 |
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED BALANCE SHEETS ( In US$' 000)
|
|
(Unaudited) |
|
|
|
|
|
March 31,
2006 |
|
|
June 30,
2005 |
| ASSETS |
 |
|
|
| Current Assets: |
| Cash and cash equivalents |
$ |
224,373 |
|
$ |
187,246 |
| Accounts receivable, net |
|
132,486 |
|
|
163,184 |
| Inventory |
|
276,010 |
|
|
395,886 |
| Other assets and prepaids |
38,778 |
|
43,144 |
|
| Total current assets |
|
671,647 |
|
|
789,460 |
|
|
|
|
|
|
| Property and equipment, net |
|
111,509 |
|
|
117,187 |
| Investments |
|
89,849 |
|
|
125,914 |
| Other non-current assets |
13,428 |
|
44,913 |
| Total Assets |
$ |
886,433 |
|
$ |
1,077,474 |
|
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
| Current Liabilities: |
| Accounts payable |
$ |
115,668 |
|
$ |
151,070 |
| Accrued liabilities |
|
119,986 |
|
|
103,768 |
| Income taxes payable |
|
17,256 |
|
|
20,712 |
| Current portion of long term obligations and others |
5,458 |
|
7,383 |
| Total current liabilities |
|
258,368 |
|
|
282,933 |
| Long term obligations |
|
206,605 |
|
|
209,455 |
| Minority interest in subsidiaries |
|
1,816 |
|
|
3,954 |
| Shareholders' equity |
419,644 |
|
581,132 |
| Total Liabilities and Shareholders' Equity |
$ |
886,433 |
|
$ |
1,077,474 |
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
( In US$' 000, except per share data)
(Unaudited)
|
Three months ended
March 31, |
|
|
Nine months ended
March 31, |
|
|
2006 |
|
|
2005 |
|
|
2006 |
|
|
2005 |
| Sales, net |
$
| 225,657 |
|
$ |
333,840 |
|
$ |
896,656 |
|
$ |
919,002 |
| Cost of goods sold |
|
235,799 |
|
|
256,519 |
|
|
764,846 |
|
|
674,734 |
|
|
|
|
|
|
|
|
| Gross (loss) profit |
(10,142) |
|
77,321 |
|
131,810 |
|
244,268 |
|
| Operating expenses: |
|
Selling, general and administrative |
|
51,959 |
|
|
51,208 |
|
|
152,444 |
|
|
148,207 |
|
Research and development |
|
18,843 |
|
|
19,687 |
|
|
61,504 |
|
|
62,025 |
|
Other charges |
|
37,351 |
|
|
-- |
|
|
37,351 |
|
|
65,225 |
|
|
|
|
|
|
|
|
| Total operating expenses |
108,153 |
|
70,895 |
|
251,299 |
|
275,457 |
| Operating (loss) income |
|
(118,295) |
|
|
6,426 |
|
|
(119,489) |
|
|
(31,189) |
| Gain from investments, net |
|
2,030 |
|
|
14,766 |
|
|
18,938 |
|
|
65,101 |
| Interest income |
|
1,847 |
|
|
1,243 |
|
|
4,241 |
|
|
2,604 |
| Interest expense |
|
(2,449) |
|
|
(1,275) |
|
|
(6,710) |
|
|
(1,882) |
| Others |
|
2,488 |
|
|
(5,728) |
|
|
(2,500) |
|
|
536 |
|
|
|
|
|
|
|
|
| (Loss) income before income taxes and minority interest |
|
(114,379) |
|
|
15,432 |
|
|
(105,520) |
|
|
35,170 |
| Provision for income taxes |
|
(229) |
|
|
(53) |
|
|
(482) |
|
|
(2,824) |
| Minority interest in loss |
|
279 |
|
|
534 |
|
|
575 |
|
|
186 |
|
|
|
|
|
|
|
|
| Net (loss) income |
$ |
(114,329) |
|
$ |
15,913 |
|
$ |
(105,427) |
|
$ |
32,532 |
| Basic (loss) earnings per share: |
$
| (1.38) |
|
$ |
0.19 |
|
$ |
(1.27) |
|
$ |
0.40 |
| Weighted average ordinary shares outstanding ('000) |
|
82,895 |
|
|
83,307 |
|
|
83,064 |
|
|
82,357 |
| Diluted (loss) earnings per share: |
$ |
(1.38) |
|
$ |
0.18 |
|
$ |
(1.27) |
|
$ |
0.38 |
Weighted average ordinary shares
and equivalents outstanding ('000) |
|
82,895 |
|
|
86,274 |
|
|
83,064 |
|
|
85,480 |
CREATIVE TECHNOLOGY LTD.
SUPPLEMENTAL FINANCIAL INFORMATION
|
Three months ended |
|
Mar 31,
2006 |
Dec 31,
2005
| Mar 31,
2005 |
| Revenue by geographical region : |
| Americas |
41% |
37% |
42% |
| Europe |
38% |
48% |
40% |
|
Asia and rest of the world
|
21% |
15% |
18% |
|
| Revenue by product category : |
| Personal Digital Entertainment |
60% |
67% |
68% |
| Audio |
13% |
13% |
13% |
| Speakers |
17% |
13% |
12% |
| Others |
10% |
7% |
7% | |
|