Creative 2002 Annual Report Download - page 13

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11
RESULTS OF OPERATIONS
The following table sets forth, for the periods indicated, selected statement of operations data as a percentage of sales:
Years ended June 30
2002 2001 2000
Sales, net 100 % 100 % 100 %
Cost of goods sold 67 73 70
Gross profit 33 27 30
Operating expenses:
Selling, general and administrative 21 19 19
Research and development 5 4 4
Other charges 3 2 2
Operating income 4 2 5
(Loss) gain from investments, net (6) (12) 8
Interest income and other, net 1 – –
(Loss) income before income taxes and minority interest (1) (10) 13
Provision for income taxes (1) (1) (1)
Minority interest in (income) loss – – –
Net (loss) income (2) % (11) % 12 %
Creative’s net sales, by product category, for the past three fiscal years were as follows:
Percentage of Net Sales
for fiscal years ended June 30
2002 2001 2000
Audio products 44 % 41 % 39 %
Speakers 21 % 12 % 11 %
Multimedia Upgrade Kits 5 % 22 % 23 %
Graphics & Video products 6 % 6 % 15 %
Personal Digital Entertainment 9 % 9 % 4 %
Communication / Other products 15 % 10 % 8 %