Note to editors: Silicon Laboratories, Silicon Labs, the "S" symbol, and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders.
CONTACT: Jalene Hoover, +1 (512) 428-1610, Jalene.Hoover@silabs.com
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Silicon Laboratories Inc. | ||||||||
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Condensed Consolidated Statements of Income | ||||||||
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(In thousands, except per share data) | ||||||||
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(Unaudited) | ||||||||
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Three Months Ended |
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Year Ended | |||||
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December 30,
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December 31,
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December 30,
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December 31,
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Revenues |
$201,018 |
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$182,610 |
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$768,867 |
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$697,626 |
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Cost of revenues |
81,754 |
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73,134 |
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314,676 |
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276,122 |
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Gross margin |
119,264 |
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109,476 |
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454,191 |
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421,504 |
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Operating expenses: |
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Research and development |
52,735 |
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50,626 |
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209,491 |
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199,744 |
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Selling, general and administrative |
40,139 |
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38,767 |
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159,726 |
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155,483 |
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Operating expenses |
92,874 |
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89,393 |
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369,217 |
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355,227 |
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Operating income |
26,390 |
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20,083 |
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84,974 |
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66,277 |
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Other income (expense): |
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Interest income and other, net |
1,963 |
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357 |
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6,057 |
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806 |
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Interest expense |
(4,863) |
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(648) |
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(14,128) |
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(2,587) |
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Income before income taxes |
23,490 |
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19,792 |
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76,903 |
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64,496 |
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Provision (benefit) for income taxes |
28,342 |
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(317) |
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29,811 |
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3,002 |
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Net income (loss) |
$ (4,852) |
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$ 20,109 |
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$ 47,092 |
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$ 61,494 |
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Earnings (loss) per share: |
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Basic |
$ (0.11) |
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$ 0.48 |
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$ 1.11 |
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$ 1.47 |
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Diluted |
$ (0.11) |
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$ 0.47 |
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$ 1.09 |
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$ 1.45 |
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Weighted-average common shares outstanding: |
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Basic |
42,656 |
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41,850 |
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42,446 |
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41,713 |
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Diluted |
42,656 |
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42,728 |
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43,332 |
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42,376 |
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