AMD 1996 Annual Report Download - page 239

In 1996 and 1995, other income primarily consisted of gains resulting from the
sales of equity investments. In 1994, other loss primarily consisted of the $33
million settlement cost related to the class action lawsuits and stockholders'
derivative action offset by an $18 million gain resulting from an award of
damages in the arbitration proceedings with Intel. Also included in other income
(loss) for all years presented is the net gain (loss) on the sale of assets.
NOTE 11. FOREIGN AND DOMESTIC OPERATIONS
AMD manufactures and markets standard lines of products. The Company's products
include a wide variety of industry-standard ICs which are used in many diverse
product applications such as telecommunications equipment, data and network
communications equipment, consumer electronics, PCs and workstations.
Operations outside the United States include both manufacturing and sales.
Manufacturing subsidiaries are located in Malaysia, Thailand and Singapore.
Sales subsidiaries are in Europe and Asia Pacific.
The following is a summary of operations by entities within geographic areas for
the three years ended December 29, 1996:
(Thousands) 1996 1995 1994
----------------------------------------
Sales to unaffiliated customers:
North America $1,418,871 $1,780,240 $1,544,844
Europe 378,136 491,293 483,632
Asia Pacific 156,012 196,846 126,977
---------- ---------- ----------
$1,953,019 $2,468,379 $2,155,453
========== ========== ==========
Transfers between geographic areas
(eliminated in consolidation):
North America $ 578,581 $ 743,117 $ 563,303
Asia Pacific 383,684 396,158 323,050
---------- ---------- ----------
$ 962,265 $1,139,275 $ 886,353
========== ========== ==========
Operating income (loss):
North America $ (289,324) $ 164,549 $ 423,027
Europe (3,905) 18,922 15,860
Asia Pacific 39,919 38,729 30,148
---------- ---------- ----------
$ (253,310) $ 222,200 $ 469,035
========== ========== ==========
Identifiable assets:
North America $2,644,368 $2,636,675 $2,170,099
Europe 154,288 85,664 120,070
Asia Pacific 514,880 463,530 361,144
Eliminations (168,253) (107,402) (125,592)
---------- ---------- ----------
$3,145,283 $3,078,467 $2,525,721
========== ========== ==========
U.S. export sales:
Asia Pacific $ 344,050 $ 485,625 $ 436,120
Europe 157,647 206,328 126,752
---------- ---------- ----------
$ 501,697 $ 691,953 $ 562,872
========== ========== ==========
Sales to unaffiliated customers are based on the location of the Company's
subsidiary. Transfers between geographic areas consist of products and services
that are sold at amounts generally above cost and are consistent with governing
tax regulations. Operating income (loss) is total sales less operating expenses.
Identifiable assets are those assets used in each geographic area. Export sales
are United States foreign direct sales to unaffiliated customers primarily in
Europe and Asia Pacific.
NOTE 12. STOCK-BASED BENEFITPLANS
STOCK OPTION PLANS
The Company has several stock option plans under which key employees have been
granted incentive (ISOs) and nonqualified (NSOs) stock options to purchase the
Company's common stock. Generally, options are exercisable within four years
from the date of grant and expire five to ten years after the date of grant.
ISOs granted under the plans have exercise prices of not less
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Source: ADVANCED MICRO DEVIC, 10-K, March 20, 1997