AMD » Topics » AMD reconciliation of net income (loss) attributable to AMD common stockholders to Adjusted EBITDA*

This excerpt taken from the AMD 8-K filed Apr 21, 2009.

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


   $ 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.
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