Exhibit 99.1
Advanced Micro Devices, Inc.
CONSOLIDATED BALANCE SHEETS
(Thousands)
March 31, Dec. 30,
2002 2001*
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(unaudited)
Assets
Current assets:
Cash, cash equivalents and short-term investments $1,276,723 $ 869,997
Accounts receivable, net 692,165 659,783
Inventories 376,795 380,474
Deferred income taxes 162,820 155,898
Prepaid expenses and other current assets 151,377 286,957
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Total current assets 2,659,880 2,353,109
Property, plant and equipment, net 2,769,234 2,739,138
Investment in joint venture 353,352 363,611
Other assets 182,476 191,384
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$5,964,942 $5,647,242
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Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 383,495 $ 304,990
Accrued compensation and benefits 133,401 129,042
Accrued liabilities 321,953 443,995
Income taxes payable 56,113 56,234
Deferred income on shipments to distributors 68,016 47,978
Current portion of long-term debt, capital
lease obligations and other 264,029 331,698
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Total current liabilities 1,227,007 1,313,937
Deferred income taxes 104,661 105,305
Long-term debt, capital lease obligations and other,
less current portion 1,123,671 672,945
Stockholders' equity:
Capital stock:
Common stock, par value 3,414 3,405
Capital in excess of par value 1,898,349 1,889,217
Retained earnings 1,786,517 1,795,680
Accumulated other comprehensive loss (178,677) (133,247)
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Total stockholders' equity 3,509,603 3,555,055
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$5,964,942 $5,647,242
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* Derived from the December 30, 2001 audited financial statements of Advanced
Micro Devices, Inc.
Exhibit 99.1
Advanced Micro Devices, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Thousands except per share amounts)
Quarter Ended
(Unaudited)
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March 31, Dec. 30, Apr. 1,
2002 2001 2001
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Net sales $902,073 $ 951,873 $1,188,747
Cost of sales 586,874 644,662 714,830
Research and development 171,882 160,871 157,760
Marketing, general and
administrative 156,860 163,684 149,138
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915,616 969,217 1,021,728
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Operating income (loss) (13,543) (17,344) 167,019
Interest and other income, net 9,538 5,784 18,823
Interest expense (12,158) (9,570) (21,645)
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Income (loss) before income taxes and equity in
net income (loss) of joint venture (16,163) (21,130) 164,197
Provision (benefit) for income taxes (4,041) (5,705) 52,543
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Income (loss) before equity in net income
(loss) of joint venture (12,122) (15,425) 111,654
Equity in net income (loss) of
joint venture 2,959 (417) 13,183
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Net income (loss) $ (9,163) $ (15,842) $ 124,837
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Net income (loss) per common share
Basic:
Net income (loss) $ (0.03) $ (0.05) $ 0.40
Diluted:
Net income (loss) $ (0.03) $ (0.05) $ 0.37
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Shares used in per share calculation
- Basic 340,806 340,119 314,347
- Diluted 340,806 340,119 351,785
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