|
CONSOLIDATED BALANCE SHEETS (In US$'000) | |||||
| (Unaudited) | |||||
| June 30, | June 30, | ||||
| 2006 | 2005 | ||||
| ASSETS | |||||
 |
|||||
| Current Assets: | |||||
| Cash and cash equivalents | $ |
213,995 |
$ |
187,246 | |
| Accounts receivable, net |
133,002 |
163,184 | |||
| Inventory |
234,942 |
395,886 | |||
| Other assets and prepaids |
53,248 |
43,144 | |||
|
|||||
| Total current assets |
635,187 |
789,460 | |||
|
|||||
| Property and equipment, net |
109,174 |
117,187 | |||
| Investments |
74,581 |
125,914 | |||
| Other non-current assets |
11,671 |
44,913 | |||
|
|||||
| Total Assets | $ |
830,613 |
$ |
1,077,474 | |
|
|||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||
|
|||||
| Current Liabilities: | |||||
| Accounts payable | $ |
104,923 |
$ |
151,070 | |
|
Accrued liabilities |
100,690 |
103,768 | |||
| Income taxes payable |
18,930 |
20,712 | |||
|
Current portion of long term obligations and others |
4,737 |
7,383 | |||
|
|||||
| Total current liabilities |
229,280 |
282,933 | |||
|
|||||
| Long term obligations |
206,593 |
209,455 | |||
| Minority interest in subsidiaries |
1,587 |
3,954 | |||
| Shareholders' equity |
393,153 |
581,132 | |||
|
|||||
| Total Liabilities and Shareholders' Equity | $ |
830,613 |
$ |
1,077,474 | |
|
CONSOLIDATED STATEMENTS OF OPERATIONS (In US$'000, except per share data) (Unaudited) | |||||||||
| Three months ended | Twelve months ended | ||||||||
| June 30, | June 30, | ||||||||
| 2006 | 2005 | 2006 | 2005 | ||||||
|
|
|
|
|
|
|
|
|
|
| Sales, net | $ |
230,875 |
$ |
305,409 |
$ |
1,127,531 |
$ |
1,224,411 | |
|
|||||||||
| Cost of goods sold |
198,371 |
274,417 |
963,217 |
949,151 | |||||
|
|||||||||
| Gross profit |
32,504 |
30,992 |
164,314 |
275,260 | |||||
|
|||||||||
| Operating expenses: | |||||||||
|
|||||||||
| Selling, general and administrative |
42,753 |
48,051 |
195,197 |
196,258 | |||||
|
|||||||||
| Research and development |
15,682 |
20,300 |
77,186 |
82,325 | |||||
|
|||||||||
| Other charges |
-- |
-- |
37,351 |
65,225 | |||||
|
|||||||||
| Total operating expenses |
58,435 |
68,351 |
309,734 |
343,808 | |||||
|
|||||||||
| Operating loss |
(25,931) |
(37,359) |
(145,420) |
(68,548) | |||||
|
|||||||||
| (Loss) gain from investments, net |
(34) |
9,304 |
18,904 |
74,405 | |||||
|
|||||||||
| Interest income |
2,000 |
967 |
6,241 |
3,571 | |||||
|
|||||||||
| Interest Expense |
(2,701) |
(1,792) |
(9,411) |
(3,674) | |||||
|
|||||||||
| Others |
6,072 |
(4,796) |
3,572 |
(4,260) | |||||
|
|||||||||
| (Loss) income before income taxes and minority interest |
(20,594) |
(33,676) |
(126,114) |
1,494 | |||||
|
|||||||||
| Provision for income taxes |
7,632 |
1,855 |
7,150 |
(969) | |||||
|
|||||||||
| Minority interest in loss (income) |
230 |
(123) |
805 |
63 | |||||
|
|||||||||
| Net (loss) income | $ |
(12,732) |
$ | (31,944) | $ |
(118,159) |
$ | 588 | |
|
|||||||||
| Basic (loss) earnings per share: | $ |
(0.15) |
$ | (0.38) | $ |
(1.42) |
$ | 0.01 | |
|
|||||||||
| Weighted average ordinary shares outstanding ('000) | 83,179 | 83,576 | 83,093 | 82,661 | |||||
| Diluted (loss) earnings per share: | $ |
(0.15) |
$ | (0.38) | $ |
(1.42) |
$ | 0.01 | |
|
|||||||||
| Weighted average ordinary shares and equivalents outstanding ('000) |
83,179 |
83,576 |
83,093 |
85,333 | |||||
|
|||||||||
|
SUPPLEMENTAL FINANCIAL INFORMATION | |||
| Three months ended | |||
| June 30, 2006 |
March 31, 2006 |
June 30, 2005 | |
Revenue by geographical region : |
|||
| Americas | 46% | 41% | 41% |
| Europe | 37% | 38% | 39% |
| Asia and rest of the world | 17% | 21% | 20% |
Revenue by product category : |
|||
| Personal Digital Entertainment | 65% | 60% | 68% |
| Audio | 13% | 13% | 11% |
| Speakers | 13% | 17% | 13% |
| Others | 9% | 10% | 8% |