AMD 2003 Annual Report Download - page 64

Table of Contents
Consolidated Balance Sheets
December 28,
2003
December 29,
2002
(Thousands except par value
and share amounts)
ASSETS
Current Assets:
Cash and cash equivalents $ 968,183 $ 289,839
Compensating balance 217,621 107,859
Short-term investments 127,563 608,957
Total cash and cash equivalents, compensating balance and short-term investments 1,313,367 1,006,655
Accounts receivable 442,217 414,734
Accounts receivable from related party (see Note 3) 187,898 —
Allowance for doubtful accounts (20,658) (18,906)
Total accounts receivable, net 609,457 395,828
Inventories:
Raw materials 42,925 22,741
Work-in-process 504,861 254,957
Finished goods 149,872 154,905
Total inventories 697,658 432,603
Deferred income taxes 102,651 91,137
Prepaid expenses and other current assets 177,145 184,592
Total current assets 2,900,278 2,110,815
Property, plant and equipment:
Land 61,002 34,443
Buildings and leasehold improvements 2,277,947 1,392,972
Equipment 7,581,241 5,256,502
Construction in progress 152,204 355,746
Total property, plant and equipment 10,072,394 7,039,663
Accumulated depreciation and amortization (6,223,902) (4,158,854)
Property, plant and equipment, net 3,848,492 2,880,809
Investment in Manufacturing Joint Venture — 382,942
Other assets 345,575 335,752
Total assets $ 7,094,345 $ 5,710,318
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Notes payable to banks $ — $ 913
Accounts payable 460,271 352,438
Accounts payable to related party (see Note 3) 32,345 —
Accrued compensation and benefits 160,644 131,324
Accrued liabilities 327,122 435,657
Restructuring accruals, current portion 29,770 99,974
Income taxes payable 41,370 21,246
Deferred income on shipments to distributors 116,949 57,184
Current portion of long-term debt and capital lease obligations 193,266 71,348
Other current liabilities 90,533 89,428
Total current liabilities 1,452,270 1,259,512
Deferred income taxes 157,690 91,137
Long-term debt and capital lease obligations, less current portion 1,859,674 1,568,707
Long-term debt payable to related party (see Note 3) 40,000 —
Other long-term liabilities 428,761 323,697
Minority interest 717,640 —
Commitments and contingencies
Stockholders’ equity:
Capital stock:
Common stock, par value $0.01; 750,000,000 shares authorized in 2003 and 2002; shares issued: 357,119,809 in 2003 and
351,442,331 in 2002; shares outstanding: 350,252,591 in 2003 and 344,528,152 in 2002 3,502 3,445
Capital in excess of par value 2,051,254 2,014,464
Treasury stock, at cost (6,867,218 shares in 2003 and 6,914,179 shares in 2002) (92,421) (93,217)
Retained earnings 217,891 492,668
Accumulated other comprehensive income 258,084 49,905
Total stockholders’ equity 2,438,310 2,467,265
Total liabilities and stockholders’ equity $ 7,094,345 $ 5,710,318
See accompanying notes
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Source: ADVANCED MICRO DEVIC, 10-K, March 09, 2004