Creative 2004 Annual Report Download - page 6

Download and view the complete annual report

Please find page 6 of the 2004 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

4
The following table contains selected data from Creative’s Consolidated Statements of Operations for the five years ended June 30,
2004. The data for the three years ended June 30, 2004 is derived from and should be read in conjunction with, the consolidated
financial statements and related notes thereto included elsewhere in this Annual Report. The data for the two years ended June 30,
2001 are derived from the audited financial statement which are not included in this annual report.
CONSOLIDATED STATE M ENTS OF OPERATIONS DATA
(US$’000, EXCEPT PER SHARE DATA):
For the years ended June 30
2004 2003 2002(1) 2001 2000
Sales, net (2) $ 814,853 $ 701,769 $ 805,905 $ 1,226,068 $ 1,342,192
Cost of goods sold 533,513 452,952 543,382 894,236 947,157
Gross profit 281,340 248,817 262,523 331,832 395,035
Operating expenses:
Selling, general and administrative (2) 167,588 162,839 170,122 230,417 252,321
Research and development 69,504 58,775 38,248 54,022 60,428
Other charges (3) – – 26,080 22,814 20,000
Operating income 44,248 27,203 28,073 24,579 62,286
Gain (loss) from investments, net 72,602 (6,049) (45,414) (148,490) 103,443
Interest income and other, net 9,276 4,864 5,155 2,416 5,287
Income (loss) before income
taxes and minority interest 126,126 26,018 (12,186) (121,495) 171,016
Provision for income taxes (4) 8,539 (2,720) (5,698) (8,409) (9,472)
Minority interest in (income) loss (418) 79 (1,843) (469) (532)
Net income (loss) $ 134,247 $ 23,377 $ (19,727) $ (130,373) $ 161,012
Basic earnings (loss) per share $ 1.66 $ 0.30 $ (0.27) $ (1.65) $ 1.96
Weighted average ordinary shares
outstanding (’000) 80,654 79,202 73,182 79,049 82,028
Diluted earnings (loss) per share $ 1.61 $ 0.29 $ (0.27) $ (1.65) $ 1.86
Weighted average ordinary shares
and equivalents outstanding (’000) 83,630 80,851 73,182 79,049 86,612
SELECTED CONSOLIDATED FINANCIAL DATA
US report 04-6 22-9 27/9/04, 3:40 PM4
Black