Note to editors: Silicon Laboratories, Silicon Labs, the "S" symbol, and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders.
CONTACT: Jalene Hoover, +1 (512) 428-1610, Jalene.Hoover@silabs.com
Silicon Laboratories Inc. | |||||||
Condensed Consolidated Statements of Income | |||||||
(In thousands, except per share data) | |||||||
(Unaudited) | |||||||
|
| |||||||
|
| Three Months Ended |
| Nine Months Ended | ||||
|
| September 28,
|
| September 29,
|
| September 28,
|
| September 29,
|
Revenues | $223,294 |
| $230,243 |
| $618,116 |
| $652,733 |
Cost of revenues | 89,204 |
| 94,616 |
| 241,103 |
| 261,577 |
Gross profit | 134,090 |
| 135,627 |
| 377,013 |
| 391,156 |
Operating expenses: |
|
|
|
|
|
|
|
Research and development | 62,552 |
| 61,091 |
| 187,974 |
| 175,414 |
Selling, general and administrative | 47,718 |
| 49,406 |
| 145,571 |
| 148,896 |
Operating expenses | 110,270 |
| 110,497 |
| 333,545 |
| 324,310 |
Operating income | 23,820 |
| 25,130 |
| 43,468 |
| 66,846 |
Other income (expense): |
|
|
|
|
|
|
|
Interest income and other, net | 3,172 |
| 2,109 |
| 9,691 |
| 6,920 |
Interest expense | (5,126) |
| (4,932) |
| (15,128) |
| (14,703) |
Income before income taxes | 21,866 |
| 22,307 |
| 38,031 |
| 59,063 |
Provision (benefit) for income taxes | 1,685 |
| (5,454) |
| 28,481 |
| (9,383) |
Net income | $ 20,181 |
| $ 27,761 |
| $ 9,550 |
| $ 68,446 |
|
|
|
|
|
|
|
|
|
Earnings per share: |
|
|
|
|
|
|
|
Basic | $ 0.47 |
| $ 0.64 |
| $ 0.22 |
| $ 1.59 |
| Diluted | $ 0.45 |
| $ 0.63 |
| $ 0.22 |
| $ 1.55 |
|
|
|
|
|
|
|
|
|
| Weighted-average common shares outstanding: |
|
|
|
|
|
|
|
| Basic | 43,358 |
| 43,256 |
| 43,311 |
| 43,177 |
| Diluted | 44,634 |
| 44,194 |
| 44,120 |
| 44,135 |
