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Selected Financial Data | MD&A | Balance Sheets | Statements of Operations
Statements of Cash Flows | Statements of Stockholders’ Equity | Notes
Auditors’ Report | Market for Common Equity and Related Stockholder Matters
CONSOLIDATED STATEMENTS OF OPERATIONS |
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FAIRCHILD SEMICONDUCTOR INTERNATIONAL, INC. AND SUBSIDIARIES |
| Seven Months Ended December 26, 1999 |
Year Ended | ||||||||||||
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| (In millions, except per share data) | May 30, 1999 |
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May 31, 1998 |
May 25, 1997 |
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| Revenue: —Net sales—trade |
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$714.0 | |
$654.1 | $635.8 | $587.8 | |||||||
| —Contract manufacturing | 72.2 | 81.0 | 153.4 | 104.2 | |||||||||
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| ——Total revenue | 786.2 | 735.1 | 789.2 | 692.0 | |||||||||
| Operating expenses: —Cost of sales—trade |
499.9 | 518.4 | 441.6 | 442.1 | |||||||||
| —Cost of contract manufacturing | 51.4 | 64.4 | 117.1 | 97.4 | |||||||||
| —Research and development | 35.0 | 39.3 | 35.7 | 18.9 | |||||||||
| —Selling, general and administrative | 117.4 | 105.1 | 92.0 | 96.4 | |||||||||
| —Purchased in-process research and development | — | 34.0 | 15.5 | — | |||||||||
| —Restructuring and impairments | — | 21.3 | — | 5.3 | |||||||||
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| ——Total operating expenses | 703.7 | 782.5 | 701.9 | 660.1 | |||||||||
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| Operating income (loss) | 82.5 | (47.4 | ) | 87.3 | 31.9 | ||||||||
| Interest expense, net | 56.2 | 71.8 | 54.5 | 11.2 | |||||||||
| Other expense, net | — | — | — | 1.4 | |||||||||
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| Income (loss) before income taxes | 26.3 | (119.2 | ) | 32.8 | 19.3 | ||||||||
| Provision (benefit) for income taxes | 5.0 | (5.1 | ) | 10.7 | 3.8 | ||||||||
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| Income (loss) before cumulative effect of —change in accounting principle |
21.3 | (114.1 | ) | 22.1 | 15.5 | ||||||||
| Cumulative effect of change in accounting principle, —net of tax effect of $0.8 million |
— | — | (1.5 | ) | — | ||||||||
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| Net income (loss) | $21.3 | $(114.10 | ) | $20.6 | $15.5 | ||||||||
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| Net income (loss) applicable to common stockholders | $19.3 | $(123.90 | ) | $11.9 | $13.7 | ||||||||
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| Basic earnings (loss) per common share: —Income before cumulative effect of ——change in accounting principle |
$0.24 | $(1.97 | ) | $0.21 | |||||||||
| Cumulative effect of change —in accounting principle |
— | — | (0.02 | ) | |||||||||
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| $0.24 | $(1.97 | ) | $0.19 | ||||||||||
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| Diluted earnings (loss) per common share: —Income before cumulative effect of ——change in accounting principle |
$0.23 | $(1.97 | ) | $0.20 | |||||||||
| Cumulative effect of change —in accounting principle |
— | — | (0.02 | ) | |||||||||
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| $0.23 | $(1.97 | ) | $0.18 | ||||||||||
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| Weighted average common shares: —Basic |
80.0 | 62.9 | 62.8 | ||||||||||
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| Diluted | 83.7 | 62.9 | 65.0 | ||||||||||
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See accompanying notes to consolidated financial statements.
Selected Financial Data | MD&A | Balance Sheets | Statements of Operations
Statements of Cash Flows | Statements of Stockholders’ Equity | Notes
Auditors’ Report | Market for Common Equity and Related Stockholder Matters
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