Note Regarding Forward-looking Statements
The following discussion should be read in conjunction with the condensed consolidated financial statements and the related notes that appear elsewhere in this document.
Business and Macroeconomic Environment
Strategy
Critical Accounting Policies and Estimates
The following table sets forth certain operational data as a percentage of net sales for the periods covered by this report:
The following table summarizes our net sales for the periods covered by this report (dollars in millions):
We sell a large number of products to a large and diverse customer base and there was not any single product or customer that accounted for a material portion of the change in our net sales in the three and six months ended
Analog
We consider a majority of the products in our analog product line to be proprietary in nature, where prices are relatively stable, similar to the pricing stability experienced in our microcontroller products. The non-proprietary portion of our analog product line will experience price fluctuations, driven primarily by the current supply and demand for those products.
Other
Sales by Geography
Sales by geography for the periods covered by this report were as follows (dollars in millions):
Gross Profit
Research and Development
R&D expenses fluctuate over time, primarily due to revenue and operating expense investment levels.
Selling, General and Administrative
The
primary reason for the increases in selling, general and administrative expenses was increases in employee compensation.
Selling, general and administrative expenses fluctuate over time, primarily due to revenue and operating expense investment levels.
Special Charges (Income) and Other, Net
Interest income in the three and six months ended
Provision for Income Taxes
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Table of Contents
We had
Operating Activities
Investing Activities
Financing Activities
Capital Returns
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