SanDisk 1998 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 1998 SanDisk annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 57

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57

SanDisk Corporation
25
ITEM 6: SELECTED FINANCIAL DATA
Year Ended December 31,
(In thousands, except per share data) 1998 1997 1996 1995 1994
REVENUES
Product $ 103,190 $ 105,675 $ 89,599 $ 61,589 $ 35,378
License and royalty 32,571 19,578 8,000 1,250 —
Total revenues 135,761 125,253 97,599 62,839 35,378
Cost of revenues 80,311 72,280 58,707 36,613 28,074
Gross profits 55,450 52,973 38,892 26,226 7,304
Operating income (loss) 12,810 19,680 12,474 7,777 (4,781)
Net income (loss) 11,836 19,839 14,485 9,065 (4,287)
Net income (loss) per share (pro forma for 1995 and 1994)
Basic $ 0.45 $ 0.87 $ 0.65 $ 0.48 $ (0.25)
Diluted $ 0.43 $ 0.79 $ 0.60 $ 0.45 $ (0.25)
Shares used in per share calculations (pro forma for 1995 and 1994)
Basic 26,298 22,880 22,162 18,747 17,463
Diluted 27,672 24,970 24,206 20,328 17,463
Year Ended December 31,
(In thousands) 1998 1997 1996 1995 1994
Working capital $ 138,471 $ 134,298 $ 77,029 $ 68,002 $ 20,971
Total assets 255,741 245,467 108,268 92,147 31,861
Long term debt, less current portion — — — — 93
Total stockholders’ equity 207,838 191,374 87,810 72,381 23,672
The Company is restricted in paying cash dividends under the terms of its line of credit agreement and paid no cash dividends
during the five-year period. (See Note 3 of the Notes to the Consolidated Financial Statements)
See Notes to the Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and
Results of Operations.
Selected Data
SELECTED FIN AN CIA L DATA