AMD 1995 Annual Report Download - page 244

notes
TO CONSOLIDATED FINANCIAL STATEMENTS
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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
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1996 $ 3,646 $27,297
1997 3,802 26,255
1998 154,033 21,532
1999 2,326 6,949
2000 2,493 1,182
Beyond 2000 1,227 -
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Total 167,527 83,215
Less: Amount representing interest - 5,916
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Total at present value $167,527 $77,299
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Obligations under the lease agreements are collateralized by the assets leased.
Total assets leased were approximately $141.5 million and $131.3 million at
December 31, 1995 and December 25, 1994, respectively. Accumulated amortization
of these leased assets was approximately $95.3 million and $60.2 million at
December 31, 1995 and December 25, 1994, respectively.
NOTE 11 INTEREST EXPENSE & INTEREST INCOME AND OTHER, NET
Interest expense
(Thousands) 95 94 93
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Interest expense $ 18,750 $10,138 $ 9,994
Interest capitalized (18,043) (8,294) (7,084)
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$ 707 $ 1,844 $ 2,910
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In 1995, interest expense primarily consisted of interest payments on the $150
million four-year term loan the company entered into on January 5, 1995; and
interest capitalized primarily related to the construction of Fab 25.
Interest income and other, net
(Thousands) 95 94 93
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Interest income $27,816 $22,456 $15,990
Other income (loss) 2,947 (6,197) 500
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$30,763 $16,259 $16,490
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In 1995, other income (loss) primarily consisted of the $2.7 million realized
gain on an equity investment in Seeq Corporation. In 1994, other income (loss)
primarily consisted of the $33 million settlement cost related to the class
action lawsuits and stockholders' derivative action offset by an $18 million
gain resulting from an award of damages in the arbitration proceedings with
Intel. Also included in other income (loss) for all years presented is the net
gain (loss) on the sale of assets.
NOTE 12 FOREIGN AND DOMESTIC OPERATIONS
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996