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 --------------------------------------------------------------------------------------------------------------------