Fourth Quarter Revenues Down 9.6% Sequentially

Fiscal 2001 Revenues Grew 63%



Apr 19, 2001, 01:00 ET from Xilinx, Inc.

    SAN JOSE, Calif., April 19 /PRNewswire/ -- Xilinx, Inc. (Nasdaq:   XLNX)
 today announced record sales, pro-forma operating income and net income for
 fiscal 2001. Revenues per employee also increased to nearly $700,000, up from
 approximately $600,000 at the end of the prior fiscal year.
 
     Fiscal Year 2001
     (In millions, except per share EBG* amounts)
                                     FY 2001         FY 2000      % Change
     Revenues                       $1,659.4        $1,021.0           63%
     Operating income(EBG)             497.1           322.2           54%
     Net income(EBG)                   382.9           254.4           51%
     Diluted EPS (EBG)                 $1.08           $0.74           46%
 
     * Earnings before goodwill, amortization, acquisition-related costs and
 one-time charges
 
     Quarterly Information
     (In millions, except per share EBG* amounts)
                                Q4       Q3                  Q4
                             FY 2001  FY 2001  Q-Q Change  FY 2000  Y-Y Change
     Revenues                 $407.0   $450.1     -10%     $306.6      33%
     Operating income(EBG)      85.3    143.4     -41%      100.2     -15%
     Net income(EBG)            65.7    109.3     -40%       78.3     -16%
     Diluted EPS (EBG)         $0.19    $0.31     -39%      $0.22    - 14%
 
     * Earnings before goodwill, amortization, acquisition-related costs and
 one-time charges
 
     "It was a record year for Xilinx and the Programmable Logic Device (PLD)
 industry," said Wim Roelandts, Xilinx's president and chief executive officer.
 "The PLD segment of the overall logic industry grew from 13% in 1999 to 16% in
 2000.(1)  Additionally, Xilinx gained three percentage points within the PLD
 industry and is now the world's fifth largest supplier of ASICs with 7% share,
 up from 5% market share in calendar 1999.(2)  From a product perspective, our
 flagship Virtex(TM) family continues to be the industry's fastest growing FPGA
 family and now represents over 40% of total Xilinx revenues.  Fiscal 2001
 revenues from this product family increased 320% from fiscal 2000.  However,
 the March quarter was a difficult one for Xilinx.  The general economic
 slowdown coupled with excess inventories resulted in a high level of
 cancellations during the quarter and Xilinx's first sequential revenue decline
 in nearly three years.  In addition, gross margin declined to 52% due to a
 sizeable inventory write-down, which resulted from a sharp increase in
 inventory levels unsupported by customer demand and backlog.  Despite these
 events, sales from both the Virtex(TM)-E and Spartan(TM)-II FPGA families grew
 during the March quarter."
     (1) Source:  WSTS, February 2001
     (2) Source:  Gartner Group, April 2001
 
     Business Review for Q4 FY 2001 and Outlook for Q1 FY 2002:
 
     -- End customer bookings and backlog for the March quarter declined double
        digits sequentially.
     -- Turns bookings were 74 percent for the quarter as compared to
        48 percent last quarter.
     -- Inventory days at Xilinx and at worldwide distribution were 158 days
        and 48 days, respectively, compared to 135 days and 52 days last
        quarter.
     -- Capital expenditures and depreciation were $45 million and $13 million,
        respectively.
     -- Days sales outstanding declined by 5 days to 39 days.
     -- Revenues are expected to decline by 15-25 percent sequentially in the
        June quarter. *
 
     Revenue by Geography:
 
                     Q4 FY 2001  Q3 FY 2001  Q-Q Change Q4 FY 2000  Y-Y Change
     North America       56%         62%        -19%        66%        13%
     Europe              23%         18%         15%        20%        50%
     Japan               12%         11%          2%         8%        86%
     Asia Pacific         9%          9%        -10%         6%       122%
 
     Revenue by End Market:
                               Q4        Q3                  Q4
                             FY 2001  FY 2001  Q-Q Change  FY 2000  Y-Y Change
     Communications            79%       77%       -7%       72%       46%
     Storage & Servers         13%       15%      -22%       22%      -22%
     Other                      8%        8%      -10%        6%       77%
 
