AMD » Topics » 11. Commitments

These excerpts taken from the AMD 10-K filed Feb 24, 2009.

11. Commitments

Certain equipment and facilities are leased under various operating leases expiring at various dates through the year 2011. Certain of these leases contain renewal options. Rental expense was $28.9 million, $35.7 million and $30.6 million for the years ended December 31, 2006, December 25, 2005 and December 26, 2004, respectively.

Future minimum lease payments under operating leases and unconditional commitments to purchase manufacturing supplies and services as of December 31, 2006 are as follows:

 

     Operating Leases    Unconditional Purchase
Commitments
     (in thousands)

Fiscal 2007

   $ 35,807    $ 56,365

Fiscal 2008

     26,881      21,487

Fiscal 2009

     14,729      5,367

Fiscal 2010

     1,234      3,546

Fiscal 2011

     413      3,496
             
   $ 79,064    $ 90,261
             

AMD and Fujitsu have guaranteed approximately $4 million and $200,000, respectively, of the Company’s operating lease obligations as of December 31, 2006.

In June 2002, AMD and Fujitsu entered into a non-exclusive, perpetual license to manufacture and distribute a third-party company’s patented technology. AMD and Fujitsu agreed to pay this third-party company a running royalty based on AMD’s and Fujitsu’s annual cumulative net sales on the sale of products containing this technology. The royalty is triggered only if annual cumulative sales targets are met. The license to manufacture and distribute these products was assigned to the Company as of September 1, 2003. Royalty related to the sale of products containing this license was not significant in fiscal 2006 and fiscal 2005. The Company did not meet the minimum requirements to trigger royalty payments in fiscal 2004.


Spansion Inc.

Notes to Consolidated Financial Statements—(Continued)

 

11. Commitments

SIZE="2">Certain equipment and facilities are leased under various operating leases expiring at various dates through the year 2011. Certain of these leases contain renewal options. Rental expense was $28.9 million, $35.7 million and $30.6 million
for the years ended December 31, 2006, December 25, 2005 and December 26, 2004, respectively.

Future minimum lease
payments under operating leases and unconditional commitments to purchase manufacturing supplies and services as of December 31, 2006 are as follows:

 






















































































   Operating Leases  Unconditional Purchase
Commitments
   (in thousands)

Fiscal 2007

  $35,807  $56,365

Fiscal 2008

   26,881   21,487

Fiscal 2009

   14,729   5,367

Fiscal 2010

   1,234   3,546

Fiscal 2011

   413   3,496
        
  $79,064  $90,261
        

AMD and Fujitsu have guaranteed approximately $4 million and $200,000, respectively, of the
Company’s operating lease obligations as of December 31, 2006.

In June 2002, AMD and Fujitsu entered into a non-exclusive,
perpetual license to manufacture and distribute a third-party company’s patented technology. AMD and Fujitsu agreed to pay this third-party company a running royalty based on AMD’s and Fujitsu’s annual cumulative net sales on the sale
of products containing this technology. The royalty is triggered only if annual cumulative sales targets are met. The license to manufacture and distribute these products was assigned to the Company as of September 1, 2003. Royalty related to
the sale of products containing this license was not significant in fiscal 2006 and fiscal 2005. The Company did not meet the minimum requirements to trigger royalty payments in fiscal 2004.









Spansion Inc.

FACE="Times New Roman" SIZE="2">Notes to Consolidated Financial Statements—(Continued)

 

FACE="Times New Roman" SIZE="2">12. Interest Income and Other Income, Net

 


















































































   Year Ended
Dec. 31, 2006
  Year Ended
Dec. 26, 2005
  Year Ended
Dec. 26, 2004
   (in thousands)

Interest income

  $21,738  $3,017  $2,708

Other income, net

   369   156   490
            
  $22,107  $3,173  $3,198
            
These excerpts taken from the AMD 10-K filed Feb 26, 2008.

11. Commitments

Certain equipment and facilities are leased under various operating leases expiring at various dates through the year 2011. Certain of these leases contain renewal options. Rental expense was $28.9 million, $35.7 million and $30.6 million for the years ended December 31, 2006, December 25, 2005 and December 26, 2004, respectively.

Future minimum lease payments under operating leases and unconditional commitments to purchase manufacturing supplies and services as of December 31, 2006 are as follows:

 

     Operating Leases    Unconditional Purchase
Commitments
     (in thousands)

Fiscal 2007

   $ 35,807    $ 56,365

Fiscal 2008

     26,881      21,487

Fiscal 2009

     14,729      5,367

Fiscal 2010

     1,234      3,546

Fiscal 2011

     413      3,496
             
   $ 79,064    $ 90,261
             

AMD and Fujitsu have guaranteed approximately $4 million and $200,000, respectively, of the Company’s operating lease obligations as of December 31, 2006.

