#0928F
XILINX, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
Three Months Ended Year Ended
------------------ ----------
Mar. 28, Mar. 29, Dec. 27, Mar. 28, Mar. 29,
2009 2008 2008 2009 2008
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (1)
----------- ----------- ----------- ----------- --
Net revenues $395,014 $475,760 $458,387 $1,825,184 $1,841,372
Cost of
revenues 149,907 173,974 165,331 669,151 686,988
------- ------- ------- ------- -------
Gross margin 245,107 301,786 293,056 1,156,033 1,154,384
------- ------- ------- --------- ---------
Operating
expenses:
Research and
development 88,190 90,888 86,967 355,392 358,063
Selling,
general and
administra-
tive 77,652 92,469 85,032 343,768 365,325
Amortization
of
acquisition-
related
intangibles 1,006 1,426 1,475 5,332 6,802
Restructuring
charges - - - 22,023 --
- - - ------ --
Total
operating
expenses 166,848 184,783 173,474 726,515 730,190
------- ------- ------- ------- -------
Operating
income 78,259 117,003 119,582 429,518 424,194
Gain on early
extinguishment
of convertible
debentures 20,934 - 89,672 110,606 --
Impairment
loss on
investments (967) (2,850) (19,540) (54,129) (2,850)
Interest and
other income
(expense), net (1,431) 5,328 (575) 12,189 52,750
------ ----- ---- ------ ------
Income before
income taxes 96,795 119,481 189,139 498,184 474,094
Provision for
income taxes 26,283 23,002 49,765 122,544 100,047
------ ------ ------ ------- -------
Net income $70,512 $96,479 $139,374 $375,640 $374,047
======= ======= ======== ======== ========
Net income per
common share:
Basic $0.26 $0.34 $0.51 $1.36 $1.27
===== ===== ===== ===== =====
Diluted $0.26 $0.34 $0.51 $1.36 $1.25
===== ===== ===== ===== =====
Cash dividends
declared per
common share $0.14 $0.12 $0.14 $0.56 $0.48
===== ===== ===== ===== =====
Shares used in
per share
calculations:
Basic 274,689 284,523 273,997 276,113 295,050
======= ======= ======= ======= =======
Diluted 274,881 286,321 274,223 276,854 298,636
======= ======= ======= ======= =======
(1) Derived from audited financial statements
XILINX, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
March 28, March 29,
2009 2008
---- ----
(Unaudited) (1)
ASSETS
Current assets:
Cash, cash
equivalents and
short-term
investments $1,324,933 $1,296,435
Accounts
receivable, net 216,390 249,147
Inventories 119,832 130,250
Deferred tax
assets and other
current assets 91,313 144,364
------ -------
Total current
assets 1,752,468 1,820,196
Net property,
plant and
equipment 387,907 404,430
Long-term
investments 347,787 564,269
Other assets 337,353 348,212
------- -------
Total Assets $2,825,515 $3,137,107
========== ==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
and accrued
liabilities $170,702 $228,988
Deferred income on
shipments to
distributors 62,364 111,678
------ -------
Total current
liabilities 233,066 340,666
Convertible
debentures 690,125 999,851
Deferred tax
liabilities 82,648 84,486
Other long-term
liabilities 81,776 40,281
Stockholders'
equity 1,737,900 1,671,823
--------- ---------
Total Liabilities
and Stockholders'
Equity $2,825,515 $3,137,107
========== ==========
(1) Derived from audited financial
statements
XILINX, INC.
SUPPLEMENTAL FINANCIAL INFORMATION
(In thousands)
Three Months Ended Year Ended
------------------ ----------
Mar. 28, Mar. 29, Dec. 27, Mar. 28, Mar. 29,
2009 2008 2008 2009 2008
---- ---- ---- ---- ----
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (1)
----------- ----------- ----------- ----------- --
SELECTED CASH
FLOW
INFORMATION:
Depreciation $13,465 $13,876 $13,438 $55,632 $54,199
Amortization 3,312 4,219 4,120 15,885 17,756
Stock-based
compensation 13,321 17,697 13,041 54,509 66,427
Net cash
provided by
operating
activities 60,854 101,866 128,479 442,530 581,000
Purchases of
property,
plant and
equipment (6,398) (6,238) (11,061) (39,109) (45,593)
Payment of
dividends to
stockholders (38,552) (34,093) (38,357) (154,534) (139,974)
Repurchases of
common stock - (200,000) - (275,000) (550,000)
Repurchases of
convertible
debentures (46,858) - (146,324) (193,182) -
Proceeds from
issuance of
common stock
to employees
and excess
tax benefit 20,259 57,677 2,992 104,638 148,071
STOCK-BASED
COMPENSATION
INCLUDED IN:
Cost of
revenues $1,375 $1,820 $1,337 $5,791 $7,605
Research and
development 6,373 8,908 6,055 25,075 31,433
Selling, general
and
administrative 5,573 6,969 5,649 23,079 27,389
Restructuring
charges - - - 564 -
(1) Derived from audited financial statements
Web site: http://www.xilinx.com/