     Revenue by Technology:
 
                     Q4 FY 2001 Q3 FY 2001  Q-Q Change  Q4 FY 2000  Y-Y Change
     Base                 5%         5%         -13%         9%        -27%
     Mainstream          29%        34%         -22%        49%        -21%
     Advanced            58%        53%          -2%        34%        128%
     Support              8%         8%          -7%         8%         34%
 
     Product segments are defined as follows:
 
     -- Base products: XC2000, XC3000, XC3100, XC4000, and XC7000 (0.6 micron
        or greater);
     -- Mainstream products: XC4000E, XC4000EX, XC4000XL, XC5200, XC9500,
        XC9500XL, Spartan and CoolRunner(TM) products (0.35 micron - 0.5
        micron);
     -- Advanced products: XC4000XV, XC4000XLA, SpartanXL, Spartan-II, Virtex,
        and Virtex-E (0.25 micron or less);
     -- Support products: Configuration solutions, HardWire(TM), and Software
        and Support Services
 
     Fiscal 2001 Key Accomplishments:
 
     -- In June, Xilinx released its Alliance 3.1i software tools to further
 extend Xilinx's leadership in speed of design completion, coupled with the
 highest clock frequencies available for FPGAs.  This software also includes
 industry-leading features for multi-million gate designs, such as modular and
 incremental design.
 
     -- In July, Xilinx and IBM announced a strategic partnership enabling them
 to combine their industry-leading technologies to create a new generation of
 chips for use in communications, storage and consumer applications.
 Specifically, Xilinx plans to embed IBM's high performance PowerPC processor
 cores into the Virtex-II architecture.
 
     -- In October, Xilinx acquired Rocketchips, a leading developer of
 ultra-high-speed CMOS mixed-signal transceivers serving the networking,
 wireless and wired telecommunications, and enterprise storage markets.  With
 high-speed serial I/O technology, these products will provide significant
 benefit in bandwidth, cost, power and integration compared to existing
 alternatives.
 
     -- In November, Xilinx unveiled its XtremeDSP initiative, demonstrating
 Xilinx's commitment to providing high-performance DSP solutions.  Xilinx FPGAs
 are uniquely suited to very high-speed DSP processing used in applications
 such as cellular base stations, video streaming and HDTV, delivering speeds of
 up to 100 times the performance of conventional DSP solutions.
 
     -- In January 2001, Xilinx launched its next generation Virtex series
 Platform FPGAs.  Based on the new Virtex-II architecture, this is an important
 evolutionary step allowing the integration of both soft and hard intellectual
 property cores into an FPGA.  The Virtex-II family members range in density
 from 40,000 up to 10 million system gates and are manufactured using
 0.15-micron process technology.  The first members of the Virtex-II family are
 currently shipping with the rest of the family expected to be available by the
 end of calendar 2001.
 
     -- During fiscal 2001, Xilinx spearheaded a Home Networking initiative
 aimed at educating FPGA and ASIC designers on the evolving standards and
 technologies in the emerging home networking market.  Xilinx Spartan FPGAs are
 strong beneficiaries of the growth in the home networking space and are used
 increasingly in applications such as SOHO routers, video on demand and
 wireless LANs.  In fiscal 2001, sales from Spartan family FPGAs increased
 nearly 160% compared to fiscal 2000.
 
     First Quarter Fiscal Year 2002 Business Updates
     First quarter business updates will be posted to the Xilinx Investor
 Relations web site at:  http://www.investor.xilinx.com after the market closes
 on Monday, May 7, and Monday, June 4, 2001.  Financial guidance to the
 investment community will be limited to the points mentioned in the business
 update document.  Please sign up for a push email alert, which is available
 from our investor relations web site.
 
