HANSEN NATURAL CORP.
Consolidated Statements of Operations
(Unaudited)
Three Months Ended Twelve Months Ended
Dec. 31, Dec. 31,
1999 1998 1999 1998
NET SALES $17,440,570 $12,061,541 $72,303,186 $53,866,294
COST OF SALES 9,732,471 6,005,573 38,776,532 27,332,028
GROSS PROFIT 7,708,099 6,055,968 33,526,654 26,534,266
OPERATING EXPENSES:
Selling, general and
administrative 5,963,570 4,680,314 25,337,374 20,217,818
Amortization of
trademark license
and trademarks 82,923 75,184 307,823 296,584
Other expenses 350,378 281 380,378 60,000
Total operating
expenses 6,396,871 4,755,779 26,025,575 20,574,402
OPERATING INCOME 1,311,228 1,300,189 7,501,079 5,959,864
NONOPERATING EXPENSE
(INCOME)
Interest and financing
expense 32,743 86,391 170,506 387,446
Interest income (27,632) (33,594) (118,413) (72,352)
Other nonoperating
expense -- 14,719 -- 14,719
Net nonoperating
expense 5,111 67,516 52,093 329,813
INCOME BEFORE
PROVISION FOR
INCOME TAXES $ 1,306,117 $ 1,232,673 $ 7,448,986 $ 5,630,051
PROVISION FOR
INCOME TAXES $ 514,118 $ 522,799 $ 2,971,118 $ 2,066,922
NET INCOME $ 791,999 $ 709,874 $ 4,477,868 $ 3,563,129
NET INCOME PER
COMMON SHARE:
Basic $ 0.08 $ 0.08 $ 0.45 $ 0.38
Diluted $ 0.08 $ 0.07 $ 0.43 $ 0.34
NUMBER OF COMMON
SHARES USED IN
PER SHARE
COMPUTATIONS:
Basic 10,006,954 9,356,804 9,964,778 9,386,688
Diluted 10,374,942 10,816,000 10,510,604 10,430,727
Good, but not going to attract momentum or growth investors.
Jack |
