• Record reve­nue of $851 mil­li­on in the quar­ter; fis­cal 2021 reve­nue of $3.15 billion
• Data Cen­ter Group (DCG) reve­nue in the quar­ter increased 28% sequen­ti­al­ly, and fis­cal 2021 reve­nue increased 20% over the pri­or year
• Wired and Wire­less Group (WWG) reve­nue in the quar­ter increased 13% sequen­ti­al­ly, dri­ven by strength in Wire­less with mul­ti­ple regi­ons deploy­ing 5G, par­ti­al­ly off­set by weak­ne­ss in Wired
• Aero­space & Defen­se, Indus­tri­al and Test, Mea­su­re­ment & Emu­la­ti­on (AIT) reve­nue in the quar­ter decli­ned 2% sequen­ti­al­ly, with strong Indus­tri­al end mar­ket per­for­mance off­set by an expec­ted decli­ne in TME and soft­ness in Aero­space & Defen­se sales
• Auto­mo­ti­ve, Broad­cast and Con­su­mer (ABC) reve­nue in the quar­ter decli­ned 1% sequen­ti­al­ly, with a record quar­ter in the Auto­mo­ti­ve end mar­ket off­set­ting sea­so­nal decli­nes in Broad­cast and Con­su­mer end markets
• Fis­cal fourth quar­ter free cash flow of $227 mil­li­on, repre­sen­ting 27% of reve­nue; fis­cal 2021 free cash flow of $1.04 bil­li­on, or 33% of revenue

 

SAN JOSE, Calif.–(BUSINESS WIRE)–May 4, 2021– Xilinx, Inc. (Nasdaq: XLNX), the lea­der in adap­ti­ve com­pu­ting, today announ­ced record reve­nues of $851 mil­li­on for the fis­cal fourth quar­ter, up 6% over the pre­vious quar­ter and an increase of 13% year over year. Fis­cal 2021 reve­nues were $3.15 bil­li­on, lar­ge­ly flat from the pri­or fis­cal year.

GAAP net inco­me for the fis­cal fourth quar­ter was $188 mil­li­on, or $0.75 per diluted share. Non-GAAP net inco­me for the quar­ter was $204 mil­li­on, or $0.82 per diluted share. GAAP net inco­me for fis­cal year 2021 was $647 mil­li­on, or $2.62 per diluted share. Non-GAAP net inco­me for fis­cal year 2021 was $762 mil­li­on, or $3.08 per diluted share.

Addi­tio­nal fourth quar­ter of fis­cal year 2021 com­pa­ri­sons are pro­vi­ded in the charts below.

Q4 Fis­cal 2021 Finan­cial Highlights (In mil­li­ons, except EPS)
	GAAP
	Q4	Q3	Q4
	FY2021	FY2021	FY2020		Q‑T-Q	Y‑T-Y
Net reve­nues*	$851	$803	$756		6%	13%
Gross mar­gin	$570	$547	$528		4%	8%
Ope­ra­ting income	$200	$172	$178		16%	12%
Net inco­me	$188	$171	$162		10%	16%
Diluted ear­nings per share	$0.75	$0.69	$0.65		9%	15%
	Non-GAAP
	Q4	Q3	Q4
	FY2021	FY2021	FY2020		Q‑T-Q	Y‑T-Y
Net reve­nues*	$851	$803	$756		6%	13%
Gross mar­gin	$579	$554	$535		5%	8%
Ope­ra­ting income	$228	$201	$218		13%	4%
Net inco­me	$204	$194	$193		5%	5%
Diluted ear­nings per share	$0.82	$0.78	$0.78		5%	5%
* No adjus­t­ment bet­ween GAAP and Non-GAAP Note: Q4 FY2021 con­sis­ted of 13 weeks; Q3 FY2021 con­sis­ted of 14 weeks; Q4 FY2020 con­sis­ted of 13 weeks

“We are plea­sed with our fourth quar­ter results as we deli­ver­ed record reve­nues and dou­ble-digit year-over-year growth in the midst of a chal­len­ging sup­p­ly chain envi­ron­ment,” said Vic­tor Peng, Xilinx pre­si­dent and CEO. “Xilinx saw fur­ther impro­ve­ment in demand across a majo­ri­ty of our diver­si­fied end mar­kets with key strength in our Wire­less, Data Cen­ter and Auto­mo­ti­ve mar­kets, the pil­lars of our growth stra­tegy. Our teams have exe­cu­ted well and we remain focu­sed on con­ti­nuing to meet cus­to­mers’ cri­ti­cal needs.

