Microsemi Reports Third Quarter 2013 Results

Additional details reconciling the selected GAAP financial measure to the selected non-GAAP financial measure may be found in "Notes on Non-GAAP Financial Measures".

 

 

MICROSEMI CORPORATION

Summary of Schedule Reconciling Selected Non-GAAP Financial Measures

to Comparable GAAP Financial Measures

(unaudited, in millions, except for per share amounts)
















Quarter Ended June 30, 2013



GAAP


Non-GAAP
Adjustments


Non-GAAP

Net sales


$

242.6



$



$

242.6


Gross profit


$

138.3



$



$

138.3


Operating income


$

25.2



$

29.6



$

54.8


Net income


$

18.3



$

26.5



$

44.8


Diluted earnings per share


$

0.20



$

0.29



$

0.49


Additional details reconciling the selected GAAP financial measure to the selected non-GAAP financial measure may be found in the "Schedule Reconciling Selected Non-GAAP Financial Measures to Comparable GAAP Financial Measures" and "Notes on Non-GAAP Financial Measures".

 

 

 

MICROSEMI CORPORATION

Consolidated Condensed Statement of Income and Cash Flow

(unaudited, in millions, except per share amounts)
























Quarter Ended


Nine Months



Jun 30,

2013


Mar 31,

2013


Jul 1,

2012


Jun 30,

2013


Jul 1,

2012

Net sales


$

242.6



$

235.3



$

259.2



$

725.6



$

749.4


Cost of sales


104.3



101.8



114.6



311.2



347.2


Gross profit


$

138.3



$

133.5



$

144.6



$

414.4



$

402.2













Operating expenses











Selling, general and administrative


$

48.8



$

52.3



$

51.4



$

152.5



$

151.4


Research and development


42.2



42.0



44.0



127.3



125.7


Amortization of intangible assets


21.0



21.1



26.0



63.9



77.4


Restructuring charges


1.1



6.3



1.7



8.1



9.1


Acquisition costs






0.2





6.8


Total operating expenses


$

113.1



$

121.7



$

123.3



$

351.8



$

370.4













Operating income


$

25.2



$

11.8



$

21.3



$

62.6



$

31.8













Interest and other (expense), net


(7.0)



(11.3)



(9.0)



(26.7)



(64.5)


Income (loss) before income taxes


$

18.2



$

0.5



$

12.3



$

35.9



$

(32.7)


Provision (benefit) for income taxes


(0.1)



3.4



4.2



6.3



8.6


Net income (loss)


$

18.3



$

(2.9)



$

8.1



$

29.6



$

(41.3)













Earnings (loss) per share











Basic


$

0.20



$

(0.03)



$

0.09



$

0.33



$

(0.48)


Diluted


$

0.20



$

(0.03)



$

0.09



$

0.33



$

(0.48)













Weighted-average common shares outstanding











Basic


89.8



89.4



86.0



89.2



85.7


Diluted


91.7



89.4



87.9



90.8



85.7













Operating cash flow


$

52.6



$

31.9



$

54.7



$

112.6



$

116.0


Capital expenditures


(13.6)



(9.0)



(13.1)



(31.1)



(39.8)


Free cash flow


$

39.0



$

22.9



$

41.6



$

81.5



$

76.2



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



Review Article Be the first to review this article

Harris

Featured Video
Jobs
Geospatial Analyst/Programmer for LANDIQ at Sacramento, California
Software Developer for CHA Consulting, Inc. at Norwell, Massachusetts
GIS Data Analyst for CostQuest Associates, Inc. at Cincinnati, Ohio
Product Manager for CHA Consulting, Inc. at Boston, Massachusetts
Mid-Level Mechanical Engineer for Kiewit at lenexa, Kansas
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Upcoming Events
Locate 2018 at Pier 27, The Embarcadero San Francisco CA - May 30 - 31, 2018
2nd WY UAV Symposium at UW Convention Center 2229 Grand Ave LARAMIE WY - May 30 - 31, 2018
GeoIntelligence Asia at NEW DELHI India - Jun 4 - 5, 2018
SPAR 3D & AEC Next Technology Expo + Conference at Anaheim Convention Center Anaheim CA - Jun 5 - 7, 2018
Teledyne Optech
Bentley: -YII 2018 Awards



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 EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise