 |
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED BALANCE SHEETS
( In US$' 000)
|
(Unaudited)
December 31,
2004 |
|
June 30,
2004 |
| ASSETS |
|
| Current Assets: |
| Cash and cash equivalents |
$ |
246,332 |
|
$ |
211,077 |
| Accounts receivable, net |
|
201,503 |
|
|
85,456 |
| Inventory |
|
334,128 |
|
|
183,899 |
| Other assets and prepaids |
|
38,605 |
|
|
27,156 |
|
| Total current assets |
|
820,568 |
|
|
507,588 |
|
| Property and equipment, net |
|
112,503 |
|
|
106,198 |
| Investments |
|
205,859 |
|
|
209,291 |
| Other non-current assets |
|
49,439 |
|
|
117,771 |
|
| Total Assets |
$ |
1,188,369 |
|
$ |
940,848 |
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
| Current Liabilities: |
| Accounts payable |
$ |
233,219 |
|
$ |
86,179 |
| Accrued liabilities |
|
112,637 |
|
|
88,542 |
| Income taxes payable |
|
29,131 |
|
|
28,160 |
| Current portion of long term obligations and others |
|
7,035 |
|
|
7,205 |
|
| Total current liabilities |
|
382,022 |
|
|
210,086 |
|
| Long term obligations |
|
133,108 |
|
|
35,614 |
| Minority interest in subsidiaries |
|
4,304 |
|
|
3,651 |
| Shareholders' equity |
|
668,935 |
|
|
691,497 |
|
| Total Liabilities and Shareholders' Equity |
|
1,188,369 |
|
|
940,848 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
( In US$' 000, except per share data) (Unaudited)
|
Three months ended
December 31, |
|
Six months ended
December 31, |
|
2004 |
|
2003 |
|
2004 |
|
2003 |
|
| Sales, net |
$ |
375,142 |
|
$ |
250,422 |
|
$ |
585,162 |
|
$ |
411,238 |
|
| Cost of goods sold |
|
273,398 |
|
|
161,494 |
|
|
418,215 |
|
|
265,842
|
|
| Gross profit |
|
101,744 |
|
|
88,928 |
|
|
166,947 |
|
|
145,396 |
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
| Selling, general and administrative |
|
56,931 |
|
|
47,108 |
|
|
96,999 |
|
|
84,425 |
|
| Research and development |
|
22,620 |
|
|
16,800 |
|
|
42,338 |
|
|
31,638 |
|
| Impairment of goodwill / intangible assets |
|
65,225 |
|
|
-- |
|
|
65,225 |
|
|
--
|
|
| Total operating expenses |
|
144,776 |
|
|
63,908 |
|
|
204,562 |
|
|
116,063 |
|
| Operating (loss) income |
|
(43,032) |
|
|
25,020 |
|
|
(37,615) |
|
|
29,333 |
|
| Gain from investments, net |
|
51,539 |
|
|
937 |
|
|
50,335 |
|
|
24,507 |
|
| Interest income and other, net |
|
5,750 |
|
|
5,259 |
|
|
7,018 |
|
|
6,973 |
|
| Income before income taxes and minority interest |
|
14,257 |
|
|
31,216 |
|
|
19,738 |
|
|
60,813 |
|
| Provision for income taxes |
|
(2,236) |
|
|
10,433 |
|
|
(2,771) |
|
|
9,916 |
|
| Minority interest in income |
|
(178) |
|
|
(165) |
|
|
(348) |
|
|
(160) |
|
| Net income |
$ |
11,843 |
|
$ |
41,484 |
|
$ |
16,619 |
|
$ |
70,569 |
|
| Basic earnings per share: |
$ |
0.14 |
|
$ |
0.52 |
|
$ |
0.20 |
|
$ |
0.88 |
|
| Weighted average ordinary shares outstanding ('000) |
|
82,320 |
|
|
80,522 |
|
|
81,882 |
|
|
80,212 |
|
| Diluted earnings per share: |
$ |
0.14 |
|
$ |
0.50 |
|
$ |
0.20 |
|
$ |
0.85 |
|
| Weighted average ordinary shares and equivalents outstanding ('000) |
|
85,930 |
|
|
83,683 |
|
|
85,083 |
|
|
83,160 | |
|
