AMD 2004 Annual Report Download - page 111

Table of Contents
The following table summarizes sales for each of the three years ended December 26, 2004 and long-lived assets by geographic areas as of the two years
ended December 26, 2004:
2004 2003 2002
(in thousands)
Sales to external customers:
United States(1) $ 1,037,924 $ 720,679 $ 736,566
Japan 1,084,465 575,479 251,673
Korea 167,130 316,893 339,740
China 464,373 — (2) — (2)
Europe 1,312,613 1,179,474 945,836
Other Countries 934,930 726,643 423,214
$ 5,001,435 $ 3,519,168 $ 2,697,029
Long-lived assets:
United States $ 982,191 $ 1,045,194
Germany 1,983,032 1,530,687
Japan 882,109 974,473
Other Countries 386,475 298,138
$4,233,807 $3,848,492
(1) Includes an insignificant amount of sales in Canada.
(2) Breakdown was not available in 2002 and 2003. Sales to China in 2002 and 2003 were included in sales to Other Countries.
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 comprising distributors and OEMs of computer and communications
equipment. In 2004, gross sales to one of the Company’s distributors was approximately $631 million, which accounted for approximately 13 percent of the
Company’s consolidated gross sales. The revenue from this customer was primarily attributable to the Computation Products segment. In 2004, gross sales to
Fujitsu were approximately $1.1 billion, which accounted for approximately 22 percent of the Company’s consolidated gross sales. The revenue from Fujitsu was
primarily attributable to the Memory Products segment, although Fujitsu is also an OEM customer with respect to the Company’s Computation Products
segment. In 2003, gross sales to one of the Company’s distributors was approximately $458 million, which accounted for approximately 13 percent of the
Company’s consolidated gross sales. The revenue from this customer was primarily attributable to the Computation Products segment. In 2003, gross sales to
Fujitsu were approximately $449 million, which accounted for approximately 13 percent of the Company’s consolidated gross sales. The revenue from Fujitsu
was primarily attributable to the Memory Products segment, although Fujitsu is also an OEM customer with respect to the Company’s Computation Products
segment. No distributor accounted for ten percent or more of consolidated gross sales in 2002. Other than Fujitsu who is both an OEM and distributor customer,
no OEM customer accounted for more than ten percent of consolidated gross sales in 2003 and 2002.
NOTE 10: Stock-Based Incentive Compensation Plans
Equity Incentive Program Description. The Company’s stock option programs are intended to attract, retain and motivate highly qualified employees.
On April 29, 2004, the Company’s stockholders approved the 2004 Equity Incentive Plan (the 2004 Plan), which had previously been approved by its Board of
Directors. Stock options available for grant under the Company’s equity compensation plans that were in effect before April 29, 2004, (the Prior Plans), including
those that were not approved by the Company’s stockholders, were consolidated into the 2004 Plan. As of April 29, 2004, equity awards are made only from the
2004 Plan. Under
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Source: ADVANCED MICRO DEVIC, 10-K, March 01, 2005