AMD 2000 Annual Report Download - page 415

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Company's operations outside the United States include both manufacturing
and sales. The Company's manufacturing subsidiaries are located in Germany,
Malaysia, Thailand, Singapore and China. Its sales subsidiaries are in Europe,
Asia Pacific and Brazil.
The following is a summary of operations by entities within geographic areas for
the three years ended December 31, 2000:
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(Thousands) 2000 1999 1998
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Sales to external customers:
United States $ 1,875,408 $ 1,131,983 $ 1,148,610
Europe 1,553,808 835,673 730,189
Asia Pacific 1,214,971 889,948 663,342
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$ 4,644,187 $ 2,857,604 $ 2,542,141
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Long-lived assets:
United States $ 1,220,193 $ 1,469,412 $ 1,718,435
Germany 1,064,308 812,773 333,851
Other Europe 3,188 3,847 3,927
Asia Pacific 348,778 237,204 212,255
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$ 2,636,467 $2,523,236 $ 2,268,468
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Sales to external customers are based on the customer's billing location. Long-
lived assets are those assets used in each geographic area.
The Company markets and sells its products primarily to a broad base of
customers comprised of distributors and OEMs of computation and communications
equipment. One of the Company's OEMs accounted for approximately 11, 13 and 12
percent of 2000, 1999 and 1998 net sales, respectively. No distributor accounted
for 10 percent or more of net sales in 2000, 1999 and 1998.
10. STOCK-BASED INCENTIVE PLANS
Stock Option Plans. The Company has several stock option plans under which key
employees have been granted incentive (ISOs) and nonqualified (NSOs) stock
options to purchase the Company's common stock. Generally, options vest and
become exercisable over four years from the date of grant and expire five to ten
years after the date of grant. ISOs granted under the plans have exercise prices
of not less than 100 percent of the fair market value of the common stock on the
date of grant. Exercise prices of NSOs range from $0.01 to the fair market value
of the common stock on the date of grant. As of December 31, 2000, 3,231
employees were eligible and participating in the plans.
In 1998, the Compensation Committee of the Company's Board of Directors approved
a stock option repricing program pursuant to which the Company's employees
(excluding officers and vice presidents) could elect to cancel certain
unexercised stock options in exchange for new stock options with an exercise
price of $9.71, which was equal to 20 percent above the closing price of the
Company's common stock on the New York Stock Exchange on September 10, 1998.
Approximately four million options were eligible for repricing, of which the
Company
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001