MICROSEMI CORPORATION

Consolidated Condensed Statement of Income and Operating Cash Flow

(unaudited, in millions, except per share amounts)

Quarter Ended

Dec 30,
2012

Sep 30,
2012

Jan 1,
2012

Net sales

$

247.6

$

263.1

$

240.9

Cost of sales

105.0

112.7

115.2

Gross profit

$

142.6

$

150.4

$

125.7

Operating expenses

Selling, general and administrative

$

51.3

$

53.6

$

48.6

Research and development

43.2

42.8

39.6

Amortization of intangible assets

21.7

27.4

24.9

Acquisition costs

—

0.5

6.1

Restructuring charges

0.9

(0.5)

7.2

Total operating expenses

$

117.1

$

123.8

$

126.4

Operating income (loss)

$

25.5

$

26.6

$

(0.7)

Interest and other (expense), net

(8.3)

(8.6)

(44.2)

Income (loss) before income taxes

$

17.2

$

18.0

$

(44.9)

Provision (benefit) for income taxes

3.0

6.4

(0.3)

Net income (loss)

$

14.2

$

11.6

$

(44.6)

Earnings (loss) per share

Basic

$

0.16

$

0.13

$

(0.52)

Diluted

$

0.16

$

0.13

$

(0.52)

Weighted-average common shares outstanding

Basic

88.5

86.5

85.2

Diluted

90.1

88.8

85.2

Operating cash flow

$

28.1

$

55.2

$

19.2

Capital expenditures

(8.5)

(9.3)

(12.4)

Free cash flow

$

19.6

$

45.9

$

6.8