SAN DIEGO, Jan 29 (Reuters) -
Quar. Dec. 31: 1997 1996
Revenues $59,076,000 $27,567,000
Net Income 7,173,000 3,547,000
Avg. dil shs 30,042,000 28,422,000
Shr earns (basic):
Net income 0.25 0.14
Shr earns (diluted):
Net income 0.24 0.12
Year:
Revenues 203,647,000 64,995,000
Net Income 26,058,000 6,510,000
Avg. dil shs 30,267,000 22,420,000
Shr earns (basic):
Net income 0.92 0.33
Shr earns (diluted):
Net income 0.86 0.29
Cymer Inc.
Consolidated Statements Of Income (Unaudited)
(In thousands, except per share data)
For the three months For the twelve months
ended December 31 ended December 31
1996 1997 1996 1997
REVENUES:
Product sales $ 26,957 $ 58,653 $ 62,510 $ 201,191
Other 610 423 2,485 2,456
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Total revenues 27,567 59,076 64,995 203,647
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COSTS AND EXPENSES:
Cost of product sales 15,150 35,181 35,583 123,654
Research and development 4,264 7,619 11,742 24,971
Sales and marketing 2,013 3,671 5,516 11,992
General and administrative 2,003 2,706 4,270 8,586
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Total costs and expenses 23,430 49,177 57,111 169,203
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OPERATING INCOME 4,137 9,899 7,884 34,444
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OTHER INCOME (EXPENSE):
Foreign currency exchange
gain (loss) - net 45 37 161 (359)
Interest and other income 304 2,435 347 5,318
Interest and other expense (316) (2,829) (691) (4,847)
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Total other income
(expense) - net 33 (357) (183) 112
--- ----- ----- ---
INCOME BEFORE PROVISION FOR INCOME
TAXES AND MINORITY INTEREST 4,170 9,542 7,701 34,556
Provision for income taxes (623) (2,386) (1,191) (8,639)
Minority interest 17 141
------- --------- ------- ---------
NET INCOME $ 3,547 $ 7,173 $ 6,510 $ 26,058
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EARNINGS PER SHARE:
Basic:
Earnings per share $ 0.14 $ 0.25 $ 0.33 $ 0.92
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Weighted average common
shares outstanding 25,354 28,643 19,868 28,212
========= ========= ====== =======
Diluted:
Earnings per share $ 0.12 $ 0.24 $ 0.29 $ 0.86
========= ======= ======== ========
Weighted average common
and common equivalent
shares outstanding 28,422 30,042 22,420 30,267
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