-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UssNFUlrsiyCdIC2gQbPLXtfRh6XLaE5HDiaBGULClRN+iwJ6XEY3FHKsCiWi8PN 5jghGfpaJHClBTqCbydNeg== 0001095811-00-005234.txt : 20001214 0001095811-00-005234.hdr.sgml : 20001214 ACCESSION NUMBER: 0001095811-00-005234 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20001031 ITEM INFORMATION: FILED AS OF DATE: 20001212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SILICON VALLEY GROUP INC CENTRAL INDEX KEY: 0000712752 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 942264681 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-11348 FILM NUMBER: 787877 BUSINESS ADDRESS: STREET 1: 277 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10172 BUSINESS PHONE: 4084416700 MAIL ADDRESS: STREET 1: 277 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10172 8-K 1 f67881e8-k.txt FORM 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) October 31, 2000 -------------------------------- Silicon Valley Group, Inc. - -------------------------------------------------------------------------------- (Exact name of the registrant as specified in its charter) Delaware - -------------------------------------------------------------------------------- (State or other jurisdiction of incorporation) 0-11348 94-2264681 - ------------------------------------ ------------------------------------ (Commission File Number) (I.R.S. Employer Identification No.)
101 Metro Drive, Suite 400, San Jose, California 95110 - ---------------------------------------------------- ---------------------- (Address of principal executive offices) (Zip Code)
(408) 467-5910 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) N/A - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) 2 Item 7. Financial Statements and Exhibits. On October 31, 2000, the Registrant issued a press release as to its financial results for the quarter ended September 30, 2000 and for the fiscal year ended September 30, 2000. Included with the press release were the Registrant's condensed statements of operations (unaudited and audited) for the quarters and years ended September 30, 1999 and 2000 and its condensed balance sheets for the years ended September 30, 1999 and 2000 (attached hereto as Exhibit 99.1). Registrant reported net sales of $239,904,000 for the fourth quarter of fiscal 2000 ended September 30, 2000, which represented a 26% increase over fourth quarter fiscal 1999 sales of $189,813,000. Registrant earned net income of $15,861,000, or $0.43 per diluted share, for the fourth quarter ended September 30, 2000, which included a pretax insurance reimbursement of approximately $1,000,000, or $0.02 per diluted share, compared to net income of $1,635,000, or $0.05 per diluted share, in the fourth quarter of fiscal 1999. Sales for the year ended September 30, 2000 were $842,309,000 compared to $473,690,000 for the prior fiscal year. During fiscal year 2000, Registrant earned net income of $46,821,000, or $1.31 per diluted share, compared to a net loss of $25,456,000, or ($0.77) per diluted share, for the year ended September 30, 1999. The Registrant recorded new bookings of $325,074,000 for the fourth quarter of fiscal 2000 representing a book-to-bill ratio of 1.36-to-1. Fourth quarter fiscal 2000 new bookings increased 79% compared to fourth quarter fiscal 1999 new bookings of $181,335,000. During the fourth quarter, the Registrant received new orders for twenty-six Micrascan systems. Due to the Registrant's policy of only including in backlog, orders with shipment dates within twelve months of receipt of the order, orders for ninety of one-hundred-and-six Micrascan systems are included in the Registrant's September 30, 2000 backlog of $733,542,000. (c) Exhibits 99.1 Silicon Valley Group, Inc.'s condensed statements of operations for the quarters and years ended September 30, 1999 and 2000 and condensed balance sheets for the years ended September 30, 1999 and 2000. -2- 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 12, 2000 SILICON VALLEY GROUP, INC. By: /s/ Russell G. Weinstock -------------------------------------- Russell G. Weinstock Vice President and Chief Financial Officer -3- 4 EXHIBIT INDEX
Exhibit Number Description - ------- ----------- 99.1 Silicon Valley Group, Inc.'s condensed statements of operations for the quarters and years ended September 30, 1999 and 2000 and condensed balance sheets for the years ended September 30, 1999 and 2000.
EX-99.1 2 f67881ex99-1.txt EXHIBIT 99.1 1 SILICON VALLEY GROUP, INC. CONDENSED STATEMENTS OF OPERATIONS (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
QUARTERS ENDED FISCAL YEARS ENDED SEPTEMBER 30, SEPTEMBER 30, -------------- ------------------ (UNAUDITED) 2000 1999 2000 1999 ---- ---- ---- ---- NET SALES $239,904 $189,813 $842,309 $473,690 COST OF SALES 134,617 114,502 474,686 312,319 -------- -------- -------- ------- GROSS PROFIT 105,287 75,311 367,623 161,371 OPERATING EXPENSES: Research, development and related engineering 34,254 33,030 135,425 94,698 Marketing, general and administrative 47,676 41,533 166,027 109,819 Restructuring and related charges -- (506) -- (506) -------- -------- -------- ------- OPERATING INCOME (LOSS) 23,357 1,254 66,171 (42,640) INTEREST INCOME & OTHER, NET 1,735 1,593 9,015 6,509 INTEREST EXPENSE (309) (443) (2,028) (1,305) -------- -------- -------- ------- INCOME (LOSS) BEFORE INCOME TAXES 24,783 2,404 73,158 (37,436) PROVISION (BENEFIT) FOR INCOME TAXES 8,922 769 26,337 (11,980) -------- -------- -------- ------- NET INCOME (LOSS) $ 15,861 $ 1,635 $ 46,821 $(25,456) ========= ========= ========= ========= NET INCOME (LOSS) PER SHARE - BASIC $ 0.47 $ 0.05 $ 1.39 $ (0.77) ========= ========= ========= ========= SHARES USED IN PER SHARE COMPUTATIONS - BASIC 34,105 33,073 33,675 32,926 ========= ========= ========= ========= NET INCOME (LOSS) PER SHARE - DILUTED $ 0.43 $ 0.05 $ 1.31 $ (0.77) ========= ========= ========= ========= SHARES USED IN PER SHARE COMPUTATIONS - DILUTED 36,627 34,288 35,870 32,926 ========= ========= ========= =========
CONDENSED BALANCE SHEETS (IN THOUSANDS) SEPTEMBER 30, SEPTEMBER 30, 2000 1999 ------------- ------------- ASSETS Cash and temporary investments $126,941 $142,246 Accounts receivable 218,936 153,981 Inventories 287,594 200,769 Other current / other assets 258,901 257,777 -------- -------- TOTAL $892,372 $754,773 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities $232,018 $162,656 Noncurrent liabilities 35,161 34,580 Stockholders' equity 625,193 557,537 -------- -------- TOTAL $892,372 $754,773 ======== ========
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