“Our invest­ment and strong exe­cu­ti­on toward our plat­form stra­tegy are pay­ing off as we are now in full pro­duc­tion ship­ments of our 7nm Ver­sal series, which is the cul­mi­na­ti­on of a mul­ti-year effort and a long-term growth dri­ver for Xilinx. We also intro­du­ced new plat­forms for edge com­pu­te inclu­ding Kria, an adap­ti­ve sys­tem-on-modu­le (SOM) plat­form, as well as a cost-opti­mi­zed UltraS­ca­le+ port­fo­lio, to enable and acce­le­ra­te inno­va­ti­on and AI at the edge.”

“Record Q4 reve­nues were dri­ven by strength in Wire­less and Data Cen­ter mar­kets, as well as record quar­ters for our Indus­tri­al and Auto­mo­ti­ve end mar­kets, which resul­ted in 6% sequen­ti­al and 13% year-over-year growth,” said Bri­ce Hill, Xilinx CFO. “Advan­ced Pro­ducts also grew 6% sequen­ti­al­ly and repre­sen­ted 73% of total reve­nue. Top line per­for­mance dro­ve fourth quar­ter free cash flows of $227 mil­li­on, or 27% of reve­nue, reflec­ting our effi­ci­ent finan­cial model.”

Net Reve­nues by Geography:
	Per­cen­ta­ges				Growth Rates
	Q4	Q3	Q4
	FY2021	FY2021	FY2020		Q‑T-Q	Y‑T-Y
North Ame­ri­ca	27%	30%	37%		-1%	-16%
Asia Paci­fic	49%	44%	37%		16%	49%
Euro­pe	16%	19%	18%		-12%	-3%
Japan	8%	7%	8%		18%	13%
Net Reve­nues by End Market:
	Per­cen­ta­ges				Growth Rates
	Q4	Q3	Q4
	FY2021	FY2021	FY2020		Q‑T-Q	Y‑T-Y
A&D, Indus­tri­al and TME	41%	45%	50%		-2%	-6%
Auto­mo­ti­ve, Broad­cast and Consumer	18%	19%	16%		-1%	30%
Wired and Wire­less Group	31%	29%	24%		13%	43%
Data Cen­ter Group	9%	7%	10%		28%	-5%
Chan­nel	1%	0%	0%		NM	NM
Net Reve­nues by Product:
	Per­cen­ta­ges				Growth Rates
	Q4	Q3	Q4
	FY2021	FY2021	FY2020		Q‑T-Q	Y‑T-Y
Advan­ced Products	73%	72%	70%		6%	16%
Core Pro­ducts	27%	28%	30%		6%	3%

Pro­ducts are clas­si­fied as follows:
Advan­ced Pro­ducts: Alveo and rela­ted pro­ducts, Ver­sal, UltraS­ca­le+, UltraS­ca­le and 7‑series products.
Core Pro­ducts: Virtex‑6, Spartan‑6, Virtex-5, CoolRunner-II, Virtex‑4, Vir­tex-II, Spartan‑3, Spartan‑2, XC9500 pro­ducts, con­fi­gu­ra­ti­on solu­ti­ons, soft­ware & support/services.

