AMD 1997 Annual Report Download - page 67

ADVANCED MICRO DEVICES, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 28, 1997 AND DECEMBER 29, 1996
1997 1996
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(THOUSANDS EXCEPT SHARE AND
PER SHARE AMOUNTS)
ASSETS
Current assets:
Cash and cash equivalents...................... $ 240,658 $ 166,194
Short-term investments......................... 226,374 220,004
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Total cash, cash equivalents and short-term
investments............................... 467,032 386,198
Accounts receivable, net of allowance for
doubtful accounts of $11,221 in 1997 and
$9,809 in 1996................................ 329,111 220,028
Inventories:
Raw materials................................ 33,375 22,050
Work-in-process.............................. 96,712 83,853
Finished goods............................... 38,430 48,107
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Total inventories.......................... 168,517 154,010
Deferred income taxes........................ 160,583 140,850
Tax refund receivable........................ 52 99,909
Prepaid expenses and other current assets.... 49,972 28,082
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Total current assets....................... 1,175,267 1,029,077
Property, plant and equipment:
Land........................................... 29,421 32,244
Buildings and leasehold improvements........... 1,012,680 938,573
Equipment...................................... 2,295,498 1,963,808
Construction in progress....................... 461,452 392,143
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Total property, plant and equipment........ 3,799,051 3,326,768
Accumulated depreciation and amortization...... (1,808,362) (1,539,366)
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Property, plant and equipment, net............. 1,990,689 1,787,402
Investment in joint venture.................... 204,031 197,205
Other assets................................... 145,284 131,599
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$ 3,515,271 $ 3,145,283
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Notes payable to banks......................... $ 6,601 $ 14,692
Accounts payable............................... 359,536 224,139
Accrued compensation and benefits.............. 63,429 66,745
Accrued liabilities............................ 134,656 103,436
Income tax payable............................. 12,676 51,324
Deferred income on shipments to distributors... 83,508 95,466
Current portion of long-term debt and capital
lease obligations............................. 66,364 27,671
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Total current liabilities.................. 726,770 583,473
Deferred income taxes............................ 96,269 95,102
Long-term debt and capital lease obligations,
less current portion............................ 662,689 444,830
Commitments and contingencies.................... -- --
Stockholders' equity:
Capital stock:
Common stock, par value $0.01; 250,000,000
shares authorized; 142,123,079 shares issued
and outstanding in 1997 and 137,580,296 in
1996........................................ 1,428 1,380
Capital in excess of par value................. 1,018,884 957,226
Retained earnings.............................. 1,066,131 1,087,221
Unrealized gain on investments................. 2,007 4,820
Cumulative translation adjustments............. (58,907) (28,769)
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Total stockholders' equity................. 2,029,543 2,021,878
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$ 3,515,271 $ 3,145,283
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See accompanying notes
Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998