-----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, WJ5rpmIQe4DeZkDFVDk2uNbtaJLR+Pd8DHgxt6pBauG7tZ9ypANDIJgbJAwBjQcQ JwgjzaJLtQbmtMsk8qj20w== /in/edgar/work/20000705/0000950135-00-003507/0000950135-00-003507.txt : 20000920 0000950135-00-003507.hdr.sgml : 20000920 ACCESSION NUMBER: 0000950135-00-003507 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000705 ITEM INFORMATION: FILED AS OF DATE: 20000705 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BROOKS AUTOMATION INC CENTRAL INDEX KEY: 0000933974 STANDARD INDUSTRIAL CLASSIFICATION: [3559 ] IRS NUMBER: 043040660 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-25434 FILM NUMBER: 667500 BUSINESS ADDRESS: STREET 1: 15 ELIZABETH DRIVE CITY: CHELMSFORD STATE: MA ZIP: 01824 BUSINESS PHONE: 9782622566 MAIL ADDRESS: STREET 1: 15 ELIZABETH DRIVE CITY: CHELMSBORO STATE: MA ZIP: 01824 8-K 1 e8-k.txt BROOKS AUTOMATION INC. 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): July 5, 2000 ------------ Brooks Automation, Inc. ------------------------------------------------------ (Exact Name of Registrant as Specified in Its Charter) Delaware ---------------------------------------------- (State or Other Jurisdiction of Incorporation) 000-25434 04-3040660 - ------------------------ ------------------------------------ (Commission File Number) (I.R.S. Employer Identification No.) 15 Elizabeth Drive, Chelmsford, MA 01824 - -------------------------------------------------------------------------------- (978) 262-2400 ---------------------------------------------------- (Registrant's Telephone Number, Including Area Code) 2 ITEM 5. OTHER EVENTS On May 5, 2000, the Registrant acquired Irvine Optical Company LLC ("Irvine Optical") in a transaction accounted for as a pooling of interests. This Current Report on Form 8-K provides unaudited supplemental financial information of the Registrant, giving effect to this transaction on the Registrant's financial position and results of operations. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The results of operations for the three and six months ended March 31, 2000, are not necessarily indicative of the results that may be expected for other quarters or the entire fiscal year. Due to dissimilar fiscal year-ends, the Combined Consolidated Balance Sheets as of September 30, 1999 consist of the Registrant's Consolidated Balance as of September 30, 1999 and Irvine Optical's Balance Sheet as of December 31, 1999. The Combined Consolidated Statements of Operations for the year ended September 30, 1999 consist of the Registrant's Consolidated Statement of Operations for the year then ended and Irvine Optical's Statement of Operations for the year ended December 31, 1999. As a result of conforming dissimilar year-ends, Irvine Optical's results of operations for the three months ended December 31, 1999 are included in the Registrant's supplemental financial information for both the year ended September 30, 1999 and six months ended March 31, 2000. Irvine Optical's revenues and net income for that quarter were $4,116,000 and $139,000, respectively. This supplemental financial information is for the following periods: Combined Consolidated Balance Sheets as of March 31, 2000 Combined Consolidated Balance Sheets as of September 30, 1999 Combined Consolidated Statements of Operations for the six months ended March 31, 2000 Combined Consolidated Statement of Operations for the three months ended March 31, 2000 Combined Consolidated Statement of Operations for the three months ended December 31, 1999 Combined Consolidated Statements of Operations for the year ended September 30, 1999, the nine months ended June 30, 1999, the six months ended March 31, 1999 and the three months ended December 31, 1998 Combined