AMD 1993 Annual Report Download - page 378

11
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Information with respect to the company's long debt at year-end is:
Thousands 1993 1992
- ---------------------------------------------------------------------
6.88% promissory notes with
principal and interest payable
annually through January 2000,
secured by a partnership interest $ 12,920 $ -
9.88% mortgage with principal
and interest payable in monthly
installments through April 2007 2,577 2,754
Obligations under capital leases 76,392 22,133
Obligations secured by equipment 7,997 -
Other 823 873
-------- --------
100,709 25,760
Less: amount due within one year (21,205) (6,084)
-------- --------
Long-term debt due after one year $ 79,504 $ 19,676
- --------------------------------------------------------------------
For each of the next five years and beyond, long-term debt and capital lease
obligations are:
LONG-TERM
DEBT CAPITAL
Thousands (PRINCIPAL ONLY) LEASES
- --------------------------------------------------------------------
1994 $ 2,610 $ 21,630
1995 3,430 21,415
1996 3,680 15,090
1997 3,835 14,051
1998 4,066 9,123
Beyond 1998 6,696 6,670
-------- -------
Total 24,317 87,979
Less: Amount representing interest - (11,587)
-------- -------
Total at present value $ 24,317 $ 76,392
- ---------------------------------------------------------------------
The company has capital lease commitments through 2012. Cost and accumulated
amortization of capital leases, plus installation costs, included in property,
plant and equipment at December 26, 1993 were $97.7 million and $27.1 million,
respectively; at December 27, 1992, these costs were $43.6 million and $18.9
million, respectively.
7. INTEREST AND OTHER INCOME
Thousands 1993 1992 1991
- ---------------------------------------------------------------------------------
Net gain on sale of
assets and other $ 500 $ 2,342 $ 46,115
Interest income 15,990 16,571 8,550
Net equity investment
income in Xilinx, Inc. - - 2,342
-------- -------- --------
$ 16,490 $ 18,913 $ 57,007
- ---------------------------------------------------------------------------------
During 1992, the company realized a net gain of $2.3 million on the sale or
other disposition of assets, including the sale of its shares of Xilinx, Inc.
As a result of this sale, the company no longer has a significant investment in
Xilinx, Inc.
In December 1991, a net gain of $46.1 million on the sale or other
disposition of assets was realized, primarily attributable to the sale of 3.5
million shares of Xilinx, Inc. stock. Prior to the sale, the company owned 21
percent of Xilinx and this investment was accounted for on the equity method.
After the sale, the remaining investment represented 5.6 percent of outstanding
Xilinx shares and was accounted for on the cost method.
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994