Key Sta­tis­tics: (Dol­lars in Millions)
	Q4	Q3	Q4
	FY2021	FY2021	FY2020
Ope­ra­ting Cash Flow	$240	$360	$345
Depre­cia­ti­on Expen­se (inclu­ding soft­ware amortization)	$30	$31	$29
Capi­tal Expen­dit­ures (inclu­ding software)	$13	$6	$32
Free Cash Flow (1)	$227	$354	$313
Inven­to­ry Days (inter­nal)	101	115	122
Reve­nue Turns (%)	29	34	46
(1) Free Cash Flow = Ope­ra­ting Cash Flow — Capi­tal Expen­dit­ures (inclu­ding software)

Pro­duct and Finan­cial High­lights — Fis­cal Year 2021

• Data Cen­ter Group (DCG) deli­ver­ed 20% annu­al reve­nue growth over fis­cal 2020 dri­ven by con­ti­nuing adop­ti­on with hypers­ca­le cus­to­mers across com­pu­te, net­wor­king and sto­rage workloads. Xilinx main­ta­ins strong enga­ge­ments with hypers­ca­lers to deli­ver solu­ti­ons for AI com­pu­te, video acce­le­ra­ti­on, com­posable net­wor­king and com­pu­ta­tio­nal sto­rage. We also intro­du­ced new pro­ducts and solu­ti­ons to power the data cen­ter and the edge in fis­cal 2021 inclu­ding new Alveo Smart­NICs, real-time ser­ver appli­ances for ultra-high-den­si­ty video trans­co­ding, the Sam­sung SmartS­SD® Com­pu­ta­tio­nal Sto­rage Dri­ve, the industry’s first adap­ta­ble com­pu­ta­tio­nal sto­rage plat­form, and the Xilinx App Store
• Wired and Wire­less Group (WWG) reve­nues were down 14% com­pared to fis­cal 2020 reflec­ting Chi­na trade-rela­ted impacts as well as slow­downs rela­ted to the COVID-19 pan­de­mic. The Wire­less end mar­ket reco­ver­ed in the second half of fis­cal 2021 as 5G deploy­ments acce­le­ra­ted in mul­ti­ple regi­ons across a varie­ty of tech­no­lo­gies. Ver­sal is now in pro­duc­tion with a Tier‑1 OEM to enable beam­forming tech­no­lo­gy in mas­si­ve MIMO appli­ca­ti­ons, and con­ti­nues to gain momen­tum with design wins with mul­ti­ple OEMs. RFSoC is in deploy­ment with mul­ti­ple cus­to­mers and Xilinx has a strong design win pipe­line with RFSoC DFE. Recent announce­ments with Mave­nir and Fuji­tsu, as well as for the T1 Tel­co Acce­le­ra­tor Card, posi­ti­on Xilinx to sup­port the emer­ging growth oppor­tu­ni­ties in O‑RAN
• Aero­space & Defen­se, Indus­tri­al and Test & Mea­su­re­ment (AIT) reve­nue grew 6% com­pared to fis­cal 2020, dri­ven by strength in Indus­tri­al, Sci­en­ti­fic & Medi­cal (ISM) and Test, Mea­su­re­ment & Emu­la­ti­on (TME) end mar­kets. Zynq pro­duct pene­tra­ti­on into appli­ca­ti­ons that have tra­di­tio­nal­ly used ASSPs and ASICs have pro­vi­ded signi­fi­cant expan­si­on of available mar­ket opportunities
• Auto­mo­ti­ve, Broad­cast and Con­su­mer (ABC) mar­kets deli­ver­ed 1% annu­al growth despi­te mate­ri­al impacts from the COVID-19 pan­de­mic. The Auto­mo­ti­ve end mar­ket reco­ver­ed stron­gly in the second half of fis­cal 2021 with con­se­cu­ti­ve quar­ters of record reve­nue in Q3 and Q4 despi­te ongo­ing sup­p­ly chain chal­lenges. Xilinx plat­forms con­ti­nue to be adopted by lea­ding glo­bal OEMs and manu­fac­tu­r­ers for ADAS appli­ca­ti­ons, inclu­ding Con­ti­nen­tal for a 4‑D ima­ging radar and Sub­aru to power its new-gene­ra­ti­on Eye­Sight ADAS system
• Xilinx intro­du­ced new solu­ti­ons for the edge, inclu­ding the new Kria adap­ti­ve sys­tem-on-modu­le (SOM) plat­form for acce­le­ra­ting AI appli­ca­ti­ons at the edge, and a cost-opti­mi­zed UltraS­ca­le+ port­fo­lio, for ultra-com­pact, high-per­for­mance edge compute
• Strong adop­ti­on momen­tum con­ti­nues for the Vitis soft­ware deve­lo­p­ment plat­form with over 76,000 down­loads and ano­ther 23,000 esti­ma­ted down­loads for Vitis AI deve­lo­p­ment envi­ron­ment for acce­le­ra­ting AI infe­rence. In addi­ti­on, over 20,000 deve­lo­pers have been trai­ned on Xilinx soft­ware tools, and more than 1,000 ISV part­ners have published over 200 appli­ca­ti­ons across all Xilinx powered adap­ti­ve plat­forms inclu­ding cloud, Alveo and SmartSSD

