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10 Annual Report 1999
SANDISK CORPORATION SELECTED FINANCIAL DATA
(In thousands, except per share data)
Year Ended December 31, 1999 1998 1997 1996 1995
Revenues
Product $ 2 05,770 $ 103,190 $ 105,675 $ 89,599 $ 61,589
License and royalty 41 ,220 32,571 19,578 8,000 1,250
Total revenues 246,990 135,761 125,253 97,599 62,839
Cost of revenues 152,143 80,311 72,280 58,707 36,613
Gross profits 94,847 55,450 52,973 38,892 26,226
Operating income 30,085 12,810 19,680 12,474 7,777
Net income $ 26,5 50 $ 11,836 $ 19,839 $ 14,485 $ 9,065
Net income per share
Basic $ 0.48 $ 0.23 $ 0.43 $ 0.33 $ 0.24
Diluted $ 0.43 $ 0.21 $ 0.40 $ 0.30 $ 0.22
Shares used in per share calculations
Basic 55,834 52,596 45,760 44,324 37,494
Diluted 61,433 55,344 49,940 48,412 40,656
At December 31, 1999 1998 1997 1996 1995
Working capital $ 482,793 $ 138,471 $ 134,298 $ 77,029 $ 68,002
Total assets 657,724 255,741 245,467 108,268 92,147
Total stockholders’ equity 572,127 207,838 191,374 87,810 72,381
See Notes to the Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations.