AMD 2007 Annual Report Download - page 279

Spansion Inc.
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
Nine Months Ended
Sep. 30,
2007
Oct. 1,
2006
Cash Flows from Operating Activities:
Net loss $ (213,982) $ (122,751)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization 387,709 406,980
Loss on pension curtailment 2,010 —
Loss on early extinguishment of debt 3,435 17,310
Provision for doubtful accounts 1,693 471
(Benefit) Provision for deferred income taxes (43,537) 2,902
Net gain on sale and disposal of property, plant and equipment (21,946) (1,362)
Gain on sale of marketable securities — (6,884)
Compensation recognized under employee stock plans 12,084 19,797
Amortization of premium on floating rate notes and discount on senior subordinated and senior notes, net 1,745 2,559
Changes in operating assets and liabilities:
Decrease in trade accounts receivable from related parties 26,796 204,497
(Increase) decrease in other receivables from related parties (6,177) 10,300
Decrease (increase) in trade accounts receivable 27,700 (210,053)
Increase in inventories (76,558) (6,740)
Increase in prepaid expenses and other current assets (28,019) (10,519)
(Increase) decrease in other assets (21,563) 353
Increase (decrease) in accounts payable and accrued liabilities to related parties 34,938 (110,982)
Increase in accounts payable and accrued liabilities 75,981 104,753
Decrease in accrued compensation and benefits (965) (8,541)
Increase (decrease) in income taxes payable 18,984 (11,375)
Increase (decrease) in deferred income on shipments to a related party 74 (31,901)
Increase in deferred income on shipments 1,291 35,759
Net cash provided by operating activities 181,693 284,573
Cash Flows from Investing Activities:
Proceeds from sale of property, plant and equipment 188,525 3,608
Purchases of property, plant and equipment (964,666) (470,830)
Proceeds from maturity and sale of marketable securities 679,900 282,583
Purchases of marketable securities (822,075) (63,612)
Net cash used in investing activities (918,316) (248,251)
Cash Flows from Financing Activities:
Cash distribution to related parties for stock-based compensation — (7,238)
Proceeds from sale-leaseback transactions — 29,769
Proceeds from borrowings, net of issuance costs 831,042 329,044
Proceeds from issuance of stock 60 —
Payments on loans from related parties — (197,119)
Payments on debt and capital lease obligations (580,004) (330,030)
Net cash provided by (used in) financing activities 251,098 (175,574)
Effect of exchange rate changes on cash and cash equivalents (13,323) 11,000
Net decrease in cash and cash equivalents (498,848) (128,252)
Cash and cash equivalents at the beginning of period 759,794 506,439
Cash and cash equivalents at end of period $ 260,946 $ 378,187
See accompanying notes
3
Source: ADVANCED MICRO DEVIC, 10-K, February 26, 2008