International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Income
(In thousands except per share amounts) |
| Q2 FY02 |
Three Months Ended
December 31, |
Six Months Ended
December 31, |
|
|
2001 |
|
2000 |
|
2001 |
|
2000 |
| Revenues |
$ |
172,090 |
$ |
268,069 |
$ |
340,579 |
$ |
517,504 |
| Cost of sales |
|
111,509 |
|
158,963 |
|
220,085 |
|
309,695 |
| Gross profit |
|
60,581 |
|
109,106 |
|
120,494 |
|
207,809 |
| Selling and administrative expense |
|
30,274 |
|
34,704 |
|
61,272 |
|
68,491 |
| Research and development expense |
|
16,979 |
|
16,685 |
|
33,877 |
|
31,636 |
| Amortization of acquisition-related intangibles |
|
971 |
|
450 |
|
1,936 |
|
691 |
| Operating profit |
|
12,357 |
|
57,267 |
|
23,409 |
|
106,991 |
| Other income (expense): |
|
|
|
|
|
|
|
|
| Interest, net |
|
2,053 |
|
5,890 |
|
4,253 |
|
11,781 |
| Other, net |
|
147 |
|
474 |
|
(131) |
|
975 |
| Income before income taxes |
|
14,557 |
|
63,631 |
|
27,531 |
|
119,747 |
| Provision for income taxes |
|
3,785 |
|
17,105 |
|
7,158 |
|
31,134 |
| Net income |
$ |
10,772 |
$ |
46,526 |
$ |
20,373 |
$ |
88,613 |
| Net income per common share - Basic |
$ |
0.17 |
$ |
0.75 |
$ |
0.32 |
$ |
1.43 |
| Net income per common share - Diluted |
$ |
0.17 |
$ |
0.71 |
$ |
0.31 |
$ |
1.34 |
| Average common shares outstanding - Basic |
|
63,296 |
|
62,004 |
|
63,274 |
|
61,918 |
Average common shares and potentially dilutive
securities outstanding - Diluted |
|
64,970 |
|
65,497 |
|
64,954 |
|
66,079 |
|
|
