AMD 2007 Annual Report Download - page 116

Table of Contents
NOTE 6: Financial Instruments
Available-for-sale securities held by the Company as of December 29, 2007 and December 31, 2006 were as follows:
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Market
Value
(In millions)
2007
Cash equivalents:
Commercial paper $ 723 $ — $ — $ 723
Money market funds 312 — — 312
Certificates of deposit 55 — — 55
Time deposits 207 — — 207
Total cash equivalents $ 1,297 $ — $ — $ 1,297
Marketable securities:
Auction rate preferred stock $ 269 $ — $ — $ 269
Commercial paper 82 — — 82
Certificates of deposit 50 — — 50
Spansion Class A common stock 56 — — 56
Total marketable securities $ 457 $ — $ — $ 457
Long-term investments:
Equity investments (included in other assets) $ 5 $ — $ — $ 5
Grand total $ 1,759 $ — $ — $ 1,759
2006
Cash equivalents:
Commercial paper $ 635 $ — $ — $ 635
Money market funds 84 — — 84
Time deposits 529 — — 529
Total cash equivalents $ 1,248 $ — $ — $ 1,248
Marketable securities:
Auction rate preferred stock $ 146 $ — $ — $ 146
Time deposits 15 — — 15
Total marketable securities $ 161 $ — $ — $ 161
Long-term investments:
Equity investments (included in other assets) $ 1 $ 3 $ — $ 4
Grand total $ 1,410 $ 3 $ — $ 1,413
Long-term equity investments consist of marketable equity securities that, while available for sale, are not intended to be used to fund current operations.
All contractual maturities of the Company’s available-for-sale marketable debt securities at December 29, 2007 are within one year except those for
auction rate preferred stock. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without call
or prepayment penalties. The Company classified auction rate preferred stock as current marketable securities because they represent investments of cash
intended to be used for current operations.
The Company realized net gains from the sale of available-for-sale securities of $1 million and $2 million in 2007 and 2006, respectively, and the
Company did not realize any gain or loss from sale of available-for-sale securities in 2005.
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Source: ADVANCED MICRO DEVIC, 10-K, February 26, 2008