Investor Contact:
Peter Schuman
Senior Director, Investor Relations
(408) 437-2026
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ATMEL CORPORATION |
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
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(In thousands, except for per share data) |
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(Unaudited) |
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Three Months Ended |
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Nine Months Ended | ||||||
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September 30, |
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June 30, |
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September 30, |
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September 30, |
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September 30, |
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2013 |
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2013 |
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2012 |
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2013 |
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2012 |
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Net revenue |
$ 356,268 |
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$ 347,816 |
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$ 360,990 |
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$ 1,033,227 |
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$ 1,087,027 |
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Operating expenses |
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Cost of revenue |
212,801 |
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199,891 |
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205,464 |
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610,530 |
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617,247 |
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Research and development |
66,790 |
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67,362 |
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59,966 |
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202,460 |
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192,647 |
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Selling, general and administrative |
55,793 |
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58,912 |
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68,036 |
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178,282 |
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208,881 |
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Acquisition-related charges |
1,685 |
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1,759 |
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1,530 |
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5,699 |
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5,442 |
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Restructuring charges (credit) |
8,149 |
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582 |
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(1,404) |
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51,545 |
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12,950 |
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Recovery of receivables from foundry supplier |
- |
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(83) |
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- |
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(522) |
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- |
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Credit from reserved grant income |
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- |
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- |
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(10,689) |
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Gain on sale of assets |
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- |
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(4,430) |
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- |
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Settlement charges |
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- |
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21,600 |
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- |
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Total operating expenses |
345,218 |
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328,423 |
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333,592 |
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1,065,164 |
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1,026,478 |
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Income (loss) from operations |
11,050 |
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19,393 |
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27,398 |
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(31,937) |
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60,549 |
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Interest and other income (expense), net |
1,414 |
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(738) |
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153 |
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1,028 |
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(3,787) |
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Income (loss) before income taxes |
12,464 |
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18,655 |
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27,551 |
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(30,909) |
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56,762 |
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(Provision for) benefit from income taxes |
(7,038) |
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(5,679) |
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(5,915) |
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1,644 |
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(13,985) |
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Net income (loss) |
$ 5,426 |
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$ 12,976 |
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$ 21,636 |
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$ (29,265) |
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$ 42,777 |
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Basic net income (loss) per share: |
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Net income (loss) per share |
$ 0.01 |
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$ 0.03 |
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$ 0.05 |
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$ (0.07) |
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$ 0.10 |
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Weighted-average shares used in basic net income (loss) per share calculations |
426,621 |
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428,239 |
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430,845 |
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427,944 |
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434,894 |
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Diluted net income (loss) per share: |
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Net income (loss) per share |
$ 0.01 |
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$ 0.03 |
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$ 0.05 |
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$ (0.07) |
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$ 0.10 |
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Weighted-average shares used in diluted net income (loss) per share calculations |
429,639 |
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430,536 |
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433,295 |
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427,944 |
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438,232 |
