Adaptec 2001 Annual Report Download - page 54

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54
PM C-Sierra, Inc.
CON SOLI DATED STATEM EN TS OF OPERATI ONS
(
in thousands, exce
p
t for
p
er share amounts
)
Year Ended December 31,
2001 2000 1999
Net revenues 322,738$ 694,684$ 295,768$
Cost of revenues 137,262 166,161 73,439
Gross profit 185,476 528,523 222,329
Other costs and expenses:
R
esearc
h
an
d
d
eve
l
opment
201
,
087
178
,
806
83
,
676
Marketin
g
,
g
eneral and administrative 90,302 100,589 52,301
Amortization of deferred stock compensation:
Research and development 32,506 32,258 3,738
Marketin
g
,
g
eneral and administrative 8,678 4,006 1,383
Amortization of
g
oodw ill 44,010 36,397 1,912
Restructurin
g
costs and other special char
g
es 195,186 - -
Impairment of
g
oodwill and purchased intan
g
ible assets 269,827 - -
Costs of mer
g
er - 37,974 866
Acquisition of in process research and development - 38,200 -
Income (loss) from operations (656,120) 100,293 78,453
Interest and other income, net 13,894 18,926 7,922
Gain (loss) on investments (14,591) 58,491 26,800
Income (loss) before provision for income taxes (656,817) 177,710 113,175
Provision for (recover
y
of) income taxes (17,763) 102,412 41,346
Net income (loss) $ (639,054) $ 75,298 $ 71,829
Net income (loss) per common share - basic (3.80)$ 0.46$ 0.49$
Net income (loss) per common share - diluted (3.80)$ 0.41$ 0.45$
Shares used in per share calculation - basic 167,967 162,377 146,818
Shares used in per share calculation - diluted 167,967 181,891 160,523
See notes to the consolidated financial statements.