Cypress Reports First Quarter 2016 Results

 

CYPRESS SEMICONDUCTOR CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

ON A GAAP BASIS

(In thousands, except per-share data)

(Unaudited)








Three Months Ended



April 3,


January 3,



2016


2016

Revenues


$                  418,964


$                  450,128

Costs and expenses:





Cost of revenues


293,179


306,880

Research and development


73,967


73,682

Selling, general and administrative


74,501


85,385

Amortization of intangible assets


35,187


33,960

Impairment of acquisition-related intangible assets


33,944


Restructuring costs


270


1,406

Total costs and expenses


511,048


501,313

Operating loss


(92,084)


(51,185)

Interest and other expense, net


(6,250)


(3,556)

Loss before income taxes and non-controlling interest


(98,334)


(54,741)

Income tax provision


(3,742)


(15,726)

Equity in net loss of equity method investee


(2,078)


(2,330)

Net loss


(104,154)


(72,797)

Net loss attributable to non-controlling interests


132


467

Net loss attributable to Cypress


$                (104,022)


$                  (72,330)

Net loss per share attributable to Cypress:





Basic


$                      (0.32)


$                      (0.22)

Diluted


$                      (0.32)


$                      (0.22)

Cash dividend declared per share


$                        0.11


$                        0.11

Shares used in net loss per share calculation:





Basic


320,351


334,447

Diluted


320,351


334,447


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »



Review Article Be the first to review this article

EMA:

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Retail Therapy: Jump starting Black Friday
Peggy AycinenaIP Showcase
by Peggy Aycinena
REUSE 2016: Addressing the Four Freedoms
More Editorial  
Jobs
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
ACCOUNT MANAGER MUNICH GERMANY EU for EDA Careers at MUNICH, Germany
Manager, Field Applications Engineering for Real Intent at Sunnyvale, CA
AE-APPS SUPPORT/TMM for EDA Careers at San Jose-SOCAL-AZ, CA
Upcoming Events
Zuken Innovation World 2017, April 24 - 26, 2017, Hilton Head Marriott Resort & Spa in Hilton Head Island, SC at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017
CST Webinar Series



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — 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 Policy