Com­men­ta­ry on AMD Transaction

As announ­ced on Octo­ber 27, 2020, Advan­ced Micro Devices, Inc. (AMD) intends to acqui­re Xilinx in an all-stock tran­sac­tion valued at $35 bil­li­on. Due to the pen­ding acqui­si­ti­on, Xilinx will not hold an ear­nings con­fe­rence call or pro­vi­de for­ward-loo­king gui­dance. Also, pur­su­ant to the terms of the Mer­ger Agree­ment bet­ween the Com­pa­ny and AMD, Xilinx has sus­pen­ded its quar­ter­ly divi­dend as well as its open mar­ket stock repurcha­se program.

Non-GAAP Finan­cial Information

Fis­cal year 2021 and fourth quar­ter 2021 results include finan­cial mea­su­res which are not deter­mi­ned in accordance with the United Sta­tes gene­ral­ly accept­ed accoun­ting prin­ci­ples (GAAP), as indi­ca­ted. Non-GAAP mea­su­res should not be con­side­red as a sub­sti­tu­te for, or supe­ri­or to, finan­cial mea­su­res deter­mi­ned in accordance with GAAP. The pre­sen­ta­ti­on of non-GAAP finan­cial mea­su­res has been recon­ci­led, in each case, to the most direct­ly com­pa­ra­ble GAAP mea­su­re, as indi­ca­ted in the accom­pany­ing tables. Xilinx’s (the Com­pa­ny) cal­cu­la­ti­on of such non-GAAP mea­su­res may not be com­pa­ra­ble to simi­lar­ly-titled mea­su­res used by other companies.

Manage­ment uses the non-GAAP finan­cial mea­su­res dis­c­lo­sed her­ein, other than free cash flow, to eva­lua­te the Company’s finan­cial results from con­ti­nuing ope­ra­ti­ons (exclu­ding the impact of acqui­si­ti­ons) and compa­re to ope­ra­ting per­for­mance in past peri­ods. Simi­lar­ly, Manage­ment belie­ves pre­sen­ta­ti­on of the­se non-GAAP mea­su­res is useful to inves­tors becau­se it enables inves­tors and ana­lysts to eva­lua­te ope­ra­ting expen­ses of the Company’s core busi­ness, exclu­ding the impact of non-core busi­ness expen­ses, such as acqui­si­ti­on-rela­ted amor­tiza­ti­on and non-recur­ring items, as descri­bed below:

M&A rela­ted expen­ses: The­se expen­ses main­ly con­sist of legal, advi­so­ry and con­sul­ting fees asso­cia­ted with acqui­si­ti­on acti­vi­ties, and also include fees and reten­ti­on com­pen­sa­ti­on rela­ted to the Company’s acqui­si­ti­on by AMD. The Com­pa­ny belie­ves the­se cos­ts do not reflect its cur­rent ope­ra­ting performance.

Amor­tiza­ti­on of acqui­si­ti­on-rela­ted intan­gi­bles: Amor­tiza­ti­on of acqui­si­ti­on-rela­ted intan­gi­ble assets con­sists of amor­tiza­ti­on of intan­gi­ble assets such as deve­lo­ped tech­no­lo­gy acqui­red in con­nec­tion with busi­ness com­bi­na­ti­ons. The non-GAAP adjus­t­ments exclude the­se char­ges to faci­li­ta­te an eva­lua­ti­on of the Company’s cur­rent ope­ra­ting per­for­mance and com­pa­ri­sons to its past ope­ra­ting performance.

