SAN JOSE, Calif., Jan. 24, 2012 /PRNewswire/ -- Altera Corporation (NASDAQ: ALTR) today announced fourth quarter sales of $457.8 million, down 12 percent from the third quarter of 2011 and down 18 percent from the fourth quarter of 2010. Fourth quarter net income was $146.6 million, $0.45 per diluted share, compared with net income of $185.4 million, $0.57 per diluted share, in the third quarter of 2011 and $231.6 million, $0.72 per diluted share, in the fourth quarter of 2010.
(Logo: http://photos.prnewswire.com/prnh/20101012/SF78952LOGO)
Cash flow from operating activities in 2011 was $959.6 million. Altera ended the quarter with $3.5 billion in cash and investments.
Altera's board of directors has declared a quarterly cash dividend of $0.08 per share payable on March 1, 2012 to stockholders of record on February 10, 2012.
"While industry conditions led to sequential sales declines in the fourth quarter, Altera grew 6 percent in 2011—well ahead of most of the semiconductor industry. Our FPGA market share once again improved," said John Daane, president, chief executive officer, and chairman of the board. "As we have seen over the last several years, there are long-term technology-based trends that favor FPGAs. We continue to believe that these factors, plus ongoing FPGA share gains, give us the potential over time for sales growth twice that of the semiconductor industry."
Several recent accomplishments mark the company's continuing progress:
- Altera has begun shipping its first mid-range 28-nm Arria® V FPGAs. Arria V devices are the lowest power mid-range FPGAs available in the market today. Offering transceiver speeds up to 10.3125-Gbps, the Arria V family was developed on TSMC's 28-nm Low-Power (28LP) process. With 50 percent lower static power and 50 percent lower transceiver power than any FPGA in its class, the Arria V FPGA delivers the lowest total power of any mid-range FPGA family. Available in four family variants, designers can choose the device that meets their exact needs, including devices that embed a dual-core ARM® Cortex™ -A9 MPCore™ processor. The Arria V family's innovative features allow designers to tailor their low-power, high-bandwidth, and low-cost requirements for next-generation shipments in wireless, broadcast, and military markets.
- Altera has announced the industry's first OpenCL™ program for FPGAs. The OpenCL standard is a C-based open standard for parallel programming. Altera's OpenCL program combines the parallel processing performance capability of FPGAs with the OpenCL standard to enable powerful system acceleration. This combination also offers a significant time-to-market advantage compared with traditional FPGA development. Altera has expanded its university program to support the OpenCL standard for FPGA development in academia, and is actively contributing to the evolution of the Open CL standard based on customer feedback. Early results of customer evaluations show a 35X performance increase compared with multi-core CPU solutions and a 50 percent reduction in development time compared with traditional HDL-developed FPGA solutions. OpenCL FPGA-targeted applications range from high-performance computing to advanced radar systems, medical imaging, and video encoding and processing—any system that requires fast computations that can be parallelized.
- Altera has received further industry recognition for its 28-nm FPGA portfolio. Electronics Weekly selected Altera's 28-nm portfolio as the Semiconductor Product of the Year – Digital at its annual Elektra European Electronics Industry Awards. The Elektra European Electronics Industry Awards are the most prestigious product technology and business awards in Europe. The awards recognize the achievements of individuals and companies in the electronics industry. A panel of independent industry experts and a representative from Electronics Weekly selected Altera's 28-nm FPGA portfolio as the winner of the Semiconductor Product of the Year – Digital from a pool of six nominees based on Altera's 28-nm portfolio's performance, design flexibility and suitability for applications. EDN Magazine also selected Altera's 28-nm SoC FPGA family as one of its 100 Hot Products of 2011. The 2011 EDN Hot 100 highlights the electronics industry's most significant products of the year based on innovation, significance, usefulness, and popularity as determined by the magazine's editors and readers.
