bull, heres the earnings breakdown> LOOK AT the DEBT. If you remember I was having a discourse with someone about longterm debt (42%) vs overall debt. I haven't had a real good look yet, but it looks to me like these guys owe some bucks and SOON.
Iomega Corp (NASDAQ:IOMG) Q3 full results
Reuters, Thursday, October 17, 1996 at 18:39
ROY, Utah, Oct. 17 (Reuter) -
IOMEGA CORPORATION
CONDENSED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
For the Three Months Ended
Sep 29, Jun 30, Mar 31,
1996 1996 1996
(Unaudited)
SALES $310,085 $283,638 $221,988
COST OF SALES 228,424 207,443 162,088
Gross margin 81,661 76,195 59,900
OPERATING EXPENSES:
Selling, general
and administrative 50,323 39,126 33,156
Research and development 10,475 11,542 6,991
Total operating expenses 60,798 50,668 40,147
OPERATING INCOME 20,863 25,527 19,753
Interest and other
income and expense, net 71 (2,239) (3,161)
INCOME BEFORE INCOME TAXES 20,934 23,288 16,592
PROVISION FOR INCOME TAXES (8,168) (9,206) (6,471)
NET INCOME 12,766 14,082 10,121
NET INCOME PER COMMON SHARE 0.9 0.11 0.08*
WEIGHTED AVERAGE SHARES
OUTSTANDING 137,027 132,405 128,838*
For the Three Months Ended
Sep 29, Oct 1,
1996 1995
(Unaudited)
SALES $310,085 $84,721
COST OF SALES 228,424 63,225
Gross margin 81,661 21,496
OPERATING EXPENSES:
Selling, general and administrative
50,323 13,878
Research and development 10,475 4,691
Total operating expenses 60,798 18,569
OPERATING INCOME 20,863 2,927
Interest and other
income and expense, net 71 (230)
INCOME BEFORE INCOME TAXES 20,934 2,697
PROVISION FOR INCOME TAXES (8,168) (672)
NET INCOME 12,766 2,025
NET INCOME PER COMMON SHARE 0.09 0.02*
WEIGHTED AVERAGE SHARES OUTSTANDING
137,027 127,236*
For the Nine Months Ended
Sep 29, Oct 1,
1996 1995
(Unaudited)
SALES $815,711 $177,427
COST OF SALES 597,955 132,527
Gross margin 217,756 44,900
OPERATING EXPENSES:
Selling, general and
administrative 122,605 33,389
Research and development 29,008 12,793
Total operating expenses 151,613 46,182
OPERATING INCOME (LOSS) 66,143 (1,282)
Interest and other income
and expense, net (5,329) (305)
INCOME (LOSS) BEFORE
INCOME TAXES 60,814 (1,587)
BENEFIT (PROVISION) FOR
INCOME TAXES (23,845) 167
NET INCOME (LOSS) 36,969 ( 1,420)
NET INCOME (LOSS)
PER COMMON SHARE 0.28 ( 0.01)*
WEIGHTED AVERAGE
SHARES OUTSTANDING 132,089 114,264
* The weighted average shares and EPS have been restated
for the January 1996 3 for 1 and/or the May 1996 2 for 1 Stock
Splits
DAMN bull, I just noticed I copied the wrong one. I'll get back to you with the debt stuff later, but heres some "vanilla" stuff in the meantime.
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