AMD 2013 Annual Report Download - page 48

Download and view the complete annual report

Please find page 48 of the 2013 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.

Page out of 132

  • 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

purchase commitments for the fourth quarter of 2012. In consideration for this waiver, we agreed to pay GF
a fee of $320 million, which resulted in a $273 million lower of cost or market charge recorded in the fourth
quarter of 2012.
(5) In 2012 and 2011, we implemented restructuring plans and incurred net charges of $6 million, $100 million
and $100 million in 2013, 2012 and 2011, respectively, which primarily consisted of severance and related
employee benefits.
(6) In 2013, we sold and leased back buildings in various locations and land in Austin, Texas, for which we
recorded a net charge of $24 million.
(7) In 2008, we sold our Digital Television business to Broadcom Corporation for $141.5 million and classified
it as discontinued operations. In 2011, we recorded a charge of $4 million in connection with a payment to
Broadcom related to this asset sale.
(8) Total long-term debt and other long term liabilities increased by $110 million from 2012 to 2013, primarily
due to obligations associated with the license of $157 million of new technology and software, partially
offset by the repurchase of $50 million in principal amount of our 6.00% Notes (which is a portion of our
outstanding 6.00% Notes). Total long-term debt and other long term liabilities increased by $475 million
from 2011 to 2012, primarily due to an issuance of $500 million principal amount of our 7.50% Notes. Total
long-term debt and other long term liabilities decreased by $680 million from 2010 to 2011, primarily due to
the repurchase of $200 million in principal amount of our 6.00% Notes (which is a portion of our
outstanding 6.00% Notes) and reclassification of $485 million in principal amount of our 5.75% Notes to
the current portion of long-term debt. Total long-term debt and other long term liabilities decreased by
$2.7 billion from 2009 to 2010, primarily due to the deconsolidation of GF and the repurchase of $1.0
billion in principal amount of our 6.00% Notes (which is a portion of our outstanding 6.00% Notes).
(9) Total assets decreased by $4.1 billion from 2009 to 2010, primarily due to the deconsolidation of GF.
40