SanDisk 2012 Annual Report Download - page 169

This is a TAB type table. Insert
conts here. Annual Report
SANDISK CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
Fiscal years ended
December 30,
2012
January 1,
2012
January 2,
2011
(In thousands, except per share amounts)
Revenues:
Product .............................................. $4,678,504 $5,287,555 $4,462,930
License and royalty .................................... 374,005 374,590 363,877
Total revenues ............................................ 5,052,509 5,662,145 4,826,807
Cost of product revenues .................................... 3,326,747 3,183,257 2,552,188
Amortization of acquisition-related intangible assets .............. 42,542 39,742 12,529
Total cost of product revenues ................................ 3,369,289 3,222,999 2,564,717
Gross profit .............................................. 1,683,220 2,439,146 2,262,090
Operating expenses:
Research and development .............................. 602,765 547,373 422,562
Sales and marketing .................................... 224,054 199,422 209,797
General and administrative .............................. 150,401 157,766 166,485
Amortization and write-off of acquisition-related intangible
assets ............................................. 9,905 4,485 1,672
Total operating expenses ............................ 987,125 909,046 800,516
Operating income ......................................... 696,095 1,530,100 1,461,574
Interest income ........................................... 58,991 60,412 53,361
Gain (loss) on investments .................................. (7,762) 21,540 31,612
Interest (expense) and other income (expense), net ............... (120,408) (135,298) (89,114)
Total other income (expense), net ............................. (69,179) (53,346) (4,141)
Income before income taxes ................................. 626,916 1,476,754 1,457,433
Provision for income taxes .................................. 209,512 489,764 157,291
Net income ............................................... $ 417,404 $ 986,990 $1,300,142
Net income per share:
Basic ............................................... $ 1.72 $ 4.12 $ 5.59
Diluted .............................................. $ 1.70 $ 4.04 $ 5.44
Shares used in computing net income per share:
Basic ............................................... 242,076 239,484 232,531
Diluted .............................................. 245,253 244,553 238,901
The accompanying notes are an integral part of these consolidated financial statements.
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