| |
|
Year Ended |
|
|
Year Ended |
|
|
Year Ended |
| In millions, except per-share data |
|
12/28/07 |
|
|
12/29/06 |
|
|
12/30/05 |
|
|
| Revenue |
| Products |
|
$ 1,691.3 |
|
|
$ 1,858.6 |
|
|
$ 1,716.3 |
| Services |
|
222.1 |
|
|
182.6 |
|
|
167.1 |
| |
|
1,913.4 |
|
|
2,041.2 |
|
|
1,883.4 |
| Cost of Revenue |
| Products |
|
1,085.9 |
|
|
987.0 |
|
|
908.8 |
| Services |
|
153.2 |
|
|
120.6 |
|
|
119.6 |
|
|
1,239.1 |
|
|
1,107.6 |
|
|
1,028.4 |
| Gross Profit |
|
674.3 |
|
|
933.6 |
|
|
855.0 |
| Operating Expenses |
| Research and development |
|
343.1 |
|
|
356.9 |
|
|
344.0 |
| Sales and marketing |
|
176.6 |
|
|
179.8 |
|
|
175.5 |
| General and administrative |
|
99.1 |
|
|
113.5 |
|
|
95.6 |
| Intangible asset amortization |
|
22.5 |
|
|
28.6 |
|
|
36.0 |
| Restructuring and other charges |
|
5.8 |
|
|
8.0 |
|
|
12.9 |
| Purchased in-process research and development |
|
— |
|
|
— |
|
|
2.2 |
| |
|
647.1 |
|
|
686.8 |
|
|
666.2 |
| Operating Earnings |
|
27.2 |
|
|
246.8 |
|
|
188.8 |
| Other Income |
| Interest income, net |
|
50.9 |
|
|
45.7 |
|
|
28.3 |
| Other expense, net |
|
(7.9) |
|
|
(7.8) |
|
|
(4.0) |
| |
|
43.0 |
|
|
37.9 |
|
|
24.3 |
| Earnings Before Income Tax |
|
70.2 |
|
|
284.7 |
|
|
213.1 |
| Income tax expense |
|
(5.2) |
|
|
(90.6) |
|
|
(37.3) |
| Net Earnings |
|
$ 65.0 |
|
|
$ 194.1 |
|
|
$ 175.8 |
| Net Earnings Per Share |
| Basic |
|
$ 0.15 |
|
|
$ 0.44 |
|
|
$ 0.39 |
| Diluted |
|
$ 0.15 |
|
|
$ 0.43 |
|
|
$ 0.39 |
| Weighted Average Shares Outstanding |
| Basic |
|
436.6 |
|
|
445.9 |
|
|
449.9 |
| Diluted |
|
441.1 |
|
|
454.1 |
|
|
454.5 |
| The accompanying notes are an integral part of these statements. |
|
|
