Microsemi Reports Third Quarter 2013 Results

Additional details reconciling the selected GAAP financial measure to the selected non-GAAP financial measure may be found in "Notes on Non-GAAP Financial Measures".

 

 

MICROSEMI CORPORATION

Summary of Schedule Reconciling Selected Non-GAAP Financial Measures

to Comparable GAAP Financial Measures

(unaudited, in millions, except for per share amounts)
















Quarter Ended June 30, 2013



GAAP


Non-GAAP
Adjustments


Non-GAAP

Net sales


$

242.6



$



$

242.6


Gross profit


$

138.3



$



$

138.3


Operating income


$

25.2



$

29.6



$

54.8


Net income


$

18.3



$

26.5



$

44.8


Diluted earnings per share


$

0.20



$

0.29



$

0.49


Additional details reconciling the selected GAAP financial measure to the selected non-GAAP financial measure may be found in the "Schedule Reconciling Selected Non-GAAP Financial Measures to Comparable GAAP Financial Measures" and "Notes on Non-GAAP Financial Measures".

 

 

 

MICROSEMI CORPORATION

Consolidated Condensed Statement of Income and Cash Flow

(unaudited, in millions, except per share amounts)
























Quarter Ended


Nine Months



Jun 30,

2013


Mar 31,

2013


Jul 1,

2012


Jun 30,

2013


Jul 1,

2012

Net sales


$

242.6



$

235.3



$

259.2



$

725.6



$

749.4


Cost of sales


104.3



101.8



114.6



311.2



347.2


Gross profit


$

138.3



$

133.5



$

144.6



$

414.4



$

402.2













Operating expenses











Selling, general and administrative


$

48.8



$

52.3



$

51.4



$

152.5



$

151.4


Research and development


42.2



42.0



44.0



127.3



125.7


Amortization of intangible assets


21.0



21.1



26.0



63.9



77.4


Restructuring charges


1.1



6.3



1.7



8.1



9.1


Acquisition costs






0.2





6.8


Total operating expenses


$

113.1



$

121.7



$

123.3



$

351.8



$

370.4













Operating income


$

25.2



$

11.8



$

21.3



$

62.6



$

31.8













Interest and other (expense), net


(7.0)



(11.3)



(9.0)



(26.7)



(64.5)


Income (loss) before income taxes


$

18.2



$

0.5



$

12.3



$

35.9



$

(32.7)


Provision (benefit) for income taxes


(0.1)



3.4



4.2



6.3



8.6


Net income (loss)


$

18.3



$

(2.9)



$

8.1



$

29.6



$

(41.3)













Earnings (loss) per share











Basic


$

0.20



$

(0.03)



$

0.09



$

0.33



$

(0.48)


Diluted


$

0.20



$

(0.03)



$

0.09



$

0.33



$

(0.48)













Weighted-average common shares outstanding











Basic


89.8



89.4



86.0



89.2



85.7


Diluted


91.7



89.4



87.9



90.8



85.7













Operating cash flow


$

52.6



$

31.9



$

54.7



$

112.6



$

116.0


Capital expenditures


(13.6)



(9.0)



(13.1)



(31.1)



(39.8)


Free cash flow


$

39.0



$

22.9



$

41.6



$

81.5



$

76.2



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »
Featured Video
Jobs
GPU Design Verification Engineer for AMD at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Upcoming Events
Phil Kaufman Award Ceremony and Banquet to be held November 6 at Hayes Mansion at Hayes Mansion 200 Edenvale Ave San Jose CA - Nov 6, 2024
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise