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CYPRESS SEMICONDUCTOR CORPORATION | |||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||
ON A GAAP BASIS | |||||||
(In thousands, except per-share data) | |||||||
(Unaudited) | |||||||
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|
|
|
|
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|
|
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Three Months Ended |
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|
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June 28, |
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March 29, |
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June 29, |
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|
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2015 |
|
2015 |
|
2014 |
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|
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|
|
|
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Revenues |
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$ 484,778 |
|
$ 209,137 |
|
$ 183,601 |
|
Cost of revenues |
|
346,705 |
|
244,789 |
|
88,231 |
|
Gross margin |
|
138,073 |
|
(35,652) |
|
95,370 |
|
Operating expenses: |
|
|
|
|
|
|
|
Research and development |
|
81,227 |
|
50,522 |
|
40,927 |
|
Selling, general and administrative |
|
86,011 |
|
76,450 |
|
42,059 |
|
Acquisition costs and amortization of acquisition-related intangibles |
|
41,758 |
|
7,397 |
|
1,800 |
|
Restructuring charges |
|
10,039 |
|
75,715 |
|
- |
|
Total operating expenses, net |
|
219,035 |
|
210,084 |
|
84,786 |
|
Operating income (loss) |
|
(80,962) |
|
(245,736) |
|
10,584 |
|
Interest and other income (loss), net |
|
(6,794) |
|
(5,708) |
|
(1,128) |
|
Income (loss) before income taxes |
|
(87,756) |
|
(251,444) |
|
9,456 |
|
Income tax provision (benefit) |
|
2,934 |
|
(4,003) |
|
299 |
|
Income (loss), net of taxes |
|
(90,690) |
|
(247,441) |
|
9,157 |
|
Adjust for net loss attributable to noncontrolling interest |
|
639 |
|
643 |
|
370 |
|
Net income (loss) attributable to Cypress |
|
$ (90,051) |
|
$ (246,798) |
|
$ 9,527 |
|
|
|
|
|
|
|
|
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Net income (loss) per share attributable to Cypress: |
|
|
|
|
|
|
|
Basic |
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$ (0.27) |
|
$ (1.26) |
|
$ 0.06 |
|
Diluted |
|
$ (0.27) |
|
$ (1.26) |
|
$ 0.06 |
|
Cash dividend declared per share |
|
$ 0.11 |
|
$ 0.11 |
|
$ 0.11 |
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Shares used in net income (loss) per share calculation: |
|
|
|
|
|
|
|
Basic |
|
333,334 |
|
196,471 |
|
157,936 |
|
Diluted |
|
333,334 |
|
196,471 |
|
164,460 |
|