International Rectifier Corporation and Subsidiaries
Consolidated Statement of Income
(In thousands except per share amounts) |
| Q4 FY03 |
Quarter Ended
June 30, |
Year Ended
June 30, |
| |
|
2003 |
|
2002 |
|
2003 |
|
2002 |
| Revenues |
$ |
228,370 |
$ |
201,017 |
$ |
864,443 |
$ |
720,229 |
| Cost of sales |
|
148,803 |
|
127,297 |
|
576,633 |
|
463,370 |
| Gross profit |
|
79,567 |
|
73,720 |
|
287,810 |
|
256,859 |
| Selling and administrative expense |
|
37,253 |
|
33,135 |
|
146,337 |
|
125,578 |
| Research and development expense |
|
21,233 |
|
19,252 |
|
78,904 |
|
69,775 |
| Amortization of acquisition-related intangibles |
|
1,368 |
|
1,206 |
|
5,364 |
|
4,110 |
| Impairment of assets and restructuring charge |
|
3,847 |
|
- |
|
184,052 |
|
- |
| Operating profit (loss) |
|
15,866 |
|
20,127 |
|
(126,847) |
|
57,396 |
| Other income (expense): |
|
|
|
|
|
|
|
|
| Interest, net |
|
757 |
|
1,191 |
|
671 |
|
6,499 |
| Other, net |
|
(214) |
|
466 |
|
(22) |
|
1,916 |
| Income (Loss) before income taxes |
|
16,409 |
|
21,784 |
|
(126,198) |
|
65,811 |
| Provision for (Benefit from) income taxes |
|
3,171 |
|
5,664 |
|
(36,559) |
|
17,111 |
| Net income (loss) |
$ |
13,238 |
$ |
16,120 |
$ |
(89,639) |
$ |
48,700 |
| Net income (loss) per common share basic: |
$ |
0.21 |
$ |
0.25 |
$ |
(1.40) |
$ |
0.77 |
| Net income (loss) per common share diluted: |
$ |
0.20 |
$ |
0.25 |
$ |
(1.40) |
$ |
0.75 |
| Average common shares outstanding - Basic |
|
64,165 |
|
63,583 |
|
63,982 |
|
63,390 |
Average common shares and potentially dilutive
securities outstanding - Diluted |
|
65,385 |
|
65,757 |
|
63,982 |
|
65,271 |
|
|