Consolidated Statement of Operations for the three months ended September 30, 1999 Combined Consolidated Statement of Operations for the three months ended June 30, 1999 Combined Consolidated Statement of Operations for the three months ended March 31, 1999 Combined Consolidated Statement of Operations for the three months ended December 31, 1998 3 SIGNATURE 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, thereunto duly authorized. By: /s/ Ellen B. Richstone ---------------------- Ellen B. Richstone Senior Vice President of Finance and Administration and Chief Financial Officer Dated: July 5, 2000 4 BROOKS AUTOMATION, INC. SUPPLEMENTAL FINANCIAL INFORMATION COMBINED CONSOLIDATED BALANCE SHEETS EFFECT OF POOLING - IRVINE OPTICAL COMPANY LLC MARCH 31, 2000 (UNAUDITED) IN THOUSANDS
Brooks Irvine Automation Optical Combined ---------- ------- -------- ASSETS Current assets Cash and cash equivalents $ 256,790 $ (617) $ 256,173 Accounts receivable, net 67,287 3,759 71,046 Inventories 36,456 10,001 46,457 Prepaid expenses and other current assets 8,447 342 8,789 Deferred income taxes 5,539 -- 5,539 --------- --------- --------- Total current assets 374,519 13,485 388,004 Fixed assets, net 22,786 1,262 24,048 Intangible assets, net 56,881 2,469 59,350 Deferred tax asset 6,250 -- 6,250 Other assets 4,531 143 4,674 --------- --------- --------- Total assets $ 464,967 $ 17,359 $ 482,326 ========= ========= ========= LIABILITIES, MEMBERS' CAPITAL AND STOCKHOLDERS' EQUITY Current liabilities Notes payable $ 16,000 $ 120 $ 16,120 Current portion of long-term debt and capital lease obligations 516 -- 516 Revolving line of credit -- 6,803 6,803 Accounts payable 14,372 4,796 19,168 Deferred revenue 10,808 532 11,340 Accrued compensation and benefits 9,228 -- 9,228 Accrued acquisition-related and restructuring costs 3,463 -- 3,463 Accrued income taxes payable 6,481 -- 6,481 Accrued expenses and other current liabilities 15,947 990 16,937 --------- --------- --------- Total current liabilities 76,815 13,241 90,056 Long-term debt and capital lease obligations 562 -- 562 Senior subordinated note payable -- 5,881 5,881 Deferred income taxes 395 -- 395 Other long-term liabilities 739 291 1,030 --------- --------- --------- Total liabilities 78,511 19,413 97,924 --------- --------- --------- Minority interests 1,352 -- 1,352 --------- --------- --------- Members' capital -- 930 930 --------- --------- --------- Common stock 166 -- 166 Additional paid-in capital 408,085 -- 408,085 Cumulative translation adjustment (1,763) -- (1,763) Deferred compensation (50) -- (50) Accumulated deficit (21,334) (2,984) (24,318) --------- --------- --------- 385,104 (2,984) 382,120 --------- --------- --------- Total liabilities, members' capital and stockholders' equity $ 464,967 $ 17,359 $ 482,326 ========= ========= =========
5 BROOKS AUTOMATION, INC. SUPPLEMENTAL FINANCIAL INFORMATION COMBINED CONSOLIDATED BALANCE SHEETS EFFECT OF POOLING - IRVINE OPTICAL COMPANY LLC SEPTEMBER 30, 1999 (UNAUDITED) IN THOUSANDS
Brooks Irvine Automation Optical Combined ---------- ------- -------- ASSETS Current assets Cash and cash equivalents $ 66,366 $ -- $ 66,366 Accounts receivable, net 32,904 2,666 35,570 Inventories 28,917 9,357 38,274 Prepaid expenses and other current assets 2,999 581 3,580 Deferred income taxes 6,542 -- 6,542 --------- --------- --------- Total current assets 137,728 12,604 150,332 Fixed assets, net 17,434 751 18,185 Intangible assets, net 13,719 2,509 16,228 Deferred tax asset 4,192 -- 4,192 Other assets 4,072 791 4,863 --------- --------- --------- Total assets $ 177,145 $ 16,655 $ 193,800 ========= ========= ========= LIABILITIES, MEMBERS' CAPITAL AND STOCKHOLDERS' EQUITY Current liabilities Current portion of long-term debt and