.
.
.
EXHIBIT 13.1
SELECTED CONSOLIDATED FINANCIAL DATA
FIVE-YEAR SUMMARY
Years ended December 31,
(In thousands, except per share amounts) 2002 2001 2000 1999 1998
- ---------------------------------------- ---- ---- ---- ---- ----
STATEMENTS OF OPERATIONS DATA:
Net sales $ 711,684 $ 839,376 $1,376,815 $ 836,623 $ 654,342
Cost of sales 263,067 458,699 466,994 301,322 249,474
--------- --------- --------- --------- ---------
Gross margin 448,617 380,677 909,821 535,301 404,868
Research and development expenses 182,766 170,869 172,373 86,065 59,864
Selling, general, and administrative expenses 168,484 215,318 209,979 143,214 113,161
Acquired in-process research and development expense - - 6,305 - -
Restructuring and other special charges - 47,669 - - -
--------- --------- --------- --------- ---------
Income (loss) from operations 97,367 (53,179) 521,164 306,022 231,843
Gain on sale of WaferTech, LLC - - 178,105 - -
Interest and other income, net 25,961 40,176 46,145 37,055 12,340
--------- --------- --------- --------- ---------
Income (loss) before income taxes and equity investment 123,328 (13,003) 745,414 343,077 244,183
Provision for income taxes 32,065 26,779 247,107 111,499 79,356
Equity in loss of WaferTech, LLC - - 1,400 7,584 10,440
--------- --------- --------- --------- ---------
Net income (loss) $ 91,263 $ (39,782) $ 496,907 $ 223,994 $ 154,387
========= ========= ========= ========= =========
Net income (loss) per share:
Basic $ 0.24 $ (0.10) $ 1.25 $ 0.57 $ 0.41
Diluted 0.23 (0.10) 1.19 0.54 0.39
Shares used in computing income (loss) per share:
Basic 383,619 386,097 396,849 396,158 373,972
Diluted 391,708 386,097 416,629 414,928 406,356
BALANCE SHEET DATA:
Working capital $ 935,675 $ 882,421 $1,013,155 $ 785,359 $ 587,923
Total assets 1,371,737 1,361,427 2,004,134 1,439,599 1,093,331
Long-term debt - - - - -
Stockholders' equity 1,131,236 1,114,500 1,247,930 1,118,073 881,721
Book value per share 2.95 2.89 3.21 2.81 2.26