INVESTOR CONTACT |
MEDIA CONTACT |
||
Scott Wylie - Vice President |
Yoko Okamura - Senior Manager |
||
Investor Relations |
Public Relations |
||
(408) 544-6996 |
(408) 544-6397 |
||
SELECTED FOURTH QUARTER REVENUE AND RELATED RESULTS |
||||
Key New Product Devices |
Sequential Comparisons |
|||
Stratix V |
49% |
|||
Stratix IV |
(19)% |
|||
Arria II |
(4)% |
|||
Cyclone IV |
26% |
|||
HardCopy IV |
(20)% |
|||
Vertical Markets |
Sequential Comparisons |
Comments |
||||
Telecom & Wireless |
(11)% |
Telecom flat and Wireless down |
||||
Industrial Automation, |
(1)% |
Military up, rest of vertical down |
||||
Networking, Computer & Storage |
(30)% |
Category decreased due to end of short-term earthquake-related ASIC replacement business |
||||
Other |
(9)% |
Broadly down |
||||
($ in thousands) Key Ratios & Information |
December 31, 2011 |
September 30, 2011 |
|||||||
Current Ratio |
4:1 |
3:1 |
|||||||
Liabilities/Equity |
1:2 |
1:2 |
|||||||
Quarterly Operating Cash Flows |
$ |
220,363 |
$ |
282,873 |
|||||
TTM Return on Equity |
28 |
% |
34 |
% |
|||||
Quarterly Depreciation Expense |
$ |
7,772 |
$ |
7,428 |
|||||
Quarterly Capital Expenditures |
$ |
8,634 |
$ |
13,382 |
|||||
Inventory MSOH (1): Altera |
2.7 |
2.4 |
|||||||
Inventory MSOH (1): Distribution |
0.6 |
0.6 |
|||||||
Cash Conversion Cycle (Days) |
90 |
78 |
|||||||
Turns |
42 |
% |
33 |
% |
|||||
Book to Bill |
<1.0 |
<1.0 |
|||||||
Note (1): MSOH: Months Supply On Hand |
|||||||||
ALTERA CORPORATION |
||||||||||||||||||||||||
Three Months Ended |
Quarterly Growth Rate |
Years Ended |
||||||||||||||||||||||
December 31, 2011 |
September 30, 2011 |
December 31, 2010 |
Sequential Change |
Year- Over-Year Change |
December 31, 2011 |
December 31, 2010 |
Annual Growth |
|||||||||||||||||
Geography |
||||||||||||||||||||||||
Americas |
21 |
% |
16 |
% |
17 |
% |
10 |
% |
4 |
% |
19 |
% |
19 |
% |
7 |
% |
||||||||
Asia Pacific |
40 |
% |
44 |
% |
43 |
% |
(20) |
% |
(23) |
% |
41 |
% |
42 |
% |
2 |
% |
||||||||
EMEA |
22 |
% |
25 |
% |
22 |
% |
(22) |
% |
(18) |
% |
25 |
% |
23 |
% |
17 |
% |
||||||||
Japan |
17 |
% |
15 |
% |
18 |
% |
— |
% |
(23) |
% |
15 |
% |
16 |
% |
(1) |
% |
||||||||
Net Sales |
100 |
% |
100 |
% |
100 |
% |
(12) |
% |
(18) |
% |
100 |
% |
100 |
% |
6 |
% |
||||||||
Product Category |
||||||||||||||||||||||||
New |
27 |
% |
27 |
% |
16 |
% |
(13) |
% |
41 |
% |
22 |
% |
11 |
% |
107 |
% |
||||||||
Mainstream |
33 |
% |
32 |
% |
37 |
% |
(10) |
% |
(26) |
% |
34 |
% |
32 |
% |
11 |
% |
||||||||
Mature and Other |
40 |
% |
41 |
% |
47 |
% |
(13) |
% |
(30) |
% |
44 |
% |
57 |
% |
(18) |
% |
||||||||
Net Sales |
100 |
% |
100 |
% |
100 |
% |
(12) |
% |
(18) |
% |
100 |
% |
100 |
% |
6 |
% |
||||||||
Vertical Market |
||||||||||||||||||||||||
Telecom & Wireless |
43 |
% |
42 |
% |
47 |
% |
(11) |
% |
(25) |
% |
43 |
% |
44 |
% |
4 |
% |
||||||||
Industrial Automation, Military & Automotive |
24 |
% |
22 |
% |
19 |
% |
(1) |
% |
6 |
% |
23 |
% |
21 |
% |
12 |
% |
||||||||
Networking, Computer & Storage |
16 |
% |
20 |
% |
15 |
% |
(30) |
% |
(9) |
% |
17 |
% |
14 |
% |
29 |
% |
||||||||
Other |
17 |
% |
16 |
% |
19 |
% |
(9) |
% |
(29) |
% |
17 |
% |
21 |
% |
(13) |
% |
||||||||
Net Sales |
100 |
% |
100 |
% |
100 |
% |
(12) |
% |
(18) |
% |
100 |
% |
100 |
% |
6 |
% |
||||||||
FPGAs and CPLDs |
||||||||||||||||||||||||
FPGA |
82 |
% |
82 |
% |
83 |
% |
(12) |
% |
(18) |
% |
81 |
% |
82 |
% |
5 |
% |
||||||||
CPLD |
9 |
% |
9 |
% |
10 |
% |
(10) |
% |
(27) |
% |
10 |
% |
12 |
% |
(11) |
% |
||||||||
Other Products |
9 |
% |
9 |
% |
7 |
% |
(17) |
% |
6 |
% |
9 |
% |
6 |
% |
41 |
% |
||||||||
Net Sales |
100 |
% |
100 |
% |
100 |
% |
(12) |
% |
(18) |
% |
100 |
% |
100 |
% |
6 |
% |
||||||||
Product Category Description
- New Products include the Stratix® V, Stratix IV, Arria® V, Arria II , Cyclone® IV , MAX® V, and HardCopy® IV devices.
