MOLX » Topics » Operating Expenses

These excerpts taken from the MOLX 10-K filed Aug 6, 2008.
Operating Expenses
 
Operating expenses for the three years ended June 30, 2008 were as follows (in thousands):
 
                         
    2008     2007     2006  
 
Selling, general & administrative
  $ 665,038     $ 658,289     $ 606,532  
Selling, general & administrative as a percentage of revenue
    20.0 %     20.1 %     21.1 %
Restructuring costs and asset impairments
    31,247       36,869       26,354  
 
Selling, general and administrative expense as a percentage of revenue was relatively consistent in fiscal 2008 compared with fiscal 2007 while organic net revenue declined. The impact of currency translation increased selling, general and administrative expenses by approximately $35.4 million for fiscal 2008 compared with fiscal 2007 and increased selling, general and administrative expenses by approximately $12.4 million for fiscal 2007 compared with fiscal 2006.
 
The decrease in selling, general and administrative expense as a percent of net revenue in fiscal 2008 compared with fiscal 2007 and in fiscal 2007 compared with fiscal 2006 was primarily due to a lower cost structure resulting from our restructuring initiative which began in fiscal 2007, lower incentive compensation expense in 2008 and 2007 and specific cost containment activities.
 
Research and development expenditures, which are classified as selling, general and administrative expense, were 4.9% of net revenue for fiscal years 2008, 2007 and 2006.
 
Operating
Expenses



 



Operating expenses for the three years ended June 30, 2008
were as follows (in thousands):


 
















































































                         

 

 

2008

 

 

2007

 

 

2006

 
 


Selling, general & administrative


 

$

665,038

 

 

$

658,289

 

 

$

606,532

 


Selling, general & administrative as a percentage of
revenue


 

 

20.0

%

 

 

20.1

%

 

 

21.1

%


Restructuring costs and asset impairments


 

 

31,247

 

 

 

36,869

 

 

 

26,354

 






 



Selling, general and administrative expense as a percentage of
revenue was relatively consistent in fiscal 2008 compared with
fiscal 2007 while organic net revenue declined. The impact of
currency translation increased selling, general and
administrative expenses by approximately $35.4 million for
fiscal 2008 compared with fiscal 2007 and increased selling,
general and administrative expenses by approximately
$12.4 million for fiscal 2007 compared with fiscal 2006.


 



The decrease in selling, general and administrative expense as a
percent of net revenue in fiscal 2008 compared with fiscal 2007
and in fiscal 2007 compared with fiscal 2006 was primarily due
to a lower cost structure resulting from our restructuring
initiative which began in fiscal 2007, lower incentive
compensation expense in 2008 and 2007 and specific cost
containment activities.


 



Research and development expenditures, which are classified as
selling, general and administrative expense, were 4.9% of net
revenue for fiscal years 2008, 2007 and 2006.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Aug 6, 2008
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