Annual report pursuant to Section 13 and 15(d)

Supplementary Financial Information (unaudited)

v3.19.3.a.u2
Supplementary Financial Information (unaudited)
 12 Months Ended
Dec. 28, 2019
Quarterly Financial Data [Abstract]  
Supplementary Financial Information (unaudited)
Supplementary Financial Information (unaudited)
The Company uses a 52 or 53 week fiscal year ending on the last Saturday in December. All quarters of 2019 and 2018 consisted of 13 weeks.
 
 
(In millions, except per share amounts)
  
2019
 
2018
  
Dec. 28
 
Sep. 28
 
June 29
 
Mar. 30
 
Dec. 29
 
Sep. 29
 
June 30
 
Mar. 31
Net revenue
$
2,127

 
$
1,801

 
$
1,531

 
$
1,272

 
$
1,419

 
$
1,653

 
$
1,756

 
$
1,647

Cost of sales
1,178

 
1,024

 
910

 
751

 
882

 
992

 
1,104

 
1,050

Gross margin
949

 
777

 
621

 
521

 
537

 
661

 
652

 
597

Research and development
395

 
406

 
373

 
373

 
371

 
363

 
357

 
343

Marketing, general and administrative
206

 
185

 
189

 
170

 
138

 
148

 
142

 
134

Licensing gain
—

 
—

 
—

 
(60
)
 
—

 
—

 
—

 
—

Operating income
348

 
186

 
59

 
38

 
28

  
150

 
153

 
120

Interest expense
(18
)
 
(24
)
 
(25
)
 
(27
)
 
(29
)
 
(30
)
 
(31
)
 
(31
)
Other income (expense), net
(125
)
 
(36
)
 
3

 
(7
)
 
4

 
(6
)
 
1

 
1

Income before income taxes
205

 
126

 
37

 
4

 
3

 
114

 
123

 
90

Provision for (benefit from) income taxes
35

 
7

 
2

 
(13
)
 
(35
)
 
12

 
6

 
8

Equity loss in investee
—

 
1

 
—

 
(1
)
 
—

 
—

 
(1
)
 
(1
)
Net income
$
170

 
$
120

 
$
35

 
$
16

 
$
38

 
$
102

 
$
116

 
$
81

Earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.15

 
$
0.11

 
$
0.03

 
$
0.01

 
$
0.04

 
$
0.10

 
$
0.12

 
$
0.08

Diluted
$
0.15

 
$
0.11

 
$
0.03

 
$
0.01

 
$
0.04

 
$
0.09

 
$
0.11

 
$
0.08

Shares used in per share calculation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
1,140

 
1,097

 
1,084

 
1,044

 
1,002

 
987

 
972

 
968

Diluted
1,188

 
1,117

 
1,109

 
1,094

 
1,079

 
1,076

 
1,147

 
1,039