8-K/AExhibits & Filings

ADVANCED MICRO DEVICES INC 8-K/A Report, Exhibit Filing (Dec 23, 2005)

Filed December 23, 2005For Securities:AMD

Summary

This filing is an amendment to a previous 8-K report by Advanced Micro Devices, Inc. (AMD) dated December 21, 2005. The amendment's primary purpose is to correct typographical errors in Exhibit 99.1 of the original report. The original report concerned the reorganization of AMD's former majority-owned subsidiary, Spansion LLC, and its subsequent initial public offering (IPO). The corrected exhibit includes unaudited pro forma financial statements that illustrate the financial impact of the Spansion IPO on AMD. These statements reflect how AMD's financial performance and position would have appeared had the equity method of accounting been applied to its reduced ownership in Spansion prior to and as of the IPO date. Investors should note that these pro forma statements are for illustrative purposes and are not necessarily indicative of future financial results.

Key Highlights

  • 1AMD is filing an amendment (8-K/A) to correct previously filed pro forma financial statements related to the Spansion LLC reorganization and IPO.
  • 2The amendment specifically corrects typographical errors in Exhibit 99.1 of the initial 8-K filing.
  • 3Exhibit 99.1 contains unaudited pro forma condensed consolidated statements of operations for FY 2004 and the first nine months of 2005.
  • 4It also includes an unaudited pro forma consolidated condensed balance sheet as of September 25, 2005.
  • 5These pro forma statements illustrate the financial impact on AMD assuming the Spansion IPO occurred and the equity method of accounting was applied to its reduced ownership stake.
  • 6The pro forma financials are presented for illustrative purposes and are not necessarily indicative of actual future financial results or position.

Frequently Asked Questions

The primary reason for this amended 8-K filing is to correct typographical errors found in Exhibit 99.1 of the original 8-K report filed on December 21, 2005. The original report pertained to the reorganization and IPO of Spansion LLC.

Exhibit 99.1 provides unaudited pro forma condensed consolidated financial statements. This includes statements of operations for the fiscal year 2004 and the first nine months of 2005, and a balance sheet as of September 25, 2005. These statements reflect the financial impact on AMD as if the Spansion IPO had occurred and the equity method of accounting was applied.

No, investors should not rely solely on these pro forma statements. They are presented for illustrative purposes only and are not necessarily indicative of AMD's actual operating results or financial position that would have been achieved, or of future periods. Investors should also review AMD's official consolidated financial statements and Management's Discussion and Analysis (MD&A) sections from their 10-K and 10-Q filings.

The reorganization and IPO of Spansion LLC, a former majority-owned subsidiary, would have significantly altered AMD's ownership structure and reporting of Spansion's financial results. The pro forma statements help investors understand this change by illustrating how AMD's financials would look under the equity method of accounting for its reduced stake in Spansion post-IPO.