SanDisk 2010 Annual Report Download - page 236

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Notes To Consolidated Financial Statements
Note 16: Supplementary Financial Data (Unaudited)
Fiscal Quarters Ended
April 4,
2010(1)
July 4,
2010(1)
October 3,
2010(1)
January 2,
2011(1)
(In thousands, except per share data)
2010
Revenues
Product ................................ $ 993,195 $ 1,091,315 $ 1,137,593 $ 1,240,827
License and royalty ....................... 93,468 87,753 96,080 86,576
Total revenues ............................... 1,086,663 1,179,068 1,233,673 1,327,403
Gross profit ................................. 500,178 546,382 639,245 576,285
Operating income ............................ 314,008 358,799 431,724 357,043
Net income ................................. $ 234,691 $ 257,894 $ 322,092 $ 485,465
Net income per share ..........................
Basic(3) ................................. $ 1.02 $ 1.11 $ 1.38 $ 2.06
Diluted(3) ............................... $ 0.99 $ 1.08 $ 1.34 $ 2.01
Fiscal Quarters Ended
March 29,
2009(2)
June 28,
2009(2)
September 27,
2009(2)
January 3,
2010 (2)(4)
(In thousands, except per share data)
2009
Revenues
Product ................................ $ 588,099 $ 610,432 $ 813,811 $ 1,141,972
License and royalty ....................... 71,372 120,141 121,360 99,619
Total revenues ............................... 659,471 730,573 935,171 1,241,591
Gross profit (loss) ............................ (1,139) 248,997 436,270 600,498
Operating income (loss) ....................... (165,335) 68,442 239,953 376,330
Net income (loss) ............................ $ (207,995) $ 52,507 $ 231,293 $ 339,505
Net income (loss) per share
Basic(3) ................................. $ (0.92) $ 0.23 $ 1.02 $ 1.49
Diluted(3) ............................... $ (0.92) $ 0.23 $ 0.99 $ 1.45
(1) Includes the following charges related to share-based compensation, amortization of acquisition-related
intangible assets, amortization of convertible debt interest discount and a power outage experienced in Fab 3
and Fab 4. Share-based compensation in the third and fourth quarters of fiscal year 2010 includes
$17.3 million additional expense due to modification of stock awards of the Company’s former Chief
Executive Officer. Also included is a gain related to the sale of net assets of the Company’s mobile phone
SIM card business in the first quarter of fiscal year 2010.
Fiscal Quarters Ended
April 4,
2010
July 4,
2010
October 3,
2010
January 2,
2011
(In thousands)
Share-based compensation ..................... $ (16,870) $ (14,977) $ (20,944) $ (24,799)
Amortization of acquisition-related intangible
assets ................................... (3,424) (3,423) (4,221) (3,133)
Amortization of convertible debt interest
discount ................................. (14,215) (14,501) (18,361) (23,280)
Charge related to power outage .................———(17,752)
Gain on sale of net assets of mobile phone SIM card
business ................................. 13,192———
F-50