Annual report pursuant to Section 13 and 15(d)

Supplementary Financial Information (unaudited)

v3.10.0.1
Supplementary Financial Information (unaudited)
 12 Months Ended
Dec. 29, 2018
Quarterly Financial Data [Abstract]  
Supplementary Financial Information (unaudited)
Supplementary Financial Information (unaudited) (1) 
The Company uses a 52 or 53 week fiscal year ending on the last Saturday in December. All quarters of 2018 and 2017 consisted of 13 weeks.
 
 
(In millions, except per share amounts)
  
2018
 
2017
  
Dec. 29
 
Sep. 29
 
June 30
 
Mar. 31
 
Dec. 30
 
Sep. 30
 
July 1
 
April 1
Net revenue
$
1,419

 
$
1,653

 
$
1,756

 
$
1,647

 
$
1,340

 
$
1,584

 
$
1,151

 
$
1,178

Cost of sales
882

 
992

 
1,104

 
1,050

 
888

 
1,013

 
765

 
800

Gross margin
537

 
661

 
652

 
597

 
452

 
571

 
386

 
378

Research and development
371

 
363

 
357

 
343

 
320

 
320

 
285

 
271

Marketing, general and administrative
138

 
148

 
142

 
134

 
134

 
132

 
127

 
123

Licensing gain
—

 
—

 
—

 
—

 
—

 
—

 
(25
)
 
(27
)
Operating income (loss)
28

 
150

 
153

 
120

 
(2
)
 
119

 
(1
)
 
11

Interest expense
(29
)

(30
)
 
(31
)
 
(31
)
 
(31
)

(31
)
 
(32
)
 
(32
)
Other income (expense), net
4

 
(6
)
 
1

 
1

 
2

 
(3
)
 
(3
)
 
(5
)
Income (loss) before income taxes
3

 
114

 
123

 
90

 
(31
)
 
85

 
(36
)
 
(26
)
Provision (benefit) for income taxes
(35
)
 
12

 
6

 
8

 
(12
)
 
22

 
3

 
5

Equity loss in investee
—

 
—

 
(1
)
 
(1
)
 
—

 
(2
)
 
(3
)
 
(2
)
Net income (loss)
38


102

 
116

 
81

 
(19
)

61

 
(42
)
 
(33
)
Earnings (loss) per share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.04

 
$
0.10

 
$
0.12

 
$
0.08

 
$
(0.02
)
 
$
0.06

 
$
(0.04
)
 
$
(0.04
)
Diluted
$
0.04

 
$
0.09

 
$
0.11

 
$
0.08

 
$
(0.02
)
 
$
0.06

 
$
(0.04
)
 
$
(0.04
)
Shares used in per share calculation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
1,002

 
987

 
972

 
968

 
965

 
957

 
945

 
939

Diluted
1,079

 
1,076

 
1,147

 
1,039

 
965

 
1,042

 
945

 
939



(1) 
Prior year amounts adjusted to reflect the retrospective application of ASU 2014-09, Revenue from Contracts with Customers. Refer to Note 2 Summary of Significant Accounting Policies.