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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Twelve Months Ended | ||||||
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December 31, |
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September 30, |
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December 31, |
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December 31, |
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December 31, |
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2015 |
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2015 |
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2014 |
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2015 |
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2014 |
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Net revenue |
$ 261,282 |
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$ 286,533 |
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$ 345,954 |
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$ 1,172,456 |
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$ 1,413,334 |
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Operating expenses |
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Cost of revenue |
140,222 |
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153,177 |
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205,395 |
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629,429 |
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794,704 |
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Research and development |
55,253 |
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55,832 |
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64,817 |
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230,212 |
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274,568 |
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Selling, general and administrative |
59,747 |
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64,817 |
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67,845 |
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246,559 |
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262,031 |
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Acquisition-related charges |
1,926 |
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2,390 |
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3,480 |
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12,526 |
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13,767 |
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Restructuring (credits) charges |
(850) |
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(584) |
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14,849 |
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4,595 |
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13,882 |
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Recovery of receivables from foundry supplier |
- |
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- |
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(485) |
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- |
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(485) |
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Loss (gain) on sale of assets |
- |
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427 |
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(4,364) |
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(1,626) |
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(4,364) |
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Total operating expenses |
256,298 |
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276,059 |
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351,537 |
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1,121,695 |
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1,354,103 |
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Income (loss) from operations |
4,984 |
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10,474 |
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(5,583) |
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50,761 |
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59,231 |
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Interest and other income (expense), net |
2,617 |
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55 |
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3,851 |
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7,534 |
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(2,005) |
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Income (loss) before income taxes |
7,601 |
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10,529 |
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(1,732) |
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58,295 |
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57,226 |
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Provision for income taxes |
(2,867) |
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(11,134) |
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(1,712) |
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(31,393) |
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(22,018) |
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Net income (loss) |
4,734 |
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(605) |
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(3,444) |
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26,902 |
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35,208 |
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Less: net income attributable to noncontrolling interest |
(36) |
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(9) |
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(3,013) |
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(11) |
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(3,013) |
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Net income (loss) attributable to Atmel |
$ 4,698 |
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$ (614) |
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$ (6,457) |
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$ 26,891 |
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$ 32,195 |
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Basic net income (loss) per share attributable to Atmel: |
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Net income (loss) per share |
$ 0.01 |
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$ - |
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$ (0.02) |
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$ 0.06 |
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$ 0.08 |
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Weighted-average shares used in basic net income (loss) per share calculations |
420,798 |
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419,293 |
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417,797 |
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418,759 |
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419,103 |
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Diluted net income (loss) per share attributable to Atmel: |
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Net income (loss) per share |
$ 0.01 |
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$ - |
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$ (0.02) |
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$ 0.06 |
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$ 0.08 |
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Weighted-average shares used in diluted net income (loss) per share calculations |
422,239 |
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419,293 |
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417,797 |
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420,287 |
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420,910 |
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Cash dividends declared and paid per share |
$ - |
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$ 0.04 |
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$ - |
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$ 0.12 |
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$ - |
