Advanced Micro Devices, Inc. announced consolidated earnings results for the fourth quarter and full year ended December 29, 2012. For the quarter, the company reported net revenue of $1.16 billion, an operating loss of $422 million, and a net loss of $473 million, or $0.63 per share. Loss before dilution gain in investee and income taxes was $469 million against $177 million a year ago. Loss from continuing operations was $473 million against $173 million a year ago. Adjusted EBITDA was $30 million against $260 million a year ago. Net cash used in operating activities were $286 million against net cash flow from operating activities of $187 million a year ago. Purchases of property, plant and equipment was $22 million against $87 million a year ago. Non-GAAP adjusted negative free cash flow was $308 million against positive free cash flow of $100 million a year ago. The company reported a non-GAAP operating loss of $55 million and a non-GAAP net loss of $102 million, or $0.14 per share.

For the year ended December 29, 2012, the company reported net revenue of $5.42 billion, an operating loss of $1.06 billion and a net loss of $1.18 billion, or $1.60 per share. Loss before dilution gain in investee and income taxes was $1,217 million against $1 million a year ago. Loss from continuing operations was $1,183 million against profit from continuing operations of $495 million a year ago. Adjusted EBITDA was $389 million against $902 million a year ago. Net cash used in operating activities were $338 million against net cash flow from operating activities of $382 million a year ago. Purchases of property, plant and equipment was $133 million against $250 million a year ago. Non-GAAP adjusted negative free cash flow was $471 million against positive free cash flow of $528 a year ago. The full year non-GAAP operating income was $45 million and non-GAAP net loss was $114 million, or $0.16 per share.

The company expects revenue to decrease 9%, plus or minus 3%, sequentially for the first quarter of 2013.