| Dec. 29, 2002 |
Dec. 30, 2001* |
||||||
| (unaudited) |
|||||||
| Assets |
|||||||
| Current assets: |
|||||||
| Cash, cash equivalents and short-term investments |
$ |
1,037,705 |
$ |
869,997 |
| ||
| Accounts receivable, net |
|
395,828 |
|
659,783 |
| ||
| Inventories |
|
432,603 |
|
380,474 |
| ||
| Deferred income taxes |
|
— |
|
155,898 |
| ||
| Prepaid expenses and other current assets |
|
153,542 |
|
286,957 |
| ||
| Total current assets |
|
2,019,678 |
|
2,353,109 |
| ||
| Property, plant and equipment, net |
|
2,880,809 |
|
2,739,138 |
| ||
| Investment in joint venture |
|
382,942 |
|
363,611 |
| ||
| Deferred income taxes |
|
— |
|
— |
| ||
| Other assets |
|
335,752 |
|
191,384 |
| ||
| $ |
5,619,181 |
$ |
5,647,242 |
| |||
| | |||||||
| Liabilities and Stockholders’ Equity |
|||||||
| Current liabilities: |
|||||||
| Accounts payable |
$ |
352,438 |
$ |
304,990 |
| ||
| Accrued compensation and benefits |
|
185,744 |
|
129,042 |
| ||
| Accrued liabilities |
|
593,778 |
|
443,995 |
| ||
| Income taxes payable |
|
21,246 |
|
56,234 |
| ||
| Deferred income on shipments to distributors |
|
57,184 |
|
47,978 |
| ||
| Current portion of long-term debt, capital lease obligations and other |
|
161,689 |
|
331,698 |
| ||
| Total current liabilities |
|
1,372,079 |
|
1,313,937 |
| ||
| Deferred income taxes |
|
— |
|
105,305 |
| ||
| Long-term debt, capital lease obligations and other, less current portion |
|
1,779,837 |
|
672,945 |
| ||
| Stockholders’ equity: |
|||||||
| Capital stock: |
|||||||
| Common stock, par value |
|
3,445 |
|
3,405 |
| ||
| Capital in excess of par value |
|
1,921,247 |
|
1,889,217 |
| ||
| Retained earnings |
|
492,668 |
|
1,795,680 |
| ||
| Accumulated other comprehensive income (loss) |
|
49,905 |
|
(133,247 |
) | ||
| Total stockholders’ equity |
|
2,467,265 |
|
3,555,055 |
| ||
| $ |
5,619,181 |
$ |
5,647,242 |
| |||
| | |||||||
| Quarter Ended |
Year Ended |
|||||||||||||||||||
| Dec. 29, 2002
(Unaudited) |
Sept. 29 2002
(Unaudited) |
Dec. 30, 2001
(Unaudited) |
Dec. 29, 2002
(Unaudited) |
Dec. 30, 2001*
|
||||||||||||||||
| Net sales |
$ |
686,430 |
|
$ |
508,227 |
|
$ |
951,873 |
|
$ |
2,697,029 |
|
$ |
3,891,754 |
| |||||
| Cost of sales |
|
506,613 |
|
|
453,884 |
|
|
644,662 |
|
|
2,105,661 |
|
|
2,589,747 |
| |||||
| Research and development |
|
244,848 |
|
|
220,959 |
|
|
160,871 |
|
|
816,114 |
|
|
650,930 |
| |||||
| Marketing, general and administrative |
|
194,389 |
|
|
158,568 |
|
|
163,684 |
|
|
670,065 |
|
|
620,030 |
| |||||
| Restructuring and other special charges |
|
330,575 |
|
|
— |
|
|
— |
|
|
330,575 |
|
|
89,305 |
| |||||
| |
1,276,425 |
|
|
833,411 |
|
|
969,217 |
|
|
3,922,415 |
|
|
3,950,012 |
| ||||||
| Operating loss |
|
(589,995 |
) |
|
(325,184 |
) |
|
(17,344 |
) |
|
(1,225,386 |
) |
|
(58,258 |
) | |||||
| Interest and other income, net |
|
992 |
|
|
12,941 |
|
|
5,784 |
|
|
32,132 |
|
|
25,695 |
| |||||
| Interest expense |
|
(22,296 |
) |
|
(21,166 |
) |
|
(9,570 |
) |
|
(71,349 |
) |
|
(61,360 |
) | |||||
| Loss before income taxes and equity in net income (loss) of joint venture |
|
(611,299 |
) |
|
(333,409 |
) |
|
(21,130 |
) |
|
(1,264,603 |
) |
|
(93,923 |
) | |||||
| Provision (benefit) for income taxes |
|
243,470 |
|
|
(73,350 |
) |
|
(5,705 |
) |
|
44,586 |
|
|
(14,463 |
) | |||||
| Loss before equity in net income (loss) of joint venture |
|
(854,769 |
) |
|
(260,059 |
) |
|
(15,425 |
) |
|
(1,309,189 |
) |
|
(79,460 |
) | |||||
| Equity in net income (loss) of joint venture |
|
29 |
|
|
5,888 |
|
|
(417 |
) |
|
6,177 |
|
|
18,879 |
| |||||
| Net loss |
$ |
(854,740 |
) |
$ |
(254,171 |
) |
$ |
(15,842 |
) |
$ |
(1,303,012 |
) |
$ |
(60,581 |
) | |||||
| Net loss per common share |
||||||||||||||||||||
| Basic |
$ |
(2.49 |
) |
$ |
(0.74 |
) |
$ |
(0.05 |
) |
$ |
(3.81 |
) |
$ |
(0.18 |
) | |||||
| Diluted |
$ |
(2.49 |
) |
$ |
(0.74 |
) |
$ |
(0.05 |
) |
$ |
(3.81 |
) |
$ |
(0.18 |
) | |||||
| Shares used in per share calculation |
||||||||||||||||||||
| — Basic |
|
343,949 |
|
|
342,780 |
|
|
340,119 |
|
|
342,334 |
|
|
332,407 |
| |||||
| — Diluted |
|
343,949 |
|
|
342,780 |
|
|
340,119 |
|
|
342,334 |
|
|
332,407 |
| |||||