Microsemi Reports Fourth Quarter and Fiscal Year 2012 Results

Additional details reconciling the selected GAAP financial measure to the selected non-GAAP financial measure may be found in Notes Reconciling Non-GAAP Financial Information to GAAP Financial Information and in footnotes (1) - (10) below.

 

MICROSEMI CORPORATION

Consolidated Condensed Income and Operating Cash Flow

(Unaudited, in millions, except per share amounts)





















Quarter Ended


Fiscal Year Ended



Sep 30,

2012

Jul 1,

2012

Oct 2,

2011


Sep 30,

2012

Oct 2,

2011

Net sales


$

263.1


$

259.2


$

227.3



$

1,012.5


$

835.9


Cost of sales


112.7


114.6


97.4



459.9


394.7


Gross profit


$

150.4


$

144.6


$

129.9



$

552.6


$

441.2










Operating expenses








Selling, general and administrative


$

53.6


$

51.4


$

46.1



$

205.0


$

175.8


Research and development


42.8


44.0


32.4



168.5


114.2


Amortization of intangible assets


27.4


26.0


17.7



104.8


62.4


Acquisition costs


0.5


0.2


3.1



7.3


11.8


Restructuring charges


(0.5)


1.7


1.8



8.7


22.0


Total operating expenses


$

123.8


$

123.3


$

101.1



$

494.3


$

386.2










Operating income


$

26.6


$

21.3


$

28.8



$

58.3


$

55.0










Interest and other (expense), net


(8.6)


(9.0)


(6.7)



(73.0)


(33.0)


Income (loss) before income taxes


$

18.0


$

12.3


$

22.1



$

(14.7)


$

22.0


Provision (benefit) for income taxes


6.4


4.2


(21.3)



15.0


(33.7)


Net income (loss)


$

11.6


$

8.1


$

43.4



$

(29.7)


$

55.7










Earnings (loss) per share








Basic


$

0.13


$

0.09


$

0.51



$

(0.35)


$

0.66


Diluted


$

0.13


$

0.09


$

0.50



$

(0.35)


$

0.65










Weighted-average common shares outstanding








Basic


86.5


86.0


84.4



85.8


83.9


Diluted


88.8


87.9


86.0



85.8


85.7










Operating cash flow


$

55.2


$

54.7


$

56.0



$

171.2


$

146.6


Capital expenditures


(9.3)


(13.1)


(6.5)



(49.1)


(25.8)


Free cash flow


$

45.9


$

41.6


$

49.5



$

122.1


$

120.8



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
Featured Video
Jobs
Currently No Featured Jobs
Upcoming Events
RISC-V Workshop Chennai at IIT Madras Chinnai India - Jul 18 - 19, 2018
CDNLive Japan 2018 at The Yokohama Bay Hotel Tokyu Yokohama Japan - Jul 20, 2018
International Test Conference India 2018 at Bangalore India - Jul 22 - 24, 2018
MAPPS 2018 Summer Conference at The Belmond Charleston Place Charleston SC - Jul 22 - 25, 2018
TrueCircuits: IoTPLL



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise