 |
| Listen to Creative's Q1 FY02 Analyst Conference Call:
Creative's Investor Relations Web site: http://www.creative.com/investorLink to Q2 earnings analyst call live on October 23, 2002 at 4:00 p.m. PDT via Creative's Inverstor Relations Web site or call 1-800-774-8574. Replay available from shortly after end of conference call until 10/30/01 via the web site or at 1-800-633-8284, reservation #19845251.
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED BALANCE SHEETS
(In US$'000)
|
|
|
(Unaudited) |
|
|
|
|
|
September 31, |
|
June 30, |
|
|
|
2001 |
|
2001 |
| ASSETS |
|
|
|
|
|
 |
|
|
|
|
|
| Current Assets: |
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
175,173 |
$ |
168,157 |
|
Marketable securities |
|
|
969 |
|
3,581 |
| Accounts receivable, net |
|
|
89,880 |
|
94,445 |
| Inventory |
|
|
131,204 |
|
155,550 |
| Other assets and prepaids |
|
|
20,802 |
|
19,476 |
| Total current assets |
|
|
418,028 |
|
441,209 |
|
|
|
|
|
|
| Property and equipment, net |
|
|
107,859 |
|
110,535 |
| Investments |
|
|
75,388 |
|
118,330 |
| Other non-current assets |
|
|
4,564 |
|
3,906 |
|
|
|
|
|
|
| Total Assets |
|
$ |
605,839 |
$ |
673,980 |
|
|
|
|
|
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
| Current Liabilities: |
|
|
|
|
|
| Accounts payable |
|
$ |
75,831 |
$ |
88,691 |
|
Accrued liabilities |
|
|
82,980 |
|
98,135 |
| Income taxes payable |
|
|
47,8549 |
|
47,601 |
|
Other current liabilities |
|
|
3,708 |
|
3,602 |
| Total current liabilities |
|
|
210,068 |
|
238,029 |
|
|
|
|
|
|
| Long term obligations |
|
|
22,466 |
|
22,560 |
|
|
|
|
|
|
| Minority interest in subsidiaries |
|
|
32,231 |
|
31,505 |
|
|
|
|
|
|
| Total shareholders' equity: |
|
|
341,074 |
|
381,886 |
|
|
|
|
|
|
| Total Liabilities and Shareholders' Equity |
|
$ |
605,839 |
$ |
673,980 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In US$'000, except per share data)
(Unaudited)
|
|
|
|
Three months ended |
|
|
|
September 30, |
|
|
|
2001 |
|
2000 |
|
|
|
|
|
|
| Sales, net |
|
$ |
182,254 |
$ |
304,368 |
|
|
|
|
|
|
| Cost of goods sold |
|
|
124,529 |
|
211,334 |
|
|
|
|
|
|
| Gross profit |
|
|
57,725 |
|
93,034 |
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
| Selling, general and administrative |
|
|
45,239 |
|
58,102 |
|
|
|
|
|
|
| Research and development |
|
|
9,607 |
|
15,096 |
|
|
|
|
|
|
| Total operating expenses |
|
|
54,847 |
|
73,198 |
|
|
|
|
|
|
| Operating income |
|
|
2,878 |
|
19,836 |
|
|
|
|
|
|
| Gain (loss) from investments, net |
|
|
(16,425) |
|
2,351 |
|
|
|
|
|
|
| Interest income and other, net |
|
|
1,424 |
|
(912) |
|
|
|
|
|
|
| Income (loss) before income taxes and minority interest |
|
|
(12,123) |
|
21,275 |
|
|
|
|
|
|
| Provision for income taxes |
|
|
(230) |
|
(3,785) |
|
|
|
|
|
|
| Minority interest in loss |
|
|
(495) |
|
132 |
|
|
|
|
|
|
| Net income (loss) |
|
$ |
(12,848) |
$ |
17,622 |
|
|
|
|
|
|
| Basic earnings (loss) per share: |
|
$ |
(0.17) |
$ |
0.22 |
|
|
|
|
|
|
| Weighted average ordinary shares outstanding ('000) |
|
|
73,854 |
|
79,848 |
|
|
|
|
|
|
| Diluted earnings (loss) per share: |
|
$ |
(0.17) |
$ |
0.21 |
|
|
|
|
|
|
Weighted average ordinary shares **
and equivalents outstanding ('000) |
|
|
73,854 |
|
84,151 |
|
|
|
|
|
| |
|
