SanDisk 2010 Annual Report Download - page 165

This is a TAB type table. Insert
conts here. Annual Report
ITEM 6. SELECTED FINANCIAL DATA
Fiscal Years Ended
January 2,
2011(1)
January 3,
2010(2)
December 28,
2008(3)
December 30,
2007(4)
December 31,
2006(5)
(In thousands, except per share data)
Revenues
Product ......................... $4,462,930 $ 3,154,314 $ 2,843,243 $ 3,446,125 $ 2,926,472
License and royalty ............... 363,877 412,492 508,109 450,241 331,053
Total revenues ....................... 4,826,807 3,566,806 3,351,352 3,896,366 3,257,525
Cost of product revenues ............... 2,564,717 2,282,180 3,288,265 2,693,647 2,018,052
Gross profit ......................... 2,262,090 1,284,626 63,087 1,202,719 1,239,473
Operating income (loss) ................ 1,461,574 519,390 (1,973,480) 276,514 326,334
Net income (loss) attributable to common
stockholders ....................... $1,300,142 $ 415,310 $ (1,986,624) $ 190,616 $ 180,393
Net income (loss) attributable to common
stockholders per share:
Basic ........................... $ 5.59 $ 1.83 $ (8.82) $ 0.84 $ 0.91
Diluted ......................... $ 5.44 $ 1.79 $ (8.82) $ 0.81 $ 0.87
Shares used in computing net income (loss)
attributable to common stockholders per
share:
Basic ........................... 232,531 227,435 225,292 227,744 198,929
Diluted ......................... 238,901 231,959 225,292 235,857 207,451
At
January 2,
2011
January 3,
2010
December 28,
2008
December 30,
2007
December 31,
2006
(In thousands)
Working capital ...................... $3,072,585 $ 2,043,664 $ 1,450,675 $ 2,377,399 $ 3,335,858
Total assets .......................... 8,776,710 6,001,719 5,932,140 7,107,472 6,850,491
Convertible long-term debt ............. 1,711,032 934,722 954,094 903,580 856,595
Total equity ......................... 5,779,395 3,908,409 3,440,721 5,156,303 4,997,470
(1) Includes share-based compensation of ($77.6) million, which includes ($17.3) million due to a non-cash
modification of outstanding stock awards pursuant to the retirement of our former Chief Executive Officer,
amortization of acquisition-related intangible assets of ($14.2) million, a charge of ($17.8) million related to
a power outage experienced in Fab 3 and Fab 4 and a gain of $13.2 million related to the sale of the net
assets of our mobile phone SIM card business.
(2) Includes share-based compensation of ($95.6) million, amortization of acquisition-related intangible assets
of ($13.7) million and other-than-temporary impairment charges of ($7.9) million related to our investment
in FlashVision.
(3) Includes impairment charges related to goodwill of ($845.5) million, acquisition-related intangible assets of
($175.8) million, investments in our flash ventures with Toshiba of ($93.4) million, and our investment in
Tower Semiconductor Ltd., or Tower, of ($18.9) million. Also includes share-based compensation of
($97.8) million, amortization of acquisition-related intangible assets of ($71.6) million and restructuring and
other charges of ($35.5) million.
(4) Includes share-based compensation of ($133.0) million and amortization of acquisition-related intangible
assets of ($90.1) million. Also includes other-than-temporary impairment charges of ($10.0) million related
to our investment in FlashVision.
(5) Includes acquired in-process technology charges of ($225.6) million related to acquisitions of Matrix
Semiconductor Inc., or Matrix, in January 2006 and msystems Ltd., or msystems, in November 2006, share-
based compensation of ($100.6) million and amortization of acquisition-related intangible assets of
($27.8) million.
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