|
CONSOLIDATED STATEMENTS OF INCOME
(In millions of US dollars, except per share data ($))
|
Three Months Ended
|
Nine Months Ended
|
| |
As Reported |
As Reported |
As Reported |
As Reported |
Pro Forma |
| |
Sept. 28 |
Sept. 29 |
Sept. 28 |
Sept. 29 |
Sept. 29 |
| |
2002 |
2001 |
2002 |
2001 |
2001 |
| |
|
|
|
|
|
| Net sales |
1,632.9 |
1,384.5 |
4,499.0 |
4,865.5 |
4,865.5 |
| Other revenues |
12.30 |
16.21 |
32.5 |
43.5 |
43.5 |
| NET REVENUES |
1,645.2
|
1,400.7
|
4,531.5
|
4,909.0
|
4,909.0
|
| Cost of sales |
(1,036.1)
|
(938.6)
|
(2,894.6)
|
(3,058.6)
|
(2,987.92)
|
| GROSS PROFIT |
609.1 |
462.1 |
1,636.9 |
1,850.4 |
1.921.1 |
| Selling, general and administrative |
(162.7) |
(144.1) |
(464.1) |
(501.1) |
(501.1) |
| Research and development |
(258.0) |
(229.2) |
(739.9) |
(757.0) |
(757.0) |
| Other income and expenses |
8.0 |
(17.2) |
(11.4) |
10.9 |
10.9 |
| Impairment and restructuring charges |
(11.6) |
(23.3) |
(29.6) |
(334.6) |
0.0 |
| Total Operating Expenses |
(424.3) |
(413.95) |
(1,245.07) |
(1,581.8) |
(1,247.2) |
| OPERATING INCOME (LOSS) |
184.8
|
48.2
|
391.9
|
268.6
|
673.9
|
| Net interest income (expense) |
(20.3) |
4.85 |
(51.5) |
1.3 |
1.3 |
| Equity in earnings of joint ventures |
(3.8)
|
(1.2)
|
(11.0)
|
(1.2)
|
(1.2)
|
INCOME BEFORE INCOME TAXES
AND MINORITY INTERESTS
|
160.7 |
42.2 |
329.4 |
266.1 |
671.4 |
| Income tax expense |
(29.0)
|
(6.2)
|
(57.9)
|
(51.8)
|
(123.6)
|
| INCOME BEFORE MINORITY INTERESTS |
1131.7
|
36.0
|
271.5
|
214.3
|
547.8
|
| Minority interests |
(0.57) |
(0.27) |
(2.7) |
(2.2) |
(2.0) |
| NET INCOME (LOSS) |
131.2
|
35.8
|
268.8
|
212.1
|
545.6
|
| |
|
|
|
|
|
| EARNINGS PER SHARE (BASIC) |
0.15
|
0.04
|
0.30
|
0.24
|
0.61
|
| EARNINGS PER SHARE (DILUTED) |
0.15
|
0.04
|
0.30
|
0.23
|
0.60
|
| |
|
|
|
|
|
NUMBER OF WEIGHTED AVERAGE
SHARES USED IN CALCULATING
DILUTED EARNINGS PER SHARE |
890.3
|
905.1
|
893.9
|
903.3
|
930.7
|
| The pro forma amounts have been adjusted to eliminate the following : |
|
|
|
|
|
| |
|
|
|
|
Nine Months Ended
Sept. 29 2001 |
| Excess inventory charge |
|
|
|
|
70.7 |
| Impairment and restructuring charges |
|
|
|
|
334.6 |
| Income tax effect |
|
|
|
|
(71.8)
|
| TOTAL |
|
|
|
|
333.5
|
|
|
|
