Xilinx Announces 2014 Fiscal Q3 Results; 28nm Sales Reach $100

Xilinx Announces 2014 Fiscal Q3 Results; 28nm Sales Reach $100 Million

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XLNX-F

XILINX, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (In thousands, except per share amounts)
	Three Months Ended			Nine Months Ended

	December 28, 2013	September 28, 2013	December 29, 2012	December 28, 2013	December 29, 2012
Net revenues	$ 586,816	$ 598,937	$ 509,767	$ 1,764,708	$ 1,636,484
Cost of revenues	180,792	182,816	170,493	543,308	556,617
Gross margin	406,024	416,121	339,274	1,221,400	1,079,867
Operating expenses:
Research and development	128,092	125,002	129,055	364,635	364,389
Selling, general and administrative	91,794	96,339	86,823	280,520	274,952
Amortization of acquisition-related intangibles	2,589	2,418	2,554	7,425	7,021
Litigation and contingencies	(19,190)	28,600	—	9,410	—
Total operating expenses	203,285	252,359	218,432	661,990	646,362

Operating income	202,739	163,762	120,842	559,410	433,505
Interest and other expense, net	4,807	10,997	5,149	25,734	24,824
Income before income taxes	197,932	152,765	115,693	533,676	408,681
Provision for income taxes	22,055	11,304	12,045	59,315	51,765
Net income	$ 175,877	$ 141,461	$ 103,648	$ 474,361	$ 356,916
Net income per common share:
Basic	$ 0.66	$ 0.53	$ 0.40	$ 1.78	$ 1.36
Diluted	$ 0.61	$ 0.49	$ 0.38	$ 1.66	$ 1.31
Cash dividends per common share	$ 0.25	$ 0.25	$ 0.22	$ 0.75	$ 0.66
Shares used in per share calculations:
Basic	267,780	268,478	260,690	266,068	261,723
Diluted	288,195	290,685	271,174	285,380	271,861

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