SanDisk 2002 Annual Report Download - page 35

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3 3 2 0 0 2 Annua l Re port
C o n s o lid a t e d S t a t e m e n t s o f O p e r a t io n s
(In thousands, except per share am ounts)
Decem ber 31, 2 0 0 2 2001 2000
Revenues
Product $ 4 9 2 ,9 0 0 $ 316,867 $ 526,359
License and royalty 4 8 ,3 7 3 49,434 75,453
Total revenue 5 4 1,2 7 3 366,301 601,812
Cost of product revenues 3 5 2 ,4 5 2 392,293 357,017
Gross profits (losses) 18 8 ,8 2 1 (25,992) 244,795
Operating expenses
Research and developm ent 6 3 ,17 7 58,931 46,057
Sales and m arketing 4 0 ,4 0 7 42,576 49,286
General and adm inistrative 2 7 ,0 8 6 16,981 24,786
Restructuring –8,510 –
Total operating expenses 13 0 ,6 7 0 126,998 120,129
Operating incom e (loss) 5 8 ,15 1 (152,990) 124,666
Equity in incom e of joint ventures 856 2,082 –
Interest income 8 ,6 7 5 12,404 22,786
Interest expense (6 ,7 0 0 ) (138) –
Gain (loss) in investm ent in foundries (15 ,16 3 ) (302,293) 344,168
Gain (loss) in equity investment (2 ,7 0 0 ) ––
Other incom e (loss), net (3 ,14 0 ) (1,009) 572
Incom e (loss) before taxes 3 9 ,9 7 9 (441,944) 492,192
Provision for (benefit from ) incom e taxes 3 ,7 3 9 (144,000) 193,520
Net incom e (loss) $ 3 6 ,2 4 0 $ (297,944) $ 298,672
Net incom e (loss) per share
Basic $ 0 .5 3 $ (4.37) $ 4.47
Diluted $ 0 .5 1 $ (4.37) $ 4.11
Shares used in com puting net incom e (loss) per share
Basic 6 8 ,8 0 5 68,148 66,861
Diluted 7 1,2 3 0 68,148 72,651
See accom panying notes.