Here are the 4q98 and year-end financial statements:
SCIENTIFIC-ATLANTA, INC.
consolidated statement of earnings
(in millions, except per share data)
Three Months Ended Twelve Months Ended
June 26, June 27, June 26, June 27,
1998 1997 1998 1997
SALES $303.7 $322.7 $1,181.4 $1,168.2
COSTS AND EXPENSES
Cost of sales 240.5 221.9 850.7 809.0
Sales and administrative 45.6 46.0 165.7 160.6
Research and development 30.8 27.6 111.5 114.3
Restructuring 23.4 --- 23.4 ---
Interest expense 0.1 0.1 0.5 0.5
Interest (income) (2.3) (1.1) (6.0) (3.9)
Other (income)
expense, net (80.6) (0.7) (79.8) (1.5)
Total costs
and expenses 257.5 293.8 1,066.0 1,079.0
EARNINGS FROM CONTINUING
OPERATIONS BEFORE
INCOME TAXES 46.2 28.9 115.4 89.2
PROVISION FOR
INCOME TAXES 13.9 9.3 34.6 28.6
NET EARNINGS FROM
CONTINUING OPERATIONS 32.3 19.6 80.8 60.6
GAIN ON SALE OF DISCONTINUED
OPERATIONS, NET OF TAX --- --- --- 3.4
NET EARNINGS $32.3 $19.6 $80.8 $64.0
EARNINGS PER COMMON SHARE
BASIC
Continuing
Operations $0.41 $0.25 $1.03 $0.78
Discontinued
Operations --- --- --- 0.04
Net Earnings $0.41 $0.25 $1.03 $0.82
DILUTED $0.40 $0.25 $1.02 $0.82
WEIGHTED AVERAGE NUMBER
OF COMMON SHARES
OUTSTANDING
BASIC 78.9 77.6 78.7 77.3
DILUTED 80.3 79.0 80.0 78.2
BOOKINGS $319.7 $321.1 $1,204.7 $1,264.3
SOURCE: Scientific-Atlanta, Inc. |
