EXHIBIT 13.1
SELECTED CONSOLIDATED FINANCIAL DATA
FIVE-YEAR SUMMARY
Years ended December 31,
(In thousands, except per share amounts) 2001 2000 1999 1998 1997
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STATEMENTS OF OPERATIONS DATA:
Net sales $ 839,376 $1,376,815 $ 836,623 $ 654,342 $ 631,114
Cost of sales 458,699 466,994 301,322 249,474 236,958
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Gross margin 380,677 909,821 535,301 404,868 394,156
Research and development expenses 170,869 172,373 86,065 59,864 54,417
Selling, general, and administrative expenses 215,318 209,979 143,214 113,161 112,784
Acquired in-process research and development expense - 6,305 - - -
Restructuring and other special charges 47,669 - - - -
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Income (loss) from operations (53,179) 521,164 306,022 231,843 226,955
Gain on sale of WaferTech, LLC - 178,105 - - -
Interest and other income, net 40,176 46,145 37,055 12,340 2,616
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Income (loss) before income taxes, equity investment, and
cumulative effect of change in accounting principle (13,003) 745,414 343,077 244,183 229,571
Provision for income taxes 26,779 247,107 111,499 79,356 78,054
Equity in loss of WaferTech, LLC - 1,400 7,584 10,440 -
Cumulative effect of change in accounting principle - - - - 18,064
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Net income (loss) $ (39,782) $ 496,907 $ 223,994 $ 154,387 $ 133,453
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Net income (loss) per share:
Basic $ (0.10) $ 1.25 $ 0.57 $ 0.41 $ 0.38
Diluted (0.10) 1.19 0.54 0.39 0.34
Shares used in computing income (loss) per share:
Basic 386,097 396,849 396,158 373,972 354,100
Diluted 386,097 416,629 414,928 406,356 410,464
BALANCE SHEET DATA:
Working capital $ 882,421 $1,013,155 $ 785,359 $ 587,923 $ 430,371
Total assets 1,361,427 2,004,134 1,439,599 1,093,331 952,518
Long-term debt - - - - 230,000
Stockholders' equity 1,114,500 1,247,930 1,118,073 881,721 536,687
Book value per share 2.89 3.21 2.81 2.26 1.50