AMD 1993 Annual Report Download - page 375

Deferred tax assets:
Deferred distributor income $ 31,349 $ 22,402
Inventory reserves 14,935 16,690
Accrued expenses not
currently deductible 21,799 33,995
Federal tax credit carryovers 30,888 52,208
Other 27,569 31,600
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Total deferred tax assets 126,540 156,895
Valuation allowance for
deferred tax assets (26,415) (47,427)
Net deferred tax assets 100,125 109,468
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Deferred tax liabilities:
Depreciation (44,886) (43,742)
Other (20,154) (30,993)
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Total deferred tax liabilities (65,040) (74,735)
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Total net deferred tax assets $ 35,085 $ 34,733
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The valuation allowance for deferred tax assets is attributable to stock option
deductions, the benefit of which will be credited to equity when realized.
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994