Year
Ended December 31,
(in thousands of US dollars except per share amounts) |
1998 |
1999 |
2000 |
|
| Net
sales |
4,210,618 |
5,023,109 |
7,764,404 |
| Other
revenues |
37,134 |
33,167 |
48,799 |
|
Net revenues |
4,247,752 |
5,056,276 |
7,813,203 |
| Cost
of sales |
(2,622,943) |
(3,054,476) |
(4,216,921) |
|
| Gross
profit |
1,624,809 |
2,001,800 |
3,596,282 |
| Selling,
general and administrative |
(488,072) |
(534,178) |
(703,675) |
| Research
and development |
(689,785) |
(835,964) |
(1,026,348) |
| Other
income and expenses |
76,458 |
39,840 |
(83,533) |
|
| Operating
income |
523,410 |
671,498 |
1,782,726 |
| Net
interest income |
8,691 |
35,624 |
46,703 |
|
| Income
before income taxes and minority interests |
532,101 |
707,122 |
1,829,429 |
| Income
tax expense |
(120,351) |
(157,214) |
(375,119) |
|
| Income
before minority interests |
411,750 |
549,908 |
1,454,310 |
|
| Minority
interests |
(629) |
(2,656) |
(2,207) |
|
| Net
income |
411,121 |
547,252 |
1,452,103 |
|
| Earnings
per share (basic) |
0.49 |
0.64 |
1.64 |
|
| Earnings
per share (diluted) |
0.48 |
0.62 |
1.58 |
|
|
|
| The
accompanying notes are an integral part of these consolidated
financial statements |
|
|
|
|
|
