Ion Geophysical Corp (IO) 2002年年度报告「NYSE」.pdf

1、T H E N E X T L E V E LT H E N E X T L E V E LtechnologyinnovationpeopleexpertiseAnnual Report2 0 0 2Seven MonthsEndedYear Ended December 31,December 31,Years Ended May 31,200220012000200019991998(In thousands,except per share data)Statement of Operations Data:Net sales$118,583$212,050$78,317$121,45

2、4$197,415$385,861Cost of sales99,624138,41558,982108,169204,998229,338Gross profit(loss)18,95973,63519,33513,285(7,583)156,523Operating expenses:Research and development28,75629,44216,05128,62542,78232,957Marketing and sales11,21811,6575,5068,75713,01011,822General and administrative19,16019,6958,12

3、721,88574,13228,295Amortization of intangibles and goodwill1,3944,9362,7577,8929,9476,008Impairment of long-lived assets6,87414,500Goodwill impairment15,12231,596Total operating expenses82,52465,73032,44198,755154,37179,082Earnings(loss)from operations(63,565)7,905(13,106)(85,470)(161,954)77,441Inte

4、rest expense(3,124)(695)(627)(826)(897)(1,081)Interest income2,2804,6854,5834,9307,9817,517Fair value adjustment of warrant obligation3,252Other income(expense)(798)5741761,306(370)(202)Earnings(loss)before income taxes(61,955)12,469(8,974)(80,060)(155,240)83,675Income tax expense(benefit)57,9193,12

5、81,332(6,097)(49,677)26,776Net earnings(loss)(119,874)9,341(10,306)(73,963)(105,563)56,899Preferred dividend9475,6323,0514,557Net earnings(loss)applicable to common shares$(120,821)$3,709$(13,357)$(78,520)$(105,563)$56,899Basic earnings(loss)per common share$(2.37)$0.07$(0.26)$(1.55)$(2.17)$1.29Weig

6、hted average number of common shares outstanding51,01551,16650,84050,71648,54043,962Diluted earnings(loss)per common share$(2.37)$0.07$(0.26)$(1.55)$(2.17)$1.28Weighted average number of diluted common shares outstanding51,01552,30950,84050,71648,54044,430Balance Sheet Data(end of year):Working capi