AMD 2011 Annual Report Download - page 67

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Net cash used in investing activities was $1.3 billion in 2009 primarily as a result of a net cash outflow of
$883 million for the purchase of available-for-sale securities and $466 million for purchases of property, plant
and equipment, of which $394 million related to property, plant and equipment attributable to the Foundry
segment. This was partially offset by $58 million of proceeds from sale of certain Handheld assets and $14
million of proceeds from the maturity of trading securities.
Financing Activities
Net cash used in financing activities was $6 million in 2011 as a result of payments of $202 million to
repurchase $200 million aggregate principal amount of our 6.00% Notes. This amount was partially offset by
$170 million of proceeds from our former financing arrangement with the IBM parties, $20 million in proceeds
from foreign grants from the Canadian government for research and development activities related to our AMD
Fusion products and from the Malaysian and Chinese governments for our local microprocessor assembly, test
and packaging facilities, and $18 million from the exercise of employee stock options. During 2011, we did not
realize any excess tax benefit related to stock-based compensation. Therefore, we did not record any related
financing cash flows.
Net cash provided by financing activities was $484 million in 2010 primarily as a result of proceeds of $988
million from our former financing arrangement with the IBM Parties, $490 million from the sale and issuance of
$500 million aggregate principal amount of the 7.75% Notes, $19 million in proceeds from foreign grants from
the Canadian government for research and development activities related to our Fusion products and from the
Malaysian and Chinese governments for our local microprocessor assembly, test and packaging facilities and $15
million from the exercise of employee stock options. These amounts were partially offset by payments of $1,011
million to repurchase $1,016 million aggregate principal amount of our 6.00% Notes. During 2010, we did not
realize any excess tax benefit related to stock-based compensation. Therefore, we did not record any related
financing cash flows.
Net cash provided by financing activities was $1.5 billion in 2009 primarily as a result of proceeds of $2.3
billion from the issuance of GF’s Class A Notes, Class B Notes, Class A Preferred Shares and Class B Preferred
Shares, of which $1.6 billion constituted cash proceeds to GF, proceeds of $605 million from our former
financing arrangement with the IBM Parties, proceeds of $440 million from the issuance of $500 million
aggregate principle of 8.125% Notes, proceeds of $15 million from a revolving credit line between our subsidiary
in China and China Merchant Bank, proceeds of $125 million from the sale of 58 million shares of AMD
common stock and warrants to purchase 35 million shares of AMD common stock at an exercise price of $0.01
per share to WCH in connection with the formation of the GF manufacturing joint venture, and proceeds from
grants and allowances from the Federal Republic of Germany and the State of Saxony of $55 million for GF’s
Dresden manufacturing facilities. These amounts were partially offset by payments to Leipziger Messe of $180
million to repurchase its partnership interests in our former subsidiary in Dresden, Germany, AMD Fab 36 KG,
$67 million related to the guaranteed rate of return on these partnership interests and $10 million related to a call
option premium to Leipziger Messe for the early repurchase of these partnership interests. Net cash provided by
financing activities was also partially offset by $1.8 billion of payments on certain debt and capital lease
obligations, primarily consisting of $1,002 million to repurchase $1,015 million aggregate principal amount of
our 5.75% Notes, $398 million to redeem $390 million aggregate principal amount of our 7.75% Senior Notes
due 2012 and $161 million to repurchase $344 million aggregate principal amount of our 6.00% Notes. During
2009, we did not realize any excess tax benefit related to stock-based compensation. Therefore, we did not record
any related financing cash flows.
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