SanDisk 2010 Annual Report Download - page 191

This is a TAB type table. Insert
conts here. Annual Report
SANDISK CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
Fiscal Years Ended
January 2,
2011
January 3,
2010
December 28,
2008
(In thousands, except per share amounts)
Revenues
Product ............................................ $ 4,462,930 $ 3,154,314 $ 2,843,243
License and royalty ................................... 363,877 412,492 508,109
Total revenues ........................................... 4,826,807 3,566,806 3,351,352
Cost of product revenues ................................... 2,552,188 2,269,651 3,233,753
Amortization of acquisition-related intangible assets ............. 12,529 12,529 54,512
Total cost of product revenues .............................. 2,564,717 2,282,180 3,288,265
Gross profit ............................................. 2,262,090 1,284,626 63,087
Operating expenses
Research and development ............................. 422,562 384,158 429,949
Sales and marketing .................................. 209,797 208,514 328,079
General and administrative ............................. 166,485 171,359 204,765
Impairment of goodwill ................................ — — 845,453
Impairment of acquisition-related intangible assets .......... — — 175,785
Amortization of acquisition-related intangible assets ......... 1,672 1,167 17,069
Restructuring and other ................................ — 38 35,467
Total operating expenses ........................... 800,516 765,236 2,036,567
Operating income (loss) ................................... 1,461,574 519,390 (1,973,480)
Interest income .......................................... 53,361 63,273 94,417
Gain (loss) in equity investments ............................ 31,612 (1,646) (39,568)
Interest (expense) and other income (expense), net .............. (89,114) (77,216) (33,743)
Total other income (expense), net ............................ (4,141) (15,589) 21,106
Income (loss) before income taxes ........................... 1,457,433 503,801 (1,952,374)
Provision for income taxes ................................. 157,291 88,491 34,250
Net income (loss) ........................................ $ 1,300,142 $ 415,310 $ (1,986,624)
Net income (loss) per share:
Basic .............................................. $ 5.59 $ 1.83 $ (8.82)
Diluted ............................................. $ 5.44 $ 1.79 $ (8.82)
Shares used in computing net income (loss) per share:
Basic .............................................. 232,531 227,435 225,292
Diluted ............................................. 238,901 231,959 225,292
The accompanying notes are an integral part of these consolidated financial statements.
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