Tony, aka Stockman
Since you obviously did not listen to the conference call its time for us
to bring back Alberts Fools School. I know you didn't graduate.
According to the conference call AMD has not started to borrow from the
German government those loans will start sometime this year. So lets look
at AMD's Balance sheet which should reflect all current assets
and liabilities. As you requested Plant and Equipment are tangible
long lived assets and may have their costs allocated to expenses by
depreciation over their useful lives.
CONSOLIDATED BALANCE SHEETS
(Thousands)
December 28, December 29,
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
Liabilities and Stockholders' Equity
Current liabilities:
Notes payable to banks $ 6,601 $ 14,692
Accounts payable 359,536 224,139
Accrued compensation and benefits 63,429 66,745
Accrued liabilities 134,656 103,436
Income tax payable 12,676 51,324
Deferred income on
shipments to distributors 83,508 95,466
Current portion of long-term
debt and capital
lease obligations 66,364 27,671
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
Stockholders' equity:
Capital stock:
Common stock, par value 1,428 1,380
Capital in excess of par value 1,018,884 957,226
Retained earnings 1,009,231 1,063,272
Total stockholders' equity 2,029,543 2,021,878
$3,515,271 $3,145,283
biz.yahoo.com
Outstanding Shares = 141,770,000
marketguide.com
The book value of a share of stock is one share's equity in the corporations
net assest as recorded in the corporations accounts. Since AMD only has common stock
the book value is determined by dividing the total stockholders equity by
the number of outstanding shares.
So 2,029,543,000/141,770,000 = 14.316
I hope I didn't make this too hard.
Robert |