Inco­me taxes: The Com­pa­ny excludes the inco­me tax effects of non-GAAP adjus­t­ments reflec­ted in ope­ra­ting expen­ses and other inco­me, as detail­ed abo­ve. It also excludes other signi­fi­cant tax effects of post-acqui­si­ti­on tax inte­gra­ti­on tran­sac­tions. The Com­pa­ny belie­ves exclu­ding post-acqui­si­ti­on tax inte­gra­ti­on items will faci­li­ta­te a com­pa­ra­ble eva­lua­ti­on of its cur­rent per­for­mance to its past performance.

In addi­ti­on, free cash flow, which is cash flow from ope­ra­ti­ons adjus­ted to exclude addi­ti­ons to soft­ware, pro­per­ty, plant, and equip­ment, is used by manage­ment when asses­sing the Company’s sources of liqui­di­ty, capi­tal resour­ces, and qua­li­ty of ear­nings. The Com­pa­ny belie­ves that this non-GAAP finan­cial mea­su­re is hel­pful in under­stan­ding the Company’s capi­tal requi­re­ments and pro­vi­des an addi­tio­nal means to eva­lua­te the cash flow trends of the Company’s business.

For­ward-Loo­king Statements

This release con­ta­ins for­ward-loo­king state­ments, which can often be iden­ti­fied by the use of for­ward-loo­king words such as “expect,” “belie­ve,” “may,” “will,” “could,” “anti­ci­pa­te,” “esti­ma­te,” “con­ti­nue,” “plan,” “intend,” “pro­ject” or other simi­lar expres­si­ons. State­ments that refer to or are based on uncer­tain events or assump­ti­ons also iden­ti­fy for­ward-loo­king state­ments. Such for­ward-loo­king state­ments include, but are not limi­t­ed to, state­ments rela­ted to our pro­po­sed acqui­si­ti­on by AMD, the semi­con­duc­tor mar­ket, the growth and accep­tance of our pro­ducts, expec­ted reve­nue growth, the demand and growth in the mar­kets we ser­ve, and oppor­tu­ni­ty for expan­si­on into new mar­kets. Undue reli­ance should not be pla­ced on such for­ward-loo­king state­ments, which speak only as of the date they are made. We under­ta­ke no obli­ga­ti­on to update such for­ward-loo­king state­ments. Actu­al events and results may dif­fer mate­ri­al­ly from tho­se in the for­ward-loo­king state­ments and are sub­ject to risks and uncer­tain­ties, inclu­ding, among others, the impact of the ongo­ing COVID-19 pan­de­mic and rela­ted miti­ga­ti­on mea­su­res (which, in addi­ti­on to pre­sen­ting its own risks and uncer­tain­ties, may also heigh­ten the other risks and uncer­tain­ties faced by our busi­ness and decrease our visi­bi­li­ty into all aspects of our busi­ness); clo­sing of the pro­po­sed tran­sac­tion with AMD on anti­ci­pa­ted timing (inclu­ding the risk that the con­di­ti­ons to the tran­sac­tion are not satis­fied on a time­ly basis or at all or the fail­ure of the tran­sac­tion to clo­se for any other reason) and terms (inclu­ding obtai­ning the anti­ci­pa­ted tax tre­at­ment, regu­la­to­ry appr­ovals, requi­red cons­ents or aut­ho­riza­ti­ons); unan­ti­ci­pa­ted dif­fi­cul­ties or expen­dit­ures rela­ting to the tran­sac­tion; the respon­se of busi­ness part­ners and reten­ti­on as a result of the announce­ment and pen­den­cy of the tran­sac­tion; the diver­si­on of manage­ment time on tran­sac­tion-rela­ted mat­ters; cus­to­mer accep­tance of our new pro­ducts; chan­ging glo­bal eco­no­mic con­di­ti­ons; our depen­dence on cer­tain cus­to­mers; trade and export rest­ric­tions; the con­di­ti­on and per­for­mance of our cus­to­mers and the end mar­kets in which they par­ti­ci­pa­te; our abili­ty to fore­cast end cus­to­mer demand; a high depen­dence on turns busi­ness; more cus­to­mer volu­me dis­counts than expec­ted; grea­ter pro­duct mix chan­ges than anti­ci­pa­ted; fluc­tua­tions in manu­fac­tu­ring yields; our abili­ty to deli­ver pro­duct in a time­ly man­ner; our abili­ty to suc­cessful­ly mana­ge pro­duc­tion at mul­ti­ple found­ries; our reli­ance on third par­ties (inclu­ding dis­tri­bu­tors); varia­bi­li­ty in wafer pri­cing; cos­ts and lia­bi­li­ties asso­cia­ted with cur­rent and future liti­ga­ti­on (inclu­ding liti­ga­ti­on rela­ting to the pro­po­sed tran­sac­tion with AMD); our abili­ty to gene­ra­te cost and ope­ra­ting expen­se savings in an effi­ci­ent and time­ly man­ner; our abili­ty to rea­li­ze the goals con­tem­pla­ted by our acqui­si­ti­ons and stra­te­gic invest­ments; the impact of cur­rent and future legis­la­ti­ve and regu­la­to­ry chan­ges; the impact of new accoun­ting pro­no­unce­ments and tax laws, inclu­ding the U.S. Tax Cuts and Jobs Act, and inter­pre­ta­ti­ons the­reof; and other risk fac­tors descri­bed in our most recent Forms 10‑Q and 10‑K and sub­se­quent filings with the U.S. Secu­ri­ties and Exch­an­ge Commission.

