SanDisk 2008 Annual Report Download - page 45

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ITEM 6. SELECTED FINANCIAL DATA
SANDISK CORPORATION SELECTED FINANCIAL DATA
Fiscal Years Ended
December 28,
2008 (1)
December 30,
2007 (2)
December 31,
2006 (3)
January 1,
2006 (4)
January 2,
2005 (5)
(In thousands, except per share data)
Revenues
Product ...................... $2,843,243 $ 3,446,125 $ 2,926,472 $ 2,066,607 $ 1,602,836
License and royalty ............ 508,109 450,241 331,053 239,462 174,219
Total revenues ............ 3,351,352 3,896,366 3,257,525 2,306,069 1,777,055
Cost of product revenues ............ 3,288,265 2,693,647 2,018,052 1,333,335 1,091,350
Gross profit ....................... 63,087 1,202,719 1,239,473 972,734 685,705
Operating income (loss) ............. (1,973,480) 276,514 326,334 576,582 418,591
Net income (loss) .................. $(2,056,776) $ 218,357 $ 198,896 $ 386,384 $ 266,616
Net income (loss) per share:
Basic ........................ $ (9.13) $ 0.96 $ 1.00 $ 2.11 $ 1.63
Diluted ...................... $ (9.13) $ 0.93 $ 0.96 $ 2.00 $ 1.44
Shares used in computing net income
(loss) per share:
Basic ........................ 225,292 227,744 198,929 183,008 164,065
Diluted ...................... 225,292 235,857 207,451 193,016 188,837
At
December 28,
2008
December 30,
2007
December 31,
2006
January 1,
2006
January 2,
2005
(In thousands)
Working capital ................... $1,440,336 $ 2,385,774 $ 3,345,414 $ 2,004,598 $ 1,526,674
Total assets ....................... 5,926,936 7,234,819 6,967,783 3,120,187 2,320,180
Convertible long-term debt ........... 1,225,000 1,225,000 1,225,000 — —
Total stockholders’ equity ........... 3,174,799 4,959,617 4,768,134 2,523,791 1,940,150
(1) Includes impairment charges related to goodwill of ($845.5) million, acquisition-related intangible assets of
($175.8) million, investments in our flash ventures with Toshiba of ($93.4) million, and our investment in
Tower of ($18.9) million. Also includes share-based compensation of ($97.8) million, amortization of
acquisition-related intangible assets of ($71.6) million and restructuring and other charges of
($35.5) million.
(2) Includes share-based compensation of ($133.0) million and amortization of acquisition-related intangible
assets of ($90.1) million. Also includes other-than-temporary impairment charges of ($10.0) million related
to our investment in FlashVision.
(3) Includes acquired in-process technology charges of ($225.6) million related to acquisitions of Matrix
Semiconductor Inc., or Matrix, in January 2006 and msystems Ltd., or msystems, in November 2006, share-
based compensation of ($100.6) million and amortization of acquisition-related intangible assets of
($27.8) million.
(4) Includes other-than-temporary impairment charges of ($10.1) million related to our investment in Tower.
(5) Includes other-than-temporary impairment charges of ($11.8) million related to our investment in Tower,
and a gain from a settlement of $6.2 million from a third-party brokerage firm related to the fiscal year 2003
unauthorized disposition of our investment in UMC.
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