EX-99.3 4 b72344ccexv99w3.htm EX-99.3 H3C - SUMMARY FINANCIAL INFORMATION PROVIDED TO BANK LENDERS exv99w3
EXHIBIT 99.3
H3C Summary Financial Information Provided to Bank Lenders
H3C Holdings Limited
For the Fiscal Q2-2008 Ended June 30, 2008
(Unaudited; amounts in thousands except percentages)
                 
    Q2-08   Q2-07
Items
               
Sales
  $ 218,188     $ 187,101  
Gross Profit
  $ 129,939     $ 108,658  
Gross profit as a percent of sales
    59.6 %     58.1 %
Consolidated Adjusted EBITDA
  $ 76,542     $ 60,209  
Consolidated Adjusted EBITDA as a percent of sales
    35.1 %     32.2 %
Taxes
  $ 3,568     $ (4,398 )
Deferred income tax
  $ (899 )   $ (6,416 )
Consolidated Net Income
  $ 41,989     $ 30,444  
Net Income based on GAAP
  $ 41,989     $ 30,444  
Cash, Cash Equivalents and short term investments
  $ 443,245     $ 404,049  
Net property plant and equipment
  $ 19,993     $ 20,761  
Consolidated Working Capital
  $ 32,381     $ (50,136 )
Capital expenditure
  $ 2,767     $ 1,843  
Capital Expenditure as a percent of sales
    1.3 %     1.0 %
Increase in Consolidated Working Capital
  $ 82,517     $ (44,981 )
The result of Consolidated Adjusted EBITDA less
               
Consolidated Working Capital
  $ 44,161     $ 110,345  
Defined terms have the definitions ascribed to such terms in the Company’s senior secured credit agreement.