EXHIBIT 99.1
The following table has been adjusted to reflect the retroactive application of our adoption of Financial Accounting Standards Board Staff Position No. APB 14-1, or FSP APB 14-1, Accounting for Convertible Debt Instruments that May be Settled in Cash Upon Conversion, and Statement of Financial Accounting Standards No. 160, or SFAS 160, Noncontrolling Interests in Consolidated Financial Statements, an amendment of ARB No. 51, as described in Note 1, “Organization and Summary of Significant Accounting Policies” of the Notes to Consolidated Financial Statements.
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) attributable to common stockholders | $ | (1,986,624 | ) | $ | 190,616 | $ | 180,393 | $ | 386,384 | $ | 266,616 | |||||||||
Earnings (loss) per share: | ||||||||||||||||||||
Basic | $ | (8.82 | ) | $ | 0.84 | $ | 0.91 | $ | 2.11 | $ | 1.63 | |||||||||
Diluted | $ | (8.82 | ) | $ | 0.81 | $ | 0.87 | $ | 2.00 | $ | 1.44 | |||||||||
Shares used in computing earnings (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 | $ | 1,450,675 | $ | 2,377,399 | $ | 3,335,858 | $ | 2,004,598 | $ | 1,526,674 | ||||||||||
Total assets | 5,932,140 | 7,107,472 | 6,850,491 | 3,120,187 | 2,320,180 | |||||||||||||||
Convertible long-term debt | 954,094 | 903,580 | 856,595 | — | — | |||||||||||||||
Total equity | 3,440,721 | 5,156,303 | 4,997,470 | 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. |