Item 6. SELECTED FINANCIAL DATA

3K characters. Original on sec.gov · Markdown

Item 6. SELECTED FINANCIAL DATA

2019**(1)**2018**(1)**2017**(1)(2)**2016**(1)(2)**2015**(1)**
In millions except per share amounts
Net revenue$6,731$6,475$5,253$4,319$3,991
Net income (loss) (3)(4)$341$337$(33)$(498)$(660)
Earnings (loss) per share
Basic$0.31$0.34$(0.03)$(0.60)$(0.84)
Diluted$0.30$0.32$(0.03)$(0.60)$(0.84)
Shares used in per share calculation
Basic1,091982952835783
Diluted1,1201,064952835783
Long-term debt, net and other long-term liabilities (5)$643$1,306$1,443$1,559$2,093
Total assets$6,028$4,556$3,552$3,328$3,084
(1)2019, 2018, 2017, and 2015 each consisted of 52 weeks, whereas 2016 consisted of 53 weeks.
(2)2017 and 2016 amounts adjusted to reflect the retrospective application of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers.
(3)In 2016, we recorded a charge of $340 million in Cost of sales, consisting of the $240 million value of the warrant under a warrant agreement and the $100 million payment, which were both associated with the sixth amendment to the WSA. In addition, we recorded a cumulative pre-tax gain of $146 million on the sale of our 85% equity interest in the ATMP JV.
(4)In 2015, we implemented restructuring plans and incurred net charges of $53 million, which primarily consisted of severance and related employee benefits. In addition, we exited the dense server systems business, formerly Sea Micro, Inc., resulting in a charge of $76 million in restructuring and other special charges, net. Also, we recorded an inventory write-down of $65 million, which was primarily the result of lower anticipated demand for older-generation APUs, and a technology node transition charge of $33 million.
(5)In 2019, we reduced our long-term debt, net and other long term liabilities by $663 million, primarily due to $628 million of net debt conversion and repayment. In 2016, we reduced our long-term debt, net and other long term liabilities by $534 million, primarily due to $1,048 million of net debt repayment, partially offset by the issuance of $805 million in principal amount of 2.125% Notes net of unamortized discount of $308 million and unamortized issuance cost of $14 million.

Previous: Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES · Next: Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS