AMD 2003 Annual Report Download - page 37

Table of Contents
Principal contractual cash obligations that are recorded on our consolidated balance sheets at December 28, 2003 were:
Payments due by period
Total 2004 2005 2006 2007 2008
2009 and
beyond
(Thousands)
4.75% Convertible Senior Debentures Due
2022 $ 500,000 $ — $ — $ — $ — $ — $ 500,000
4.50% Convertible Senior Notes Due 2007 402,500 — — — 402,500 — —
Dresden Term Loan 664,056 37,307 335,759 290,990 — — —
July 2003 FASL Term Loan 72,500 27,500 27,500 17,500 — — —
FASL JAPAN Term Loan 167,926 44,780 44,780 44,780 33,586 — —
Fujitsu cash note 40,000 — 10,000 30,000 — — —
Capital lease obligations 245,958 83,680 84,022 74,228 3,899 129 —
Other long-term liabilities 116,091 — 33,911 15,262 15,555 16,123 35,240
Total Principal Contractual Cash Obligations $ 2,209,031 $ 193,267 $ 535,972 $ 472,760 $ 455,540 $ 16,252 $ 535,240
Guarantees of Indebtedness Recorded on our Consolidated Balance Sheets
The following table summarizes the principal guarantees issued as of December 28, 2003 related to underlying liabilities that are already recorded on our
consolidated balance sheets as of December 28, 2003 and their expected expiration dates by year:
Amounts of guarantee expiration per period
Amounts
Guaranteed* 2004 2005 2006 2007 2008
2009 and
Beyond
(Thousands)
Dresden intercompany guarantee $ 332,028 $ 18,653 $ 167,880 $ 145,495 $ — $ — $ —
July 2003 FASL Term Loan guarantee 43,500 16,500 16,500 10,500 — — —
FASL JAPAN Term Loan guarantee 100,756 26,868 26,868 26,868 20,152 — —
FASL capital lease guarantees 147,303 53,655 49,494 40,422 3,732 — —
Total guarantees $ 623,587 $ 115,676 $ 260,742 $ 223,285 $ 23,884 $ — $ —
* Represent the principal amount of the underlying obligations guaranteed and are exclusive of obligations for interest, fees and expenses.
4.75% Convertible Senior Debentures Due 2022
On January 29, 2002, we issued $500 million of our 4.75% Convertible Senior Debentures Due 2022 (the 4.75% Debentures) in a private offering pursuant
to Rule 144A and Regulation S of the Securities Act.
The interest rate payable on the 4.75% Debentures will reset on August 1, 2008, August 1, 2011 and August 1, 2016 to a rate per annum equal to the
interest rate payable 120 days prior to the reset dates on 5-year U.S. Treasury Notes, plus 43 basis points. The interest rate will not be less than 4.75 percent and
will not exceed 6.75 percent. Holders have the right to require us to repurchase all or a portion of our 4.75% Debentures on February 1, 2009, February 1, 2012,
and February 1, 2017. The holders of the 4.75% Debentures also have the ability to require us to repurchase the 4.75% Debentures in the event that we undergo
specified fundamental changes, including a change of control. In each such case, the redemption or repurchase price would be 100 percent of the principal
amount of the 4.75% Debentures plus accrued and unpaid interest. The 4.75% Debentures are convertible by the holders into our common stock at a conversion
price of $23.38 per share at any
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Source: ADVANCED MICRO DEVIC, 10-K, March 09, 2004