Adaptec 2002 Annual Report Download - page 15

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ITEM 6. Selected Financial Data
Year Ended December 31, (1)
(in thousands, except for per share data)
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
2002(2) 2001(3) 2000 1999 1998
STATEMENT OF OPERATIONS DATA:
Net revenues $ 218,093 $ 322,738 $ 694,684 $ 295,768 $ 174,288
Cost of revenues 89,542 137,262 166,161 73,439 45,290
Gross profit 128,551 185,476 528,523 222,329 128,998
Research and development 137,734 201,087 178,806 83,676 50,890
Marketing, general and administrative 63,419 90,302 100,589 52,301 33,842
Amortization of deferred stock compensation
Research and development 2,645 32,506 32,258 3,738 1,329
Marketing, general and administrative 168 8,678 4,006 1,383 140
Impairment of property and equipment 1,824 − − − −
Restructuring costs and other special charges − 195,186 − − −
Impairment of goodwill and purchased intangible assets − 269,827 − − 4,311
Amortization of goodwill − 44,010 36,397 1,912 915
Costs of merger − − 37,974 866 −
Acquisition of in process research and development − − 38,200 − 39,176
Income (loss) from operations (77,239) (656,120) 100,293 78,453 (1,605)
Gain (loss) on investments (11,579) (14,591) 58,491 26,800 −
Provision for (recovery of) income taxes (18,858) (17,763) 102,412 41,346 22,997
Net income (loss) (65,007) (639,054) 75,298 71,829 (21,699)
Net income (loss) per share − basic: (4) $ (0.38) $ (3.80) $ 0.46 $ 0.49 $ (0.16)
Net income (loss) per share − diluted: (4) $ (0.38) $ (3.80) $ 0.41 $ 0.45 $ (0.16)
Shares used in per share calculation − basic 170,107 167,967 162,377 146,818 137,750
Shares used in per share calculation − diluted 170,107 167,967 181,891 160,523 137,750