     About Xilinx
     Xilinx is the leading supplier of complete programmable logic solutions,
 including advanced integrated circuits, software design tools, predefined
 system functions delivered as cores, and unparalleled field engineering
 support.  Founded in 1984 and headquartered in San Jose, Calif., Xilinx
 invented the field programmable gate array (FPGA) and fulfills more than half
 of the world demand for these devices today.  Xilinx solutions enable
 customers to reduce significantly the time required to develop products for
 the computer, peripheral, telecommunications, networking, industrial control,
 instrumentation, aerospace, defense, and consumer markets.  For more
 information, visit the Xilinx web site at http://www.xilinx.com .
 
     * This is a forward-looking statement that includes risks and
 uncertainties including the general health of global economies, as well as the
 health of our two primary end markets:  communications and storage/servers,
 end customer demand, dependency on turns bookings and the customer acceptance
 of our advanced products.
 
                                    XILINX, INC.
 
                                     PRO FORMA
 
     CONDENSED CONSOLIDATED STATEMENTS OF INCOME
     (Thousands except per share amounts)
 
                                 (Unaudited)                (Unaudited)
                              Three months ended        Twelve months ended
 
                          Mar. 31,  Apr. 1,  Dec. 30,   Mar. 31,    Apr. 1,
                           2001      2000     2000       2001        2000
 
     Net revenues        $407,020  $306,569  $450,103  $1,659,358  $1,020,993
 
     Cost of revenues     194,949   114,499   179,199     679,402     384,038
     Research and
      development          57,696    36,640    56,408     208,730     123,584
     Sales, general and
      administrative       69,098    55,228    71,082     274,093     186,619
     Write-off of in-
      process technology       --        --        --          --       4,560
 
     Operating income      85,277   100,202   143,414     497,133     322,192
     Interest and other
      income, net           5,915     8,099     8,436      34,634      27,352
 
     Income before
      provision for taxes
      on income and
      equity in joint
      venture              91,192   108,301   151,850     531,767     349,544
 
     Provision for taxes
      on income            25,534    31,407    42,517     148,895     101,368
 
     Income (Loss) before
      equity in joint
      venture              65,658    76,894   109,333     382,872     248,176
 
     Equity in net income
      of joint venture         --     1,374        --          --       6,184
 
     Net income (loss)    $65,658   $78,268  $109,333    $382,872    $254,360
 
     Basic net income
      (loss) per share      $0.20     $0.24     $0.33       $1.17       $0.80
     Diluted net income
      (loss) per share      $0.19     $0.22     $0.31       $1.08       $0.74
 
     Common and
      equivalent shares
      used in computing
      net income (loss)
      per share amounts:
       Basic              330,682   323,397   329,643     328,196     316,724
       Diluted            351,986   351,461   353,424     353,345     343,479
 
                                  XILINX, INC.
 
     CONDENSED CONSOLIDATED STATEMENTS OF INCOME
     (Thousands except per share amounts)
 
                                   (Unaudited)                (Audited)
                               Three months ended         Twelve months ended
 
                            Mar. 31,  Apr. 1, Dec. 30,   Mar. 31,     Apr. 1,
                             2001      2000     2000       2001        2000
 
     Net revenues          $407,020  $306,569 $450,103  $1,659,358 $1,020,993
 
     Cost of revenues       194,949   114,499  179,199    679,402     384,038
     Research and
      development            57,696    36,640   56,408    208,730     123,584
     Sales, general and
      administrative         69,098    55,228   71,082    274,093     186,619
     Write-off of in-process
      technology                 --        --   90,700     90,700       4,560
     Amortization of
      acquisition related
      items including
      intangibles and non-
      cash deferred stock
      compensation           12,806        --    9,574     22,380          --
 
     Operating income        72,471   100,202   43,140    384,053     322,192
     Capital gain/(loss)
      from UMC investment (362,124)   674,728        0  (362,124)     674,728
     Interest and other
      income, net            10,455     8,099    8,436     39,174      27,352
 
     Income before provision
      for taxes on income
      and equity in joint
      venture             (279,198)   783,029   51,576     61,103   1,024,272
     Provision for taxes
      on income (loss)    (117,081)   308,046   62,083     25,845     378,006
 
     Income (Loss) before
      equity in joint
      venture             (162,117)   474,983 (10,507)     35,258     646,266
     Equity in net income
      of joint venture           --     1,374       --         --       6,184
 
     Net income (loss)   $(162,117)  $476,357 $(10,507)   $35,258    $652,450
 
     Basic net income
      (loss) per share      $(0.49)     $1.47  $(0.03)      $0.11       $2.06
     Diluted net income
      (loss) per share      $(0.49)     $1.36  $(0.03)      $0.10       $1.90
 
     Common and equivalent
      shares used in
      computing net income
      (loss) per share
      amounts:
       Basic                330,682   323,397  329,643    328,196     316,724
       Diluted              330,682   351,461  329,643    353,345     343,479
 
                                   XILINX, INC.
 
