AMD 2012 Annual Report Download - page 67

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Net cash used in investing activities was $1,123 million in 2010. The cash flow effect of the deconsolidation
of GF was an outflow of $904 million, which consisted of GF’s cash and cash equivalents. In addition, we had a
net cash outflow of $147 million for purchases of property, plant and equipment and of $160 million for
purchases of available-for-sale securities. The net cash outflows were partially offset by a net cash inflow of $69
million from the sale of trading securities.
Financing Activities
Net cash provided by financing activities was $37 million in 2012 primarily due to net proceeds from the
issuance of our 7.50% Notes of $491 million, $23 million from foreign grants from the Canadian government for
research and development activities related to our AMD APU products and from the Malaysian and Chinese
governments for our local microprocessor assembly, test and packaging facilities and $14 million from the
issuance of common stock under our stock-based compensation plan, partially offset by our repayment of
outstanding principal and accrued interest on our 5.75% Notes and repayment of capital lease obligations of $489
million.
Net cash used in financing activities was $6 million in 2011 as a result of payments of $202 million to
repurchase $200 million aggregate principal amount of our 6.00% Notes. This amount was partially offset by
$170 million of proceeds from our former financing arrangement with the IBM Parties, $20 million in proceeds
from foreign grants from the Canadian government for research and development activities related to our AMD
APU products and from the Malaysian and Chinese governments for our local microprocessor assembly, test and
packaging facilities, and $18 million from the issuance of common stock under our stock-based compensation
plan.
Net cash provided by financing activities was $484 million in 2010 primarily as a result of proceeds of $988
million from our former financing arrangement with the IBM Parties, $490 million from the sale and issuance of
$500 million aggregate principal amount of the 7.75% Notes, $19 million in proceeds from foreign grants from
the Canadian government for research and development activities related to our Fusion products and from the
Malaysian and Chinese governments for our local microprocessor assembly, test and packaging facilities and $15
million from the issuance of common stock under our stock-based compensation plan. These amounts were
partially offset by payments of $1,011 million to repurchase $1,016 million aggregate principal amount of our
6.00% Notes.
During 2012, 2011 and 2010, we did not realize any excess tax benefit related to stock-based compensation.
Therefore, we did not record any related financing cash flows for these periods.
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