­­Cypress Reports Second Quarter 2015 Results

 


CYPRESS SEMICONDUCTOR CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

ON A GAAP BASIS

(In thousands, except per-share data)

(Unaudited)











 Three Months Ended 




June 28,


March 29,


June 29,




2015


2015


2014










Revenues


$     484,778


$      209,137


$        183,601


Cost of revenues


346,705


244,789


88,231


Gross margin


138,073


(35,652)


95,370


Operating expenses:








Research and development 


81,227


50,522


40,927


Selling, general and administrative 


86,011


76,450


42,059


Acquisition costs and amortization of acquisition-related intangibles


41,758


7,397


1,800


Restructuring charges 


10,039


75,715


-


       Total operating expenses, net


219,035


210,084


84,786


Operating income (loss)


(80,962)


(245,736)


10,584


Interest and other income (loss), net 


(6,794)


(5,708)


(1,128)


Income (loss) before income taxes


(87,756)


(251,444)


9,456


Income tax provision (benefit)


2,934


(4,003)


299


Income (loss), net of taxes


(90,690)


(247,441)


9,157


Adjust for net loss attributable to noncontrolling interest


639


643


370


Net income (loss) attributable to Cypress


$      (90,051)


$    (246,798)


$            9,527










Net income (loss) per share attributable to Cypress:








Basic


$          (0.27)


$          (1.26)


$              0.06


Diluted


$          (0.27)


$          (1.26)


$              0.06


Cash dividend declared per share


$           0.11


$            0.11


$              0.11


Shares used in net income (loss) per share calculation:








Basic


333,334


196,471


157,936


Diluted


333,334


196,471


164,460



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