Creative 2002 Annual Report Download - page 23

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21
(In US$’000, except per share data)
Years ended June 30
2002 2001 2000
Sales, net $ 805,905 $1,226,068 $1,342,192
Cost of goods sold 543,382 894,236 947,157
Gross profit 262,523 331,832 395,035
Operating expenses:
Selling, general and administrative 170,122 230,417 252,321
Research and development 38,248 54,022 60,428
Other charges (Notes 12 and 15) 26,080 22,814 20,000
Operating income 28,073 24,579 62,286
(Loss) gain from investments, net (45,414) (148,490) 103,443
Interest income and other, net 5,155 2,416 5,287
(Loss) income before income taxes and minority interest (12,186) (121,495) 171,016
Provision for income taxes (5,698) (8,409) (9,472)
Minority interest in income (1,843) (469) (532)
Net (loss) income $ (19,727) $ (130,373) $ 161,012
Basic (loss) earnings per share $ (0.27) $ (1.65) $ 1.96
Weighted average ordinary shares outstanding (’000) 73,182 79,049 82,028
Diluted (loss) earnings per share $ (0.27) $ (1.65) $ 1.86
Weighted average ordinary shares and
equivalents outstanding (’000) 73,182 79,049 86,612
The accompanying notes are an integral part of these consolidated financial statements.
CONSOLIDATED STATEMENTS OF OPERATIONS