     CONDENSED CONSOLIDATED BALANCE SHEETS  (Thousands)
                                                  Mar. 31,            Apr. 1,
                                                    2001               2000
                                                  (Audited)          (Audited)
 
     Current assets
     Cash, cash equivalents and short term
      investments                                  $370,784          $607,750
     Accounts receivable, net                       172,768           135,048
     Inventories                                    342,453           131,307
     Advances for wafer purchases                        --            22,485
     Deferred income taxes and other
      current assets                                215,874           144,335
 
     Total current assets                         1,101,879         1,040,925
 
     Property, plant and equipment, net             417,176           240,374
     Long-term investments                          288,972           185,073
     Investment in UMC                              430,894           838,923
     Developed technology and other assets          263,275            43,344
 
     Total assets                                $2,502,196        $2,348,639
 
     Current liabilities
     Accounts payable and accrued
      liabilities                                  $219,909          $129,710
     Deferred income on shipments to
      distributors                                  130,501           115,002
 
     Total current liabilities                      350,410           244,712
 
     Deferred tax liabilities                       233,470           327,272
 
     Stockholders' equity
     Common stock and additional paid-in
      capital                                       728,937           490,889
     Retained earnings                            1,257,083         1,259,510
     Treasury stock, at cost                        (70,584)               --
     Accumulated other comprehensive
      income                                          2,880            26,256
 
     Total stockholders' equity                   1,918,316         1,776,655
 
     Total liabilities and stockholders'
      equity                                     $2,502,196        $2,348,639
 
 

SOURCE Xilinx, Inc.
    SAN JOSE, Calif., April 19 /PRNewswire/ -- Xilinx, Inc. (Nasdaq:   XLNX)
 today announced record sales, pro-forma operating income and net income for
 fiscal 2001. Revenues per employee also increased to nearly $700,000, up from
 approximately $600,000 at the end of the prior fiscal year.
 
     Fiscal Year 2001
     (In millions, except per share EBG* amounts)
                                     FY 2001         FY 2000      % Change
     Revenues                       $1,659.4        $1,021.0           63%
     Operating income(EBG)             497.1           322.2           54%
     Net income(EBG)                   382.9           254.4           51%
     Diluted EPS (EBG)                 $1.08           $0.74           46%
 
     * Earnings before goodwill, amortization, acquisition-related costs and
 one-time charges
 
     Quarterly Information
     (In millions, except per share EBG* amounts)
                                Q4       Q3                  Q4
                             FY 2001  FY 2001  Q-Q Change  FY 2000  Y-Y Change
     Revenues                 $407.0   $450.1     -10%     $306.6      33%
     Operating income(EBG)      85.3    143.4     -41%      100.2     -15%
     Net income(EBG)            65.7    109.3     -40%       78.3     -16%
     Diluted EPS (EBG)         $0.19    $0.31     -39%      $0.22    - 14%
 
     * Earnings before goodwill, amortization, acquisition-related costs and
 one-time charges
 