- Mainstream Products include the Stratix III, Cyclone III, MAX II, and HardCopy III devices.
- Mature and Other Products include the Stratix II , Stratix , Arria GX, Cyclone II, Cyclone, Classic™, MAX 3000A, MAX 7000, MAX 7000A, MAX 7000B, MAX 7000S, MAX 9000, HardCopy II, HardCopy, FLEX® series, APEX™ series, Mercury™, and Excalibur™ devices, configuration and other devices, intellectual property cores, and software and other tools.
Business Outlook for the First Quarter 2012 Sales and Income Statement |
||
Sequential Sales Growth |
Down 5% to 9% |
|
Gross Margin |
70% +/- .5% |
|
Research and Development |
$90 to 92 million |
|
SG&A |
$72 to 74 million |
|
Tax Rate |
10% to 11% |
|
Diluted Share Count |
326 million |
|
Turns |
Approximately 50% |
|
MSOH |
Low 3's |
|
Vertical Market |
||
Telecom & Wireless |
Down slightly overall, with Telecom up and Wireless down |
|
Industrial Automation, |
Down overall, with Automotive up, Industrial Automation flat, and Military significantly down |
|
Networking, Computer & Storage |
Flat overall, with Networking up and Computer & Storage down |
|
Other |
Down slightly |
|
Fourth Quarter Earnings Conference Call
A conference call will be held today at 1:45 p.m. Pacific Time to discuss the quarter's results and management's current business outlook. The web cast and subsequent replay will be available in the Investor Relations section of the company's website at www.altera.com. A telephonic replay of the call may be accessed later in the day by calling (719) 457-0820 and referencing confirmation code 258712. The telephonic replay will be available for two weeks following the live call.
First Quarter Update
Altera's first quarter business update will be issued in a press release available after the market close on March 8, 2012.
Forward-Looking Statements
Statements in this press release that are not historical are "forward-looking statements" as the term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally written in the future tense and/or preceded by words such as "will," "expects," "anticipates," or other words that imply or predict a future state. Forward-looking statements include forecasts of future growth relative to the semiconductor industry, any projection of revenue, gross margin, expense or other financial items discussed in the Business Outlook section or elsewhere in this press release. Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty that can cause actual results to differ from those currently anticipated, due to a number of factors, including without limitation, current global economic conditions, customer business environment, customer inventory levels, vertical market mix, market acceptance of the company's products, product introduction schedules, the rate of growth of the company's new products including Cyclone® IV, Arria® V, Arria II, Stratix® V, Stratix IV FPGAs, MAX® V CPLDs and HardCopy® IV device families, as well as changes in economic conditions and other risk factors discussed in documents filed by the company with the Securities and Exchange Commission (SEC) from time to time. Copies of Altera's SEC filings are posted on the company's website and are available from the company without charge. Forward-looking statements are made as of the date of this release, and, except as required by law, the company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
About Altera
Altera programmable solutions enable system and semiconductor companies to rapidly and cost-effectively innovate, differentiate and win in their markets. Find out more about Altera's FPGA, CPLD and ASIC devices at www.altera.com. Follow Altera via Facebook, RSS and Twitter.
