference call with analysts held on September 29, 2009. It discusses 4th quarter and fiscal year financial results including net sales growth of 7.6% and 7.3% respectively, adjusted earnings per share of $0.44 and $2.02, and prescription sales growth. The document also summarizes Walgreen's strategies around healthcare reform, the H1N1 flu pandemic, expanding health services and 90-day prescriptions to lower costs.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
1. ADVANCED MICRO DEVICES, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Millions except per share amounts and percentages)
Quarter Ended
March 28, Dec. 27, March 29,
2008 (1) 2008 (1)
2009
(Unaudited) (Unaudited) (Unaudited)
Net revenue $ 1,177 $ 1,162 $ 1,487
Cost of sales 674 890 866
Gross margin 503 272 621
Gross margin % 43% 23% 42%
Research and development 446 465 478
Marketing, general and administrative 287 317 337
Amortization of acquired intangible assets 18 30 40
Impairment of goodwill and acquired intangible assets - 684 -
Restructuring charges 60 50 -
Operating income (loss) (308) (1,274) (234)
Interest income 3 7 15
Interest expense (97) (95) (101)
Other income (expense), net 104 4 (1)
Income (loss) before income taxes (298) (1,358) (321)
Provision (benefit) for income taxes 116 69 -
Income (loss) from continuing operations (414) (1,427) (321)
Income (loss) from discontinued operations, net of tax - (10) (30)
Net income (loss) $ (414) $ (1,437) $ (351)
Net (income) loss attributable to noncontrolling interest 6 (6) (13)
Class B preferred accretion (8) - -
Net Income (loss) attributable to AMD common stockholders $ (416) $ (1,443) $ (364)
Net income (loss) attributable to AMD common stockholders per common share
Basic and diluted
Continuing operations $ (0.66) $ (2.35) $ (0.55)
Discontinued operations 0.00 (0.02) (0.05)
Basic and diluted net income (loss) per common share $ (0.66) $ (2.37) $ (0.60)
Shares used in per share calculation
Basic and diluted 626 609 606
(1) Includes retrospective adoption of FASB Staff Position Accounting Principles Board No. 14-1, Accounting for Convertible Debt Instruments That May Be Settled in Cash
upon Conversion (Including Partial Cash Settlement) (FSP APB 14-1) in the first quarter of 2009.
2. ADVANCED MICRO DEVICES, INC.
AMD NON-GAAP AND RECONCILIATIONS TO CONSOLIDATED STATEMENTS OF OPERATIONS(2)
(Millions except per share amounts and percentages)
Quarter Ended March 28, 2009
Foundry segment and
AMD Product intersegment
Company (3) eliminations (4) AMD
Net revenue $ 1,177 $ -$ 1,177
Cost of sales 701 (27) 674
Gross margin 476 27 503
Gross margin % 40% 43%
Research and development 305 141 446
Marketing, general and administrative 252 35 287
Amortization of acquired intangible assets 18 - 18
Restructuring charges 60 - 60
Operating income (loss) (159) (149) (308)
Interest income 6 (3) 3
Interest expense (74) (23) (97)
Other income (expense), net 129 (25) 104
Income (loss) before income taxes (98) (200) (298)
Provision (benefit) for income taxes (1) 117 116
Net income (loss) $ (97) $ (317) $ (414)
Net (income) loss attributable to noncontrolling interest 6
Class B preferred accretion (8)
Net income (loss) attributable to AMD common stockholders $ (416)
(2) The Company believes this non-GAAP presentation makes it easier for investors to understand what AMD financial results would be if it were not required to
consolidate the operations of GLOBALFOUNDRIES.
(3) Consists of the results of the Computing Solutions and Graphics segments and the All other category.
(4) See footnotes 3 and 5 in Selected Corporate Data
3. ADVANCED MICRO DEVICES, INC.
CONSOLIDATED BALANCE SHEETS
(Millions)
March 28, Dec. 27,
(5)
2008
2009
(Unaudited)
Assets
Current assets:
Cash, cash equivalents and marketable securities $ 2,719 $ 1,096
Accounts receivable, net 414 320
Inventories 539 656
Prepaid expenses and other current assets 254 279
Deferred income taxes 45 28
Total current assets 3,971 2,379
Property, plant and equipment, net 4,137 4,296
Goodwill 323 323
Acquisition related intangible assets, net 150 168
Other assets 471 506
Total Assets $ 9,052 $ 7,672
Liabilities and Stockholders' Equity (Deficit)
Current liabilities:
Accounts payable $ 497 $ 631
Accrued compensation and benefits 147 162
Accrued liabilities 684 785
Deferred income on shipments to distributors 87 50
Current portion of long-term debt and capital lease obligations 281 286
Other short-term obligations 134 86
Other current liabilities 249 226
Total current liabilities 2,079 2,226
Deferred income taxes 219 91
Long-term debt and capital lease obligations, less current portion 5,282 4,490
Other long-term liabilities 546 569
Noncontrolling interest 1,089 169
Stockholders' equity (deficit):
Capital stock:
Common stock, par value 7 6
Capital in excess of par value 6,380 6,264
Retained earnings (deficit) (6,667) (6,251)
Accumulated other comprehensive income 117 108
Total stockholders' equity (deficit) (163) 127
Total Liabilities and Stockholders' Equity (Deficit) $ 9,052 $ 7,672
(5) Amounts for the year ended December 27, 2008 were derived from the December 27, 2008 audited financial statements, including
retrospective adoption of FSP APB 14-1 implemented in the first quarter of 2009.
