AMD 2008 Annual Report Download - page 103

Advanced Micro Devices, Inc. and Subsidiaries
Consolidated Balance Sheets
December 27,
2008
December 29,
2007
(In millions, except
par value amounts)
ASSETS
Current assets:
Cash and cash equivalents .......................................................... $ 933 $ 1,432
Marketable securities .............................................................. 163 457
Total cash and cash equivalents and marketable securities ......................... 1,096 1,889
Accounts receivable ............................................................... 328 650
Allowance for doubtful accounts ..................................................... (8) (10)
Total accounts receivable, net ............................................... 320 640
Inventories:
Raw materials ............................................................... 41 47
Work-in-process ............................................................. 352 472
Finished goods ............................................................... 263 291
Total inventories ......................................................... 656 810
Deferred income taxes ............................................................. 28 64
Prepaid expenses and other current assets .............................................. 279 401
Assets of discontinued operations .................................................... — 759
Total current assets ....................................................... 2,379 4,563
Property, plant and equipment:
Land and land improvements ........................................................ 50 49
Buildings and leasehold improvements ................................................ 1,927 1,036
Equipment ...................................................................... 4,896 6,117
Construction in progress ........................................................... 285 677
Total property, plant and equipment .......................................... 7,158 7,879
Accumulated depreciation and amortization ............................................ (2,862) (3,163)
Property, plant and equipment, net ........................................... 4,296 4,716
Acquisition-related intangible assets, net (see Note 3) ........................................ 168 465
Goodwill (see Note 3) ................................................................. 323 1,286
Other assets ......................................................................... 509 520
Total assets .............................................................. $7,675 $11,550
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable ................................................................. $ 631 $ 1,009
Accrued compensation and benefits .................................................. 162 186
Accrued liabilities ................................................................ 785 821
Income taxes payable .............................................................. 23 72
Deferred income on shipments to distributors ........................................... 50 101
Other short-term obligations ........................................................ 86 —
Current portion of long-term debt and capital lease obligations ............................. 286 238
Other current liabilities ............................................................ 203 198
Total current liabilities ..................................................... 2,226 2,625
Deferred income taxes ................................................................. 91 6
Long-term debt and capital lease obligations, less current portion ............................... 4,702 5,031
Other long-term liabilities .............................................................. 569 633
Minority interest in consolidated subsidiaries ............................................... 169 265
Commitments and contingencies (see Notes 13 and 16)
Stockholders’ equity (deficit):
Capital stock:
Common stock, par value $0.01; 1,500 shares authorized on December 27, 2008 and
December 29, 2007; shares issued: 616 on December 27, 2008 and 612 on December 29,
2007; shares outstanding: 609 on December 27, 2008 and 606 on December 29, 2007. .... 6 6
Capital in excess of par value ....................................................... 6,099 6,016
Treasury stock, at cost ( 7 shares on December 27, 2008 and December 29, 2007) ............. (97) (95)
Retained earnings (deficit) .............................................................. (6,198) (3,100)
Accumulated other comprehensive income ................................................. 108 163
Total stockholders’ equity (deficit) ........................................... (82) 2,990
Total liabilities and stockholders’ equity (deficit) ............................... $7,675 $11,550
See accompanying notes to consolidated financial statements.
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