Creative 1999 Annual Report Download - page 8

Download and view the complete annual report

Please find page 8 of the 1999 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 46

  • 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
  • 45
  • 46

6
The following table sets out selected data from Creative’s Consolidated Statements of Operations for the five years ended June 30, 1999.
The data for the three years ended June 30, 1999 is qualified by reference to, and should be read in conjunction with, the consolidated
financial statements and related notes thereto included elsewhere in this Annual Report.
CONSOLIDATED STATEMENTS OF OPERATIONS DATA
(US$’000, EXCEPT PER SHARE DATA):
For the years ended June 30
1999 1998(1) 1997 1996 1995
Sales, net $ 1,296,537 $ 1,234,208 $ 1,232,957 $ 1,308,061 $ 1,202,337
Cost of goods sold 944,499 848,305 893,432 1,120,977 923,612
Gross profit 352,038 385,903 339,525 187,084 278,725
Operating expenses
Selling, general and administrative 209,668 162,464 135,644 148,351 173,496
Research and development 46,725 41,723 35,164 34,756 41,037
Other charges (2) – 68,568 – 18,780 26,189
Operating income (loss) 95,645 113,148 168,717 (14,803) 38,003
Interest income (expense) and other, net (3) 29,669 39,652 18,382 (14,793) (5,018)
Income (loss) before income
taxes and minority interest 125,314 152,800 187,099 (29,596) 32,985
Provision for income taxes (4) (9,920) (19,805) (20,073) (8,767) (5,565)
Minority interest in (income) loss (312) 1,779 20 719 (916)
Net income (loss) $ 115,082 $ 134,774 $ 167,046 $ (37,644) $ 26,504
Basic earnings (loss) per share $ 1.28 $ 1.49 $ 1.89 $ (0.43) $ 0.30
Average ordinary shares outstanding (’000) 89,818 90,654 88,422 87,984 87,105
Diluted earnings (loss) per share $ 1.25 $ 1.42 $ 1.84 $ (0.43) $ 0.30
Average ordinary shares and equivalents
outstanding (’000) 92,241 94,964 90,763 87,984 89,422
Selected Consolidated Financial Data