| Income Statement for Adaptec Inc.
(ADPT)
|
|
|
|
|
|
|
| Income |
in Thousands of Dollars |
|
|
03/2009 |
03/2008 |
03/2007 |
03/2006 |
03/2005 |
|
| Operating Revenue |
114,774 |
167,400 |
255,208 |
310,145 |
474,990 |
| Adjustments to Revenue |
- |
- |
- |
- |
- |
| Cost of Revenue |
(58,370) |
(99,566) |
(162,644) |
(184,534) |
(261,409) |
| Gross Operating Profit |
56,404 |
67,834 |
92,564 |
125,611 |
213,581 |
|
| Selling/General/Admin Expense |
(34,995) |
(57,351) |
(61,325) |
(64,989) |
(82,445) |
| Research & Development |
(26,929) |
(39,804) |
(56,573) |
(60,895) |
(113,771) |
| EBITDA |
(5,520) |
(29,321) |
(25,334) |
(273) |
17,365 |
| Depreciation & Amortization |
(24,748) |
(8,254) |
(17,326) |
(24,511) |
(50,636) |
| EBIT |
(30,268) |
(37,575) |
(42,660) |
(24,784) |
(33,271) |
| Interest Income |
21,008 |
31,335 |
24,362 |
17,621 |
8,369 |
| Other Income, Net |
- |
3,371 |
(13,444) |
(1,579) |
290 |
| Total Income Avail For Interest Expense |
(15,352) |
(9,142) |
(35,453) |
(109,774) |
(87,980) |
| Interest Expense |
(1,229) |
(3,646) |
(3,405) |
(3,314) |
(4,439) |
| Pre-Tax Income |
(16,581) |
(12,788) |
(38,858) |
(113,088) |
(92,419) |
| Income Taxes |
2,605 |
2,694 |
63,704 |
(1,608) |
(52,687) |
| Minority Interest |
- |
- |
- |
- |
- |
| Net Income from Continuing Operations |
(13,976) |
(10,094) |
24,846 |
(114,696) |
(145,106) |
| Net Income from Discontinued Operations |
3,786 |
479 |
5,997 |
(33,736) |
- |
| Net Income from Total Operations |
(10,190) |
(9,615) |
30,843 |
(148,432) |
(145,106) |
|
| Normalized Income |
(7,884) |
(3,821) |
28,557 |
(13,664) |
(81,738) |
| Extraordinary Income |
- |
- |
- |
- |
- |
| Special Income/Charges |
(6,092) |
(6,273) |
(3,711) |
(101,032) |
(63,368) |
| Income from Cum. Effect of Acct Change |
- |
- |
- |
- |
- |
| Income from Tax Loss Carryforward |
- |
- |
- |
- |
- |
| Other Gains |
- |
- |
- |
- |
- |
| Total Net Income |
(10,190) |
(9,615) |
30,843 |
(148,432) |
(145,106) |
|
| Results |
in Dollars (Preferred Dividends in Thousands) |
|
|
03/2009 |
03/2008 |
03/2007 |
03/2006 |
03/2005 |
|
| Dividends Paid Per Share |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Preferred Dividends |
- |
- |
- |
- |
- |
|
| Basic EPS from Continuing Operations |
-0.12 |
-0.09 |
0.21 |
-1.01 |
-1.31 |
| Basic EPS from Discontinued Operations |
0.03 |
0.00 |
0.05 |
-0.30 |
0.00 |
| Basic EPS from Total Operations |
-0.09 |
-0.09 |
0.26 |
-1.31 |
-1.31 |
|
| Diluted EPS from Continuing Operations |
-0.12 |
-0.09 |
0.20 |
-1.01 |
-1.31 |
| Diluted EPS from Discontinued Operations |
0.03 |
0.00 |
0.04 |
-0.30 |
0.00 |
| Diluted EPS from Total Operations |
-0.09 |
-0.09 |
0.24 |
-1.31 |
-1.31 |
|
|
|
