 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED BALANCE SHEETS
(In US$'000)
|
|
|
|
(Unaudited) |
|
|
|
|
|
June 30, |
|
June 30, |
|
|
|
2006 |
|
2005 |
| ASSETS |
|
|
|
|
|
 |
|
|
|
|
|
| Current Assets: |
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
213,995 |
$ |
187,246 |
| Accounts receivable, net |
|
|
133,002 |
|
163,184 |
| Inventory |
|
|
234,942 |
|
395,886 |
| Other assets and prepaids |
|
|
53,248 |
|
43,144 |
|
|
|
|
|
|
| Total current assets |
|
|
635,187 |
|
789,460 |
|
|
|
|
|
|
| Property and equipment, net |
|
|
109,174 |
|
117,187 |
| Investments |
|
|
74,581 |
|
125,914 |
| Other non-current assets |
|
|
11,671 |
|
44,913 |
|
|
|
|
|
|
| Total Assets |
|
$ |
830,613 |
$ |
1,077,474 |
|
|
|
|
|
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
| Current Liabilities: |
|
|
|
|
|
| Accounts payable |
|
$ |
104,923 |
$ |
151,070 |
|
Accrued liabilities |
|
|
100,690 |
|
103,768 |
| Income taxes payable |
|
|
18,930 |
|
20,712 |
|
Current portion of long term obligations and others |
|
|
4,737 |
|
7,383 |
|
|
|
|
|
|
| Total current liabilities |
|
|
229,280 |
|
282,933 |
|
|
|
|
|
|
| Long term obligations |
|
|
206,593 |
|
209,455 |
| Minority interest in subsidiaries |
|
|
1,587 |
|
3,954 |
| Shareholders' equity |
|
|
393,153 |
|
581,132 |
|
|
|
|
|
|
| Total Liabilities and Shareholders' Equity |
|
$ |
830,613 |
$ |
1,077,474 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In US$'000, except per share data)
(Unaudited)
|
|
|
|
Three months ended |
|
Twelve months ended |
|
|
|
June 30, |
|
June 30, |
|
|
|
2006 |
|
2005 |
|
2006 |
|
2005 |
|
|
|
|
|
|
|
|
|
|
| Sales, net |
|
$ |
230,875 |
$ |
305,409 |
$ |
1,127,531 |
$ |
1,224,411 |
|
|
|
|
|
|
|
|
|
|
| Cost of goods sold |
|
|
198,371 |
|
274,417 |
|
963,217 |
|
949,151 |
|
|
|
|
|
|
|
|
|
|
| Gross profit |
|
|
32,504 |
|
30,992 |
|
164,314 |
|
275,260 |
|
|
|
|
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Selling, general and administrative |
|
|
42,753 |
|
48,051 |
|
195,197 |
|
196,258 |
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
15,682 |
|
20,300 |
|
77,186 |
|
82,325 |
|
|
|
|
|
|
|
|
|
|
| Other charges |
|
|
-- |
|
-- |
|
37,351 |
|
65,225 |
|
|
|
|
|
|
|
|
|
|
| Total operating expenses |
|
|
58,435 |
|
68,351 |
|
309,734 |
|
343,808 |
|
|
|
|
|
|
|
|
|
|
| Operating loss |
|
|
(25,931) |
|
(37,359) |
|
(145,420) |
|
(68,548) |
|
|
|
|
|
|
|
|
|
|
| (Loss) gain from investments, net |
|
|
(34) |
|
9,304 |
|
18,904 |
|
74,405 |
|
|
|
|
|
|
|
|
|
|
| Interest income |
|
|
2,000 |
|
967 |
|
6,241 |
|
3,571 |
|
|
|
|
|
|
|
|
|
|
| Interest Expense |
|
|
(2,701) |
|
(1,792) |
|
(9,411) |
|
(3,674) |
|
|
|
|
|
|
|
|
|
|
| Others |
|
|
6,072 |
|
(4,796) |
|
3,572 |
|
(4,260) |
|
|
|
|
|
|
|
|
|
|
| (Loss) income before income taxes and minority interest |
|
|
(20,594) |
|
(33,676) |
|
(126,114) |
|
1,494 |
|
|
|
|
|
|
|
|
|
|
| Provision for income taxes |
|
|
7,632 |
|
1,855 |
|
7,150 |
|
(969) |
|
|
|
|
|
|
|
|
|
|
| Minority interest in loss (income) |
|
|
230 |
|
(123) |
|
805 |
|
63 |
|
|
|
|
|
|
|
|
|
|
| Net (loss) income |
|
$ |
(12,732) |
$ |
(31,944) |
$ |
(118,159) |
$ |
588 |
|
|
|
|
|
|
|
|
|
|
| Basic (loss) earnings per share: |
|
$ |
(0.15) |
$ |
(0.38) |
$ |
(1.42) |
$ |
0.01 |
|
|
|
|
|
|
|
|
|
|
| Weighted average ordinary shares outstanding ('000) |
|
|
83,179 |
|
83,576 |
|
83,093 |
|
82,661 |
|
|
|
|
|
|
|
|
|
|
| Diluted (loss) earnings per share: |
|
$ |
(0.15) |
$ |
(0.38) |
$ |
(1.42) |
$ |
0.01 |
|
|
|
|
|
|
|
|
|
|
Weighted average ordinary shares
and equivalents outstanding ('000) |
|
|
83,179 |
|
83,576 |
|
83,093 |
|
85,333 |
|
|
|
|
|
|
|
|
|
|
|
CREATIVE TECHNOLOGY LTD.
SUPPLEMENTAL FINANCIAL INFORMATION
|
|
Three months ended |
|
June 30,
2006 |
March 31,
2006 |
June 30,
2005 |
Revenue by geographical region : |
|
| Americas |
46% |
41% |
41% |
| Europe |
37% |
38% |
39% |
| Asia and rest of the world |
17% |
21% |
20% |
|
Revenue by product category : |
|
| Personal Digital Entertainment |
65% |
60% |
68% |
| Audio |
13% |
13% |
11% |
| Speakers |
13% |
17% |
13% |
| Others |
9% |
10% |
8% | |
|
