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
 
    
  
  
*
 
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)
     
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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