Stockman,
Not all of AMD's equipment is depreciated, you better read the balance sheet a little closer.
1997 1996
(Audited) (Audited)
Assets
Current assets:
Cash, cash equivalents
and short-term investments $ 467,032 $ 386,198
Accounts receivable, net 329,111 220,028
Inventories 168,517 154,010
Deferred income taxes 160,583 140,850
Prepaid expenses and other
current assets 50,024 127,991
Total current assets 1,175,267 1,029,077
Property, plant and equipment, net 1,990,689 1,787,402
Investment in joint venture 204,031 197,205
Other assets 145,284 131,599
$3,515,271 $3,145,283
Total current liabilities 726,770 583,473
Deferred income taxes 96,269 95,102
Long-term debt and
capital lease obligations,
less current portion 662,689 444,830
Other Data Q4 '97 Q3 '97 Q4 '96
Depreciation
and Amortization $ 108M $ 104M $ 88M
biz.yahoo.com
AMD will be adding additional capital equipment in Q1 & Q2 and they expect depreciation to increase.
Robert |
