 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED BALANCE SHEETS
(In US$'000)
|
|
|
|
(Unaudited) |
|
|
|
|
|
March 31, |
|
June 30, |
|
|
|
2004 |
|
2003 |
| ASSETS |
|
|
|
|
|
 |
|
|
|
|
|
| Current Assets: |
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
229,939 |
$ |
232,053 |
| Accounts receivable, net |
|
|
77,289 |
|
61,225 |
| Inventory |
|
|
160,532 |
|
80,367 |
| Other assets and prepaids |
|
|
32,348 |
|
11,269 |
|
|
|
|
|
|
| Total current assets |
|
|
500,108 |
|
384,914 |
|
|
|
|
|
|
| Property and equipment, net |
|
|
106,604 |
|
104,404 |
| Investments |
|
|
199,789 |
|
49,168 |
| Other non-current assets |
|
|
116,712 |
|
108,357 |
|
|
|
|
|
|
| Total Assets |
|
$ |
923,213 |
$ |
646,843 |
|
|
|
|
|
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
| Current Liabilities: |
|
|
|
|
|
| Accounts payable |
|
$ |
80,942 |
$ |
52,869 |
|
Accrued liabilities |
|
|
87,749 |
|
79,573 |
| Income taxes payable |
|
|
36,916 |
|
37,564 |
|
Current portion of long term obligations and others |
|
|
6,919 |
|
5,519 |
|
|
|
|
|
|
| Total current liabilities |
|
|
212,526 |
|
175,525 |
|
|
|
|
|
|
| Long term obligations |
|
|
32,554 |
|
39,027 |
| Minority interest in subsidiaries |
|
|
3,561 |
|
3,454 |
| Shareholders' equity: |
|
|
674,572 |
|
428,837 |
|
|
|
|
|
|
| Total Liabilities and Shareholders' Equity |
|
$ |
923,213 |
$ |
646,843 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In US$'000, except per share data)
(Unaudited)
|
|
|
|
Three months ended |
|
Nine months ended |
|
|
|
March 31, |
|
March 31, |
|
|
|
2004 |
|
2003 |
|
2004 |
|
2003 |
|
|
|
|
|
|
|
|
|
|
| Sales, net |
|
$ |
201,835 |
$ |
160,617 |
$ |
613,073 |
$ |
552,180 |
|
|
|
|
|
|
|
|
|
|
| Cost of goods sold |
|
|
132,278 |
|
104,365 |
|
398,120 |
|
356,164 |
|
|
|
|
|
|
|
|
|
|
| Gross profit |
|
|
69,557 |
|
56,252 |
|
214,953 |
|
196,016 |
|
|
|
|
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Selling, general and administrative |
|
|
42,477 |
|
37,379 |
|
126,902 |
|
128,573 |
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
18,926 |
|
14,646 |
|
50,564 |
|
43,192 |
|
|
|
|
|
|
|
|
|
|
| Total operating expenses |
|
|
61,403 |
|
52,025 |
|
177,466 |
|
171,765 |
|
|
|
|
|
|
|
|
|
|
| Operating income |
|
|
8,154 |
|
4,227 |
|
37,487 |
|
24,251 |
|
|
|
|
|
|
|
|
|
|
| Gain (loss) from investments, net |
|
|
48,319 |
|
85 |
|
72,826 |
|
(6,059) |
|
|
|
|
|
|
|
|
|
|
| Interest income and other, net |
|
|
1,515 |
|
886 |
|
8,488 |
|
2,892 |
|
|
|
|
|
|
|
|
|
|
| Income before income taxes and minority interest |
|
|
57,988 |
|
5,198 |
|
118,801 |
|
21,084 |
|
|
|
|
|
|
|
|
|
|
| Provision for income taxes |
|
|
(773) |
|
(423) |
|
9,143 |
|
(2,425) |
|
|
|
|
|
|
|
|
|
|
| Minority interest in loss |
|
|
(168) |
|
73 |
|
(328) |
|
91 |
|
|
|
|
|
|
|
|
|
|
| Net income |
|
$ |
57,047 |
$ |
4,848 |
$ |
127,616 |
$ |
18,750 |
|
|
|
|
|
|
|
|
|
|
| Basic earnings per share: |
|
$ |
0.70 |
$ |
0.06 |
$ |
1.59 |
$ |
0.24 |
|
|
|
|
|
|
|
|
|
|
| Weighted average ordinary shares outstanding ('000) |
|
|
80,955 |
|
79,377 |
|
80,460 |
|
79,093 |
|
|
|
|
|
|
|
|
|
|
| Diluted earnings per share: |
|
$ |
0.68 |
$ |
0.06 |
$ |
1.53 |
$ |
0.23 |
|
|
|
|
|
|
|
|
|
|
Weighted average ordinary shares **
and equivalents outstanding ('000) |
|
|
84,237 |
|
80,557 |
|
83,519 |
|
80,833 |
|
|
|
|
|
|
|
|
|
| |
|
