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Xilinx Inc (XLNX) SEC Filing 10-K Annual report for the fiscal year ending Saturday, March 28, 2020

Xilinx Inc

CIK: 743988 Ticker: XLNX


Exhibit 99.1


Investor Relations Contact:
Suresh Bhaskaran
Xilinx, Inc.
(408) 879-4784
ir@xilinx.com

XILINX REPORTS FISCAL FOURTH QUARTER AND FISCAL YEAR 2020 RESULTS
 
SAN JOSE, Calif., Apr. 22, 2020
-- Xilinx, Inc. (Nasdaq: XLNX), the leader in adaptive and intelligent computing, today announced revenues of $3.16 billion for fiscal year 2020, up 3% from the prior fiscal year. Revenues were $756 million for the fourth quarter of fiscal year 2020, up 5% from the prior quarter and down 9% year over year.

GAAP net income for fiscal year 2020 was $793 million, or $3.11 per diluted share. Non-GAAP net income for fiscal year 2020 was $853 million, or $3.35 per diluted share. GAAP net income for the March quarter was $162 million, or $0.65 per diluted share. Non-GAAP net income for the March quarter was $193 million, or $0.78 per diluted share.

The Xilinx Board of Directors declared a quarterly cash dividend of $0.38 per outstanding share of common stock payable on June 3, 2020 to all stockholders of record at the close of business on May 13, 2020. The declared dividend represents a 2.7% increase over the prior quarter’s dividend and reflects Xilinx’s commitment to growing the dividend.

Additional fourth quarter of fiscal year 2020 comparisons are provided in the charts below.

Q4 2020 Financial Highlights
(In millions, except EPS)


 
GAAP
 
 
 
 
 
 
 
 
Q4
Q3
Q4
 
 
 
 
FY2020
FY2020
FY2019
 
Q-T-Q
Y-T-Y
Net revenues*
$756
$723
$828
 
5%
-9%
Operating income
$178
$159
$250
 
12%
-29%
Net income
$162
$162
$245
 
0%
-34%
Diluted earnings per share
$0.65
$0.64
$0.95
 
2%
-32%
 
 
 
 
 
 
 
 
Non-GAAP
 
 
 
 
 
 
 
 
Q4
Q3
Q4
 
 
 
