 |
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED BALANCE SHEETS
(In US$'000, except per share data)
(Unaudited)
|
|
|
June 30, |
|
June 30, |
|
|
|
2000 |
|
1999 |
| ASSETS |
|
|
|
|
|
 |
|
|
|
|
|
| Current Assets: |
|
|
|
|
|
|
Cash and cash equivalents |
$ |
285,757 |
$ |
318,990 |
|
Marketable securities |
|
21,156 |
|
-- |
|
Accounts receivable, net |
|
98,923 |
|
130,144 |
|
Inventory |
|
230,616 |
|
148,028 |
|
Other assets and prepaids |
|
34,942 |
|
12,709 |
|
Total current assets |
|
671,394 |
|
609,871 |
|
|
|
|
|
|
| Property and equipment, net |
|
|
96,751 |
|
97,961 |
| Investments |
|
|
395,888 |
|
70,305 |
| Other non-current assets |
|
|
12,426 |
|
27,552 |
|
|
$ |
1,176,459 |
$ |
805,689 |
|
|
|
|
|
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
| Current Liabilities: |
|
|
|
|
|
|
Accounts payable |
$ |
183,299 |
$ |
101,666 |
|
Accrued liabilities |
|
83,756 |
|
55,684 |
|
Income taxes payable |
|
48,350 |
|
47,031 |
|
Other current liabilities |
|
4,575 |
|
4,492 |
|
Total current liabilities |
|
319,980 |
|
208,873 |
|
|
|
|
|
|
| Long term obligations |
|
|
27,051 |
|
28,642 |
|
|
|
|
|
|
| Minority interest in subsidiaries |
|
|
30,790 |
|
7,913 |
|
|
|
|
|
|
| Total shareholders' equity: |
|
|
798,638 |
|
560,261 |
|
|
|
|
|
|
|
|
$ |
1,176,459 |
$ |
805,689 |
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In US$'000, except per share data)
(Unaudited)
|
|
|
Three months ended June 30, |
|
Twelve months ended June 30, |
|
|
|
2000 |
|
1999 |
|
2000 |
|
1999 |
|
|
|
|
|
|
|
|
|
|
| Sales, net |
|
$ |
307,715 |
$ |
275,134 |
$ |
1,343,604 |
$ |
1,296,537 |
|
|
|
|
|
|
|
|
|
|
| Cost of goods sold |
|
|
212,739 |
|
213,071 |
|
947,157 |
|
944,499 |
|
|
|
|
|
|
|
|
|
|
| Gross profit |
|
|
94,976 |
|
62,063 |
|
396,447 |
|
352,038 |
|
|
|
|
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative |
|
59,724 |
|
47,966 |
|
253,733 |
|
209,668 |
|
|
|
|
|
|
|
|
|
|
|
Research and development |
|
16,460 |
|
12,873 |
|
60,428 |
|
46,725 |
|
|
|
|
|
|
|
|
|
|
| Total operating expenses |
|
|
76,184 |
|
60,839 |
|
314,161 |
|
256,393 |
|
|
|
|
|
|
|
|
|
|
| Operating income |
|
|
18,792 |
|
1,224 |
|
82,286 |
|
95,645 |
|
|
|
|
|
|
|
|
|
|
|
Gain from investments, net |
|
|
19,211 |
|
12,562 |
|
103,443 |
|
15,048 |
|
|
|
|
|
|
|
|
|
|
| Interest income and other, net |
|
|
1,055 |
|
2,488 |
|
5,287 |
|
14,621 |
|
|
|
|
|
|
|
|
|
|
| Income before income taxes and minority interest |
|
|
39,058 |
|
16,274 |
|
191,016 |
|
125,314 |
|
|
|
|
|
|
|
|
|
|
| Provision for income taxes |
|
|
(2,004) |
|
(1,303) |
|
(9,472) |
|
(9,920) |
|
|
|
|
|
|
|
|
|
|
| Minority interest in income |
|
|
349 |
|
(235) |
|
(532) |
|
(312) |
|
|
|
|
|
|
|
|
|
|
| Net income |
|
$ |
37,403 |
$ |
14,736 |
$ |
181,012 |
$ |
115,082 |
|
|
|
|
|
|
|
|
|
|
| Basic earnings per share: |
|
$ |
0.46 |
$ |
0.17 |
$ |
2.21 |
$ |
1.28 |
|
|
|
|
|
|
|
|
|
|
| Average ordinary shares outstanding ('000) |
|
|
81,367 |
|
85,457 |
|
82,028 |
|
89,818 |
|
|
|
|
|
|
|
|
|
|
| Diluted earnings per share: |
|
$ |
0.43 |
$ |
0.17 |
$ |
2.09 |
$ |
1.25 |
|
|
|
|
|
|
|
|
|
|
| Average ordinary shares and equivalents outstanding ('000) |
|
|
87,605 |
|
88,026 |
|
86,612 |
|
92,241 |
| |