AMD 2003 Annual Report Download - page 88

Table of Contents
For each of the next five years and beyond, the Company’s debt and capital lease payment obligations are:
Long-term debt
(Principal only)
Capital
leases Total
(Thousands)
2004 $ 109,587 $ 94,102 $ 203,689
2005 418,039 90,048 508,087
2006 383,270 75,669 458,939
2007 436,086 3,939 440,025
2008 — 129 129
Beyond 2008 500,000 — 500,000
Total 1,846,982 263,887 2,110,869
Less: amount representing interest — 17,929 17,929
Total at present value $ 1,846,982 $ 245,958 $ 2,092,940
NOTE 8: Interest Income and Other, Net & Interest Expense
Interest Income and Other, Net
2003 2002 2001
(Thousands)
Interest income $ 19,702 $ 35,390 $ 56,424
Other income (loss), net 1,414 (3,258) (30,729)
$ 21,116 $ 32,132 $ 25,695
Other income (loss), net, in 2003, 2002, and 2001 consisted of charges for other than temporary declines in the value of the Company’s marketable debt
and equity securities investments totaling approximately $2.3 million, $4.7 million and $27 million. In addition, interest income and other, net, in 2003 included
a gain of approximately $6 million resulting from the partial sale of assets in connection with the formation of FASL LLC (see Note 3).
Interest Expense
2003 2002 2001
(Thousands)
Total interest charges $ 111,433 $ 82,060 $ 68,403
Less: interest capitalized (1,473) (10,711) (7,043)
Interest expense $ 109,960 $ 71,349 $ 61,360
In 2003, interest expense consisted primarily of interest incurred under the Dresden Loan Agreements, interest on the Company’s 4.75% Debentures issued
in January 2002 and 4.50% Notes issued in November 2002, interest on the July 2003 FASL Term Loan and interest on other FASL LLC’s long-term debt and
capital lease obligations. In 2002, interest expense consisted primarily of interest incurred under the Dresden Loan Agreements and interest on the Company’s
4.75% Debentures issued in January 2002. In 2001, interest expense consisted primarily of interest incurred under the Dresden Loan Agreements and interest on
the Company’s 6% Convertible Subordinated Notes due 2005 issued in May 1998, which were redeemed in May 2001. Interest capitalized is associated with
conversion of Fab 25 to a Flash memory facility and facilitization activities at Fab 30.
82
Source: ADVANCED MICRO DEVIC, 10-K, March 09, 2004