Adaptec 2006 Annual Report Download - page 66

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Table of Contents
PMC-Sierra, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except for per share amounts)
December 31,
2006
December 31,
2005
December 26,
2004
Net revenues $ 424,992 $ 291,411 $ 297,383
Cost of revenues 146,456 80,963 87,542
Gross profit 278,536 210,448 209,841
Other costs and expenses:
Research and development 158,661 118,720 120,492
Selling, general and administrative 102,363 56,278 46,832
Amortization of purchased intangible assets 33,381 — —
In-process research and development 35,300 — —
Restructuring costs and other charges 6,119 13,833 3,520
Acquisition costs — — 1,212
(Loss) income from operations (57,288) 21,617 37,785
Other income (expense)
Interest income, net 8,979 12,106 4,859
Foreign exchange loss (109) (3,259) (1,295)
Loss on extinguishment of debt and amortization of debt issue costs (968) (1,809) (2,233)
(Loss) gain on investments (1,269) 1,439 9,242
(Loss) income before (provision for) recovery of income taxes (50,655) 30,094 48,358
(Provision for) recovery of income taxes (49,237) (2,108) 3,323
Net (loss) income $ (99,892) $ 27,986 $ 51,681
Net (loss) income per common share - basic $ (0.49) $ 0.15 $ 0.29
Net (loss) income per common share - diluted $ (0.49) $ 0.15 $ 0.27
Shares used in per share calculation - basic 203,470 184,098 180,353
Shares used in per share calculation - diluted 203,470 189,132 188,903
See notes to the consolidated financial statements.
64
Source: PMC SIERRA INC, 10-K, March 01, 2007 Powered by Morningstar® Document Research℠