     "It was a record year for Xilinx and the Programmable Logic Device (PLD)
 industry," said Wim Roelandts, Xilinx's president and chief executive officer.
 "The PLD segment of the overall logic industry grew from 13% in 1999 to 16% in
 2000.(1)  Additionally, Xilinx gained three percentage points within the PLD
 industry and is now the world's fifth largest supplier of ASICs with 7% share,
 up from 5% market share in calendar 1999.(2)  From a product perspective, our
 flagship Virtex(TM) family continues to be the industry's fastest growing FPGA
 family and now represents over 40% of total Xilinx revenues.  Fiscal 2001
 revenues from this product family increased 320% from fiscal 2000.  However,
 the March quarter was a difficult one for Xilinx.  The general economic
 slowdown coupled with excess inventories resulted in a high level of
 cancellations during the quarter and Xilinx's first sequential revenue decline
 in nearly three years.  In addition, gross margin declined to 52% due to a
 sizeable inventory write-down, which resulted from a sharp increase in
 inventory levels unsupported by customer demand and backlog.  Despite these
 events, sales from both the Virtex(TM)-E and Spartan(TM)-II FPGA families grew
 during the March quarter."
     (1) Source:  WSTS, February 2001
     (2) Source:  Gartner Group, April 2001
 
     Business Review for Q4 FY 2001 and Outlook for Q1 FY 2002:
 
     -- End customer bookings and backlog for the March quarter declined double
        digits sequentially.
     -- Turns bookings were 74 percent for the quarter as compared to
        48 percent last quarter.
     -- Inventory days at Xilinx and at worldwide distribution were 158 days
        and 48 days, respectively, compared to 135 days and 52 days last
        quarter.
     -- Capital expenditures and depreciation were $45 million and $13 million,
        respectively.
     -- Days sales outstanding declined by 5 days to 39 days.
     -- Revenues are expected to decline by 15-25 percent sequentially in the
        June quarter. *
 
     Revenue by Geography:
 
                     Q4 FY 2001  Q3 FY 2001  Q-Q Change Q4 FY 2000  Y-Y Change
     North America       56%         62%        -19%        66%        13%
     Europe              23%         18%         15%        20%        50%
     Japan               12%         11%          2%         8%        86%
     Asia Pacific         9%          9%        -10%         6%       122%
 
     Revenue by End Market:
                               Q4        Q3                  Q4
                             FY 2001  FY 2001  Q-Q Change  FY 2000  Y-Y Change
     Communications            79%       77%       -7%       72%       46%
     Storage & Servers         13%       15%      -22%       22%      -22%
     Other                      8%        8%      -10%        6%       77%
 
     Revenue by Technology:
 
                     Q4 FY 2001 Q3 FY 2001  Q-Q Change  Q4 FY 2000  Y-Y Change
     Base                 5%         5%         -13%         9%        -27%
     Mainstream          29%        34%         -22%        49%        -21%
     Advanced            58%        53%          -2%        34%        128%
     Support              8%         8%          -7%         8%         34%
 
     Product segments are defined as follows:
 
     -- Base products: XC2000, XC3000, XC3100, XC4000, and XC7000 (0.6 micron
        or greater);
     -- Mainstream products: XC4000E, XC4000EX, XC4000XL, XC5200, XC9500,
        XC9500XL, Spartan and CoolRunner(TM) products (0.35 micron - 0.5
        micron);
     -- Advanced products: XC4000XV, XC4000XLA, SpartanXL, Spartan-II, Virtex,
        and Virtex-E (0.25 micron or less);
     -- Support products: Configuration solutions, HardWire(TM), and Software
        and Support Services
 
     Fiscal 2001 Key Accomplishments:
 
     -- In June, Xilinx released its Alliance 3.1i software tools to further
 extend Xilinx's leadership in speed of design completion, coupled with the
 highest clock frequencies available for FPGAs.  This software also includes
 industry-leading features for multi-million gate designs, such as modular and
 incremental design.
 
     -- In July, Xilinx and IBM announced a strategic partnership enabling them
 to combine their industry-leading technologies to create a new generation of
 chips for use in communications, storage and consumer applications.
 Specifically, Xilinx plans to embed IBM's high performance PowerPC processor
 cores into the Virtex-II architecture.
 
     -- In October, Xilinx acquired Rocketchips, a leading developer of
 ultra-high-speed CMOS mixed-signal transceivers serving the networking,
 wireless and wired telecommunications, and enterprise storage markets.  With
 high-speed serial I/O technology, these products will provide significant
 benefit in bandwidth, cost, power and integration compared to existing
 alternatives.
 