In June 2002, AMD and Fujitsu entered into a non-exclusive, perpetual license to manufacture and distribute a third-party company’s patented technology. AMD and Fujitsu agreed to pay this third-party company a running royalty based on AMD’s and Fujitsu’s annual cumulative net sales on the sale of products containing this technology. The royalty is triggered only if annual cumulative sales targets are met. The license to manufacture and distribute these products was assigned to the Company as of September 1, 2003. Royalty related to the sale of products containing this license was not significant in fiscal 2006 and fiscal 2005. The Company did not meet the minimum requirements to trigger royalty payments in fiscal 2004.


Spansion Inc.

Notes to Consolidated Financial Statements—(Continued)

 

11. Commitments

SIZE="2">Certain equipment and facilities are leased under various operating leases expiring at various dates through the year 2011. Certain of these leases contain renewal options. Rental expense was $28.9 million, $35.7 million and $30.6 million
for the years ended December 31, 2006, December 25, 2005 and December 26, 2004, respectively.

Future minimum lease
payments under operating leases and unconditional commitments to purchase manufacturing supplies and services as of December 31, 2006 are as follows:

 






















































































   Operating Leases  Unconditional Purchase
Commitments
   (in thousands)

Fiscal 2007

  $35,807  $56,365

Fiscal 2008

   26,881   21,487

Fiscal 2009

   14,729   5,367

Fiscal 2010

   1,234   3,546

Fiscal 2011

   413   3,496
        
  $79,064  $90,261
        

AMD and Fujitsu have guaranteed approximately $4 million and $200,000, respectively, of the
Company’s operating lease obligations as of December 31, 2006.

In June 2002, AMD and Fujitsu entered into a non-exclusive,
perpetual license to manufacture and distribute a third-party company’s patented technology. AMD and Fujitsu agreed to pay this third-party company a running royalty based on AMD’s and Fujitsu’s annual cumulative net sales on the sale
of products containing this technology. The royalty is triggered only if annual cumulative sales targets are met. The license to manufacture and distribute these products was assigned to the Company as of September 1, 2003. Royalty related to
the sale of products containing this license was not significant in fiscal 2006 and fiscal 2005. The Company did not meet the minimum requirements to trigger royalty payments in fiscal 2004.









Spansion Inc.

FACE="Times New Roman" SIZE="2">Notes to Consolidated Financial Statements—(Continued)

 

FACE="Times New Roman" SIZE="2">12. Interest Income and Other Income, Net

 


















































































   Year Ended
Dec. 31, 2006
  Year Ended
Dec. 26, 2005
  Year Ended
Dec. 26, 2004
   (in thousands)

Interest income

  $21,738  $3,017  $2,708

Other income, net

   369   156   490
            
  $22,107  $3,173  $3,198
            
This excerpt taken from the AMD 10-K filed Mar 1, 2007.

11. Commitments

 

Certain equipment and facilities are leased under various operating leases expiring at various dates through the year 2011. Certain of these leases contain renewal options. Rental expense was $28.9 million, $35.7 million and $30.6 million for the years ended December 31, 2006, December 25, 2005 and December 26, 2004, respectively.

 

Future minimum lease payments under operating leases and unconditional commitments to purchase manufacturing supplies and services as of December 31, 2006 are as follows:

 

     Operating Leases    Unconditional Purchase
Commitments
     (in thousands)

Fiscal 2007

   $ 35,807    $ 56,365

Fiscal 2008

     26,881      21,487

Fiscal 2009

     14,729      5,367

Fiscal 2010

     1,234      3,546

Fiscal 2011

     413      3,496
             
   $ 79,064    $ 90,261
             

 

AMD and Fujitsu have guaranteed approximately $4 million and $200,000, respectively, of the Company’s operating lease obligations as of December 31, 2006.

 

In June 2002, AMD and Fujitsu entered into a non-exclusive, perpetual license to manufacture and distribute a third-party company’s patented technology. AMD and Fujitsu agreed to pay this third-party company a running royalty based on AMD’s and Fujitsu’s annual cumulative net sales on the sale of products containing this technology. The royalty is triggered only if annual cumulative sales targets are met. The license to manufacture and distribute these products was assigned to the Company as of September 1, 2003. Royalty related to the sale of products containing this license was not significant in fiscal 2006 and fiscal 2005. The Company did not meet the minimum requirements to trigger royalty payments in fiscal 2004.


Spansion Inc.

 

Notes to Consolidated Financial Statements—(Continued)

 

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