4. ADVANCED MICRO DEVICES, INC.
SELECTED CORPORATE DATA
(Unaudited)
(Millions except headcount and percentages)
Quarter Ended
March 28, Dec. 27, March 29,
Segment and Category Information from Continuing Operations 2009 2008 2008
Computing Solutions (1)
Net revenue $ 938 $ 873 $ 1,194
Operating income (loss) $ (36) $ (431) $ (164)
Graphics (2)
Net revenue 222 270 262
Operating income (loss) 1 (10) 13
Foundry (3)
Net revenue 283
Operating income (loss) (141)
All Other (4)
Net revenue 17 19 31
Operating income (loss) (124) (833) (83)
Intersegment eliminations (5)
Net revenue (283)
Operating income (loss) (8)
Total from Continuing Operations
Net revenue $ 1,177 $ 1,162 $ 1,487
Operating income (loss) $ (308) $ (1,274) $ (234)
Revenue Reconciliation
Revenue from continuing operations $ 1,177 $ 1,162 $ 1,487
Revenue from discontinued operations - 8 18
Total revenue $ 1,177 $ 1,170 $ 1,505
Other Data
AMD Product Company (excludes Foundry segment and intersegment eliminations)
Depreciation and amortization
(excluding amortization of acquired intangible assets) $ 105
Capital additions $ 17
Adjusted EBITDA (6) $ 99
Cash, cash equivalents and marketable securities (7) $ 1,599
Total assets (7) $ 4,536
Long-term debt (7) $ 3,711
Headcount 10,511
AMD
Depreciation and amortization
(excluding amortization of acquired intangible assets) $ 262 $ 271 $ 266
Capital additions $ 84 $ 112 $ 322
Adjusted EBITDA (6) $ 77 $ (284) $ 73
Headcount 13,408 14,652 16,398
See footnotes on the next page
5. (1) Computing Solutions segment includes microprocessors, chipsets and embedded processors.
(2) Graphics segment includes graphics, video and multimedia products developed for use in desktop and notebook computers, including home media PCs, professional workstations, servers and also includes royalties received in
connection with the sale of game console systems that incorporate the Company’s graphics technology.
(3) Foundry segment includes the operating results attributable to the front end wafer manufacturing operations and related activities as of the beginning of the first quarter of 2009, which includes the operating results of
GLOBALFOUNDRIES from March 2, 2009 through March 28, 2009. Prior periods have not been recast.
(4) All Other category includes non-Foundry segment employee stock-based compensation expense and certain operating expenses and credits that are not allocated to the operating segments. Also included in this category are
charges for the impairment of goodwill and acquired intangible assets for prior periods, amortization of acquired intangible assets, restructuring and AMD Product Company formation costs associated with
GLOBALFOUNDRIES. Details of these significant items are shown below. The All Other category also includes the results of our Handheld business.
Employee stock-based compensation expense, ATI acquisition-related charges, restructuring charges and AMD Product Company formation costs associated with GLOBALFOUNDRIES:
Quarter Ended
Q109 Q408 Q108
Employee stock-based compensation expense $ 17 $ 20 $ 21
Impairment of goodwill and acquired intangible assets - 684 -
Amortization of acquired intangible assets 18 30 40
Restructuring charges 60 50 -
AMD Product Company formation costs associated with
GLOBALFOUNDRIES 21 23 -
$ 116 $ 807 $ 61
(5) Represents intersegment eliminations of $283 million in revenue and $275 million in cost of sales and profits on inventory between AMD Product Company and the Foundry segment.
(6) AMD reconciliation of net income (loss) attributable to AMD common stockholders to AMD Product Company (excluding Foundry segment and intersegment eliminations) Adjusted EBITDA*
Quarter Ended
Q109
Net income (loss) attributable to AMD common stockholders $ (416)
Net income (loss) attributable to noncontrolling interest (6)
Class B preferred accretion 8
Foundry segment and intersegment eliminations net loss 317
AMD Product Company net income (loss) $ (97)
Depreciation and amortization 105
Amortization of acquired intangible assets 18
Interest expense 74
Provision (benefit) for income taxes (1)
Adjusted EBITDA $ 99
AMD reconciliation of net income (loss) attributable to AMD common stockholders to Adjusted EBITDA*
Quarter Ended
Q109 Q408 Q108
Net income (loss) attributable to AMD common stockholders $ (416) $ (1,443) $ (364)
Impairment of goodwill and acquired intangible assets - 684 -
Depreciation and amortization 262 271 266
Amortization of acquired intangible assets 18 30 40
Interest expense 97 95 101
Provision (benefit) for income taxes 116 69 -
Income (loss) from discontinued operations, net of tax - 10 30
Adjusted EBITDA $ 77 $ (284) $ 73
(7) Reconciliation of select balance sheet items
Cash, cash
equivalents and
marketable securities Total Assets Long-term debt
AMD Product Company $ 1,599 $ 4,536 $ 3,711
Foundry segment and intersegment eliminations 1,120 4,516 1,717
AMD $ 2,719 $ 9,052 $ 5,428
*The Company defines Adjusted EBITDA as net income (loss) attributable to AMD common stockholders adjusted for impairment of goodwill and acquired intangible assets, depreciation and amortization, amortization of acquired intangible assets,
interest expense, taxes and discontinued operations. AMD Product Company's adjusted EBITDA is also adjusted for the Foundry segment and intersegment eliminations net income (loss), net income (loss) attributable to noncontrolling interest and class
B preferred accretion. The Company calculates and communicates Adjusted EBITDA because management believes it is of interest to investors and lenders in relation to its overall capital structure and its ability to borrow additional funds. 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 U.S. GAAP operating measure
of net income or U.S. 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.