     -- In November, Xilinx unveiled its XtremeDSP initiative, demonstrating
 Xilinx's commitment to providing high-performance DSP solutions.  Xilinx FPGAs
 are uniquely suited to very high-speed DSP processing used in applications
 such as cellular base stations, video streaming and HDTV, delivering speeds of
 up to 100 times the performance of conventional DSP solutions.
 
     -- In January 2001, Xilinx launched its next generation Virtex series
 Platform FPGAs.  Based on the new Virtex-II architecture, this is an important
 evolutionary step allowing the integration of both soft and hard intellectual
 property cores into an FPGA.  The Virtex-II family members range in density
 from 40,000 up to 10 million system gates and are manufactured using
 0.15-micron process technology.  The first members of the Virtex-II family are
 currently shipping with the rest of the family expected to be available by the
 end of calendar 2001.
 
     -- During fiscal 2001, Xilinx spearheaded a Home Networking initiative
 aimed at educating FPGA and ASIC designers on the evolving standards and
 technologies in the emerging home networking market.  Xilinx Spartan FPGAs are
 strong beneficiaries of the growth in the home networking space and are used
 increasingly in applications such as SOHO routers, video on demand and
 wireless LANs.  In fiscal 2001, sales from Spartan family FPGAs increased
 nearly 160% compared to fiscal 2000.
 
     First Quarter Fiscal Year 2002 Business Updates
     First quarter business updates will be posted to the Xilinx Investor
 Relations web site at:  http://www.investor.xilinx.com after the market closes
 on Monday, May 7, and Monday, June 4, 2001.  Financial guidance to the
 investment community will be limited to the points mentioned in the business
 update document.  Please sign up for a push email alert, which is available
 from our investor relations web site.
 
     About Xilinx
     Xilinx is the leading supplier of complete programmable logic solutions,
 including advanced integrated circuits, software design tools, predefined
 system functions delivered as cores, and unparalleled field engineering
 support.  Founded in 1984 and headquartered in San Jose, Calif., Xilinx
 invented the field programmable gate array (FPGA) and fulfills more than half
 of the world demand for these devices today.  Xilinx solutions enable
 customers to reduce significantly the time required to develop products for
 the computer, peripheral, telecommunications, networking, industrial control,
 instrumentation, aerospace, defense, and consumer markets.  For more
 information, visit the Xilinx web site at http://www.xilinx.com .
 
     * This is a forward-looking statement that includes risks and
 uncertainties including the general health of global economies, as well as the
 health of our two primary end markets:  communications and storage/servers,
 end customer demand, dependency on turns bookings and the customer acceptance
 of our advanced products.
 
                                    XILINX, INC.
 
                                     PRO FORMA
 
     CONDENSED CONSOLIDATED STATEMENTS OF INCOME
     (Thousands except per share amounts)
 
                                 (Unaudited)                (Unaudited)
                              Three months ended        Twelve months ended
 
                          Mar. 31,  Apr. 1,  Dec. 30,   Mar. 31,    Apr. 1,
                           2001      2000     2000       2001        2000
 
     Net revenues        $407,020  $306,569  $450,103  $1,659,358  $1,020,993
 
     Cost of revenues     194,949   114,499   179,199     679,402     384,038
     Research and
      development          57,696    36,640    56,408     208,730     123,584
     Sales, general and
      administrative       69,098    55,228    71,082     274,093     186,619
     Write-off of in-
      process technology       --        --        --          --       4,560
 
     Operating income      85,277   100,202   143,414     497,133     322,192
     Interest and other
      income, net           5,915     8,099     8,436      34,634      27,352
 
     Income before
      provision for taxes
      on income and
      equity in joint
      venture              91,192   108,301   151,850     531,767     349,544
 
     Provision for taxes
      on income            25,534    31,407    42,517     148,895     101,368
 
     Income (Loss) before
      equity in joint
      venture              65,658    76,894   109,333     382,872     248,176
 
     Equity in net income
      of joint venture         --     1,374        --          --       6,184
 
     Net income (loss)    $65,658   $78,268  $109,333    $382,872    $254,360
 
     Basic net income
      (loss) per share      $0.20     $0.24     $0.33       $1.17       $0.80
     Diluted net income
      (loss) per share      $0.19     $0.22     $0.31       $1.08       $0.74
 
     Common and
      equivalent shares
      used in computing
      net income (loss)
      per share amounts:
       Basic              330,682   323,397   329,643     328,196     316,724
       Diluted            351,986   351,461   353,424     353,345     343,479
 
                                  XILINX, INC.
 
