 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED BALANCE SHEETS
(In US$'000)
|
|
|
|
(Unaudited) |
|
|
|
|
|
September 30, |
|
June 30, |
|
|
|
2004 |
|
2004 |
| ASSETS |
|
|
|
|
|
 |
|
|
|
|
|
| Current Assets: |
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
164,830 |
$ |
211,077 |
| Accounts receivable, net |
|
|
125,565 |
|
85,456 |
| Inventory |
|
|
249,151 |
|
183,899 |
| Other assets and prepaids |
|
|
30,907 |
|
27,156 |
|
|
|
|
|
|
| Total current assets |
|
|
570,453 |
|
507,588 |
|
|
|
|
|
|
| Property and equipment, net |
|
|
110,365 |
|
106,198 |
| Investments |
|
|
206,214 |
|
209,291 |
| Other non-current assets |
|
|
113,792 |
|
117,771 |
|
|
|
|
|
|
| Total Assets |
|
$ |
1,000,824 |
$ |
940,848 |
|
|
|
|
|
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
| Current Liabilities: |
|
|
|
|
|
| Accounts payable |
|
$ |
152,654 |
$ |
86,179 |
|
Accrued liabilities |
|
|
93,361 |
|
88,542 |
| Income taxes payable |
|
|
28,551 |
|
28,160 |
|
Current portion of long term obligations and others |
|
|
7,174 |
|
7,205 |
|
|
|
|
|
|
| Total current liabilities |
|
|
281,740 |
|
210,086 |
|
|
|
|
|
|
| Long term obligations |
|
|
34,075 |
|
35,614 |
| Minority interest in subsidiaries |
|
|
4,126 |
|
3,651 |
| Shareholders' equity: |
|
|
680,883 |
|
691,497 |
|
|
|
|
|
|
| Total Liabilities and Shareholders' Equity |
|
$ |
1,000,824 |
$ |
940,848 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In US$'000, except per share data)
(Unaudited)
|
|
|
|
Three months ended |
|
|
|
September 30, |
|
|
|
2004 |
|
2003 |
|
|
|
|
|
|
| Sales, net |
|
$ |
210,020 |
$ |
160,816 |
|
|
|
|
|
|
| Cost of goods sold |
|
|
144,817 |
|
104,348 |
|
|
|
|
|
|
| Gross profit |
|
|
65,203 |
|
56,468 |
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
| Selling, general and administrative |
|
|
40,068 |
|
37,317 |
|
|
|
|
|
|
| Research and development |
|
|
19,718 |
|
14,838 |
|
|
|
|
|
|
| Total operating expenses |
|
|
59,786 |
|
52,155 |
|
|
|
|
|
|
|
| Operating income |
|
|
5,417 |
|
4,313 |
|
|
|
|
|
|
| (Loss) gain from investments, net |
|
|
(1,204) |
|
23,570 |
|
|
|
|
|
|
| Interest income and other, net |
|
|
1,268 |
|
1,714 |
|
|
|
|
|
|
| Income before income taxes and minority interest |
|
|
5,481 |
|
29,597 |
|
|
|
|
|
|
| Provision for income taxes |
|
|
(535) |
|
(517) |
|
|
|
|
|
|
| Minority interest in loss (income) |
|
|
(170) |
|
5 |
|
|
|
|
|
|
| Net income |
|
$ |
4,776 |
$ |
29,085 |
|
|
|
|
|
|
| Basic earnings per share: |
|
$ |
0.06 |
$ |
0.36 |
|
|
|
|
|
|
| Weighted average ordinary shares outstanding ('000) |
|
|
81,443 |
|
79,902 |
|
|
|
|
|
|
| Diluted earnings per share: |
|
$ |
0.06 |
$ |
0.35 |
|
|
|
|
|
|
Weighted average ordinary shares
and equivalents outstanding ('000) |
|
|
84,237 |
|
82,638 |
|
|
|
|
|
| |
|
