Linear Technology Reports Increased Quarterly Sales and Profits and Increases Its Quarterly Cash Dividend 50% From $0.10 To $0.15 Per Share

(1) Excludes 2,010 and 1,929 shares for the three and six months ended January 1, 2006, respectively, to conform diluted outstanding shares calculated under FAS123R to diluted shares calculated under prior accounting standards.

FAS123R - Stock Based Compensation became effective and was adopted by the Company during the quarter ended October 2, 2005. FAS123R requires the Company to estimate the cost of all forms of stock based compensation, including employee stock options, and to record a commensurate expense in the income statement. To supplement our consolidated financial statements presented in accordance with GAAP, we have shown above a non-GAAP (pro forma) presentation of the Company's earnings per share, which is adjusted to reflect the GAAP results to exclude all stock based compensation. This non-GAAP presentation of earnings per share is provided to enhance the user's overall understanding of the Company's historical financial performance and comparability between periods. We believe the non-GAAP results provide useful information to investors by excluding stock based compensation particularly during this transitional period when many companies have not yet adopted the provisions of FAS123R.

                            (Dollars in thousands)

                                                  January 1,       July 3,
                                                     2006            2005
                                                  (unaudited)     (audited)


    Current assets:
     Cash, cash equivalents and
      short-term investments                      $1,841,653     $1,790,912

     Accounts receivable, net of
      allowance for doubtful
      accounts of $1,808 ($1,713
      at July 3, 2005)                               128,336        125,864

     Inventories                                      37,098         34,328
     Deferred tax assets and other
      current assets
                                                      70,747         56,205

      Total current assets                         2,077,834      2,007,309

    Property, plant & equipment, net                 243,669        221,028
    Other non current assets                          50,369         57,897

    Total assets                                  $2,371,872     $2,286,234

                                                   January 1,        July 3,
                                                     2006            2005
                                                  (unaudited)     (audited)


    Current liabilities:
     Accounts payable                                $11,690        $11,800

     Accrued income taxes, payroll &
      other accrued liabilities                      161,018        152,231

     Deferred income on shipments
      to distributors                                 43,305         43,708

      Total current liabilities                      216,013        207,739

    Deferred tax and other long-term liabilities      69,337         71,461
    Stockholders' equity:

     Common stock                                    977,816        926,763
     Retained earnings                             1,113,544      1,083,110
     Accumulated other comprehensive
      income                                          (4,838)        (2,839)
      Total stockholders' equity                   2,086,522      2,007,034
                                                                     $2,371,872          $2,286,234

Review Article Be the first to review this article
Downstream : Solutuions for Post processing PCB Designs

Aldec Simulator Evaluate Now

Featured Video
ASIC Design Engineer for Infinera Corp at Sunnyvale, CA
DSP Tools Engineer for Cirrus Logic, Inc. at Austin, TX
Design Verification Engineer for intersil at Morrisville, NC
Design Verification Engineer for Cirrus Logic, Inc. at Austin, TX
Principal PIC Hardware Controls Engineer for Infinera Corp at Sunnyvale, CA
Upcoming Events
IC Open Innovation Panel During REUSE 2017 at Santa Clara Convention Center 5001 Great America Parkway Santa Clara CA - Dec 14, 2017
Essentials of Electronic Technology: A Crash Course at Columbia MD - Jan 16 - 18, 2018
Essentials of Digital Technology at MD - Feb 13 - 14, 2018
CST: Webinar series
Verific: SystemVerilog & VHDL Parsers
TrueCircuits: UltraPLL

Internet Business Systems © 2017 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