AMD 2002 Annual Report Download - page 29

Table of Contents
Net cash used in financing activities was $101 million in 2000 primarily due to $375 million in payments on debt and capital lease obligations, offset by
$136 million in proceeds from borrowing activities, $123 million in proceeds from the issuance of stock and $15 million in proceeds from foreign grants and
subsidies.
Contractual Cash Obligations and Guarantees
The following tables summarize our principal contractual cash obligations and principal guarantees at December 29, 2002 and are supplemented by the
discussion following the tables.
Principal Contractual Cash Obligations at December 29, 2002 were:
Total Payments due by period
2003 2004 2005 2006 2007
2008 and
beyond
(Thousands)
Notes payable to banks $ 913 $ 913 $ — $ — $ — $ — $ —
Term Loan and Security Agreement dated
as of September 27, 2002 110,000 27,500 27,500 27,500 27,500 — —
4.75% Convertible Senior Debentures
Due 2022 500,000 — — — — — 500,000
4.50% Convertible Senior Notes Due
2007 402,500 — — — — 402,500 —
Dresden term loans 587,234 30,939 31,252 281,273 243,770 — —
Capital lease obligations 44,546 18,381 16,897 5,970 3,298 — —
Operating leases 376,730 54,162 48,580 43,550 38,265 20,787 171,386
Unconditional purchase commitments 160,411 50,351 49,960 49,670 2,726 2,568 5,136
Total contractual cash obligations $ 2,182,334 $ 182,246 $ 174,189 $ 407,963 $ 315,559 $ 425,855 $ 676,522
Principal Guarantees at December 29, 2002 were:
Maximum
amounts
guaranteed
Amounts of guarantee expiration per period
2003 2004 2005 2006 2007
2008 and
beyond
(Thousands)
Dresden intercompany guarantee $ 294,000 $ — $ — $ — $ 294,000 $ — $ —
BAC payment guarantee 26,044 26,044 — — — — —
AMTC payment guarantee 33,336 — — — — 33,336 —
AMTC rental guarantee 131,000 — — — — — 131,000
FASL guarantee 208,000 — — — — — 208,000
Fujitsu guarantee 125,000 125,000 — — — — —
Total guarantee $ 817,380 $ 151,044 $ — $ — $ 294,000 $ 33,336 $ 339,000
Notes Payable to Banks
We entered into a Loan and Security Agreement with a consortium of banks led by a domestic financial institution on July 13, 1999 (the July 1999 Loan
Agreement). The July 1999 Loan Agreement provides for a four-year secured revolving line of credit of up to $200 million. We can borrow, subject to amounts
that may be set aside by the lenders, up to 85 percent of our eligible accounts receivable from OEMs and 50 percent of our eligible accounts receivable from
distributors. We must comply with certain financial covenants if the level of net domestic cash (as defined in the July 1999 Loan Agreement) we hold declines
below $200 million or the
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Source: ADVANCED MICRO DEVIC, 10-K, March 14, 2003