Xilinx Announces Fiscal 2009 Results

#0928F

    XILINX, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share amounts)

                             Three Months Ended               Year Ended
                             ------------------               ----------
                    Mar. 28,    Mar. 29,     Dec. 27,     Mar. 28,  Mar. 29,
                     2009         2008         2008         2009     2008
                 (Unaudited)  (Unaudited)  (Unaudited)  (Unaudited)   (1)
                -----------  -----------  -----------  -----------     --
    Net revenues   $395,014     $475,760     $458,387   $1,825,184 $1,841,372
    Cost of
     revenues       149,907      173,974      165,331      669,151    686,988
                    -------      -------      -------      -------    -------
    Gross margin    245,107      301,786      293,056    1,156,033  1,154,384
                    -------      -------      -------    ---------  ---------
    Operating
     expenses:
       Research and
        development  88,190       90,888       86,967      355,392    358,063
       Selling,
        general and
        administra-
        tive         77,652       92,469       85,032      343,768    365,325
       Amortization
        of
        acquisition-
        related
        intangibles   1,006        1,426        1,475        5,332      6,802
       Restructuring
        charges           -            -            -       22,023         --
                          -            -            -       ------         --
          Total
           operating
           expenses 166,848      184,783      173,474      726,515    730,190
                    -------      -------      -------      -------    -------

    Operating
     income          78,259      117,003      119,582      429,518    424,194
    Gain on early
     extinguishment
     of convertible
     debentures      20,934            -       89,672      110,606         --
    Impairment
     loss on
     investments       (967)      (2,850)     (19,540)     (54,129)    (2,850)
    Interest and
     other income
     (expense), net  (1,431)       5,328         (575)      12,189     52,750
                     ------        -----         ----       ------     ------

    Income before
     income taxes    96,795      119,481      189,139      498,184    474,094
    Provision for
     income taxes    26,283       23,002       49,765      122,544    100,047
                     ------       ------       ------      -------    -------
    Net income      $70,512      $96,479     $139,374     $375,640   $374,047
                    =======      =======     ========     ========   ========

    Net income per
     common share:
      Basic           $0.26        $0.34        $0.51        $1.36      $1.27
                      =====        =====        =====        =====      =====
      Diluted         $0.26        $0.34        $0.51        $1.36      $1.25
                      =====        =====        =====        =====       =====

        Cash  dividends
          declared  per
          common  share          $0.14                $0.12                $0.14                $0.56            $0.48
                                            =====                =====                =====                =====            =====

        Shares  used  in
          per  share
          calculations:
            Basic                  274,689            284,523            273,997            276,113        295,050
                                        =======            =======            =======            =======        =======
            Diluted              274,881            286,321            274,223            276,854        298,636
                                        =======            =======            =======            =======        =======


        (1)  Derived  from  audited  financial  statements



        XILINX,  INC.
        CONDENSED  CONSOLIDATED  BALANCE  SHEETS
        (In  thousands)
                                                      March  28,      March  29,
                                                          2009                2008
                                                          ----                ----
                                                  (Unaudited)          (1)

        ASSETS
        Current  assets:
            Cash,  cash
              equivalents  and
              short-term
              investments                  $1,324,933  $1,296,435
            Accounts
              receivable,  net                216,390        249,147
            Inventories                          119,832        130,250
            Deferred  tax
              assets  and  other
              current  assets                    91,313        144,364
                                                              ------        -------
        Total  current
          assets                                  1,752,468    1,820,196
        Net  property,
          plant  and
          equipment                                387,907        404,430
        Long-term
          investments                            347,787        564,269
        Other  assets                            337,353        348,212
                                                            -------        -------
        Total  Assets                      $2,825,515  $3,137,107
                                                      ==========  ==========

        LIABILITIES  AND  STOCKHOLDERS'  EQUITY
        Current  liabilities:
            Accounts  payable
              and  accrued
              liabilities                      $170,702      $228,988
            Deferred  income  on
              shipments  to
              distributors                        62,364        111,678
                                                              ------        -------
        Total  current
          liabilities                            233,066        340,666
        Convertible
          debentures                              690,125        999,851
        Deferred  tax
          liabilities                              82,648          84,486
        Other  long-term
          liabilities                              81,776          40,281
        Stockholders'
          equity                                  1,737,900    1,671,823
                                                        ---------    ---------
        Total  Liabilities
          and  Stockholders'
          Equity                                $2,825,515  $3,137,107
                                                      ==========  ==========

            (1)  Derived  from  audited  financial
              statements



        XILINX,  INC.
        SUPPLEMENTAL  FINANCIAL  INFORMATION
        (In  thousands)
                                                          Three  Months  Ended                                  Year  Ended
                                                          ------------------                                  ----------
                                      Mar.  28,          Mar.  29,          Dec.  27,          Mar.  28,        Mar.  29,
                                          2009                  2008                  2008                  2009              2008
                                          ----                  ----                  ----                  ----              ----
                                  (Unaudited)    (Unaudited)    (Unaudited)    (Unaudited)          (1)
                                  -----------    -----------    -----------    -----------            --

        SELECTED  CASH
          FLOW
          INFORMATION:
            Depreciation      $13,465            $13,876            $13,438            $55,632      $54,199
            Amortization          3,312                4,219                4,120              15,885        17,756
            Stock-based
              compensation      13,321              17,697              13,041              54,509        66,427
            Net  cash
              provided  by
              operating
              activities          60,854            101,866            128,479            442,530      581,000
            Purchases  of
              property,
              plant  and
              equipment            (6,398)            (6,238)          (11,061)          (39,109)    (45,593)
            Payment  of
              dividends  to
              stockholders    (38,552)          (34,093)          (38,357)        (154,534)  (139,974)
            Repurchases  of
              common  stock                -          (200,000)                      -          (275,000)  (550,000)
            Repurchases  of
              convertible
              debentures        (46,858)                      -          (146,324)        (193,182)                -
            Proceeds  from
              issuance  of
              common  stock
              to  employees
              and  excess
              tax  benefit        20,259              57,677                2,992            104,638      148,071

        STOCK-BASED
          COMPENSATION
          INCLUDED  IN:
              Cost  of
                revenues            $1,375              $1,820              $1,337              $5,791        $7,605
              Research  and
                development        6,373                8,908                6,055              25,075        31,433
              Selling,  general
                and
                administrative  5,573                6,969                5,649              23,079        27,389
              Restructuring
                charges                        -                        -                        -                    564                  -

        (1)  Derived  from  audited  financial  statements
 

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



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