(For the record, using fixed font to keep columns lined-up.)
biz.yahoo.com
------------------------------------------------------------
Financial highlights at and for the three month periods ended April 30, 2000
and prior year comparisons are as follows:
Financial Highlights
(In thousands, except per share data, unaudited)
Operations Data (excluding one-time acquisition charges):
Three Months Ended
April 30, April 30,
1999 2000
Sales $ 200,507 $ 261,282
Cost of sales $ 77,427 $ 97,347
Research and development, net $ 38,417 $ 50,299
Selling, general and administrative $ 42,845 $ 54,220
Royalties and license fees $ 4,740 $ 4,880
Income from operations $ 37,078 $ 54,536
Interest and other income, net $ 3,009 $ 6,511
Income before income tax provision $ 40,087 $ 61,047
Income tax provision $ 3,516 $ 4,642
Net income $ 36,571 $ 56,405
Net income per share, diluted $ 0.24 $ 0.33
Net income per share, basic $ 0.26 $ 0.36
Note: The above amounts for the three months ended April 30, 1999 have
been adjusted to eliminate the one-time acquisition-related charges of
$934, net of tax, or $0.01 per diluted share.
-0-
Financial Highlights
(In thousands, except per share data, unaudited)
Operations Data (including one-time acquisition charges, recognized
during the three months ended April 30, 1999, of $934, net of tax, or
$0.01 per diluted share):
Three Months Ended
April 30, April 30,
1999 2000
Sales $ 200,507 $ 261,282
Cost of sales $ 77,427 $ 97,347
Research and development, net $ 38,417 $ 50,299
Selling, general and administrative $ 42,845 $ 54,220
Royalties and license fees $ 4,740 $ 4,880
One-time acquisition-related charges $ 1,018 -
Income from operations $ 36,060 $ 54,536
Interest and other income, net $ 3,009 $ 6,511
Income before income tax provision $ 39,069 $ 61,047
Income tax provision $ 3,432 $ 4,642
Net income $ 35,637 $ 56,405
Net income per share, diluted $ 0.23 $ 0.33
Net income per share, basic $ 0.26 $ 0.36
-0-
Financial Highlights
(In thousands)
Balance Sheet Data:
ASSETS
January 31, April 30,
2000 2000
(Unaudited)
CURRENT ASSETS:
Cash and cash equivalents $ 338,638 $ 403,304
Bank time deposits and short-term
investments 439,054 437,791
Accounts receivable, net 259,357 282,830
Inventories 97,653 120,192
Prepaid expenses and other current assets 40,829 47,900
TOTAL CURRENT ASSETS 1,175,531 1,292,017
PROPERTY AND EQUIPMENT, net 121,897 125,867
INVESTMENTS 19,749 30,187
OTHER ASSETS 35,191 50,546
TOTAL ASSETS $ 1,352,368 $ 1,498,617
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable and accrued expenses $ 231,245 $ 224,126
Advance payments from customers 94,171 96,806
Other current liabilities 1,289 3,504
TOTAL CURRENT LIABILITIES 326,705 324,436
CONVERTIBLE SUBORDINATED DEBENTURES 300,000 300,000
LIABILITY FOR SEVERANCE PAY 6,185 8,030
OTHER LIABILITIES 8,138 28,814
TOTAL LIABILITIES 641,028 661,280
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Common stock, $0.10 par value - authorized,
300,000,000 shares; issued and outstanding,
153,822,408 and 155,444,704 shares 15,382 15,544
Additional paid-in capital 407,645 475,313
Retained earnings 285,890 342,295
Accumulated other comprehensive income 2,423 4,185
TOTAL STOCKHOLDERS' EQUITY 711,340 837,337
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,352,368 $ 1,498,617 |
