 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED BALANCE SHEETS
(In US$'000)
|
|
|
|
(Unaudited) |
|
|
|
|
|
September 30, |
|
June 30, |
|
|
|
2003 |
|
2003 |
| ASSETS |
|
|
|
|
|
 |
|
|
|
|
|
| Current Assets: |
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
210,113 |
$ |
232,053 |
| Accounts receivable, net |
|
|
85,609 |
|
61,225 |
| Inventory |
|
|
115,674 |
|
80,367 |
| Other assets and prepaids |
|
|
13,007 |
|
11,269 |
|
|
|
|
|
|
| Total current assets |
|
|
424,403 |
|
384,914 |
|
|
|
|
|
|
| Property and equipment, net |
|
|
103,242 |
|
104,404 |
| Investments |
|
|
67,808 |
|
49,168 |
| Other non-current assets |
|
|
132,904 |
|
108,357 |
|
|
|
|
|
|
| Total Assets |
|
$ |
728,357 |
$ |
646,843 |
|
|
|
|
|
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
| Current Liabilities: |
|
|
|
|
|
| Accounts payable |
|
$ |
88,649 |
$ |
52,869 |
|
Accrued liabilities |
|
|
83,697 |
|
79,573 |
| Income taxes payable |
|
|
38,201 |
|
37,564 |
|
Current portion of long term obligations and others |
|
|
5,495 |
|
5,519 |
|
|
|
|
|
|
| Total current liabilities |
|
|
216,042 |
|
175,525 |
|
|
|
|
|
|
| Long term obligations |
|
|
38,667 |
|
39,027 |
| Minority interest in subsidiaries |
|
|
3,449 |
|
3,454 |
| Shareholders' equity: |
|
|
470,199 |
|
428,837 |
|
|
|
|
|
|
| Total Liabilities and Shareholders' Equity |
|
$ |
728,357 |
$ |
646,843 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In US$'000, except per share data)
(Unaudited)
|
|
|
|
Three months ended |
|
|
|
September 30, |
|
|
|
2003 |
|
2002 |
|
|
|
|
|
|
| Sales, net |
|
$ |
160,816 |
$ |
160,623 |
|
|
|
|
|
|
| Cost of goods sold |
|
|
104,348 |
|
102,630 |
|
|
|
|
|
|
| Gross profit |
|
|
56,468 |
|
57,993 |
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
| Selling, general and administrative |
|
|
37,317 |
|
42,155 |
|
|
|
|
|
|
| Research and development |
|
|
14,838 |
|
15,267 |
|
|
|
|
|
|
| Total operating expenses |
|
|
52,155 |
|
57,422 |
|
|
|
|
|
|
| Operating income |
|
|
4,313 |
|
571 |
|
|
|
|
|
|
| Gain (loss) from investments, net |
|
|
23,570 |
|
(6,316) |
|
|
|
|
|
|
| Interest income and other, net |
|
|
1,714 |
|
807 |
|
|
|
|
|
|
| Income (loss) before income taxes and minority interest |
|
|
29,597 |
|
(4,938) |
|
|
|
|
|
|
| Provision for income taxes |
|
|
(517) |
|
(57) |
|
|
|
|
|
|
| Minority interest in loss |
|
|
5 |
|
18 |
|
|
|
|
|
|
| Net income (loss) |
|
$ |
29,085 |
$ |
(4,977) |
|
|
|
|
|
|
| Basic earnings (loss) per share: |
|
$ |
0.36 |
$ |
(0.06) |
|
|
|
|
|
|
| Weighted average ordinary shares outstanding ('000) |
|
|
79,902 |
|
78,877 |
|
|
|
|
|
|
| Diluted earnings (loss) per share: |
|
$ |
0.35 |
$ |
(0.06) |
|
|
|
|
|
|
Weighted average ordinary shares **
and equivalents outstanding ('000) |
|
|
82,638 |
|
78,877 |
|
|
|
|
|
| |
|