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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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 |
$ 353,220 |
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$ 356,268 |
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$ 345,083 |
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$ 1,386,447 |
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$ 1,432,110 |
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Operating expenses |
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Cost of revenue |
202,292 |
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212,801 |
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213,544 |
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812,822 |
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830,791 |
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Research and development |
64,625 |
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66,790 |
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58,872 |
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267,085 |
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251,519 |
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Selling, general and administrative |
61,298 |
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55,793 |
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66,376 |
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239,580 |
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275,257 |
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Acquisition-related (credits) charges |
(165) |
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1,685 |
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1,946 |
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5,534 |
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7,388 |
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Restructuring (credits) charges |
(1,519) |
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8,149 |
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11,036 |
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50,026 |
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23,986 |
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(Recovery) impairment of receivables from foundry suppliers |
(78) |
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- |
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6,495 |
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(600) |
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6,495 |
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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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- |
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(4,430) |
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- |
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Settlement charges |
- |
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- |
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- |
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21,600 |
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- |
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Total operating expenses |
326,453 |
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345,218 |
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358,269 |
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1,391,617 |
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1,384,747 |
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Income (loss) from operations |
26,767 |
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11,050 |
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(13,186) |
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(5,170) |
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47,363 |
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Interest and other income (expense), net |
931 |
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1,414 |
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(1,338) |
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1,959 |
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(5,125) |
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Income (loss) before income taxes |
27,698 |
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12,464 |
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(14,524) |
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(3,211) |
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42,238 |
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(Provision for) benefit from income taxes |
(23,186) |
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(7,038) |
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2,192 |
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(21,542) |
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(11,793) |
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Net income (loss) |
$ 4,512 |
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$ 5,426 |
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$ (12,332) |
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$ (24,753) |
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$ 30,445 |
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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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$ 0.01 |
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$ (0.03) |
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$ (0.06) |
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$ 0.07 |
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Weighted-average shares used in basic net income (loss) per share calculations |
426,021 |
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426,621 |
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429,312 |
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427,460 |
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433,017 |
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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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$ 0.01 |
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$ (0.03) |
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$ (0.06) |
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$ 0.07 |
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Weighted-average shares used in diluted net income (loss) per share calculations |
428,008 |
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429,639 |
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429,312 |
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427,460 |
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437,582 |
