AMD 2005 Annual Report Download - page 28

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Table of Contents
June 30, 2003, the date of formation of the Spansion LLC (formerly known as FASL LLC). Prior to June 30, 2003 we accounted for our interest in the
predecessor manufacturing joint venture under the equity method. Therefore, consolidated statement of operations data for 2004 is not comparable to 2003,
nor is 2003 data completely comparable to prior years’ data. Minority interest consists primarily of the elimination of Fujitsu Limited’s share of the
income (loss) of Spansion. Fujitsu held a 40 percent minority ownership interest in Spansion, prior to the IPO of Spansion Inc.
(3) Interest income and other income (expense), net, includes a charge of approximately $32 million associated with our exchange of $201 million of our
4.50% Notes for common stock and a charge of approximately $14 million in connection with the prepayment of the Fab 30 Term Loan.
(4) The 2002 income tax provision was recorded primarily for taxes due on income generated in certain state and foreign tax jurisdictions. No tax benefit was
recorded in 2002 on pre-tax losses due to the establishment of a valuation allowance against the remainder of our U.S. deferred tax assets, net of U.S.
deferred liabilities, in the fourth quarter, due to the incurrence of continuing substantial operating losses in the U.S.
(5) Due to the dilution in our ownership interest in Spansion from 60 percent to 37.9 percent in connection with Spansion’s IPO, we recorded a loss of $110
million which represents the difference between Spansion’s book value per share before and after the IPO multiplied by the number of shares owned by us.
23
Source: ADVANCED MICRO DEVIC, 10-K, February 27, 2006