AMD 2007 Annual Report Download - page 94

Table of Contents
Advanced Micro Devices, Inc. and Subsidiaries
Consolidated Balance Sheets
December 29,
2007
December 31,
2006
(In millions, except
par value amounts)
ASSETS
Current assets:
Cash and cash equivalents $ 1,432 $ 1,380
Marketable securities 457 161
Total cash and cash equivalents and marketable securities 1,889 1,541
Accounts receivable 650 1,153
Allowance for doubtful accounts (10) (13)
Total accounts receivable, net 640 1,140
Inventories:
Raw materials 48 83
Work-in-process 472 545
Finished goods 301 186
Total inventories 821 814
Deferred income taxes 64 25
Prepaid expenses and other current assets 402 443
Total current assets 3,816 3,963
Property, plant and equipment:
Land and land improvements 49 53
Buildings and leasehold improvements 1,037 1,410
Equipment 6,125 5,202
Construction in progress 677 672
Total property, plant and equipment 7,888 7,337
Accumulated depreciation and amortization (3,168) (3,350)
Property, plant and equipment, net 4,720 3,987
Acquisition related intangible assets, net (see Note 3) 587 1,207
Goodwill (see Note 3) 1,907 3,217
Investment in Spansion (see Note 4) — 371
Other assets 520 402
Total assets $ 11,550 $ 13,147
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 1,009 $ 1,338
Accrued compensation and benefits 186 177
Accrued liabilities 821 769
Income taxes payable 72 78
Deferred income on shipments to distributors 101 169
Current portion of long-term debt and capital lease obligations 238 125
Other current liabilities 198 249
Total current liabilities 2,625 2,905
Deferred income taxes 6 31
Long-term debt and capital lease obligations, less current portion 5,031 3,672
Other long-term liabilities 633 517
Minority interest in consolidated subsidiaries 265 237
Commitments and contingencies (see Notes 14 and 17)
Stockholders’ equity:
Capital stock:
Common stock, par value $0.01; 1,500 shares authorized on December 29, 2007 and 750 shares authorized on December 31,
2006; shares issued: 612 on December 29, 2007 and 553 on December 31, 2006; shares outstanding: 606 on December 29,
2007 and 547 on December 31, 2006 6 5
Capital in excess of par value 6,016 5,409
Treasury stock, at cost (7 shares on December 29, 2007 and December 31, 2006) (95) (93)
Retained earnings (deficit) (3,100) 308
Accumulated other comprehensive income 163 156
Total stockholders’ equity 2,990 5,785
Total liabilities and stockholders’ equity $ 11,550 $ 13,147
See accompanying notes to consolidated financial statements.
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Source: ADVANCED MICRO DEVIC, 10-K, February 26, 2008