AMD 2012 Annual Report Download - page 100
Download and view the complete annual report
Please find page 100 of the 2012 AMD annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
 |
 |
increases in deferred tax assets related to the net operating losses generated from pre-tax book losses net of the
benefit relating to the SeaMicro acquisition. Purchase accounting for the SeaMicro acquisition required the
establishment of a deferred tax liability related to the book tax basis differences of identifiable intangible assets
that increased goodwill. The deferred tax liability created an additional source of U.S. future taxable income
which resulted in a release of a portion of the Company’s U.S. valuation allowance. In 2011, the net valuation
allowance decreased by $245 million primarily for decreases in deferred tax assets related to the utilization of net
operating losses due to pre-tax book income and a change in the book to tax basis in investments. In 2010, the net
valuation allowance decreased by $56 million primarily for decreases in deferred tax assets related to the
utilization of net operating losses due to pre-tax book income and the utilization of foreign research and
development credits to offset prior period audit adjustments, net of an increase in U.S. deferred tax assets,
primarily for foreign tax credits arising from withholding taxes.
As of December 29, 2012 and December 31, 2011, the Company had $192 million and $202 million,
respectively, of deferred tax assets subject to a valuation allowance that related to excess stock option deductions,
which are not presented in the deferred tax asset balances. As of December 29, 2012 and December 31, 2011,
$10 million of deferred tax assets subject to valuation allowance related to a deductible discount for tax only
associated with the Company’s 6.00% Convertible Senior Notes due 2015 (the 6.00% Notes). The tax benefit
from these deductions will increase capital in excess of par when realized.
The following is a summary of the various tax attribute carryforwards the Company had as of December 29,
2012. The amounts presented below include amounts related to excess stock option deductions, as discussed
above.
Carryforward Federal
State /
Provincial Expiration
(In millions)
US-net operating loss carryovers ................................... $3,907 $251 2013 to 2032
US-credit carryovers ............................................. $ 478 $177 2018 to 2031
Canada-net operating loss carryovers ................................ $ 347 $347 2025 to 2028
Canada-credit carryovers ......................................... $ 404 $ 24 2012 to 2032
Canada-R&D pools .............................................. $ 135 $135 no expiration
Barbados-net operating loss carryovers .............................. $ 299 N/A 2013 to 2017
Other foreign net operating loss carryovers ........................... $ 12 N/A various
Utilization of $123 million of the Company’s U.S. federal net operating loss carryforwards are subject to
annual limitations as a result of the SeaMicro acquisition and prior purchase transactions.
92