EXHIBIT 13.1
Selected Consolidated Financial Data
Five-Year Summary
Years ended December 31, | ||||||||||||||||
(In thousands, except per share amounts) | 2003 | 2002 | 2001 | 2000 | 1999 | |||||||||||
Statements of Operations Data: | ||||||||||||||||
Net sales | $ | 827,207 | $ | 711,684 | $ | 839,376 | $ | 1,376,815 | $ | 836,623 | ||||||
Cost of sales | 265,873 | 263,067 | 458,699 | 466,994 | 301,322 | |||||||||||
Gross margin | 561,334 | 448,617 | 380,677 | 909,821 | 535,301 | |||||||||||
Research and development expenses | 178,543 | 182,766 | 170,869 | 172,373 | 86,065 | |||||||||||
Selling, general, and administrative expenses | 184,609 | 168,484 | 215,318 | 209,979 | 143,214 | |||||||||||
Acquired in-process research and development expense | — | — | — | 6,305 | — | |||||||||||
Restructuring and other special charges | — | — | 47,669 | — | — | |||||||||||
Income (loss) from operations | 198,182 | 97,367 | (53,179 | ) | 521,164 | 306,022 | ||||||||||
Gain on sale of WaferTech, LLC | — | — | — | 178,105 | — | |||||||||||
Interest and other income, net | 14,319 | 25,961 | 40,176 | 46,145 | 37,055 | |||||||||||
Income (loss) before income taxes and equity investment | 212,501 | 123,328 | (13,003 | ) | 745,414 | 343,077 | ||||||||||
Provision for income taxes | 57,376 | 32,065 | 26,779 | 247,107 | 111,499 | |||||||||||
Equity in loss of WaferTech, LLC | — | — | — | 1,400 | 7,584 | |||||||||||
Net income (loss) | $ | 155,125 | $ | 91,263 | $ | (39,782 | ) | $ | 496,907 | $ | 223,994 | |||||
Net income (loss) per share: | ||||||||||||||||
Basic | $ | 0.41 | $ | 0.24 | $ | (0.10 | ) | $ | 1.25 | $ | 0.57 | |||||
Diluted | 0.40 | 0.23 | (0.10 | ) | 1.19 | 0.54 | ||||||||||
Shares used in computing income (loss) per share: | ||||||||||||||||
Basic | 381,387 | 383,619 | 386,097 | 396,849 | 396,158 | |||||||||||
Diluted | 389,753 | 391,708 | 386,097 | 416,629 | 414,928 | |||||||||||
Balance Sheet Data: | ||||||||||||||||
Working capital | $ | 884,830 | $ | 909,858 | $ | 850,561 | $ | 1,002,764 | $ | 782,768 | ||||||
Total assets | 1,487,606 | 1,371,737 | 1,361,427 | 2,004,134 | 1,439,599 | |||||||||||
Stockholders’ equity | 1,102,404 | 1,131,236 | 1,114,500 | 1,247,930 | 1,118,073 | |||||||||||
Book value per share | 2.93 | 2.95 | 2.89 | 3.21 | 2.81 |