Advanced Micro Devices, Inc. announced consolidated earnings results for the fourth quarter and full year ended December 28, 2013. For the quarter, the company reported net revenue of $1.589 billion, an operating income of $135 million, income before income taxes of $90 million, and a net income of $89 million, or $0.12 per basic and diluted share compared to net revenue of $1.155 billion, an operating loss of $422 million, loss before income taxes of $469 million, and a net loss of $473 million, or $0.63 per basic and diluted share a year ago. Adjusted EBITDA was $165 million against $32 million a year ago. Non-GAAP net income was $45 million or $0.06 per share against non-GAAP net loss of $102 million or $0.14 per share a year ago. Non-GAAP operating income was $91 million against non-GAAP operating loss of $55 million a year ago.

For the year ended December 28, 2013, the company reported net revenue of $5.299 billion, an operating income of $103 million, loss before income taxes of $74 million, and a net loss of $83 million, or $0.11 per basic and diluted share compared to net revenue of $5.422 billion, an operating loss of $1,056 million, loss before income taxes of $1,217 million, and a net loss of $1,183 million, or $1.60 per basic and diluted share a year ago. Net cash provided by operating activities were $21 million against net cash used in operating activities of $148 million a year ago. Purchases of property, plant and equipment was $21 million against $84 million a year ago. Adjusted EBITDA was $412 million against $389 million a year ago. Non-GAAP negative free cash flow was $232 million against $471 million a year ago. Non-GAAP net loss was $83 million or $0.11 per share against non-GAAP net loss of $114 million or $0.16 per share a year ago. Non-GAAP operating income was $103 million against $45 million a year ago.

The company expects its first-quarter revenue to decrease 13% to 19% from the fourth quarter. That would translate into revenue ranging from $1.29 billion to $1.38 billion for the opening quarter of the year; Non-GAAP gross margin to be approximately 35%.

For 2014, the company expects to grow revenue; Capital expenditures of approximately $120 million for the year; to generate positive free cash flow for the year; to be net income profitable for the year.