Wednesday August 7 6:46 AM EDT
Iwerks Entertainment reports record net income for fiscal 1996
IWERKS ENTERTAINMENT INC.
Financial Highlights
(in 000s, except per-share data)
Condensed Consolidated Income Statement
Three Months Ended Fiscal Years Ended
June 30, June 30,
1996 1995 1996 1995
Revenue $ 11,388 $ 12,428 $ 48,516 $ 44,975
Costs and expenses:
Cost of sales 7,074 7,736 28,675 33,080
SG&A 3,277 7,618 17,019 24,940
Research & development 89 132 358 848
Total costs 10,440 15,486 46,052 58,868
Interest income, net 177 215 784 505
Provision for income taxes 149 85 149 85
Net income (loss) $ 976 $ (2,928) $ 3,099 $(13,473)
Net income (loss)
per common share $ 0.08 $ (0.28) $ 0.26 $ (1.32)
Weighted avg shares
outstanding 12,659 10,341 12,144 10,210
Condensed Consolidated Balance Sheets
June 30,
1996 1995
ASSETS
Current assets and investment in debt securities $ 38,903 $ 32,400
Properties, net 15,975 20,093
Goodwill 17,360 18,265
Other assets 688 868
Total assets $ 72,926 $ 71,626
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities $ 13,529 $ 19,122
Long-term liabilities 2,732 2,130
Stockholders' equity 56,665 50,374
Total liabilities & stockholders' equity $ 72,926 $ 71,626
Note to Editors: For this company's past press releases go to
businesswire.com.
CONTACT: Iwerks Entertainment Inc., Burbank
Roy A. Wright or Yvette Lamprecht, 818/841-7766
or
Silverman Heller Associates, Los Angeles
Eugene G. Heller, 310/208-2550 |
