SanDisk 2000 Annual Report Download - page 30

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2 8 . Sa n D is k C o rp o ra t io n . 2 0 0 0 A n n u a l Re p o rt
Consolidated Statements of Income
(In tho usand s, exc ept p e r share data)
Years Ended Decem ber 31, 2 0 0 0 19 99 19 98
Revenues
Pr o d uc t $ 5 2 6 ,3 5 9 $ 205 ,770 $ 103,19 0
Lic ense and ro yalty 7 5 ,4 5 3 4 1,220 32 ,571
To tal reve nues 6 0 1,8 12 246 ,9 9 0 13 5,76 1
Co st o f re venue s 3 5 7 ,0 17 152 ,143 80,311
Gro ss p ro fits 2 4 4 ,7 9 5 94,847 5 5,450
Op e rating e xp e nses
Researc h and d evelo p m ent 4 6 ,0 5 7 26 ,88 3 18,174
Sale s and m arketing 4 9 ,2 8 6 25,294 16,933
Ge ne ral and ad m inistrative 2 4 ,7 8 6 12,585 7,533
To tal o p erating exp e nse s 12 0 ,12 9 64,762 42,640
Op e rating incom e 12 4 ,6 6 6 30 ,08 5 12 ,810
Inte rest inc o m e 2 2 ,7 8 6 8,2 80 5,3 07
Gain o n inve stm ent in fo undry 3 4 4 ,16 8
Other inc o m e , ne t 5 7 2 1,26 1 374
Inc o m e befo re taxes 4 9 2 ,19 2 39 ,62 6 18 ,49 1
Pro vision fo r incom e taxes 19 3 ,5 2 0 13,0 76 6 ,6 55
N et inco m e $ 2 9 8 ,6 7 2 $ 26,550 $ 11,8 3 6
N et inco m e p e r share
Basic $ 4 .4 7 $ 0.48 $ 0.23
Dilute d $ 4 . 1 1 $ 0 .4 3 $ 0.2 1
Share s used in com p uting net incom e p er share
Basic 6 6 ,8 6 1 55,834 52,596
Dilute d 7 2 ,6 5 1 61,433 55,344
Th e ac c o m p anyin g n o te s are an integ ral part o f these c onsolid a ted fina nc ia l s tatem e nts