Sharp 2010 Annual Report Download - page 46

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Consolidated Statements of Operations
Sharp Corporation and Consolidated Subsidiaries for the Years Ended March 31, 2009 and 2010
Yen
(millions)
U.S. Dollars
(thousands)
2009 2010 2010
Net Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥2,847,227 ¥2,755,948 $29,955,957
Cost of Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,392,397 2,229,510 24,233,805
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 454,830 526,438 5,722,152
Selling, General and Administrative Expenses . . . . . . . . . . . . . . . . . . . . . . . . . 510,311 474,535 5,157,989
Operating income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (55,481) 51,903 564,163
Other Income (Expenses):
Interest and dividends income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,009 3,547 38,554
Interest expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9,147) (7,794) (84,717)
Foreign exchange gains (losses), net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6,137) (4,256) (46,261)
Gain on sales of subsidiaries and affiliates’ stocks . . . . . . . . . . . . . . . . . . . . . . . 18,521 – –
Loss on sales of investment securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,914) – –
Loss on valuation of investment securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . (49,875) – –
Loss on valuation of inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7,639) – –
Restructuring charges (Note 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (58,439) (20,078) (218,239)
Loss on violation of the antitrust law . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12,004) – –
Other, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (29,033) (17,183) (186,772)
(148,658) (45,764) (497,435)
Income (loss) before income taxes and minority interests . . . . . . . . . . . . . . . (204,139) 6,139 66,728
Income Taxes (Note 4):
Current . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,274 15,092 164,043
Deferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (83,177) (15,090) (164,022)
(78,903) 2 21
Income (loss) before minority interests. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (125,236) 6,137 66,707
Minority Interests in Income of Consolidated Subsidiaries . . . . . . . . . . . . . . . (579) (1,740) (18,914)
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ (125,815) ¥ 4,397 $ 47,793
Yen U.S. Dollars
2009 2010 2010
Per Share of Common Stock (Note 9):
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ (114.33) ¥ 4.00 $ 0.04
Diluted net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . – 3.78 0.04
Cash dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.00 17.00 0.18
The accompanying notes to the consolidated financial statements are an integral part of these statements.
Financial Section
SHARP CORPORATION44