About Xilinx

Xilinx, Inc. deve­lo­ps high­ly fle­xi­ble and adap­ti­ve com­pu­ting plat­forms that enable rapid inno­va­ti­on across a varie­ty of tech­no­lo­gies — from the cloud, to the edge, to the end­point. Xilinx is the inven­tor of the FPGA and Adap­ti­ve SoCs (inclu­ding our Adap­ti­ve Com­pu­te Acce­le­ra­ti­on Plat­form, or ACAP), desi­gned to deli­ver the most dyna­mic com­pu­ting tech­no­lo­gy in the indus­try. We col­la­bo­ra­te with our cus­to­mers to crea­te sca­lable, dif­fe­ren­tia­ted and intel­li­gent solu­ti­ons that enable the adap­ta­ble, intel­li­gent and con­nec­ted world of the future. For more infor­ma­ti­on, visit xilinx.com.

Xilinx, the Xilinx logo, Alveo, Artix, Kin­tex, Spar­tan, Ver­sal, Vitis, Vir­tex, Viv­a­do, Zynq, Kria and other desi­gna­ted brands included her­ein are trade­marks of Xilinx in the United Sta­tes and/or other count­ries. All other trade­marks are the pro­per­ty of their respec­ti­ve owners.

XILINX, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unau­di­ted)
(In thou­sands, except per share amounts)
	Three Months Ended							Twel­ve Months Ended
	April 3, 2021			Janu­ary 2, 2021		March 28, 2020		April 3, 2021			March 28, 2020
Net reve­nues	$	850,987		$	803,404	$	756,169	$	3,147,599		$	3,162,666
Cost of revenues:
Cost of pro­ducts sold		272,851			249,529		221,037		966,604			1,025,234
Amor­tiza­ti­on of acqui­si­ti­on-rela­ted intangibles		7,733			6,875		6,697		28,000			22,396
Total cost of revenues		280,584			256,404		227,734		994,604			1,047,630
Gross mar­gin		570,403			547,000		528,435		2,152,995			2,115,036
Ope­ra­ting expenses:
Rese­arch and development		239,863			235,018		214,968		904,639			853,589
Sel­ling, gene­ral and administrative		127,872			136,701		103,675		483,749			432,308
Amor­tiza­ti­on of acqui­si­ti­on-rela­ted intangibles		2,887			2,856		3,401		11,468			8,889
Res­truc­tu­ring charges		-			-		28,362		-			28,362
Total ope­ra­ting expenses		370,622			374,575		350,406		1,399,856			1,323,148
Ope­ra­ting income		199,781			172,425		178,029		753,139			791,888
Inte­rest and other inco­me (expen­se), net		(4,245	)		3,709		11,717		(23,461	)		42,096
Inco­me befo­re inco­me taxes		195,536			176,134		189,746		729,678			833,984
Pro­vi­si­on for inco­me taxes		7,652			5,162		27,489		83,170			41,263
Net inco­me	$	187,884		$	170,972	$	162,257	$	646,508		$	792,721
Net inco­me per com­mon share:
Basic	$	0.76		$	0.70	$	0.66	$	2.65		$	3.15
Diluted	$	0.75		$	0.69	$	0.65	$	2.62		$	3.11
Cash divi­dends per com­mon share	$	-		$	0.38	$	0.37	$	1.14		$	1.48
Shares used in per share calculations:
Basic		245,774			245,145		247,166		244,257			251,732
Diluted		249,030			248,148		249,320		247,229			254,943

