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58
Item 8. Financial Statements and Supplementary Data
FINANCIAL STATEMENTS
Our financial statements required by this item are submitted as a separate section of this Form 10-K. See Item
15 (a)(1) for a listing of financial statements provided in the section titled “FINANCIAL STATEMENTS”.
SUPPLEMENTARY DATA
The following tables (presented in thousands, except per share amounts) set forth quarterly supplementary data
for each of the years in the two-year period ended November 29, 2002.
2002
Quarter Ended Year Ended
Mar. 1 May 31 Aug. 30 Nov. 29 Nov. 29
Revenue .................................................. $ 267,896 $ 317,35
9
$ 284,879 $ 294,654 $1,164,788
Gross profi
t
............................................. 246,899 292,226 253,243 268,132 1,060,500
Income before income taxes .................. 73,247 79,855 69,413 62,174 284,689
N
et income (1)........................................ 49,808 54,301 47,201 40,089 191,399
Basic net income per share (1)................ 0.21 0.23 0.20 0.17 0.81
Shares used in computing basic net
income per share ................................. 236,581 238,202 238,010 233,838 236,834
Diluted net income per share .................. 0.20 0.22 0.19 0.17 0.79
Shares used in computing diluted net
income per share ................................. 245,245 247,687 243,375 238,407 243,119
2001
Quarter Ended Year Ended
Mar. 2 June 1 Aug. 31 Nov. 30 Nov. 30
Revenue .................................................. $ 328,969 $ 344,093 $ 292,118 $ 264,540 $1,229,720
Gross profi
t
............................................. 308,953 321,734 272,077 245,505 1,148,269
Income before income taxes ................... 104,113 91,500 60,140 51,178 306,931
N
et income (2)........................................ 69,756 61,305 40,294 34,289 205,644
Basic net income per share (2)................ 0.29 0.26 0.17 0.15 0.86
Shares used in computing basic net
income per share ................................. 240,078 238,163 238,051 236,361 238,461
Diluted net income per share .................. 0.28 0.25 0.16 0.14 0.83
Shares used in computing diluted net
income per share ................................. 253,609 250,127 248,566 243,411 249,145
(1) In 2002, net income and net income per share includes the following: the first quarter includes investment gain of $4.5
million, acquired in-process research and development of $5.4 million, and amortization of goodwill and purchased
intangibles of $3.5 million; the second quarter includes investment loss of $13.7 million, restructuring and other charges
of $1.6 million, acquired in-process research and development of $0.4 million, and amortization of goodwill and
purchased intangibles of $3.5 million; the third quarter includes investment loss of $4.2 million and amortization of
goodwill and purchased intangibles of $3.5 million; the fourth quarter includes investment loss of $3.8 million,
restructuring and other charges of $10.5 million, and amortization and impairment of goodwill and purchased intangibles
of $10.4 million. The numbers presented above are pretax amounts.
(2) In 2001, net income and net income per share includes the following: first quarter includes investment loss of $17.0
million and amortization of goodwill and purchased intangibles of $3.6 million; the second quarter includes investment
loss of $31.0 million and amortization of goodwill and purchased intangibles of $3.6 million; the third quarter includes
investment loss of $39.4 million and amortization of goodwill and purchased intangibles of $3.6 million; the fourth
quarter includes investment loss of $5.9 million, restructuring and other charges of $12.1 million, and amortization of
goodwill and purchased intangibles of $3.6 million. The numbers presented above are pretax amounts.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
Not applicable.