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Altera Corp (768251) SEC Filing 10-Q Quarterly report for the period ending Friday, June 26, 2015

Altera Corp

CIK: 768251










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ALTERA ANNOUNCES SECOND QUARTER RESULTS


San Jose, Calif., July 23, 2015 — Altera Corporation (NASDAQ: ALTR) today announced second quarter sales of $414.2 million, down 5 percent from the first quarter of 2015 and down 16 percent from the second quarter of 2014. Second quarter net income was $70.3 million, $0.23 per diluted share, compared with net income of $94.9 million, $0.31 per diluted share, in the first quarter of 2015 and $127.0 million, $0.41 per diluted share, in the second quarter of 2014.

Year-to-date cash flow from operating activities was $225.9 million. Altera's board of directors has declared a quarterly cash dividend of $0.18 per share, to be paid on September 1, 2015 to shareholders of record on August 10, 2015.

"Our wireless customers reduced demand on us this quarter, as expected, in reaction to continuing adverse market conditions. This pause in wireless spend more than offset growth across many of our vertical markets," said John Daane, president, chief executive officer, and chairman of the board. "The most important news for the second quarter was the June 1st announcement of an agreement for Intel to acquire Altera. Over the past several years we have worked closely with Intel, the world's largest semiconductor company and a proven technology leader. Through that interaction, we understand well the benefits this transaction will bring to our customers through development of innovative market-leading FPGAs and SoCs that will be enabled by Intel and Altera joining forces."


 



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The following information was filed by Altera Corp on Thursday, July 23, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets (unaudited)
Consolidated Balance Sheets (unaudited) (parenthetical)
Consolidated Statements Of Cash Flows (unaudited)
Consolidated Statements Of Comprehensive Income (unaudited)
Consolidated Statements Of Comprehensive Income (unaudited) (parenthetical)
Accounts Receivable, Net And Significant Customers
Accounts Receivable, Net And Significant Customers (accounts Receivables) (details)
Accounts Receivable, Net And Significant Customers (significant Customers) (details)
Accounts Receivable, Net And Significant Customers (tables)
Accumulated Other Comprehensive (loss)/income
Accumulated Other Comprehensive (loss)/income (details)
Acquisition-related Intangible Assets, Net
Acquisition-related Intangible Assets, Net (annual Amortization Expense) (details)
Acquisition-related Intangible Assets, Net (details)
Acquisition-related Intangible Assets, Net (tables)
Commitments And Contingencies
Commitments And Contingencies (details)
Credit Facility And Long-term Debt
Credit Facility And Long-term Debt (credit Facility) (details)
Credit Facility And Long-term Debt (debt Instruments) (details)
Credit Facility And Long-term Debt (interest Expense) (details)
Credit Facility And Long-term Debt (maturities Of Principal Payments) (details)
Credit Facility And Long-term Debt (tables)
Declaration Of Dividend Subsequent To June 26, 2015
Declaration Of Dividend Subsequent To June 26, 2015 (details)
Deferred Income And Allowances On Sales To Distributors
Deferred Income And Allowances On Sales To Distributors (details)
Deferred Income And Allowances On Sales To Distributors (tables)
Financial Instruments
Financial Instruments (details 1)
Financial Instruments (details 2)
Financial Instruments (details 3)
Financial Instruments (details 4)
Financial Instruments (tables)
Income Taxes
Income Taxes (details)
Inventories
Inventories (details)
Inventories (tables)
Net Income Per Share
Net Income Per Share (details)
Net Income Per Share (tables)
Non-qualified Deferred Compensation Plan
Non-qualified Deferred Compensation Plan (details)
Non-qualified Deferred Compensation Plan (tables)
Organization And Basis Of Presentation
Organization And Basis Of Presentation (details)
Recent Accounting Pronouncements
Stock-based Compensation
Stock-based Compensation (details)
Stock-based Compensation (employee Stock Purchase Plan) (details)
Stock-based Compensation (expense Included In The Consolidated Statements Of Comprehensive Income) (details)
Stock-based Compensation (tables)
Stock-based Compensation (valuation Assumptions) (details)
Stockholders' Equity
Stockholders' Equity (details)
CIK: 768251
Form Type: 10-Q Quarterly Report
Accession Number: 0000768251-15-000033
Submitted to the SEC: Thu Jul 23 2015 4:57:19 PM EST
Accepted by the SEC: Thu Jul 23 2015
Period: Friday, June 26, 2015
Industry: Semiconductors And Related Devices

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