PSEM » Topics » Results of Operations

This excerpt taken from the PSEM 10-Q filed Nov 13, 2006.

Results of Operations

The following table sets forth certain statement of operations data as a percentage of net revenues for the periods indicated.

 

     Three Months Ended  
    

September 30,

2006

    October 1,
2005
 
           (As Restated,
See Note 13)
 

Net revenues

   100.0 %   100.0 %

Cost of revenues

   66.2 %   66.6 %
            

Gross profit

   33.8 %   33.4 %
            

Operating expenses:

    

Research and development

   12.8 %   16.7 %

Selling, general and administrative

   18.8 %   18.6 %

Restructuring charge

   0.0 %   0.2 %
            

Total

   31.6 %   35.5 %
            

Income (loss) from operations

   2.2 %   (2.1 )%

Interest income

   4.2 %   4.0 %

Other than temporary decline in investment

   0.0 %   0.0 %
            

Income (loss) before income taxes

   6.4 %   1.9 %

Income taxes

   (2.0 )%   (0.6 )%

Minority interest in income of consolidated subsidiaries

   0.0 %   0.1 %

Equity in net income of investees

   0.9 %   1.4 %
            

Net income

   5.3 %   2.8 %
            

 

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This excerpt taken from the PSEM 10-K filed Sep 14, 2006.

RESULTS OF OPERATIONS

The following table sets forth certain statement of operations data as a percentage of net revenues for the periods indicated.

 

     Fiscal Year Ended  
     July 1,
2006
    July 2,
2005
    June 26,
2004
 

Net revenues

   100.0 %   100.0 %   100.0 %

Cost of revenues

   65.5     63.8     68.0  
                  

Gross margin

   34.5     36.2     32.0  
                  

Operating expenses:

      

Research and development

   14.6     19.8     21.3  

Selling, general and administrative

   17.5     19.5     22.6  

Restructuring charge

   0.1     0.4     1.2  
                  

Total operating expenses

   32.2     39.7     45.1  
                  

Income (loss) from operations

   2.3     (3.5 )   (13.1 )

Other income, net

   3.3     4.6     5.5  
                  

Income (loss) before income taxes

   5.6     1.1     (7.6 )

Income tax provision (benefit)

   1.7     0.0     (3.6 )

Minority interest in (income) loss of Consolidated subsidiary

   0.1     0.1     0.0  

Equity in net income of unconsolidated affiliates

   1.7     0.0     0.8  
                  

Net income (loss)

   5.7 %   1.2 %   (3.2 )%
                  

 

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This excerpt taken from the PSEM 10-Q filed Nov 15, 2005.

Results of Operations

 

The following table sets forth certain statement of operations data as a percentage of net revenues for the periods indicated.

 

     Three Months Ended

 
    

October 1,

2005


   

September 25,

2004


 
          

(As Restated,

See Note 15)

 

Net revenues

   100.0 %   100.0 %

Cost of revenues

   65.5 %   64.5 %
    

 

Gross profit

   34.5 %   35.5 %
    

 

Operating expenses:

            

Research and development

   17.8 %   19.9 %

Selling, general and administrative

   18.6 %   19.4 %

Restructuring charge

   0.2 %   0.0 %
    

 

Total

   36.6 %   39.3 %
    

 

Income (loss) from operations

   (2.1 )%   (3.8 )%

Interest income

   4.0 %   4.7 %
    

 

Income (loss) before income taxes

   1.8 %   0.9 %

Income tax (benefit)

   0.6 %   0.1 %

Minority interest in income (loss) of consolidated subsidiary

   0.1 %   0.0 %

Equity in net income (loss) of investees

   1.4 %   (0.6 )%
    

 

Net income (loss)

   2.8 %   0.2 %
    

 

 

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