-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q7xt1ofwnCq0z60jtfHA4pVo95lsa3XziLvxBsQ9a404bfjzIlTYD/CuI12QTbg5 bg6IxdU4gMVepM4/gRDYCg== 0001012870-02-001939.txt : 20020424 0001012870-02-001939.hdr.sgml : 20020424 ACCESSION NUMBER: 0001012870-02-001939 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020417 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCED MICRO DEVICES INC CENTRAL INDEX KEY: 0000002488 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 941692300 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07882 FILM NUMBER: 02619392 BUSINESS ADDRESS: STREET 1: ONE AMD PL STREET 2: MS 68 CITY: SUNNYVALE STATE: CA ZIP: 94088-3453 BUSINESS PHONE: 4087322400 MAIL ADDRESS: STREET 1: ONE AMD PLACE STREET 2: MS 68 CITY: SUNNYVALE STATE: CA ZIP: 94088-3450 8-K 1 d8k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (date of earliest event reported): April 17, 2002 ADVANCED MICRO DEVICES, INC. ---------------------------- (Exact name of registrant as specified in its charter) DELAWARE 1-7882 94-1692300 --------- --------- ---------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) One AMD Place, P.O. Box 3453 Sunnyvale, California 94088-3453 - ---------------------------------------- ---------- (address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (408) 732-2400 -------------- Item 5. Other Events. - ------- ------------- On April 17, 2002, AMD reported sales of $902,073,000 and a net loss of $9,163,000 for the quarter ended March 31, 2002. The net loss amounted to $0.03 per share. The company reported record unit sales of PC processors during the quarter. Total sales declined by 24 percent from the like period of 2001 and by 5 percent from the fourth quarter of 2001. In the first quarter of 2001, AMD reported total sales of $1,188,747,000 and net income of $124,837,000, which amounted to $0.37 per diluted share. In the fourth quarter of 2001, AMD reported net sales of $951,873,000, and a net loss of $15,842,000, or $0.05 per share. AMD sold a record 8 million PC processors in the first quarter of 2002. Total PC processor sales of $684 million for the quarter grew by 3 percent compared to $661 million in the like period of 2001. Processor sales declined by 3 percent from the record $703 million reported in the seasonally strong fourth quarter of 2001. Sales of AMD memory products, principally flash memory devices, continued to be weak, amounting to $160 million, compared to $411 million in the like period a year ago and $196 million in the fourth quarter of 2001. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. - ------- ------------------------------------------------------------------- (c) Exhibits Number Exhibit ------ ------- 99.1 Financial Statements SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ADVANCED MICRO DEVICES, INC. Date: April 23, 2002 By: /s/ Robert J. Rivet ------------------------------------ Robert J. Rivet Senior Vice President, Chief Financial Officer Exhibit Index ------------- Number Exhibit ------ ------- 99.1 Financial Statements EX-99.1 3 dex991.txt FINANCIAL STATEMENTS Exhibit 99.1 Advanced Micro Devices, Inc. CONSOLIDATED BALANCE SHEETS (Thousands)
March 31, Dec. 30, 2002 2001* - ----------------------------------------------------------------------------------------------------------------------- (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 - ----------------------------------------------------------------------------------------------------------------------- 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 - ----------------------------------------------------------------------------------------------------------------------- $5,964,942 $5,647,242 ======================================================================================================================= 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 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- Total stockholders' equity 3,509,603 3,555,055 - ----------------------------------------------------------------------------------------------------------------------- $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) - -------------------------------------------------------------------------------------------------------------------- March 31, Dec. 30, Apr. 1, 2002 2001 2001 - -------------------------------------------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------------------------------------------- 915,616 969,217 1,021,728 - -------------------------------------------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------------------------------------------- Net income (loss) $ (9,163) $ (15,842) $ 124,837 - -------------------------------------------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------------------------------------------- Shares used in per share calculation - Basic 340,806 340,119 314,347 - Diluted 340,806 340,119 351,785 - --------------------------------------------------------------------------------------------------------------------
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