Exhibit 99.1

 

Advanced Micro Devices, Inc.

 

CONSOLIDATED BALANCE SHEETS

(Thousands)

 

		June 30, 2002			March 31, 2002				Dec. 30, 2001*
		(unaudited)			(unaudited)
ASSETS
Current assets:
Cash, cash equivalents and short-term investments		$	1,099,943		$	1,276,723			$	869,997
Accounts receivable, net			534,929			692,165				659,783
Inventories			380,078			376,795				380,474
Deferred income taxes			236,152			162,820				155,898
Prepaid expenses and other current assets			166,963			151,377				286,957
Total current assets			2,418,065			2,659,880				2,353,109
Property, plant and equipment, net			2,934,877			2,769,234				2,739,138
Investment in joint venture			378,164			353,352				363,611
Other assets			171,936			182,476				191,384
		$	5,903,042		$	5,964,942			$	5,647,242
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable		$	258,641		$	383,495			$	304,990
Accrued compensation and benefits			128,641			133,401				129,042
Accrued liabilities			343,289			321,953				443,995
Income taxes payable			37,824			56,113				56,234
Deferred income on shipments to distributors			38,381			68,016				47,978
Current portion of long-term debt, capital lease obligations and other			367,360			264,029				331,698
Total current liabilities			1,174,136			1,227,007				1,313,937
Deferred income taxes			75,438			104,661				105,305
Long-term debt, capital lease obligations and other, less current portion			1,141,060			1,123,671				672,945
Stockholders’ equity:
Capital stock:
Common stock, par value			3,423			3,414				3,405
Capital in excess of par value			1,906,952			1,898,349				1,889,217
Retained earnings			1,601,580			1,786,517				1,795,680
Accumulated other comprehensive income (loss)			453			(178,677	)			(133,247	)
Total stockholders’ equity			3,512,408			3,509,603				3,555,055
		$	5,903,042		$	5,964,942			$	5,647,242

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*

Derived from the December 30, 2001 audited financial statements of Advanced Micro Devices, Inc.

 

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Exhibit 99.1

 

Advanced Micro Devices, Inc.

 

CONSOLIDATED STATEMENTS OF OPERATIONS

(Thousands except per share amounts)

 

		Quarter Ended (Unaudited)												Six Months Ended (Unaudited)
		June 30, 2002				March 31, 2002				July 1, 2001				June 30, 2002				July 1, 2001
Net sales		$	600,299			$	902,073			$	985,264			$	1,502,372			$	2,174,011
Cost of sales			558,290				586,874				636,199				1,145,164				1,351,029
Research and development			178,425				171,882				171,114				350,307				328,874
Marketing, general and administrative			160,248				156,860				156,291				317,108				305,429
			896,963				915,616				963,604				1,812,579				1,985,332
Operating income (loss)			(296,664	)			(13,543	)			21,660				(310,207	)			188,679
Interest and other income, net			8,661				9,538				12,308				18,199				31,131
Interest expense			(15,729	)			(12,158	)			(20,199	)			(27,887	)			(41,844	)
Income (loss) before income taxes and equity in net income (loss) of joint venture			(303,732	)			(16,163	)			13,769				(319,895	)			177,966
Provision (benefit) for income taxes			(121,493	)			(4,041	)			3,717				(125,534	)			56,260
Income (loss) before equity in net income (loss) of joint venture			(182,239	)			(12,122	)			10,052				(194,361	)			121,706
Equity in net income (loss) of joint venture			(2,699	)			2,959				7,300				260				20,483
Net Income (loss)		$	(184,938	)		$	(9,163	)		$	17,352			$	(194,101	)		$	142,189
Net income (loss) per common share
Basic:
Net Income (loss)		$	(0.54	)		$	(0.03	)		$	0.05			$	(0.57	)		$	0.44
Diluted:
Net income (loss)		$	(0.54	)		$	(0.03	)		$	0.05			$	(0.57	)		$	0.43
Shares used in per share calculation
—Basic			341,782				340,806				330,120				341,294				322,234
—Diluted			341,782				340,806				340,533				341,294				332,183

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