AMD 2001 Annual Report Download - page 256
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
--------------------------------------------------------------------------------------------------
(Thousands) 2001 2000 1999
------------ ------------ ------------
Royalty income $ 44,342 $ 33,273 $ 23,214
Purchases 509,642 381,657 264,344
==================================================================================================
--------------------------------------------------------------------------------------------------
(Thousands) December 30, 2001 December 31, 2000
------------------------ -----------------------
Royalty receivable $ 6,962 $ 9,561
Accounts payable 37,957 77,503
==================================================================================================
Pursuant to a cross-equity provision between the Company and Fujitsu, the
Company purchased 0.5 million shares of Fujitsu Limited common stock as of
December 30, 2001. Under the same provision, Fujitsu Limited purchased nine
million shares of the Company's common stock as of December 30, 2001.
FASL is continuing the facilitization of its second and third Flash memory
device wafer fabrication facilities, FASL JV2 and FASL JV3, in Aizu-Wakamatsu,
Japan. Capital expenditures for FASL JV2 and FASL JV3 construction and
facilitization to date have been funded by cash generated from FASL operations
and borrowings by FASL.
FASL capital expenditures in 2002 are expected to be funded by cash generated
from FASL operations and local borrowings by FASL. However, to the extent that
FASL is unable to secure the necessary funds for FASL JV2 or FASL JV3, the
Company will be required to contribute cash or guarantee third-party loans in
proportion to its 49.992 percent interest in FASL. As of December 30, 2001, the
Company had $148 million in loan guarantees outstanding with respect to these
third-party loans. At December 30, 2001, the exchange rate was approximately
128.02 yen to one U.S. dollar, which the Company used to translate the amounts
denominated in yen.
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 2002