International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Income
(In thousands except per share amounts) |
| Q2 FY01 |
Three Months Ended
December 31, |
Six Months Ended
December 31, |
|
|
2000 |
|
1999 |
|
2000 |
|
1999 |
| Revenues |
$ |
268,069 |
$ |
171,098 |
$ |
517,504 |
$ |
323,337 |
| Cost of sales |
|
158,963 |
|
112,896 |
|
309,695 |
|
216,916 |
| Gross profit |
|
109,106 |
|
58,202 |
|
207,809 |
|
106,421 |
| Selling and administrative expense |
|
34,704 |
|
27,084 |
|
68,491 |
|
53,740 |
| Research and development expense |
|
16,685 |
|
11,064 |
|
31,636 |
|
21,660 |
| Operating profit |
|
57,717 |
|
20,054 |
|
107,682 |
|
31,021 |
| Other income (expense): |
|
|
|
|
|
|
|
|
| Interest, net |
|
5,890 |
|
(3,895) |
|
11,781 |
|
(7,320) |
| Other, net |
|
24 |
|
600 |
|
284 |
|
600 |
| Income before income taxes |
|
63,631 |
|
16,759 |
|
119,747 |
|
24,301 |
| Provision for income taxes |
|
17,105 |
|
4,375 |
|
31,134 |
|
6,788 |
| Net income |
$ |
46,526 |
$ |
12,384 |
$ |
88,613 |
$ |
17,513 |
| Net income per common share - Basic |
$ |
0.75 |
$ |
0.24 |
$ |
1.43 |
$ |
0.34 |
| Net income per common share - Diluted |
$ |
0.71 |
$ |
0.23 |
$ |
1.34 |
$ |
0.33 |
| Average common shares outstanding - Basic |
|
62,004 |
|
52,020 |
|
61,918 |
|
51,974 |
Average common shares and potentially dilutive
securities outstanding - Diluted |
|
65,497 |
|
54,093 |
|
66,079 |
|
53,594 |
|
|
