International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Operations
(In thousands except per share amounts) |
| Q4 FY01 |
Three Months Ended
June 30, |
Twelve Months Ended
June 30, |
| |
|
2001 |
|
2000 |
|
2001 |
|
2000 |
| Revenues |
$ |
185,087 |
$ |
232,031 |
$ |
978,585 |
$ |
753,327 |
| Cost of sales |
|
151,655 |
|
142,794 |
|
622,394 |
|
485,240 |
| Gross profit |
|
33,432 |
|
89,237 |
|
356,191 |
|
268,087 |
| Selling and administrative expense |
|
34,060 |
|
32,108 |
|
137,662 |
|
114,664 |
| Research and development expense |
|
19,843 |
|
13,725 |
|
69,648 |
|
47,180 |
| Amortization of goodwill and other intangibles |
|
2,642 |
|
255 |
|
5,996 |
|
255 |
| Impairment of assets and restructuring change |
|
47,992 |
|
- |
|
47,992 |
|
- |
| Operating profit (loss) |
|
(71,105) |
|
43,149 |
|
94,893 |
|
105,988 |
| Other income (expense): |
|
|
|
|
|
|
|
|
| Interest, net |
|
4,903 |
|
3,446 |
|
21,723 |
|
(6,012) |
| Other, net |
|
248 |
|
489 |
|
1,765 |
|
1,564 |
| Income (loss) before income taxes |
|
(65,954) |
|
47,084 |
|
118,381 |
|
101,540 |
| Provision (benefit) for income taxes |
|
(17,131) |
|
13,183 |
|
30,732 |
|
28,431 |
| Income (loss) before extraordinary charge |
|
(48,823) |
|
33,901 |
|
87,649 |
|
73,109 |
Extraordinary charge on early repayment of debt,
net of income tax benefit of $1,856 |
|
- |
|
|
|
- |
|
(4,772) |
| Net income (loss) |
$ |
(48,823) |
$ |
33,901 |
$ |
87,649 |
$ |
68,337 |
| Net Income (loss) per share Basic: |
|
|
|
|
|
|
|
|
| Income (loss) before extraordinary charge |
$ |
(0.78) |
$ |
0.55 |
$ |
1.41 |
$ |
1.33 |
| Extraordinary charge |
|
- |
|
- |
|
- |
|
(0.08) |
| Net income (loss) per common share basic: |
$ |
(0.78) |
$ |
0.55 |
$ |
1.41 |
$ |
1.25 |
| Net Income per share Diluted: |
|
|
|
|
|
|
|
|
| Income (loss) before extraordinary charge |
$ |
(0.78) |
$ |
0.52 |
$ |
1.35 |
$ |
1.27 |
| Extraordinary charge |
|
- |
|
- |
|
- |
|
(0.08) |
| Net income (loss) per common share basic: |
$ |
(0.78) |
$ |
0.52 |
$ |
1.35 |
$ |
1.19 |
| Average common shares outstanding - Basic |
|
62,775 |
|
61,438 |
|
62,215 |
|
54,803 |
Average common shares and potentially dilutive
securities outstanding - Diluted |
|
62,775 |
|
65,700 |
|
64,800 |
|
57,662 |
|
|