XILINX, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thou­sands)
	April 3, 2021		March 28, 2020*
	(unau­di­ted)
ASSETS
Cur­rent assets:
Cash, cash equi­va­lents and short-term investments	$	3,078,899	$	2,267,216
Accounts receiva­ble, net		285,214		273,028
Invent­ories		311,085		304,340
Other cur­rent assets		71,064		64,557
Total cur­rent assets		3,746,262		2,909,141
Net pro­per­ty, plant and equipment		345,023		372,574
Other assets		1,427,916		1,411,619
Total assets	$	5,519,201	$	4,693,334
LIABILITIES AND STOCKHOLDERS’ EQUITY
Cur­rent liabilities:
Accounts paya­ble and accrued liabilities	$	624,555	$	586,421
Cur­rent por­ti­on of long-term debt		-		499,260
Total cur­rent liabilities		624,555		1,085,681
Long-term debt		1,492,688		747,110
Other long-term liabilities		514,997		545,494
Stock­hol­ders’ equity		2,886,961		2,315,049
Total Lia­bi­li­ties and Stock­hol­ders’ Equity	$	5,519,201	$	4,693,334
* Fis­cal 2020 balan­ces are deri­ved from audi­ted finan­cial statements.

XILINX, INC.
SUPPLEMENTAL FINANCIAL INFORMATION
(Unau­di­ted)
(In thou­sands)
	Three Months Ended									Twel­ve Months Ended
	April 3, 2021			Janu­ary 2, 2021			March 28, 2020			April 3, 2021		March 28, 2020
SELECTED CASH FLOW INFORMATION:
Depre­cia­ti­on and amor­tiza­ti­on of software	$	29,616		$	30,818		$	28,603		$	122,432	$	97,485
Amor­tiza­ti­on — others		16,574			17,133			16,282			64,082		60,048
Stock-based com­pen­sa­ti­on		71,077			66,331			43,991			246,230		186,723
Net cash pro­vi­ded by ope­ra­ting activities		240,030			360,137			345,351			1,093,221		1,190,836
Purcha­ses of pro­per­ty, plant, equip­ment and software		12,864			6,009			32,309			49,665		129,289
Pay­ment of divi­dends to stockholders		-			93,155			91,417			278,674		371,793
Repay­ment of debt		500,000			-			-			500,000		-
Repurcha­ses of com­mon stock		-			-			470,733			53,682		1,208,917
Taxes paid rela­ted to net share sett­le­ment of rest­ric­ted stock units, net of pro­ceeds from issu­an­ce of com­mon stock		(29,400	)		4,560			(28,082	)		8,471		27,459
STOCK-BASED COMPENSATION INCLUDED IN:
Cost of revenues	$	3,616		$	3,465		$	1,649		$	12,765	$	10,035
Rese­arch and development		43,564			40,228			28,857			150,271		114,976
Sel­ling, gene­ral and administrative		23,897			22,638			13,313			83,194		61,540
Res­truc­tu­ring charges		-			-			172			-		172

