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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 |
| Year Ended | ||||
|
| December 28,
|
| December 29,
|
| December 28,
|
| December 29,
|
Revenues | $219,438 |
| $215,534 |
| $837,554 |
| $868,267 |
Cost of revenues | 86,167 |
| 85,291 |
| 327,270 |
| 346,868 |
Gross profit | 133,271 |
| 130,243 |
| 510,284 |
| 521,399 |
Operating expenses: |
|
|
|
|
|
|
|
Research and development | 69,176 |
| 62,933 |
| 257,150 |
| 238,347 |
Selling, general and administrative | 50,866 |
| 48,948 |
| 196,437 |
| 197,844 |
Operating expenses | 120,042 |
| 111,881 |
| 453,587 |
| 436,191 |
Operating income | 13,229 |
| 18,362 |
| 56,697 |
| 85,208 |
Other income (expense): |
|
|
|
|
|
|
|
Interest income and other, net | 3,494 |
| (273) |
| 13,185 |
| 6,647 |
Interest expense | (5,105) |
| (4,991) |
| (20,233) |
| (19,694) |
Income before income taxes | 11,618 |
| 13,098 |
| 49,649 |
| 72,161 |
Provision (benefit) for income taxes | 1,903 |
| (2,047) |
| 30,384 |
| (11,430) |
Net income | $ 9,715 |
| $ 15,145 |
| $ 19,265 |
| $ 83,591 |
|
|
|
|
|
|
|
|
|
Earnings per share: |
|
|
|
|
|
|
|
Basic | $ 0.22 |
| $ 0.35 |
| $ 0.44 |
| $ 1.94 |
Diluted | $ 0.22 |
| $ 0.35 |
| $ 0.43 |
| $ 1.90 |
|
|
|
|
|
|
|
|
|
| Weighted-average common shares outstanding: |
|
|
|
|
|
|
|
| Basic | 43,450 |
| 43,109 |
| 43,346 |
| 43,159 |
| Diluted | 44,801 |
| 43,774 |
| 44,290 |
| 44,044 |
Silicon Labs and Amazon Collaborate on Sidewalk, a New Shared Network for IoT Consumer Devices