超威半导体公司Advanced Micro Devices, Inc. (AMD) 2005年年度报告「NASDAQ」.pdf

1、2005 ANNUAL REPORT ON FORM 10-KTo view the AMD 2005 Annual Corporate Overview,visit contained on this Web site is not incorporated by reference in,or considered to be part of,the2005 Annual Report on Form 10-K.To our shareholders,When you look at todays world-class technology product companies,I bel

2、ieve three essential characteristics areconsistent among all of them.First,they deliver innovative products and technologies that customers want.Second,they have established a proven track record of fast,efficient manufacturing execution.And third,theyhave a bold vision of where to take their busine

3、ss,and often their industry,in the future.It is my sincere belief that AMD is a world-class company.All the piecesfrom people to products toprocessesare in place.Now its up to us to extend our leadership in the eyes of our customers and our businesspartners.We will do that by continuing to build on

4、our many achievements in 2005.Corporate ResultsOne of our most notable achievements in 2005 was the revenue growth we experienced and the consistentimprovement in our financial results.Annual sales rose 17 percent compared with 2004,to$5.8 billion,whileoperating income reached$232 million,an improve

5、ment of four percent compared with 2004.As ofDecember 25,2005,we grew our cash,cash equivalents,and short-term investments to approximately$1.8 billion,reduced our debt and significantly lowered our debt-to-capital ratio to 28 percent.Excluding theresults of the Memory Products Group segment,AMDs fi

6、nancial performance was even more impressive.Salesof$3.9 billion for the year increased 48 percent from comparable sales in 2004,resulting in a near tripling ofoperating income to$543 million for 2005.Comparable sales in 2004 were$2.7 billion,resulting in operatingincome of$187 million.*While these