Xilinx Revenues Up 13% Sequentially; EPS $0.35 Excluding One-Time Charge; Common Shares to Split 2-For-1 - Company Financial Information

Edge: Work-Group Computing Report, Oct 25, 1999

                             XILINX, INC.
             CONDENSED CONSOLIDATED STATEMENTS OF INCOME
           (Thousands except per share amounts) (Unaudited)

                                      Three months ended
                              Oct. 2,       Oct. 3,        Jul. 3,
                                1999          1998           1999

Net revenues                 $ 238,762     $ 156,515      $ 211,403

Cost of revenues                90,205        58,836         79,758
Research and development        29,345        22,560         26,009
Sales, general and
 administrative                 43,902        32,447         39,539
Write-off of in-process
 technology                      4,560          --             --

Operating income                70,750        42,672         66,097
Interest and other
 income, net                     6,320         1,164          5,679

Income before
 provision for taxes
 on income, equity in
 joint venture
 and cumulative effect
 of change in
 accounting principle           77,070        43,836         71,776
Provision for taxes
 on income                      22,350        13,589         20,815

Income before equity
 in joint venture
 and cumulative effect
 of change in
 accounting principle           54,720        30,247         50,961
Equity in net income
 (loss) of joint venture         1,254        (2,381)           654

Income before cumulative
 effect of change in
 accounting principle           55,974        27,866         51,615
Cumulative effect of
 change in accounting
 principle                                      --            --

Net income (loss)            $  55,974     $  27,866      $  51,615
Basic net income
 (loss) per share
  Net income per
   share before
   accounting change,
   as restated                    0.35          0.19           0.33
  Cumulative effect
   of change in
   accounting principle           --            --             --
Basic net income
 (loss) per share            $    0.35     $    0.19      $    0.33

Diluted net income
 (loss) per share
  Net income per
   share before
   accounting change,
   as restated                    0.33          0.19           0.31
  Cumulative effect
   of change in
   accounting principle           --            --             --
Diluted net income
 (loss) per share            $    0.33     $    0.19      $    0.31

Common and equivalent
 shares used in
 computing net income
 per share amounts
  Basic                        158,767       143,823        156,933
  Diluted                      171,503       149,761        168,413

                                  Six months ended
                               Oct. 2,        Oct. 3,
                                1999           1998

Net revenues                 $ 450,165      $ 306,040

Cost of revenues               169,963        115,056
Research and development        55,354         43,363
Sales, general and
 administrative                 83,441         63,881
Write-off of in-process
 technology                      4,560           --

Operating income               136,847         83,740
Interest and other
 income, net                    11,999          1,580

Income before
 provision for taxes
 on income, equity in
 joint venture
 and cumulative effect
 of change in
 accounting principle          148,846         85,320
Provision for taxes
 on income                      43,165         26,449

Income before equity
 in joint venture
 and cumulative effect
 of change in
 accounting principle          105,681         58,871
Equity in net income
 (loss) of joint venture         1,908         (4,994)

Income before cumulative
 effect of change in
 accounting principle          107,589         53,877
Cumulative effect of
 change in accounting
 principle                        --          (26,646)

Net income (loss)            $ 107,589         27,231
Basic net income
 (loss) per share
  Net income per
   share before
   accounting change,
   as restated                    0.68           0.37
  Cumulative effect
   of change in
   accounting principle           --            (0.18)
Basic net income
 (loss) per share            $    0.68      $    0.19

Diluted net income
 (loss) per share
  Net income per
   share before
   accounting change,
   as restated                    0.63           0.36
  Cumulative effect
   of change in
   accounting principle           --            (0.18)
Diluted net income
 (loss) per share            $    0.63      $    0.18

Common and equivalent
 shares used in
 computing net income
 per share amounts
  Basic                        157,850        144,755
  Diluted                      170,110        151,719

                             XILINX, INC.
          CONDENSED CONSOLIDATED BALANCE SHEETS (Thousands)

                                              Oct. 2,      April 3,
                                                1999         1999
                                             (Unaudited)    Audited

Current assets
Cash, cash equivalents and short
 term investments                              428,247    $ 402,472
Accounts receivable, net                        94,809       73,409
Inventories                                     82,909       52,036
Advances for wafer purchases                    55,649       59,450
Deferred income taxes and other
 current assets                                119,853       70,342

Total current assets                           781,467      657,709

Property, plant and equipment, net             145,144      101,705
Long-term investments                          173,517       94,002
Restricted investments                          34,358       34,358
Investment in joint venture                     97,960       91,057
Advances for wafer purchases                     4,600       36,694
Developed technology and other assets           40,598       54,723

Total assets                                $ 1,277,644 $ 1,070,248

Current liabilities
Accounts payable and accrued  liabilities    $ 102,816     $ 81,488
Deferred revenue on shipments to distributors   87,637       85,709

Total current liabilities                      190,453      167,197

Deferred tax liabilities                        22,796       23,733
Put Warrants                                    46,320            -

Stockholders' equity
Common stock and additional paid-in capital    317,627      294,793
Retained earnings                              714,649      607,060
Treasury stock, at cost                             -       (5,112)
Accumulated other comprehensive income        (14,201)     (17,423)

Total stockholders' equity                   1,018,075      879,318

Total liabilities and stockholders' equity  $ 1,277,644 $ 1,070,248