ALTERA, ARRIA, CYCLONE, HARDCOPY, MAX, MEGACORE, NIOS, QUARTUS and STRATIX words and logos are trademarks of Altera Corporation and registered in the U.S. Patent and Trademark Office and in other countries. All other words and logos identified as trademarks or service marks are the property of their respective holders as described at www.altera.com/legal.
ALTERA CORPORATION CONSOLIDATED STATEMENTS OF INCOME (Unaudited) |
|||||||||||||||||||||
Three Months Ended |
Years Ended |
||||||||||||||||||||
(In thousands, except per share amounts) |
December 31, 2011 |
September 30, 2011 |
December 31, 2010 |
December 31, 2011 |
December 31, 2010 |
||||||||||||||||
Net sales |
$ |
457,804 |
$ |
522,474 |
$ |
555,378 |
$ |
2,064,475 |
$ |
1,954,426 |
|||||||||||
Cost of sales |
136,764 |
166,938 |
161,296 |
610,329 |
566,942 |
||||||||||||||||
Gross margin |
321,040 |
355,536 |
394,082 |
1,454,146 |
1,387,484 |
||||||||||||||||
Operating expense |
|||||||||||||||||||||
Research and development expense |
90,295 |
80,771 |
66,788 |
325,733 |
264,649 |
||||||||||||||||
Selling, general, and administrative expense |
70,667 |
69,345 |
64,074 |
279,217 |
254,495 |
||||||||||||||||
Total operating expense |
160,962 |
150,116 |
130,862 |
604,950 |
519,144 |
||||||||||||||||
Operating margin (1) |
160,078 |
205,420 |
263,220 |
849,196 |
868,340 |
||||||||||||||||
Compensation expense (benefit) — deferred compensation plan |
2,962 |
(6,642) |
3,554 |
(1,964) |
6,839 |
||||||||||||||||
(Gain) loss on deferred compensation plan securities |
(2,962) |
6,642 |
(3,554) |
1,964 |
(6,839) |
||||||||||||||||
Interest income and other |
(1,021) |
(663) |
(936) |
(3,526) |
(3,330) |
||||||||||||||||
Interest expense |
1,013 |
806 |
351 |
3,730 |
3,843 |
||||||||||||||||
Income before income taxes |
160,086 |
205,277 |
263,805 |
848,992 |
867,827 |
||||||||||||||||
Income tax expense |
13,475 |
19,873 |
32,192 |
78,281 |
84,943 |
||||||||||||||||
Net income |
$ |
146,611 |
$ |
185,404 |
$ |
231,613 |
$ |
770,711 |
$ |
782,884 |
|||||||||||
Net income per share: |
|||||||||||||||||||||
Basic |
$ |
0.46 |
$ |
0.58 |
$ |
0.73 |
$ |
2.39 |
$ |
2.55 |
|||||||||||
Diluted |
$ |
0.45 |
$ |
0.57 |
$ |
0.72 |
$ |
2.35 |
$ |
2.49 |
|||||||||||
Shares used in computing per share amounts: |
|||||||||||||||||||||
Basic |
321,553 |
321,745 |
316,440 |
321,892 |
307,302 |
||||||||||||||||
Diluted |
325,653 |
327,044 |
323,592 |
327,606 |
313,912 |
||||||||||||||||
Cash dividends per common share |
$ |
0.08 |
$ |
0.08 |
$ |
0.06 |
$ |
0.28 |
$ |
0.22 |
|||||||||||
Tax rate |
8.4 |
% |
9.7 |
% |
12.2 |
% |
9.2 |
% |
9.8 |
% |
|||||||||||
% of Net sales: |
|||||||||||||||||||||
Gross margin |
70.1 |
% |
68.0 |
% |
71.0 |
% |
70.4 |
% |
71.0 |
% |
|||||||||||
Research and development |
19.7 |
% |
15.5 |
% |
12.0 |
% |
15.8 |
% |
13.5 |
% |
|||||||||||
Selling, general, and administrative |
15.4 |
% |
13.3 |
% |
11.5 |
% |
13.5 |
% |
13.0 |
% |
|||||||||||
Operating margin(1) |
35.0 |
% |
39.3 |
% |
47.4 |
% |
41.1 |
% |
44.4 |
% |
|||||||||||
Net income |
32.0 |
% |
35.5 |
% |
41.7 |
% |
37.3 |
% |
40.1 |
% |
|||||||||||
Notes: |
|||||||||||||||||||||
