 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED BALANCE SHEETS
(In US$'000)
|
|
|
|
(Unaudited) |
|
|
|
|
|
June 30, |
|
June 30, |
|
|
|
2004 |
|
2003 |
| ASSETS |
|
|
|
|
|
 |
|
|
|
|
|
| Current Assets: |
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
211,077 |
$ |
232,053 |
| Accounts receivable, net |
|
|
85,456 |
|
61,225 |
| Inventory |
|
|
183,899 |
|
80,367 |
| Other assets and prepaids |
|
|
27,156 |
|
11,269 |
|
|
|
|
|
|
| Total current assets |
|
|
507,588 |
|
384,914 |
|
|
|
|
|
|
| Property and equipment, net |
|
|
106,198 |
|
104,404 |
| Investments |
|
|
209,291 |
|
49,168 |
| Other non-current assets |
|
|
117,771 |
|
108,357 |
|
|
|
|
|
|
| Total Assets |
|
$ |
940,848 |
$ |
646,843 |
|
|
|
|
|
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
| Current Liabilities: |
|
|
|
|
|
| Accounts payable |
|
$ |
86,179 |
$ |
52,869 |
|
Accrued liabilities |
|
|
88,542 |
|
79,573 |
| Income taxes payable |
|
|
28,160 |
|
37,564 |
|
Current portion of long term obligations and others |
|
|
7,205 |
|
5,519 |
|
|
|
|
|
|
| Total current liabilities |
|
|
210,086 |
|
175,525 |
|
|
|
|
|
|
| Long term obligations |
|
|
35,614 |
|
39,027 |
| Minority interest in subsidiaries |
|
|
3,651 |
|
3,454 |
| Shareholders' equity: |
|
|
691,497 |
|
428,837 |
|
|
|
|
|
|
| Total Liabilities and Shareholders' Equity |
|
$ |
940,848 |
$ |
646,843 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In US$'000, except per share data)
(Unaudited)
|
|
|
|
Three months ended |
|
Twelve months ended |
|
|
|
June 30, |
|
June 30, |
|
|
|
2004 |
|
2003 |
|
2004 |
|
2003 |
|
|
|
|
|
|
|
|
|
|
| Sales, net |
|
$ |
201,780 |
$ |
149,589 |
$ |
814,853 |
$ |
701,769 |
|
|
|
|
|
|
|
|
|
|
| Cost of goods sold |
|
|
135,393 |
|
96,788 |
|
533,513 |
|
452,952 |
|
|
|
|
|
|
|
|
|
|
| Gross profit |
|
|
66,387 |
|
52,801 |
|
281,340 |
|
248,817 |
|
|
|
|
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Selling, general and administrative |
|
|
40,686 |
|
34,266 |
|
167,588 |
|
162,839 |
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
18,940 |
|
15,583 |
|
69,504 |
|
58,775 |
|
|
|
|
|
|
|
|
|
|
| Total operating expenses |
|
|
59,626 |
|
49,849 |
|
237,092 |
|
221,614 |
|
|
|
|
|
|
|
|
|
|
| Operating income |
|
|
6,761 |
|
2,952 |
|
44,248 |
|
27,203 |
|
|
|
|
|
|
|
|
|
|
| (Loss) Gain from investments, net |
|
|
(224) |
|
10 |
|
72,602 |
|
(6,049) |
|
|
|
|
|
|
|
|
|
|
| Interest income and other, net |
|
|
788 |
|
1,972 |
|
9,276 |
|
4,864 |
|
|
|
|
|
|
|
|
|
|
| Income before income taxes and minority interest |
|
|
7,325 |
|
4,934 |
|
126,126 |
|
26,018 |
|
|
|
|
|
|
|
|
|
|
| Provision for income taxes |
|
|
(604) |
|
(295) |
|
8,539 |
|
(2,720) |
|
|
|
|
|
|
|
|
|
|
| Minority interest in (income) loss |
|
|
(90) |
|
(12) |
|
(418) |
|
79 |
|
|
|
|
|
|
|
|
|
|
| Net income |
|
$ |
6,631 |
$ |
4,627 |
$ |
134,247 |
$ |
23,377 |
|
|
|
|
|
|
|
|
|
|
| Basic earnings per share: |
|
$ |
0.08 |
$ |
0.06 |
$ |
1.66 |
$ |
0.30 |
|
|
|
|
|
|
|
|
|
|
| Weighted average ordinary shares outstanding ('000) |
|
|
81,236 |
|
79,527 |
|
80,654 |
|
79,202 |
|
|
|
|
|
|
|
|
|
|
| Diluted earnings per share: |
|
$ |
0.08 |
$ |
0.06 |
$ |
1.61 |
$ |
0.29 |
|
|
|
|
|
|
|
|
|
|
Weighted average ordinary shares
and equivalents outstanding ('000) |
|
|
83,960 |
|
80,906 |
|
83,630 |
|
80,851 |
|
|
|
|
|
|
|
|
|
| |
|
