Financials Financials

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 STOCKHOLDERS’ EQUITY (DEFICIT)

FAIRCHILD SEMICONDUCTOR INTERNATIONAL, INC. AND SUBSIDIARIES

 

Common Stock Total
Stockholders’
Equity
(Deficit)
(In millions) Class A
Shares
Class B
Shares
Class A
Par
Value
Class B
Par
Value
Additional
Paid-In
Capital
  Accumulated
Deficit
  Treasury
Stock
(At Cost)
  Business
Equity
Balances at May 26, 1996   —   —   $—   $—     $—   $—       $—     $349.2     $349.2
—Revenues less expenses   —   —   — —     —   —   —   9.6   9.6
—Net intercompany activity   —   —   — —     —   —   —   (25.4 )     (25.4 )
Balances at March 10, 1997   —   —   — —     —   —   —   333.4   333.4
—Recapitalization of Business   —   —   — —     —   333.4   —   (333.4 )     —
—Distribution to National
——Semiconductor by Fairchild
  —   —   — —     —   (401.6 )   —   —   (401.6 )
PIK Note issued as additional
—purchase consideration for
—the stock of Fairchild
  —   —   — —     —   (77.0 )   —   —   (77.0 )
Issuance of common stock   28.8   33.6   0.1 0.1     7.6   —   —   —   7.8
Net income   —   —   — —     —   5.9   —   —   5.9
Dividends on redeemable
—preferred stock
  —   —   — —     —   (1.8 )   —   —   (1.8 )
Balances at May 25, 1997   28.8   33.6   0.1 0.1     7.6   (141.1 )   —   —   (133.3 )
—Net income   —   —   — —     —   20.6   —   —   20.6
—Dividends on redeemable
——preferred stock
  —   —   — —     —   (8.6 )   —   —   (8.6 )
—Adjustment to business
——equity assumed
  —   —   — —     —   2.4   —   —   2.4
—Issuance of common stock   0.4   —   — —     —   —   —   —   —
—Common stock split issued
——in the form of a stock
——dividend (4-1)
  —   —   0.2 0.2     (0.4 )    —   —   —   —
—Deferred compensation
——related to the grant of stock
——options
  —   —   — —     0.2   —   —   —   0.2

—Tax benefit from
——compensation related to
——lifting of restrictions on
——common stock owned by
——management investors

  —   —   — —     2.1   —   —   —   2.1
Balances at May 31, 1998   29.2   33.6   0.3 0.3     9.5   (126.7 )   —   —   (116.6 )
—Net loss   —   —   — —     —   (114.1 )   —   —   (114.1 )
—Dividends on redeemable
——preferred stock
  —   —   — —     —   (9.8 )   —   —   (9.8 )
—Issuance of common stock   0.2   —   — —     —   —   —   —   —
—Conversion of common stock   0.2   (0.2 )   — —     —   —   —   —   —
—Deferred compensation
——related to the grant of stock
——options
  —   —   — —     0.1   —   —   —   0.1
Balances at May 30, 1999   29.6   33.4   0.3 0.3     9.6   (250.6 )   —   —   (240.4 )
—Net income   —   —   — —     —   21.3   —   —   21.3
—Dividends on redeemable
——preferred stock
  —   —   — —     —   (2.0 )   —   —   (2.0 )
—Conversion of redeemable
——preferred stock
  5.3   —   0.1 —     92.1   —   —   —   92.2
—Exercise of stock options   0.8   —   — —     1.6   —   —   —   1.6
—Issuance of common stock
——in initial public offering
  20.0   —   0.2 —     344.8   —   —   —   345.0
—Conversion of common stock   5.0   (5.0 )   — —     —   —   —   —   —
—Deferred compensation
——related to the grant of stock
——options
  —   —   — —     1.4   —   —   —   1.4
Purchase of treasury stock   (0.3 )   —   — —     —   —   (5.9 )   —   (5.9 )
Balances at December 26, 1999   60.4   28.4   $0.6 $0.3     $449.5   $(231.3 )   $(5.9 )   $—   $213.2

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

Financials Financials