AMD 1995 Annual Report Download - page 239

notes
TO CONSOLIDATED FINANCIAL STATEMENTS
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NOTE 6 STOCKHOLDERS' EQUITY
The following is a summary of the changes in the components of consolidated
stockholders' equity for the three years ended December 31, 1995.
Preferred Stock Common Stock
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Number Number Capital in Total
of of Excess of Retained Stockholders'
(Thousands) Shares Amount Shares Amount Par Value Earnings Equity
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December 27, 1992 345 $ 35 88,226 $ 885 $532,674 $ 513,146 $1,046,740
Issuance of shares:
Employee stock plans - - 3,218 31 19,408 - 19,439
Fujitsu Limited - - 1,000 10 22,952 - 22,962
Compensation recognized under
employee stock plans - - - - 1,313 - 1,313
Income tax benefits realized from
employee stock option exercises - - - - 43,386 - 43,386
Preferred stock dividends - - - - - (10,350) (10,350)
Net income - - - - - 228,781 228,781
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December 26, 1993 345 35 92,444 926 619,733 731,577 1,352,271
Issuance of shares:
Employee stock plans - - 1,970 19 16,911 - 16,930
Fujitsu Limited - - 1,000 10 22,625 - 22,635
Compensation recognized under
employee stock plans - - - - 1,971 - 1,971
Conversion of preferred stock to
common stock - (1) 3 1 - - -
Income tax benefits realized from
employee stock option
exercises - - - - 37,433 - 37,433
Preferred stock dividends - - - - - (10,350) (10,350)
Net income - - - - - 305,266 305,266
Unrealized gain from
available-for-sale investments - - - - - 9,109 9,109
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December 25, 1994 345 34 95,417 956 698,673 1,035,602 1,735,265
Issuance of shares:
Employee stock plans - - 2,249 22 23,051 - 23,073
Compensation recognized under
employee stock plans - - - - 2,483 - 2,483
Conversion of preferred stock to
common stock (345) (34) 6,853 69 (2,536) - (2,501)
Income tax benefits realized from
employee stock option
exercises - - - - 15,189 - 15,189
Preferred stock dividends - - - - - (10) (10)
Redemption of stockholder rights
plan - - - - (1,035) - (1,035)
Net income - - - - - 300,521 300,521
Unrealized gain from
available-for-sale investments
and translation adjustment
for joint venture - - - - - 27,143 27,143
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December 31, 1995 - $ - 104,519 $1,047 $735,825 $1,363,256 $2,100,128
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NOTE 7 SERIAL PREFERRED STOCK
In March 1987, the company sold 345,000 shares of Convertible Exchangeable
Preferred Stock, $.10 par value. Dividends were payable quarterly in arrears at
an annual rate of $30 per share (6 percent) cumulative from the date of original
issue. The preferred stock was redeemable for cash at any time at the option of
the company, in whole or in part, at prices declining to $500 per share at March
15, 1997, plus unpaid dividends. The preferred stock was convertible at any time
at the option of the holder into common stock at the initial conversion rate of
19.873 common shares for each preferred share.
On February 10, 1995, the company called all outstanding shares of its
preferred stock for redemption on March 13, 1995, at a redemption price of
$509.00 per share, plus $7.30 of accrued and unpaid dividends. Prior to the
redemption date, 343,427 shares of preferred stock
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Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996