Advanced Micro Devices, Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 29, 2012; Provides Revenue Guidance for the First Quarter of 2013
January 23, 2013 at 02:45 am IST
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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.
Advanced Micro Devices, Inc. specializes in the design, manufacturing and marketing of semiconductors and microprocessors. The group sells processors, chips, cards, connection products, adapters, etc. intended primarily for computers, servers, workstations, telephones, and game consoles.
Net sales are distributed geographically as follows: the United States (34.6%), China (15.1%), Japan (20.4%), Singapore (9.8%), Europe (8.9%), Taiwan (8.1%) and others (3.1%).
Advanced Micro Devices, Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 29, 2012; Provides Revenue Guidance for the First Quarter of 2013