Year Ended
December 31,
(in thousands of US dollars except per share
amounts) |
1999 |
2000 |
2001 |
|
| Net sales |
5,023,109 |
7,764,404 |
6,303,913 |
| Other revenues
|
33,167 |
48,799 |
52,983 |
|
Net revenues |
5,056,276 |
7,813,203 |
6,356,896 |
| Cost of sales
|
(3,054,476) |
(4,216,921) |
(4,046,999) |
|
| Gross
profit |
2,001,800 |
3,596,282 |
2,309,897 |
| Selling, general and
administrative |
(534,178) |
(703,675) |
(641,443) |
| Research and
development |
(835,964) |
(1,026,348) |
(977,931) |
| Other income and
expenses |
39,840 |
(83,533) |
(6,019) |
| Impairment and restructuring
charges |
-- |
-- |
(345,515) |
|
| Operating
income |
671,498 |
1,782,726 |
338,989 |
| Net interest income
(expense) |
35,624 |
46,703 |
(13,040) |
| Equity in loss of joint
ventures |
-- |
-- |
(4,790) |
|
| Income before
income taxes and minority interests |
707,122 |
1,829,429 |
321,159 |
| Income tax expense |
(157,214) |
(375,119) |
(61,060) |
|
| Income before minority interests |
549,908 |
1,454,310 |
260,099 |
|
| Minority
interests |
(2,656) |
(2,207) |
(3,032) |
|
| Net income |
547,252 |
1,452,103 |
257,067 |
|
| Earnings per share (basic) |
0.64 |
1.64 |
0.29 |
|
| Earnings per share (diluted) |
0.62 |
1.58 |
0.29 |
|
| |
| The accompanying notes are
an integral part of these consolidated financial statements |
|
|
|
|
|
