#0928F
XILINX, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share amounts) Three Months Ended Year Ended ------------------ ---------- Mar. 28, Mar. 29, Dec. 27, Mar. 28, Mar. 29, 2009 2008 2008 2009 2008 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (1) ----------- ----------- ----------- ----------- -- Net revenues $395,014 $475,760 $458,387 $1,825,184 $1,841,372 Cost of revenues 149,907 173,974 165,331 669,151 686,988 ------- ------- ------- ------- ------- Gross margin 245,107 301,786 293,056 1,156,033 1,154,384 ------- ------- ------- --------- --------- Operating expenses: Research and development 88,190 90,888 86,967 355,392 358,063 Selling, general and administra- tive 77,652 92,469 85,032 343,768 365,325 Amortization of acquisition- related intangibles 1,006 1,426 1,475 5,332 6,802 Restructuring charges - - - 22,023 -- - - - ------ -- Total operating expenses 166,848 184,783 173,474 726,515 730,190 ------- ------- ------- ------- ------- Operating income 78,259 117,003 119,582 429,518 424,194 Gain on early extinguishment of convertible debentures 20,934 - 89,672 110,606 -- Impairment loss on investments (967) (2,850) (19,540) (54,129) (2,850) Interest and other income (expense), net (1,431) 5,328 (575) 12,189 52,750 ------ ----- ---- ------ ------ Income before income taxes 96,795 119,481 189,139 498,184 474,094 Provision for income taxes 26,283 23,002 49,765 122,544 100,047 ------ ------ ------ ------- ------- Net income $70,512 $96,479 $139,374 $375,640 $374,047 ======= ======= ======== ======== ======== Net income per common share: Basic $0.26 $0.34 $0.51 $1.36 $1.27 ===== ===== ===== ===== ===== Diluted $0.26 $0.34 $0.51 $1.36 $1.25 ===== ===== ===== ===== ===== Cash dividends declared per common share $0.14 $0.12 $0.14 $0.56 $0.48 ===== ===== ===== ===== ===== Shares used in per share calculations: Basic 274,689 284,523 273,997 276,113 295,050 ======= ======= ======= ======= ======= Diluted 274,881 286,321 274,223 276,854 298,636 ======= ======= ======= ======= ======= (1) Derived from audited financial statements XILINX, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) March 28, March 29, 2009 2008 ---- ---- (Unaudited) (1) ASSETS Current assets: Cash, cash equivalents and short-term investments $1,324,933 $1,296,435 Accounts receivable, net 216,390 249,147 Inventories 119,832 130,250 Deferred tax assets and other current assets 91,313 144,364 ------ ------- Total current assets 1,752,468 1,820,196 Net property, plant and equipment 387,907 404,430 Long-term investments 347,787 564,269 Other assets 337,353 348,212 ------- ------- Total Assets $2,825,515 $3,137,107 ========== ========== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities $170,702 $228,988 Deferred income on shipments to distributors 62,364 111,678 ------ ------- Total current liabilities 233,066 340,666 Convertible debentures 690,125 999,851 Deferred tax liabilities 82,648 84,486 Other long-term liabilities 81,776 40,281 Stockholders' equity 1,737,900 1,671,823 --------- --------- Total Liabilities and Stockholders' Equity $2,825,515 $3,137,107 ========== ========== (1) Derived from audited financial statements XILINX, INC. SUPPLEMENTAL FINANCIAL INFORMATION (In thousands) Three Months Ended Year Ended ------------------ ---------- Mar. 28, Mar. 29, Dec. 27, Mar. 28, Mar. 29, 2009 2008 2008 2009 2008 ---- ---- ---- ---- ---- (Unaudited) (Unaudited) (Unaudited) (Unaudited) (1) ----------- ----------- ----------- ----------- -- SELECTED CASH FLOW INFORMATION: Depreciation $13,465 $13,876 $13,438 $55,632 $54,199 Amortization 3,312 4,219 4,120 15,885 17,756 Stock-based compensation 13,321 17,697 13,041 54,509 66,427 Net cash provided by operating activities 60,854 101,866 128,479 442,530 581,000 Purchases of property, plant and equipment (6,398) (6,238) (11,061) (39,109) (45,593) Payment of dividends to stockholders (38,552) (34,093) (38,357) (154,534) (139,974) Repurchases of common stock - (200,000) - (275,000) (550,000) Repurchases of convertible debentures (46,858) - (146,324) (193,182) - Proceeds from issuance of common stock to employees and excess tax benefit 20,259 57,677 2,992 104,638 148,071 STOCK-BASED COMPENSATION INCLUDED IN: Cost of revenues $1,375 $1,820 $1,337 $5,791 $7,605 Research and development 6,373 8,908 6,055 25,075 31,433 Selling, general and administrative 5,573 6,969 5,649 23,079 27,389 Restructuring charges - - - 564 - (1) Derived from audited financial statements
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