(1)We define operating margin as gross margin less research and development and selling, general and administrative expenses, as presented above. This presentation differs from income from operations as defined by U.S. Generally Accepted Accounting Principles ("GAAP"), as it excludes the effect of compensation associated with the deferred compensation plan obligations. Since the effect of compensation associated with our deferred compensation plan obligations is offset by gains and losses from related securities, we believe this presentation provides a more meaningful representation of our ongoing operating performance. A reconciliation of operating margin to income from operations follows: |
|||||||||||||||||||||
Three Months Ended |
Years Ended |
||||||||||||||||||||
(In thousands) |
December 31, 2011 |
September 30, 2011 |
December 31, 2010 |
December 31, 2011 |
December 31, 2010 |
||||||||||||||||
Operating margin (non-GAAP) |
$ |
160,078 |
$ |
205,420 |
$ |
263,220 |
$ |
849,196 |
$ |
868,340 |
|||||||||||
Compensation expense (benefit) — deferred compensation plan |
2,962 |
(6,642) |
3,554 |
(1,964) |
6,839 |
||||||||||||||||
Income from operations (GAAP) |
$ |
157,116 |
$ |
212,062 |
$ |
259,666 |
$ |
851,160 |
$ |
861,501 |
|||||||||||
ALTERA CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited) |
|||||||||
(In thousands, except par value amount) |
December 31, |
December 31, |
|||||||
Assets |
|||||||||
Current assets: |
|||||||||
Cash and cash equivalents |
$ |
3,371,933 |
$ |
2,765,196 |
|||||
Short-term investments |
65,222 |
— |
|||||||
Total cash, cash equivalents, and short-term investments |
3,437,155 |
2,765,196 |
|||||||
Accounts receivable, net |
232,273 |
363,614 |
|||||||
Inventories |
122,279 |
146,524 |
|||||||
Deferred income taxes — current |
58,415 |
66,839 |
|||||||
Deferred compensation plan — marketable securities |
54,041 |
54,419 |
|||||||
Deferred compensation plan — restricted cash equivalents |
17,938 |
19,817 |
|||||||
Other current assets |
52,710 |
114,601 |
|||||||
Total current assets |
3,974,811 |
3,531,010 |
|||||||
Property and equipment, net |
171,721 |
164,155 |
|||||||
Long term investments |
74,033 |
— |
|||||||
Deferred income taxes — non-current |
26,629 |
37,319 |
|||||||
Other assets, net |
35,074 |
27,353 |
|||||||
Total assets |
$ |
4,282,268 |
$ |
3,759,837 |
|||||
Liabilities and stockholders' equity |
|||||||||
Current liabilities: |
|||||||||
Accounts payable |
$ |
52,154 |
$ |
86,061 |
|||||
Accrued liabilities |
34,029 |
23,278 |
|||||||
Accrued compensation and related liabilities |
78,181 |
83,773 |
|||||||
Deferred compensation plan obligations |
71,979 |
74,236 |
|||||||
Deferred income and allowances on sales to distributors |
279,876 |
428,711 |
|||||||
Income taxes payable |
— |
428 |
|||||||
Credit facility |
500,000 |
— |
|||||||
Total current liabilities |
1,016,219 |
696,487 |
|||||||
Income taxes payable — non-current |
263,423 |
231,833 |
|||||||
Credit facility |
— |
500,000 |
|||||||
Other non-current liabilities |
8,730 |
7,865 |
|||||||
Total liabilities |
1,288,372 |
1,436,185 |
|||||||
Commitments and contingencies |
|||||||||
Stockholders' equity: |
|||||||||
Common stock: $.001 par value; 1,000,000 shares authorized; outstanding - 322,054 at December 31, 2011 and 319,494 shares at December 31, 2010 |
322 |
319 |
|||||||
Capital in excess of par value |
1,050,752 |
908,989 |
|||||||
Accumulated other comprehensive loss |
(133) |
— |
|||||||
Retained earnings |
1,942,955 |
1,414,344 |
|||||||
Total stockholders' equity |
2,993,896 |
2,323,652 |
|||||||
Total liabilities and stockholders' equity |
$ |
4,282,268 |
$ |
3,759,837 |
|||||
