SanDisk 2009 Annual Report Download - page 168
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Notes To Consolidated Financial Statements
Note 18: Supplementary Financial Data (Unaudited)
Fiscal Quarters Ended
March 29,
2009
June 28,
2009
September 27,
2009
January 3,
2010 (3)
(In thousands, except per share data)
2009
Revenues
Product .................................. $ 588,099 $ 610,432 $ 813,811 $ 1,141,972
License and royalty ........................ 71,372 120,141 121,360 99,619
Total revenues ........................ 659,471 730,573 935,171 1,241,591
Gross profit (loss)(1) ............................ (1,139) 248,997 436,270 600,498
Operating income (loss)(1) ....................... (165,335) 68,442 239,953 376,330
Net income (loss) .............................. $ (207,995) $ 52,507 $ 231,293 $ 339,505
Net income (loss) per share ......................
Basic(2) .................................. $ (0.92) $ 0.23 $ 1.02 $ 1.49
Diluted(2) ................................. $ (0.92) $ 0.23 $ 0.99 $ 1.45
Fiscal Quarters Ended
March 30,
2008
June 29,
2008
September 28,
2008
December 28,
2008
(In thousands, except per share data)
2008
Revenues
Product .................................. $ 724,051 $ 687,508 $ 689,556 $ 742,128
License and royalty ........................ 125,916 128,503 131,941 121,749
Total revenues ........................ 849,967 816,011 821,497 863,877
Gross profit (loss)(1) ............................ 258,781 150,871 (5,917) (340,648)
Operating income (loss)(1) ....................... 4,912 (101,232) (250,193) (1,626,967)
Net income (loss) .............................. $ 10,960 $ (73,754) $ (165,899) $(1,757,931)
Net income (loss) per share
Basic(2) .................................. $ 0.05 $ (0.33) $ (0.74) $ (7.78)
Diluted(2) ................................. $ 0.05 $ (0.33) $ (0.74) $ (7.78)
(1) Includes the following charges related to share-based compensation, amortization of acquisition-related
intangible assets, impairment of goodwill, impairment of acquisition-related intangible assets, impairment
of equity investment of FlashVision, Flash Partners and Flash Alliance, and amortization of bond discount.
The fourth quarter and fiscal year 2009 include a one-time cumulative adjustment of $16.2 million to
increase share-based compensation due to the way in which the Company’s third-party software application
incorrectly accounted for estimated forfeitures in share-based compensation calculations. This cumulative
adjustment relates to the nine months ended September 27, 2009 and the three years ended December 28,
2008, and is not material for any prior period or the current period.
F-56