International Rectifier Corporation and Subsidiaries
Consolidated Statement of Income
(In thousands except per share amounts) |
| Q4 FY02 |
Quarter Ended
June 30, |
Year Ended
June 30, |
| |
|
2002 |
|
2001 |
|
2002 |
|
2001 |
| Revenues |
$ |
201,017 |
$ |
185,087 |
$ |
720,229 |
$ |
978,585 |
| Cost of sales |
|
127,297 |
|
151,655 |
|
463,370 |
|
622,394 |
| Gross profit |
|
73,720 |
|
33,432 |
|
256,859 |
|
356,191 |
| Selling and administrative expense |
|
33,135 |
|
34,060 |
|
125,578 |
|
137,662 |
| Research and development expense |
|
19,252 |
|
19,843 |
|
69,775 |
|
69,648 |
| Amortization of acquisition-related intangibles |
|
1,206 |
|
2,642 |
|
4,110 |
|
5,996 |
| Impairment of assets and restructuring charge |
|
- |
|
47,992 |
|
- |
|
47,992 |
| Operating profit (loss) |
|
20,127 |
|
(71,105) |
|
57,396 |
|
94,893 |
| Other income: |
|
|
|
|
|
|
|
|
| Interest, net |
|
1,191 |
|
4,903 |
|
6,499 |
|
21,723 |
| Other, net |
|
466 |
|
248 |
|
1,916 |
|
1,765 |
| Income (Loss) before income taxes |
|
21,784 |
|
(65,954) |
|
65,811 |
|
118,381 |
| Provision for (Benefit from) income taxes |
|
5,664 |
|
(17,131) |
|
17,111 |
|
30,732 |
| Net income (loss) |
$ |
16,120 |
$ |
(48,823) |
$ |
48,700 |
$ |
87,649 |
| Net income (loss) per common share basic: |
$ |
0.25 |
$ |
(0.78) |
$ |
0.77 |
$ |
1.41 |
| Net income (loss) per common share diluted: |
$ |
0.25 |
$ |
(0.78) |
$ |
0.75 |
$ |
1.35 |
| Average common shares outstanding - Basic |
|
63,583 |
|
62,775 |
|
63,390 |
|
62,215 |
Average common shares and potentially dilutive
securities outstanding - Diluted |
|
65,757 |
|
62,775 |
|
65,271 |
|
64,800 |
|
|
