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Table of Contents
Advanced Micro Devices, Inc. and Subsidiaries
Consolidated Statements of Cash Flows—(Continued)
Three Years Ended December 25, 2005
2005 2004 2003
(In thousands)
Cash flows from financing activities:
Proceeds from notes payable to banks 77,489 — 7,350
Proceeds from borrowings, net of issuance cost 168,637 745,377 —
Proceeds from borrowings from Fujitsu (see Note 4) — — 40,000
Repayments of debt and capital lease obligations (315,509) (897,619) (140,933)
Proceeds from foreign grants and subsidies 163,459 30,110 155,349
Proceeds from sale leaseback transactions 129,171 59,531 244,647
Proceeds from limited partners’ contribution (see Note 8) 89,606 127,916 —
Change in compensating balance — 223,808 (74,447)
Proceeds from issuance of stock 189,349 123,677 35,436
Other (8,013) — —
Net cash provided by financing activities 494,189 412,800 267,402
Effect of exchange rate changes on cash and cash equivalents 7,228 6,657 32,173
Net (decrease) increase in cash and cash equivalents (285,310) (49,806) 678,344
Cash and cash equivalents at beginning of year 918,377 968,183 289,839
Cash and cash equivalents at end of year $ 633,067 $ 918,377 $ 968,183
Supplemental disclosures of cash flow information:
Cash paid (refunded) during the year for:
Interest, net of amounts capitalized (see Note 9) $ 139,173 $ 69,814 $ 81,303
Income taxes $ 39,875 $ 33,550 $ (7,309)
Non-cash investing activities:
Equipment purchased through acquisition $ — $ — $ 2,932
Formation and consolidation of Spansion LLC (see Note 4):
Total non-cash net assets of Manufacturing Joint Venture $ — $ — $ 768,000
Total non-cash net assets contributed by Fujitsu $ — $ — $ 154,000
AMD contribution of investment in Manufacturing Joint Venture $ — $ — $ 390,069
Non-cash financing activities
Equipment sale leaseback transaction $ 78,145 $ 34,366 $ 273,131
Capital leases $ 119,002 $ — $ 12,157
Conversion of senior convertible debt $ 201,500 $ 201,000 $ —
See accompanying notes to consolidated financial statements.
79
Source: ADVANCED MICRO DEVIC, 10-K, February 27, 2006