International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Income
(In thousands except per share amounts) |
| Q3 FY02 |
Three Months Ended
March 31, |
Nine Months Ended
March 31, |
| |
|
2002 |
|
2001 |
|
2002 |
|
2001 |
| Revenues |
$ |
178,633 |
$ |
275,994 |
$ |
519,212 |
$ |
793,498 |
| Cost of sales |
|
115,988 |
|
161,044 |
|
336,073 |
|
470,739 |
| Gross profit |
|
62,645 |
|
114,950 |
|
183,139 |
|
322,759 |
| Selling and administrative expense |
|
31,171 |
|
35,111 |
|
92,443 |
|
103,602 |
| Research and development expense |
|
16,646 |
|
18,169 |
|
50,523 |
|
49,805 |
| Amortization of acquisition-related intangibles |
|
968 |
|
2,663 |
|
2,904 |
|
3,354 |
| Operating profit |
|
13,860 |
|
59,007 |
|
37,269 |
|
165,998 |
| Other income (expense): |
|
|
|
|
|
|
|
|
| Interest, net |
|
1,055 |
|
5,039 |
|
5,308 |
|
16,820 |
| Other, net |
|
1,581 |
|
542 |
|
1,450 |
|
1,517 |
| Income before income taxes |
|
16,496 |
|
64,588 |
|
44,027 |
|
184,335 |
| Provision for income taxes |
|
4,289 |
|
16,729 |
|
11,447 |
|
47,863 |
| Net income |
$ |
12,207 |
$ |
47,859 |
$ |
32,580 |
$ |
136,472 |
| Net income per common share basic: |
$ |
0.19 |
$ |
0.77 |
$ |
0.51 |
$ |
2.20 |
| Net income per common share diluted: |
$ |
0.19 |
$ |
0.73 |
$ |
0.50 |
$ |
2.07 |
| Average common shares outstanding - Basic |
|
63,415 |
|
62,248 |
|
63,321 |
|
62,028 |
Average common shares and potentially dilutive
securities outstanding - Diluted |
|
65,453 |
|
65,943 |
|
65,105 |
|
66,034 |
|
|
