AMD Reports Q4 09 results – Intel to the rescue?
The net favorable impact is naturally, a direct result of the settlement that AMD had received from Intel. So, if you subtract the net favorable impact from the operating income… you’re only left with a real operating income of $64 million dollars on revenue of $1.646 Billion. But then you also have to subtract another $110 million to compensate for things like interest and taxes. This means that in 4Q 09 - AMD actually lost $46 Million. In which case, yet again, under GAAP AMD is not pulling in a profit. If you were to follow non-GAAP under AMD’s estimates they are pulling in a profit of $80 Million dollars… but that is insignificant.
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