Gemstar International Group Limited Reports Fourth Quarter and Fiscal
Year 2000 Financial Results
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GEMSTAR INTERNATIONAL GROUP LIMITED
AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
(In thousands, except per share data)
Three months ended Year ended
March 31, March 31,
2000 1999 2000 1999
Revenues $ 83,993 $ 55,077 $241,439 $168,166
Operating costs and
expenses:
Selling and marketing 14,473 11,833 58,930 38,821
Research and development 6,533 5,725 24,273 21,648
General and administrative 7,614 6,843 31,416 24,248
Nonrecurring expenses 15,895 0 15,895 1,851
Operating income 39,478 30,676 110,925 81,598
Other income, net 3,840 2,427 13,688 8,736
Income before income taxes 43,318 33,103 124,613 90,334
Income taxes 15,987 10,893 43,296 30,189
Net income $ 27,331 $ 22,210 $ 81,317 $ 60,145
Basic earnings per share $ 0.13 $ 0.11 $ 0.40 $ 0.30
Diluted earnings per share $ 0.11 $ 0.09 $ 0.33 $ 0.26
Weighted average
shares outstanding 207,020 200,886 205,635 198,568
Weighted average
shares outstanding,
assuming dilution 252,611 233,946 247,876 229,182
Note: All historical financial information has been restated to
include NuvoMedia Inc. and SoftBook Press Inc.
SUMMARY BALANCE SHEET DATA
(unaudited)
(In thousands)
March 31, March 31,
2000 1999
Cash and cash equivalents $237,046 $185,723
Marketable securities 112,868 33,713
Total assets 467,171 256,979
Total liabilities 81,514 71,819
Net shareholders' equity 385,657 185,160 |