capital lease obligations $ 537 $ -- $ 537 Revolving line of credit -- 5,600 5,600 Notes payable -- 213 213 Accounts payable 6,993 5,479 12,472 Deferred revenue 6,127 752 6,879 Accrued compensation and benefits 4,909 -- 4,909 Accrued acquisition-related and restructuring costs 3,868 -- 3,868 Accrued income taxes payable 2,093 -- 2,093 Accrued expenses and other current liabilities 7,405 962 8,367 --------- --------- --------- Total current liabilities 31,932 13,006 44,938 Long-term debt and capital lease obligations 801 -- 801 Senior subordinated note payable 5,878 5,878 Deferred income taxes 174 -- 174 Other long-term liabilities 632 246 878 --------- --------- --------- Total liabilities 33,539 19,130 52,669 --------- --------- --------- Minority interests 1,460 -- 1,460 --------- --------- --------- Members' capital -- 930 930 --------- --------- --------- Common stock 128 -- 128 Additional paid-in capital 168,827 -- 168,827 Cumulative translation adjustment (1,093) -- (1,093) Deferred compensation (65) -- (65) Accumulated deficit (25,651) (3,405) (29,056) --------- --------- --------- 142,146 (3,405) 138,741 --------- --------- --------- Total liabilities, members' capital and stockholders' equity $ 177,145 $ 16,655 $ 193,800 ========= ========= =========
6 BROOKS AUTOMATION, INC. SUPPLEMENTAL FINANCIAL INFORMATION COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS EFFECT OF POOLING - IRVINE OPTICAL COMPANY LLC SIX MONTHS ENDED MARCH 31, 2000 (UNAUDITED) IN THOUSANDS, EXPECT PER SHARE DATA
Combined -------- Revenues Product $ 112,936 Services 21,017 --------- Total revenues 133,953 --------- Cost of revenues Product 59,036 Services 12,439 --------- Total cost of revenues 71,475 --------- Gross profit 62,478 --------- Operating expenses Research and development 18,100 Selling, general and administrative 29,296 Amortization of acquired intangibles 5,707 Acquisition-related and restructuring charges -- --------- Total operating expenses 53,103 --------- Income from operations 9,375 Interest income 1,682 Interest expense 793 Other income (expense) (10) --------- Income before income taxes and minority interests 10,254 Income tax provision 5,485 --------- Income before minority interests 4,769 Minority interests in loss of consolidated subsidiary (108) --------- Net income 4,877 Dividends and accretion on preferred stock -- --------- Net income attributable to common stockholders $ 4,877 ========= Earnings per share Basic $ 0.36 Diluted $ 0.34 Net income attributable to common stockholders before amortization of acquired intangible assets, net of taxes $ 9,970 Earnings per share attributable to common stockholders before amortization of acquired intangible assets Basic $ 0.74 Diluted $ 0.69 Shares used in computing earnings per share Basic 13,386 Diluted 14,387
7 BROOKS AUTOMATION, INC. SUPPLEMENTAL FINANCIAL INFORMATION COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS EFFECT OF POOLING - IRVINE OPTICAL COMPANY LLC THREE MONTHS ENDED MARCH 31, 2000 (UNAUDITED) IN THOUSANDS, EXPECT PER SHARE DATA
Brooks Irvine Automation Optical Combined ---------- ------- -------- Revenues Product $ 59,204 $ 6,547 $ 65,751 Services 13,806 -- 13,806 -------- -------- -------- Total revenues 73,010 6,547 79,557 -------- -------- -------- Cost of revenues Product 30,202 4,438 36,640 Services 8,786 -- 8,786 -------- -------- -------- Total cost of revenues 38,988 4,438 43,426 -------- -------- -------- Gross profit 34,022 2,109 36,131 -------- -------- -------- Operating expenses Research and development 9,770 592 10,362 Selling, general and administrative 15,208 758 15,966 Amortization of acquired intangibles 4,804 54 4,858 Acquisition-related and restructuring charges -- -- -- -------- -------- -------- Total