Linear Technology reports revenue and net income similar to the second quarter of the previous fiscal year, but down sequentially from the September quarter

FAS123R -- Share-Based Payment 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.


                        LINEAR TECHNOLOGY CORPORATION
                    CONSOLIDATED CONDENSED BALANCE SHEETS
                            (Dollars in thousands)

                                                 December 31,      July 2,
                                                     2006           2006
                                                 (unaudited)      (audited)
    ASSETS
     Current assets:
      Cash, cash equivalents and
       short-term investments                     $1,783,558     $1,819,587

      Accounts receivable, net of
       allowance for doubtful
       accounts of $1,797 ($1,808
       at July 2, 2006)                              151,093        154,297

      Inventories                                     45,365         39,031
      Deferred tax assets and
       Other current assets                           68,659         64,221
        Total current assets                       2,048,675      2,077,136

     Property, plant & equipment, net                260,800        247,969
     Other noncurrent assets                          65,891         65,790
    Total assets                                  $2,375,366     $2,390,895

    LIABILITIES & STOCKHOLDERS' EQUITY:
     Current liabilities:
       Accounts payable                              $15,216        $14,574

     Accrued income taxes, payroll &
      other accrued liabilities                      157,159        174,239

     Deferred income on shipments
      to distributors                                 41,864         48,013
        Total current liabilities                    214,239        236,826

     Deferred tax and other long-term
      liabilities                                     46,913         49,571

    Stockholders' equity:

       Common stock                                1,107,567      1,063,446
       Retained earnings                           1,008,200      1,046,137
       Accumulated other
        comprehensive income                          (1,553)        (5,085)
         Total stockholders' equity                2,114,214      2,104,498
                                                  $2,375,366     $2,390,895

Web site: http://www.linear.com/



« Previous Page 1 | 2             



Review Article Be the first to review this article
Featured Video
Jobs
SOC Logic Design Engineer for Global Foundaries at Santa Clara, CA
ASIC FPGA Verification Engineer for General Dynamics Mission Systems at Bloomington, MN
Senior DSP Architect / System Engineer for General Dynamics Mission Systems at Scottsdale, AZ
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Sr. Staff Design SSD ASIC Engineer for Toshiba America Electronic Components. Inc. at San Jose, CA
Upcoming Events
FPGA 2017 at 350 Calle Pincipal, Marriott Hotel Monterey CA - Feb 22 - 24, 2017
DVCon 2017 Conference at DoubleTree Hotel San Jose CA - Feb 27 - 2, 2017
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017



Internet Business Systems © 2017 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