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5 2 0 0 2 Annual Re port
S e le c t e d F in a n c ia l D a t a
(In thousands, except per share data)
Year Ended Decem ber 31, 2 0 0 2 12001 22000 31999 1998
Revenues
Product $ 4 9 2 ,9 0 0 $ 316,867 $ 526,359 $ 205,770 $ 103,190
License and royalty 4 8 ,3 7 3 49,434 75,453 41,220 32,571
Total revenues 5 4 1,2 7 3 366,301 601,812 246,990 135,761
Cost of revenues 3 5 2 ,4 5 2 392,293 357,017 152,143 80,311
Gross profits (losses) 18 8 ,8 2 1 (25,992) 244,795 94,847 55,450
Operating incom e (loss) 5 8 ,15 1 (152,990) 124,666 30,085 12,810
Net incom e (loss) $ 3 6 ,2 4 0 $ (297,944) $ 298,672 $ 26,550 $ 11,836
Net incom e (loss) per share
Basic $ 0 .5 3 $ (4.37) $ 4.47 $ 0.48 $ 0.23
Diluted $ 0 .5 1 $ (4.37) $ 4.11 $ 0.43 $ 0.2 1
Shares used in per share calculations
Basic 6 8 ,8 0 5 68,148 66,861 55,834 52,596
Diluted 7 1,2 3 0 68,148 72,651 61,433 55,344
At Decem ber 31, 2 0 0 2 2001 2000 1999 1998
Working capital $ 5 8 4 ,4 5 0 $ 419,289 $ 525,950 $ 482,793 $ 138,471
Total assets 9 7 6 ,17 9 934,261 1,107,907 657,724 255,741
Long-term convertible subordinated notes 15 0 ,0 0 0 125,000–––
Total stockholders’ equity 6 2 7 ,7 2 0 675,379 863,058 572,127 207,838
(1) Includes other- than-tem porary im pairm ent charges of $14.4 m illion, or $8.7 m illion net of tax, write-downs related to the recoverability of w afer credits
of $2.8 m illion, or $1.8 m illion net of tax, and an adjustm ent to the fair value of w arrants of $0.7 m illion, or $0.5 m illion net of tax.
(2) Includes other- than-tem porary im pairm ent charges of $302.3 m illion, or $188.1 m illion net of tax and restructuring charges of $8.5 m illion or $6.7 million net of tax.
(3) Includes gain on investm ent of UM C of $344.2 m illion, or $203.9 m illion net of tax.
See the Consolidated Financial Statem ents and M anagem ent’s Discussion and Analysis of Financial Condition and Results of Operations.