XILINX, INC.
RECONCILIATIONS OF GAAP ACTUALS TO NON-GAAP ACTUALS
(Unau­di­ted)
(In thou­sands, except per share amounts)
	Three Months Ended									Twel­ve Months Ended
	April 3, 2021			Janu­ary 2, 2021			March 28, 2020			April 3, 2021			March 28, 2020
GAAP gross margin	$	570,403		$	547,000		$	528,435		$	2,152,995		$	2,115,036
Inven­to­ry valua­ti­on adjustment		-			-			-			-			3,855
Amor­tiza­ti­on of acqui­si­ti­on-rela­ted intangibles		7,733			6,875			6,697			28,000			22,396
M&A rela­ted expenses		842			114			-			957			-
Non-GAAP gross margin	$	578,978		$	553,989		$	535,132		$	2,181,952		$	2,141,287
GAAP ope­ra­ting income	$	199,781		$	172,425		$	178,029		$	753,139		$	791,888
Inven­to­ry valua­ti­on adjustment		-			-			-			-			3,855
Amor­tiza­ti­on of acqui­si­ti­on-rela­ted intangibles		10,620			9,731			10,098			39,468			31,285
M&A rela­ted expenses		17,220			19,150			1,798			39,440			14,190
Res­truc­tu­ring charges		-			-			28,362			-			28,362
Non-GAAP ope­ra­ting income	$	227,621		$	201,306		$	218,287		$	832,047		$	869,580
GAAP net income	$	187,884		$	170,972		$	162,257		$	646,508		$	792,721
Inven­to­ry valua­ti­on adjustment		-			-			-			-			3,855
Amor­tiza­ti­on of acqui­si­ti­on-rela­ted intangibles		10,620			9,731			10,098			39,468			31,285
M&A rela­ted expenses		17,220			19,150			1,798			39,440			14,190
Res­truc­tu­ring charges		-			-			28,362			-			28,362
Inco­me tax effect of inter­com­pa­ny inte­gra­ti­on transactions		-			-			-			-			(1,838	)
Inco­me tax effect of tax-rela­ted items		(6,776	)		(528	)		-			49,497			-
Inco­me tax effect of non-GAAP adjustments		(5,006	)		(5,100	)		(9,137	)		(13,167	)		(15,271	)
Non-GAAP net income	$	203,942		$	194,225		$	193,378		$	761,746		$	853,304
GAAP diluted EPS	$	0.75		$	0.69		$	0.65		$	2.62		$	3.11
Inven­to­ry valua­ti­on adjustment		-			-			-			-			0.02
Amor­tiza­ti­on of acqui­si­ti­on-rela­ted intangibles		0.04			0.04			0.04			0.16			0.11
M&A rela­ted expenses		0.08			0.07			0.01			0.15			0.06
Res­truc­tu­ring charges		-			-			0.12			-			0.12
Inco­me tax effect of inter­com­pa­ny inte­gra­ti­on transactions		-			-			-			-			(0.01	)
Inco­me tax effect of tax-rela­ted items		(0.03	)		-			-			0.20			-
Inco­me tax effect of non-GAAP adjustments		(0.02	)		(0.02	)		(0.04	)		(0.05	)		(0.06	)
Non-GAAP diluted EPS	$	0.82		$	0.78		$	0.78		$	3.08		$	3.35
GAAP cash flow from operations	$	240,030		$	360,137		$	345,351		$	1,093,221		$	1,190,836
Capi­tal expen­dit­ures (inclu­ding software)		(12,864	)		(6,009	)		(32,309	)		(49,665	)		(129,289	)
Free cash flow	$	227,166		$	354,128		$	313,042		$	1,043,556		$	1,061,547

XLNX‑F

Source: Xilinx Newsroom

Cate­go­ry: Cor­po­ra­te Announcements

View source ver­si­on on businesswire.com: https://www.businesswire.com/news/home/20210504006183/en/

Inves­tor Rela­ti­ons Contact:
Suresh Bhaskaran
Xilinx, Inc.
(408) 879‑4784

Source: Xilinx, Inc.