Masthead: National Semiconductor 2004 Annual Report 2004 Annual Report PDF Downloads 2004 Annual Report Home page 2004 Annual Report Home page
Image: Net Sales Chart, 2000 - 2004Image: Gross Profit Chart, 2000-2004Image: Research and Development Expenses Chart, 2000 - 2004
In Millions,
Except Per Share Amounts
and Employee Figures
Years Ended May 30,
2004
May 25,
2003
May 26,
2002
May 27,
2001
May 28,
2000
Operating Results
Net sales $1,983.1 $1,672.5 $1,494.8 $2,112.6 $2,139.9
Net income (loss) $282.8 $(33.3) $ (121.9) $ 245.7 $ 620.8
Earnings (loss) per share:
 Basic $0.78 $(0.09) $(0.34) $0.70 $1.79
 Diluted $0.73 $(0.09) $(0.34) $0.65 $1.62
Weighted-average common
and potential common
shares outstanding:
 Basic 361.0 363.6 355.0 351.8 347.2
 Diluted 388.5 363.6 355.0 376.8 383.4
Research and development $352.8 $435.6 $441.0 $435.6 $386.1
Capital additions $215.3 $154.9 $138.0 $239.5 $168.7
Current ratio 2.70 3.46 2.98 2.70 2.26
Debt-to-equity ratio 1.3% 1.3% 1.5% 3.1% 4.9%
Number of employees
(in thousands)
9.7 9.8 10.1 10.3 10.5

ÿ