Press Relations
Press Releases
|
CONSOLIDATED BALANCE SHEETS (In US$'000) | |||||
| (Unaudited) | |||||
| December 31, | June 30, | ||||
| 2005 | 2005 | ||||
| ASSETS | |||||
 |
|||||
| Current Assets: | |||||
| Cash and cash equivalents | $ |
200,390 |
$ |
187,246 | |
| Accounts receivable, net |
204,301 |
163,184 | |||
| Inventory |
301,128 |
395,886 | |||
| Other assets and prepaids |
43,356 |
43,144 | |||
|
|||||
| Total current assets |
749,175 |
789,460 | |||
|
|||||
| Property and equipment, net |
116,133 |
117,187 | |||
| Investments |
98,156 |
125,914 | |||
| Other non-current assets |
46,610 |
44,913 | |||
|
|||||
| Total Assets | $ |
1,010,074 |
$ |
1,077,474 | |
|
|||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||
|
|||||
| Current Liabilities: | |||||
| Accounts payable | $ |
114,018 |
$ |
151,070 | |
|
Accrued liabilities |
122,813 |
103,768 | |||
| Income taxes payable |
18,382 |
20,712 | |||
|
Current portion of long term obligations and others |
6,134 |
7,383 | |||
|
|||||
| Total current liabilities |
261,347 |
282,933 | |||
|
|||||
| Long term obligations |
207,001 |
209,455 | |||
| Minority interest in subsidiaries |
3,659 |
3,954 | |||
| Shareholders' equity |
538,067 |
581,132 | |||
|
|||||
| Total Liabilities and Shareholders' Equity | $ |
1,010,074 |
$ |
1,077,474 | |
|
CONSOLIDATED STATEMENTS OF OPERATIONS (In US$'000, except per share data) (Unaudited) | |||||||||
| Three months ended | Six months ended | ||||||||
| December 31, | December 31, | ||||||||
| 2005 | 2004 | 2005 | 2004 | ||||||
|
|
|
|
|
|
|
|
|
|
| Sales, net | $ |
390,826 |
$ |
375,142 |
$ |
670,999 |
$ |
585,162 | |
|
|||||||||
| Cost of goods sold |
305,440 |
273,398 |
529,047 |
418,215 | |||||
|
|||||||||
| Gross profit |
85,386 |
101,744 |
141,952 |
166,947 | |||||
|
|||||||||
| Operating expenses: | |||||||||
|
|||||||||
| Selling, general and administrative |
55,220 |
56,931 |
100,485 |
96,999 | |||||
|
|||||||||
| Research and development |
22,734 |
22,620 |
42,661 |
42,338 | |||||
|
|||||||||
| Impairment of goodwill / intangible assets |
-- |
65,225 |
-- |
65,225 | |||||
|
|||||||||
| Total operating expenses |
77,954 |
144,776 |
143,146 |
204,562 | |||||
|
|||||||||
| Operating income (loss) |
7,432 |
(43,032) |
(1,194) |
(37,615) | |||||
|
|||||||||
| Gain from investments, net |
6,880 |
51,539 |
16,908 |
50,335 | |||||
|
|||||||||
| Interest income |
1,399 |
651 |
2,394 |
1,361 | |||||
|
|||||||||
| Interest expense |
(2,244) |
(456) |
(4,261) |
(607) | |||||
|
|||||||||
| Others |
(5,140) |
5,555 |
(4,988) |
6,264 | |||||
|
|||||||||
| Income before income taxes and minority interest |
8,327 |
14,257 |
8,859 |
19,738 | |||||
|
|||||||||
| Provision for income taxes |
(115) |
(2,236) |
(253) |
(2,771) | |||||
|
|||||||||
| Minority interest in (income) loss |
(1) |
(178) |
296 |
(348) | |||||
|
|||||||||
| Net income | $ |
8,211 |
$ | 11,843 | $ |
8,902 |
$ | 16,619 | |
|
|||||||||
| Basic earnings per share: | $ |
0.10 |
$ | 0.14 | $ |
0.11 |
$ | 0.20 | |
|
|||||||||
| Weighted average ordinary shares outstanding ('000) | 82,740 | 82,320 | 83,148 | 81,882 | |||||
| Diluted earnings per share: | $ |
0.10 |
$ | 0.14 | $ |
0.11 |
$ | 0.20 | |
|
|||||||||
| Weighted average ordinary shares and equivalents outstanding ('000) |
83,532 |
85,930 |
84,111 |
85,083 | |||||
|
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SUPPLEMENTAL FINANCIAL INFORMATION | |||
| Three months ended | |||
| Dec 31, 2005 |
Sept 30, 2005 |
Dec 31, 2004 |
|
Revenue by geographical region : |
|||
| Americas | 37% | 41% | 42% |
| Europe | 48% | 39% | 39% |
| Asia and rest of the world | 15% | 20% | 19% |
Revenue by product category : |
|||
| Personal Digital Entertainment | 67% | 66% | 64% |
| Audio | 13% | 13% | 13% |
| Speakers | 13% | 13% | 15% |
| Others | 7% | 8% | 8% |