Creative 2001 Annual Report Download - page 15

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15
(In US$’000, except per share data)
Years ended June 30
2001 2000 1999
Sales, net $1,228,602 $1,343,604 $1,296,537
Cost of goods sold 894,236 947,157 944,499
Gross profit 334,366 396,447 352,038
Operating expenses:
Selling, general and administrative 232,951 253,733 209,668
Research and development 54,022 60,428 46,725
Restructuring and other charges (Notes 13 and 14) 22,814 20,000 –
Operating income 24,579 62,286 95,645
(Loss) gain from investments, net (148,490) 103,443 15,048
Interest income and other, net 2,416 5,287 14,621
(Loss) income before income taxes and minority interest (121,495) 171,016 125,314
Provision for income taxes (8,409) (9,472) (9,920)
Minority interest in income (469) (532) (312)
Net (loss) income $(130,373) $ 161,012 $ 115,082
Basic (loss) earnings per share $ (1.65) $ 1.96 $ 1.28
Weighted average ordinary shares outstanding (’000) 79,049 82,028 89,818
Diluted (loss) earnings per share $ (1.65) $ 1.86 $ 1.25
Weighted average ordinary shares and
equivalents outstanding (’000) 79,049 86,612 92,241
The accompanying notes are an integral part of these consolidated financial statements.
CONSOLIDATED STATEMENTS OF OPERATIONS