SanDisk 2014 Annual Report Download - page 113

ITEM 6. SELECTED FINANCIAL DATA
Fiscal years ended
December 28, December 29, December 30, January 1, January 2,
2014(1) 2013(2) 2012(3) 2012(4) 2011(5)
(In millions, except per share data)
Revenue ....................... $ 6,627.7 $ 6,170.0 $ 5,052.5 $ 5,662.1 $ 4,826.8
Cost of revenue .................. 3,559.9 3,302.5 3,369.3 3,223.0 2,564.7
Gross profit .................... $ 3,067.8 $ 2,867.5 $ 1,683.2 $ 2,439.1 $ 2,262.1
Operating income ................ $ 1,557.9 $ 1,562.2 $ 696.1 $ 1,530.1 $ 1,461.6
Net income attributable to common
stockholders .................. 1,007.4 1,042.7 417.4 987.0 1,300.1
Net income attributable to common
stockholders per share:
Basic ......................... $ 4.52 $ 4.44 $ 1.72 $ 4.12 $ 5.59
Diluted ....................... $ 4.23 $ 4.34 $ 1.70 $ 4.04 $ 5.44
Shares used in computing net income
attributable to common stockholders
per share:
Basic ......................... 222.7 234.9 242.1 239.5 232.5
Diluted ....................... 238.2 240.2 245.3 244.6 238.9
Cash dividends declared per share ..... $ 1.05 $ 0.45 $ — $ — $ —
As of
December 28, December 29, December 30, January 1, January 2,
2014 2013 2012 2012 2011
(In millions)
Working capital .................. $ 2,009.2 $ 3,420.1 $ 2,724.7 $ 3,262.6 $ 3,072.6
Total assets ..................... 10,290.0 10,488.7 10,339.1 10,174.6 8,776.7
Convertible debt ................. 2,069.3 1,985.4 1,696.6 1,604.9 1,711.0
Total equity .................... 6,526.7 6,965.7 7,259.6 7,060.8 5,779.4
(1) Includes share-based compensation expense of $155 million, amortization of acquisition-related intangible assets
of $127 million, inventory step-up expense of $8 million, amortization of convertible debt bond discount of
$86 million, and restructuring and other expense of $33 million.
(2) Includes share-based compensation expense of $100 million, amortization of acquisition-related intangible assets
of $61 million, impairment of acquisition-related intangible assets of $83 million and amortization of convertible
debt bond discount of $68 million.
(3) Includes share-based compensation expense of $78 million, amortization of acquisition-related intangible assets
of $52 million, impairment of acquisition-related intangible assets of $1 million and amortization of convertible
debt bond discount of $90 million.
(4) Includes share-based compensation expense of $63 million, amortization of acquisition-related intangible assets
of $44 million, amortization of convertible debt bond discount of $91 million, a charge of $25 million related to a
power outage and earthquake experienced in Fab 3 and Fab 4, a loss of $11 million related to the early
extinguishment of debt and a net gain of $19 million related to the sale of our investment in certain equity
securities.
(5) Includes share-based compensation expense of $78 million, which includes $17 million due to a non-cash
modification of outstanding stock awards pursuant to the retirement of our former Chief Executive Officer,
amortization of acquisition-related intangible assets of $14 million, amortization of convertible debt bond
discount of $69 million, a charge of $18 million related to a power outage experienced in Fab 3 and Fab 4 and a
gain of $13 million related to the sale of the net assets of our mobile phone SIM business.
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Annual Report