 |
| Listen to Creative's Q1 FY01 Analyst Conference Call:
Creative's Investor Relations Web site: http://www.creative.com/investor
Link to Q1 earnings analyst call live at 2:00 p.m. PDT 10/24/00
Replay available shortly after end of conference call 10/24/00
Conference call replay number 1-800-633-8284 or 1-858-812-6440, reservation #16579936
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED BALANCE SHEETS
(In US$'000)
|
|
|
(Unaudited) |
|
|
|
|
|
September 31, |
|
June 30, |
|
|
|
2000 |
|
2000 |
| ASSETS |
|
|
|
|
|
 |
|
|
|
|
|
| Current Assets: |
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
211,620 |
$ |
285,757 |
|
Marketable securities |
|
|
-- |
|
21,156 |
| Accounts receivable, net |
|
|
125,095 |
|
98,923 |
| Inventory |
|
|
309,920 |
|
230,616 |
| Other assets and prepaids |
|
|
26,496 |
|
34,942 |
| Total current assets |
|
|
673,131 |
|
671,394 |
|
|
|
|
|
|
| Property and equipment, net |
|
|
97,953 |
|
96,751 |
| Investments |
|
|
409,530 |
|
395,888 |
| Other non-current assets |
|
|
11,493 |
|
12,426/P> |
|
|
|
|
|
|
| Total Assets |
|
$ |
1,192,107 |
$ |
1,176,459 |
|
|
|
|
|
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
| Current Liabilities: |
|
|
|
|
|
| Accounts payable |
|
$ |
277,808 |
$ |
183,299 |
|
Accrued liabilities |
|
|
114,256 |
|
103,756 |
| Income taxes payable |
|
|
48,924 |
|
48,350 |
|
Other current liabilities |
|
|
3,598 |
|
4,575 |
| Total current liabilities |
|
|
394,586 |
|
339,980 |
|
|
|
|
|
|
| Long term obligations |
|
|
27,711 |
|
27,051 |
|
|
|
|
|
|
| Minority interest in subsidiaries |
|
|
30,604 |
|
30,790 |
|
|
|
|
|
|
| Total shareholders' equity: |
|
|
739,206 |
|
778,638 |
|
|
|
|
|
|
| Total Liabilities and Shareholders' Equity |
|
$ |
1,192,107 |
$ |
1,176,459 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In US$'000, except per share data)
(Unaudited)
|
|
|
|
Three months ended |
|
|
|
September 30, |
|
|
|
2000 |
|
1999 |
|
|
|
|
|
|
| Sales, net |
|
$ |
304,368 |
$ |
269,078 |
|
|
|
|
|
|
| Cost of goods sold |
|
|
211,334 |
|
199,062 |
|
|
|
|
|
|
| Gross profit |
|
|
93,034 |
|
70,016 |
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
| Selling, general and administrative |
|
|
58,102 |
|
53,502 |
|
|
|
|
|
|
| Research and development |
|
|
15,096 |
|
12,713 |
|
|
|
|
|
|
| Total operating expenses |
|
|
73,198 |
|
66,215 |
|
|
|
|
|
|
| Operating income |
|
|
19,836 |
|
17,764 |
|
|
|
|
|
|
| Gain (loss) from investments, net |
|
|
2,351 |
|
4,365 |
|
|
|
|
|
|
| Interest income and other, net |
|
|
(912) |
|
3,856 |
|
|
|
|
|
|
| Income (loss) before income taxes and minority interest |
|
|
21,275 |
|
12,022 |
|
|
|
|
|
|
| Provision for income taxes |
|
|
(3,785) |
|
(1202) |
|
|
|
|
|
|
| Minority interest in loss |
|
|
132 |
|
(10) |
|
|
|
|
|
|
| Net income (loss) |
|
$ |
17,622 |
$ |
10,810 |
|
|
|
|
|
|
| Basic earnings (loss) per share: |
|
$ |
0.22 |
$ |
0.13 |
|
|
|
|
|
|
| Weighted average ordinary shares outstanding ('000) |
|
|
79,848 |
|
83,410 |
|
|
|
|
|
|
| Diluted earnings (loss) per share: |
|
$ |
0.21 |
$ |
0.13 |
|
|
|
|
|
|
Weighted average ordinary shares **
and equivalents outstanding ('000) |
|
|
84,151 |
|
84,855 |
|
|
|
|
|
| |
|
