AMD 2013 Annual Report Download - page 65

Net cash used in financing activities was $6 million in 2011 as a result of payments of $202 million to
repurchase $200 million in principal amount of our 6.00% Notes (which is a portion of our outstanding 6.00%
Notes). This amount was partially offset by $170 million of proceeds from our former financing arrangement
with IBM and affiliates, $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.
During 2013, 2012 and 2011, we did not realize any excess tax benefit related to stock-based compensation.
Therefore, we did not record any effects relating to financing cash flows for these periods.
Contractual Obligations
The following table summarizes our consolidated principal contractual cash obligations, as of December 28,
2013, and is supplemented by the discussion following the table:
Payment due by period
(In millions) Total 2014 2015 2016 2017 2018
2019
and thereafter
6.00% Notes(1) .................... $ 530 $ — $530 $— $— $— $ —
8.125% Notes(1) ................... 500 — — — 500 — —
7.75% Notes ...................... 500 — — — — — 500
7.50% Notes ...................... 500 — — — — — 500
Secured Revolving Line of Credit ..... 55 55 — — — — —
Other long-term liabilities ........... 136 — 67 39 29 — 1
Aggregate interest obligation(2) ....... 858 149 127 117 115 76 274
Capital lease obligations(3) ........... 19 6 6 6 1 — —
Operating leases ................... 388 59 51 43 40 39 156
Purchase obligations(4) .............. 456 438 16 1 1 — —
Obligations to GF(5) ................ 450 450 — — — — —
Total contractual obligations ......... $4,392 $1,157 $797 $206 $686 $115 $1,431
(1) Represents aggregate par value of the notes, without the effect of associated discounts.
(2) Represents estimated aggregate interest obligations for our outstanding debt obligations that are payable in
cash, excluding capital lease obligations and our Secured Revolving Line of Credit. Also excludes non-cash
amortization of debt discounts on our 8.125% Notes and our 6.00% Notes.
(3) Includes principal and imputed interest.
(4) We have purchase obligations for goods and services where payments are based, in part, on the volume or
type of services we acquire. In those cases, we only included the minimum volume of purchase obligations
in the table above. Purchase orders for goods and services that are cancelable upon notice and without
significant penalties are not included in the amounts above. In addition we have obligations for software
technology and licenses where payments are fixed and non-cancelable.
(5) This amount includes all our contractual obligations to GF through the first quarter of 2014, including a
$200 million payment made on December 31, 2013 relating to the $320 million fee due as consideration for
a waiver from GF of our purchase commitments for the fourth quarter of 2012.
6.00% Convertible Senior Notes due 2015
On April 27, 2007, we issued $2.2 billion aggregate principal amount of our 6.00% Notes. Our 6.00% Notes
are our general unsecured senior obligations. Interest is payable on May 1 and November 1 of each year
beginning November 1, 2007 until the maturity date of May 1, 2015. The terms of our 6.00% Notes are governed
by an indenture dated April 27, 2007, by and between us and Wells Fargo Bank, N.A., as trustee.
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