     CONDENSED CONSOLIDATED STATEMENTS OF INCOME
     (Thousands except per share amounts)
 
                                   (Unaudited)                (Audited)
                               Three months ended         Twelve months ended
 
                            Mar. 31,  Apr. 1, Dec. 30,   Mar. 31,     Apr. 1,
                             2001      2000     2000       2001        2000
 
     Net revenues          $407,020  $306,569 $450,103  $1,659,358 $1,020,993
 
     Cost of revenues       194,949   114,499  179,199    679,402     384,038
     Research and
      development            57,696    36,640   56,408    208,730     123,584
     Sales, general and
      administrative         69,098    55,228   71,082    274,093     186,619
     Write-off of in-process
      technology                 --        --   90,700     90,700       4,560
     Amortization of
      acquisition related
      items including
      intangibles and non-
      cash deferred stock
      compensation           12,806        --    9,574     22,380          --
 
     Operating income        72,471   100,202   43,140    384,053     322,192
     Capital gain/(loss)
      from UMC investment (362,124)   674,728        0  (362,124)     674,728
     Interest and other
      income, net            10,455     8,099    8,436     39,174      27,352
 
     Income before provision
      for taxes on income
      and equity in joint
      venture             (279,198)   783,029   51,576     61,103   1,024,272
     Provision for taxes
      on income (loss)    (117,081)   308,046   62,083     25,845     378,006
 
     Income (Loss) before
      equity in joint
      venture             (162,117)   474,983 (10,507)     35,258     646,266
     Equity in net income
      of joint venture           --     1,374       --         --       6,184
 
     Net income (loss)   $(162,117)  $476,357 $(10,507)   $35,258    $652,450
 
     Basic net income
      (loss) per share      $(0.49)     $1.47  $(0.03)      $0.11       $2.06
     Diluted net income
      (loss) per share      $(0.49)     $1.36  $(0.03)      $0.10       $1.90
 
     Common and equivalent
      shares used in
      computing net income
      (loss) per share
      amounts:
       Basic                330,682   323,397  329,643    328,196     316,724
       Diluted              330,682   351,461  329,643    353,345     343,479
 
                                   XILINX, INC.
 
     CONDENSED CONSOLIDATED BALANCE SHEETS  (Thousands)
                                                  Mar. 31,            Apr. 1,
                                                    2001               2000
                                                  (Audited)          (Audited)
 
     Current assets
     Cash, cash equivalents and short term
      investments                                  $370,784          $607,750
     Accounts receivable, net                       172,768           135,048
     Inventories                                    342,453           131,307
     Advances for wafer purchases                        --            22,485
     Deferred income taxes and other
      current assets                                215,874           144,335
 
     Total current assets                         1,101,879         1,040,925
 
     Property, plant and equipment, net             417,176           240,374
     Long-term investments                          288,972           185,073
     Investment in UMC                              430,894           838,923
     Developed technology and other assets          263,275            43,344
 
     Total assets                                $2,502,196        $2,348,639
 
     Current liabilities
     Accounts payable and accrued
      liabilities                                  $219,909          $129,710
     Deferred income on shipments to
      distributors                                  130,501           115,002
 
     Total current liabilities                      350,410           244,712
 
     Deferred tax liabilities                       233,470           327,272
 
     Stockholders' equity
     Common stock and additional paid-in
      capital                                       728,937           490,889
     Retained earnings                            1,257,083         1,259,510
     Treasury stock, at cost                        (70,584)               --
     Accumulated other comprehensive
      income                                          2,880            26,256
 
     Total stockholders' equity                   1,918,316         1,776,655
 
     Total liabilities and stockholders'
      equity                                     $2,502,196        $2,348,639
 
 SOURCE  Xilinx, Inc.