Creative 2000 Annual Report Download - page 13

Download and view the complete annual report

Please find page 13 of the 2000 Creative annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 44

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44

13
QUARTERLY RESULTS (Cont’d)
Unaudited data for quarters ended (as a percentage of sales)
Jun 30 Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 Dec 31 Sep 30
2000 2000 1999 1999 1999 1999 1998 1998
Sales, net 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 %
Cost of goods sold 69 69 70 74 77 74 70 71
Gross profit 31 31 30 26 23 26 30 29
Operating Expenses:
Selling, general and
administrative 19 20 18 20 17 16 14 19
Research and development 5 5 355434
Other charges (1) 7 – ––––––
Operating income – 6 9116136
Net gain from investments 6 22 224–1–
Interest income (expense)
and other, net – – –11112
Income before income
taxes and minority interest 6 28 11 4 6 7 15 8
Provision for income taxes (1) (1) (1) – (1) (1) (1) –
Minority interest in (income) loss – – ––––––
Net income 5 % 27 % 10 % 4 % 5 % 6 % 14 % 8 %
(1) Other charges included in the results of operations for the quarter ended June 30, 2000 relate to the settlement of all
outstanding litigation claims between Aureal and Creative. See Notes 13 and 14 of “Notes to Consolidated Financial
Statements.”