Exhibit 99.1
 
Advanced Micro Devices, Inc.
CONSOLIDATED BALANCE SHEETS
(Thousands)
 
    
Sept. 29,
2002
     
June 30,
2002
   
Dec. 30,
2001*
  
    
(unaudited)
     
(unaudited)
       
Assets
                         
Current assets:
                         
Cash, cash equivalents and short-term investments
   
$
891,009
 
   
$
1,099,943
   
$
869,997
 
Accounts receivable, net
   
 
428,653
 
   
 
534,929
   
 
659,783
 
Inventories
   
 
420,232
 
   
 
380,078
   
 
380,474
 
Deferred income taxes
   
 
177,321
 
   
 
236,152
   
 
155,898
 
Prepaid expenses and other current assets
   
 
253,616
 
   
 
264,663
   
 
286,957
 
    
  
  
Total current assets
   
 
2,170,831
 
   
 
2,515,765
   
 
2,353,109
 
Property, plant and equipment, net
   
 
2,929,792
 
   
 
2,934,877
   
 
2,739,138
 
Investment in joint venture
   
 
374,408
 
   
 
378,164
   
 
363,611
 
Deferred income taxes
   
 
85,996
 
   
 
—  
   
 
—  
 
Other assets
   
 
170,455
 
   
 
171,936
   
 
191,384
 
    
  
  
    
$
5,731,482
 
   
$
6,000,742
   
$
5,647,242
 
    
  
  
Liabilities and Stockholders’ Equity
                         
Current liabilities:
                         
Accounts payable
   
$
355,576
 
   
$
356,341
   
$
304,990
 
Accrued compensation and benefits
   
 
119,666
 
   
 
128,641
   
 
129,042
 
Accrued liabilities
   
 
389,861
 
   
 
343,289
   
 
443,995
 
Income taxes payable
   
 
38,088
 
   
 
37,824
   
 
56,234
 
Deferred income on shipments to distributors
   
 
34,151
 
   
 
38,381
   
 
47,978
 
Current portion of long-term debt, capital lease obligations and other
   
 
356,517
 
   
 
367,360
   
 
331,698
 
    
  
  
Total current liabilities
   
 
1,293,859
 
   
 
1,271,836
   
 
1,313,937
 
Deferred income taxes
   
 
—  
 
   
 
75,438
   
 
105,305
 
Long-term debt, capital lease obligations and other, less current portion
   
 
1,196,531
 
   
 
1,141,060
   
 
672,945
 
Stockholders’ equity:
                         
Capital stock:
                         
Common stock, par value
   
 
3,435
 
   
 
3,423
   
 
3,405
 
Capital in excess of par value
   
 
1,914,989
 
   
 
1,906,952
   
 
1,889,217
 
Retained earnings
   
 
1,347,408
 
   
 
1,601,580
   
 
1,795,680
 
Accumulated other comprehensive income (loss)
   
 
(24,740
)
   
 
453
   
 
(133,247
)
    
  
  
Total stockholders’ equity
   
 
3,241,092
 
   
 
3,512,408
   
 
3,555,055
 
    
  
  
    
$
5,731,482
 
   
$
6,000,742
   
$
5,647,242
 
    
  
  
 
*
 
Derived from the December 30, 2001 audited financial statements of Advanced Micro Devices, Inc.

 
Advanced Micro Devices, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Thousands except per share amounts)
 
    
Quarter Ended
(Unaudited)
     
Nine Months Ended
(Unaudited)
  
    
Sept. 29,
2002
     
June 30,
2002
     
Sept. 30,
2001
     
Sept. 29,
2002
     
Sept. 30,
2001
  
Net sales
   
$
508,227
 
   
$
600,299
 
   
$
765,870
 
   
$
2,010,599
 
   
$
2,939,881
 
Cost of sales
   
 
453,884
 
   
 
558,290
 
   
 
594,056
 
   
 
1,599,048
 
   
 
1,945,085
 
Research and development
   
 
220,959
 
   
 
178,425
 
   
 
161,185
 
   
 
571,266
 
   
 
490,059
 
Marketing, general and administrative
   
 
158,568
 
   
 
160,248
 
   
 
150,918
 
   
 
475,676
 
   
 
456,346
 
Restructuring and other special charges
   
 
—  
 
   
 
—  
 
   
 
89,305
 
   
 
—  
 
   
 
89,305
 
    
  
  
  
  
    
 
833,411
 
   
 
896,963
 
   
 
995,464
 
   
 
2,645,990
 
   
 
2,980,795
 
    
  
  
  
  
Operating loss
   
 
(325,184
)
   
 
(296,664
)
   
 
(229,594
)
   
 
(635,391
)
   
 
(40,914
)
Interest and other income, net
   
 
12,941
 
   
 
8,661
 
   
 
(11,220
)
   
 
31,140
 
   
 
19,911
 
Interest expense
   
 
(21,166
)
   
 
(15,729
)
   
 
(9,946
)
   
 
(49,053
)
   
 
(51,790
)
    
  
  
  
  
Loss before income taxes and equity in net income (loss) of joint venture
   
 
(333,409
)
   
 
(303,732
)
   
 
(250,760
)
   
 
(653,304
)
   
 
(72,793
)
Benefit for income taxes
   
 
(73,350
)
   
 
(121,493
)
   
 
(65,018
)
   
 
(198,884
)
   
 
(8,758
)
    
  
  
  
  
Loss before equity in net income (loss) of joint venture
   
 
(260,059
)
   
 
(182,239
)
   
 
(185,742
)
   
 
(454,420
)
   
 
(64,035
)
Equity in net income (loss) of joint venture
   
 
5,888
 
   
 
(2,699
)
   
 
(1,187
)
   
 
6,148
 
   
 
19,296
 
    
  
  
  
  
Net loss
   
$
(254,171
)
   
$
(184,938
)
   
$
(186,929
)
   
$
(448,272
)
   
$
(44,739
)
    
  
  
  
  
Net loss per common share
                                             
Basic
   
$
(0.74
)
   
$
(0.54
)
   
$
(0.54
)
   
$
(1.31
)
   
$
(0.14
)
    
  
  
  
  
Diluted
   
$
(0.74
)
   
$
(0.54
)
   
$
(0.54
)
   
$
(1.31
)
   
$
(0.14
)
    
  
  
  
  
Shares used in per share calculation
                                             
Basic
   
 
342,780
 
   
 
341,782
 
   
 
345,044
 
   
 
341,796
 
   
 
329,837
 
    
  
  
  
  
Diluted
   
 
342,780
 
   
 
341,782
 
   
 
345,044
 
   
 
341,796
 
   
 
329,837