AMD 1998 Annual Report Download - page 230

December 27, 1998 and December 28, 1997
(Thousands except share and per share amounts) 1998 1997
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ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 361,908 $ 240,658
Short-term investments 335,117 226,374
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Total cash, cash equivalents and short-term investments 697,025 467,032
Accounts receivable, net of allowance for doubtful
accounts of $12,663 in 1998 and $11,221 in 1997 415,557 329,111
Inventories:
Raw materials 21,185 33,375
Work-in-process 129,036 96,712
Finished goods 24,854 38,430
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Total inventories 175,075 168,517
Deferred income taxes 205,959 160,583
Prepaid expenses and other current assets 68,411 50,024
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Total current assets 1,562,027 1,175,267
PROPERTY, PLANT AND EQUIPMENT:
Land 36,273 29,421
Buildings and leasehold improvements 823,287 1,012,680
Equipment 2,776,336 2,295,498
Construction in progress 744,466 461,452
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Total property, plant and equipment 4,380,362 3,799,051
Accumulated depreciation and amortization (2,111,894) (1,808,362)
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Property, plant and equipment, net 2,268,468 1,990,689
INVESTMENT IN JOINT VENTURE 236,820 204,031
OTHER ASSETS 185,653 145,284
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$ 4,252,968 $ 3,515,271
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LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Notes payable to banks $ 6,017 $ 6,601
Accounts payable 333,975 359,536
Accrued compensation and benefits 80,334 63,429
Accrued liabilities 168,280 134,656
Income tax payable 22,026 12,676
Deferred income on shipments to distributors 84,523 83,508
Current portion of long-term debt, capital lease
obligations and other 145,564 66,364
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Total current liabilities 840,719 726,770
DEFERRED INCOME TAXES 34,784 96,269
LONG-TERM DEBT, CAPITAL LEASE OBLIGATIONS AND OTHER, LESS
CURRENT PORTION 1,372,416 662,689
Commitments and contingencies
STOCKHOLDERS' EQUITY:
Capital stock:
Common stock, par value $0.01; 250,000,000 shares
authorized; 145,477,376 shares issued and
outstanding in 1998 and 142,123,079 in 1997 1,465 1,428
Capital in excess of par value 1,071,591 1,018,884
Retained earnings 962,171 1,066,131
Accumulated other comprehensive loss (30,178) (56,900)
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Total stockholders' equity 2,005,049 2,029,543
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$ 4,252,968 $ 3,515,271
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See accompanying notes
25
Source: ADVANCED MICRO DEVIC, 10-K, March 29, 1999