 
FY2020
FY2020
FY2019
 
Q-T-Q
Y-T-Y
Net revenues*
$756
$723
$828
 
5%
-9%
Operating income
$218
$174
$259
 
25%
-16%
Net income
$193
$171
$242
 
13%
-20%
Diluted earnings per share
$0.78
$0.68
$0.94
 
15%
-17%
 
 
* No adjustment between GAAP and Non-GAAP



The following information was filed by Xilinx Inc (XLNX) on Wednesday, April 22, 2020 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Xilinx Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts, Allowances (Details)
Schedule Ii - Valuation And Qualifying Accounts, Supplementary Financial Data Quarterly Data (Details)
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (Parenthetical)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Details)
Accumulated Other Comprehensive Loss (Tables)
Balance Sheet Information
Balance Sheet Information (Tables)
Balance Sheet Information - Other Assets (Details)
Balance Sheet Information - Payables And Accruals (Details)
Business Combination
Business Combination (Details)
Business Combination (Tables)
Business Combination Finite-Lived Intangible Assets Acquired As Part Of Business Combination (Details)
Business Combination Schedule Of Assets Acquired And Liabilities Assumed (Details)
Debt And Credit Facility
Debt And Credit Facility (Details 1)
Debt And Credit Facility (Details 2)
Debt And Credit Facility (Details 3)
Debt And Credit Facility (Details Textual)
Debt And Credit Facility (Details)
Debt And Credit Facility (Tables)
Derivative Financial Instruments
Derivative Financial Instruments (Details 1)
Derivative Financial Instruments (Details 2)
Derivative Financial Instruments (Details Textual)
Derivative Financial Instruments (Details)
Derivative Financial Instruments (Tables)
Employee Benefit Plans
Employee Benefit Plans (Details)
Fair Value Measurements
Fair Value Measurements (Details Textual)
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Financial Instruments
Financial Instruments (Details 1)
Financial Instruments (Details 2)
Financial Instruments (Details 3)
Financial Instruments (Details)
Financial Instruments (Tables)
Goodwill And Acquisition-Related Intangibles
Goodwill And Acquisition-Related Intangibles (Details 1)
Goodwill And Acquisition-Related Intangibles (Details 2)
Goodwill And Acquisition-Related Intangibles (Details)
Goodwill And Acquisition-Related Intangibles (Tables)
Income Taxes
Income Taxes (Details 1)
Income Taxes (Details 2)
Income Taxes (Details 3)
Income Taxes (Details 4)
Income Taxes (Details Textual)
Income Taxes (Details)
Income Taxes (Tables)
Income Taxes Excess Tax Benefits, Share-Based Compensation (Details)
Income Taxes Income Tax Holiday Statutory Rate Narrative (Details)
Income Taxes Tax Credit Carryforward Narrative (Details)
Income Taxes Tax Operating Loss Carryforward Narrative (Details)
Interest And Other Expense, Net
Interest And Other Expense, Net (Details)
Interest And Other Expense, Net (Tables)
Leases And Commitments
Leases And Commitments (Tables)
Leases And Commitments - Additional Information (Details)
Leases And Commitments - Components Of Lease Cost (Details)
Leases And Commitments - Lease Assets And Liabilities (Details)
Leases And Commitments - Other Information (Details)
Leases And Commitments - Schedule Of Future Lease Payments, Prior To Adoption Of 842 (Details)
Leases And Commitments - Schedule Of Maturity Of Lease Liability (Details)
Litigation Settlements And Contingencies
Litigation Settlements And Contingencies (Details)
Nature Of Operations
Nature Of Operations (Details)
Net Income Per Common Share
Net Income Per Common Share (Details)
Net Income Per Common Share (Tables)
Net Income Per Common Share Net Income Per Common Share (Details Textual)
Restructuring Charges And Executive Transition Costs
Restructuring Charges And Executive Transition Costs (Details 2)
Restructuring Charges And Executive Transition Costs (Details)
Restructuring Charges And Executive Transition Costs (Tables)
Segment Information
Segment Information (Details)
Segment Information (Tables)
Stock-Based Compensation Plans
Stock-Based Compensation Plans (Details 1)
Stock-Based Compensation Plans (Details 2)
Stock-Based Compensation Plans (Details 3)
Stock-Based Compensation Plans (Details Textual)
Stock-Based Compensation Plans (Details)
Stock-Based Compensation Plans (Tables)
Stockholders' Equity
Stockholders' Equity (Details)
Subsequent Event
Subsequent Event (Details)
Summary Of Significant Accounting Policies And Concentrations Of Risk
Summary Of Significant Accounting Policies And Concentrations Of Risk (Concentrations) (Details)
Summary Of Significant Accounting Policies And Concentrations Of Risk (Inventory) (Details)
Summary Of Significant Accounting Policies And Concentrations Of Risk (Investments) (Details)
Summary Of Significant Accounting Policies And Concentrations Of Risk (New Accounting Policies) (Details)
Summary Of Significant Accounting Policies And Concentrations Of Risk (Other) (Details)
Summary Of Significant Accounting Policies And Concentrations Of Risk (Policies)
Summary Of Significant Accounting Policies And Concentrations Of Risk (Ppe) (Details)
Summary Of Significant Accounting Policies And Concentrations Of Risk (Tables)
Ticker: XLNX
CIK: 743988
Form Type: 10-K Annual Report
Accession Number: 0000743988-20-000020
Submitted to the SEC: Fri May 08 2020 4:11:06 PM EST
Accepted by the SEC: Fri May 08 2020
Period: Saturday, March 28, 2020
Industry: Semiconductors And Related Devices

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