Exhibit 99.1
Advanced Micro Devices, Inc.
CONSOLIDATED BALANCE SHEETS
(Thousands)
Dec. 30, Sept. 30, December 31,
2001 2001 2000*
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(unaudited) (unaudited)
Assets
Current assets:
Cash, cash equivalents and short-term investments $ 869,997 $ 903,534 $ 1,293,165
Accounts receivable, net 659,783 588,563 547,200
Inventories 380,474 449,078 343,541
Deferred income taxes 155,898 168,846 218,527
Prepaid expenses and other current assets 286,957 289,722 255,256
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Total current assets 2,353,109 2,399,743 2,657,689
Property, plant and equipment, net 2,739,138 2,715,292 2,636,467
Investment in joint venture 363,611 396,351 261,728
Other assets 191,384 227,819 211,851
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$ 5,647,242 $ 5,739,205 $ 5,767,735
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Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 304,990 $ 369,064 $ 477,369
Accrued compensation and benefits 129,042 143,987 172,815
Accrued liabilities 443,995 382,797 276,721
Income tax payable 56,234 49,591 74,806
Deferred income on shipments to distributors 47,978 34,620 92,828
Current portion of long-term debt, capital
lease obligations and other 331,698 192,487 129,570
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Total current liabilities 1,313,937 1,172,546 1,224,109
Deferred income taxes 105,305 139,850 203,986
Long-term debt, capital lease obligations and other,
less current portion 672,945 796,021 1,167,973
Stockholders' equity:
Capital stock:
Common stock, par value 3,405 3,471 3,141
Capital in excess of par value 1,889,217 1,959,483 1,406,290
Retained earnings 1,795,680 1,811,522 1,856,261
Accumulated other comprehensive loss (133,247) (74,851) (94,025)
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Total stockholders' equity 3,555,055 3,630,788 3,171,667
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$ 5,647,242 $ 5,739,205 $ 5,767,735
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*Derived from the December 31, 2000 audited financial statements of Advanced
Micro Devices, Inc.
Advanced Micro Devices, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Thousands except per share amounts)
Quarter Ended Year Ended
(Unaudited) (Unaudited)
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Dec. 30, Sept. 30, Dec. 31, Dec. 30, Dec. 31,
2001 2001 2000 2001 2000*
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Net sales $ 951,873 $ 765,870 $1,175,172 $3,891,754 $4,644,187
Cost of sales 644,662 594,056 657,303 2,589,747 2,514,637
Research and development 160,871 161,185 162,088 650,930 641,799
Marketing, general and administrative 163,684 150,918 160,753 620,030 599,015
Restructuring and other special charges - 89,305 - 89,305 -
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969,217 995,464 980,144 3,950,012 3,755,451
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Operating income (loss) (17,344) (229,594) 195,028 (58,258) 888,736
Gain on sale of Legerity - - - - 336,899
Interest and other income (expense), net 5,784 (11,220) 25,449 25,695 86,301
Interest expense (9,570) (9,946) (19,933) (61,360) (60,037)
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Income (loss) before income taxes, equity in
joint venture and extraordinary item (21,130) (250,760) 200,544 (93,923) 1,251,899
Provision (benefit) for income taxes (5,705) (65,018) 30,082 (14,463) 256,868
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Income (loss) before equity in joint
venture and extraordinary item (15,425) (185,742) 170,462 (79,460) 995,031
Equity in net income (loss) in joint venture (417) (1,187) 7,570 18,879 11,039
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Income (loss) before extraordinary item (15,842) (186,929) 178,032 (60,581) 1,006,070
Extraordinary item - loss on debt retirement,
net of tax benefit - - 64 - 23,044
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Net income (loss) $ (15,842) $(186,929) $ 177,968 $ (60,581) $ 983,026
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Net income (loss) per common share
Basic:
Income (loss) before extraordinary item $ (0.05) $ (0.54) $ 0.57 $ (0.18) $ 3.25
Net income (loss) $ (0.05) $ (0.54) $ 0.57 $ (0.18) $ 3.18
Diluted:
Income (loss) before extraordinary item $ (0.05) $ (0.54) $ 0.53 $ (0.18) $ 2.95
Net income (loss) $ (0.05) $ (0.54) $ 0.53 $ (0.18) $ 2.89
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Shares used in per share calculation
- Basic 340,119 345,044 313,501 332,407 309,331
- Diluted 340,119 345,044 349,782 332,407 350,000
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*Derived from the December 31, 2000 audited financial statements of Advanced
Micro Devices, Inc.