ALTERA CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) |
||||||||||||||
YEARS ENDED |
||||||||||||||
(In thousands) |
December 31, |
December 31, |
December 31, |
|||||||||||
Cash Flows from Operating Activities: |
||||||||||||||
Net income |
$ |
770,711 |
$ |
782,884 |
$ |
251,062 |
||||||||
Adjustments to reconcile net income to net cash provided by operating activities: |
||||||||||||||
Depreciation and amortization |
31,927 |
27,535 |
29,022 |
|||||||||||
Stock-based compensation |
82,750 |
62,118 |
64,446 |
|||||||||||
Deferred income tax expense (benefit) |
15,657 |
34,256 |
(5,890) |
|||||||||||
Tax effect of employee stock plans |
16,162 |
27,444 |
(3,648) |
|||||||||||
Excess tax benefit from employee stock plans |
(17,307) |
(21,866) |
(990) |
|||||||||||
Gain on substantive termination of retiree medical plan |
— |
— |
(6,488) |
|||||||||||
Changes in assets and liabilities, net of the effects of acquisition: |
||||||||||||||
Accounts receivable, net |
131,341 |
(145,330) |
(136,115) |
|||||||||||
Inventories |
24,245 |
(76,819) |
14,931 |
|||||||||||
Other assets |
54,661 |
(52,805) |
38,862 |
|||||||||||
Accounts payable and other liabilities |
(32,534) |
59,200 |
7,918 |
|||||||||||
Deferred income and allowances on sales to distributors |
(148,836) |
146,826 |
77,611 |
|||||||||||
Income taxes payable |
31,116 |
15,746 |
39,860 |
|||||||||||
Deferred compensation plan obligations |
(293) |
(2,494) |
2,125 |
|||||||||||
Net cash provided by operating activities |
959,600 |
856,695 |
372,706 |
|||||||||||
Cash Flows from Investing Activities: |
||||||||||||||
Purchases of property and equipment |
(31,812) |
(12,442) |
(11,060) |
|||||||||||
Purchases of available-for-sale securities |
(164,408) |
— |
— |
|||||||||||
Proceeds from the maturities and sales of available-for-sale investments |
25,003 |
— |
— |
|||||||||||
Acquisition related payments, net of cash acquired |
— |
(8,004) |
— |
|||||||||||
Sales (purchases) of deferred compensation plan securities, net |
293 |
2,494 |
(2,125) |
|||||||||||
Purchases of intangible assets |
— |
(5,000) |
(690) |
|||||||||||
Net cash used in investing activities |
(170,924) |
(22,952) |
(13,875) |
|||||||||||
Cash Flows from Financing Activities: |
||||||||||||||
Proceeds from issuance of common stock through various stock plans |
119,989 |
453,719 |
42,144 |
|||||||||||
Shares withheld for employee taxes |
(32,152) |
(20,164) |
(10,738) |
|||||||||||
Repurchases of common stock |
(197,023) |
— |
— |
|||||||||||
Payment of dividends to stockholders |
(90,060) |
(67,774) |
(58,925) |
|||||||||||
Excess tax benefit from stock-based compensation |
17,307 |
21,866 |
990 |
|||||||||||
Principal payments on capital lease obligations |
— |
(2,866) |
(2,373) |
|||||||||||
Net cash (used in) provided by financing activities |
(181,939) |
384,781 |
(28,902) |
|||||||||||
Net increase in cash and cash equivalents |
606,737 |
1,218,524 |
329,929 |
|||||||||||
Cash and cash equivalents at beginning of period |
2,765,196 |
1,546,672 |
1,216,743 |
|||||||||||
Cash and cash equivalents at end of period |
$ |
3,371,933 |
$ |
2,765,196 |
$ |
1,546,672 |
||||||||
Supplemental cash flow information: |
||||||||||||||
Income taxes paid, net |
$ |
9,856 |
$ |
29,887 |
$ |
7,310 |
||||||||
Interest paid |
$ |
3,704 |
$ |
3,395 |
$ |
4,503 |
||||||||
SOURCE Altera Corporation
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article