operating expenses 29,782 1,404 31,186 -------- -------- -------- Income from operations 4,240 705 4,945 Interest income 1,039 -- 1,039 Interest expense 196 284 480 Other income 31 -- 31 -------- -------- -------- Income before income taxes and minority interests 5,114 421 5,535 Income tax provision 3,677 -- 3,677 -------- -------- -------- Income before minority interests 1,437 421 1,858 Minority interests in loss of consolidated subsidiary (15) -- (15) -------- -------- -------- Net income 1,452 421 1,873 Dividends and accretion on preferred stock -- -- -- -------- -------- -------- Net income attributable to common stockholders $ 1,452 $ 421 $ 1,873 ======== ======== ======== Earnings per share Basic $ 0.10 $ 0.13 Diluted $ 0.09 $ 0.12 Net income attributable to common stockholders before amortization of acquired intangible assets, net of taxes $ 5,960 $ 475 $ 6,435 Earnings per share attributable to common stockholders before amortization of acquired intangible assets Basic $ 0.43 $ 0.46 Diluted $ 0.39 $ 0.42 Shares used in computing earnings per share Basic 14,002 14,002 Diluted 15,362 15,362
8 BROOKS AUTOMATION, INC. SUPPLEMENTAL FINANCIAL INFORMATION COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS EFFECT OF POOLING - IRVINE OPTICAL COMPANY LLC THREE MONTHS ENDED DECEMBER 31, 1999 (UNAUDITED) IN THOUSANDS, EXPECT PER SHARE DATA
Brooks Irvine Automation Optical Combined ---------- ------- -------- Revenues Product $ 43,069 $ 4,116 $ 47,185 Services 7,211 -- 7,211 -------- -------- -------- Total revenues 50,280 4,116 54,396 -------- -------- -------- Cost of revenues Product 22,175 2,221 24,396 Services 3,653 -- 3,653 -------- -------- -------- Total cost of revenues 25,828 2,221 28,049 -------- -------- -------- Gross profit 24,452 1,895 26,347 -------- -------- -------- Operating expenses Research and development 7,140 598 7,738 Selling, general and administrative 12,501 829 13,330 Amortization of acquired intangibles 795 54 849 Acquisition-related and restructuring charges -- -- -- -------- -------- -------- Total operating expenses 20,436 1,481 21,917 -------- -------- -------- Income from operations 4,016 414 4,430 Interest income 643 -- 643 Interest expense 38 275 313 Other income (expense) (41) -- (41) -------- -------- -------- Income before income taxes and minority interests 4,580 139 4,719 Income tax provision 1,808 -- 1,808 -------- -------- -------- Income before minority interests 2,772 139 2,911 Minority interests in loss of consolidated subsidiary (93) -- (93) -------- -------- -------- Net income 2,865 139 3,004 Dividends and accretion on preferred stock -- -- -- -------- -------- -------- Net income attributable to common stockholders $ 2,865 $ 139 $ 3,004 ======== ======== ======== Earnings per share Basic $ 0.22 $ 0.24 Diluted $ 0.21 $ 0.22 Net income attributable to common stockholders before amortization of acquired intangible assets, net of taxes $ 3,342 $ 193 $ 3,535 Earnings per share attributable to common stockholders before amortization of acquired intangible assets Basic $ 0.26 $ 0.28 Diluted $ 0.25 $ 0.26 Shares used in computing earnings per share Basic 12,769 12,769 Diluted 13,411 13,411
9 BROOKS AUTOMATION, INC. SUPPLEMENTAL FINANCIAL INFORMATION COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS EFFECT OF POOLING - IRVINE OPTICAL COMPANY LLC YEAR ENDED SEPTEMBER 30, 1999, NINE MONTHS ENDED JUNE 30, 1999, SIX MONTHS ENDED MARCH 31, 1999 AND THREE MONTHS ENDED DECEMBER 31, 1998 (UNAUDITED) IN THOUSANDS, EXPECT PER SHARE DATA
Three months Six months Nine months Year ended ended ended ended December 31, March 31, June 30, September 30, 1998 1999 1999 1999 ------------ ---------- ----------- ------------- Revenues Product $ 16,930 $ 38,415 $ 61,610 $ 93,486 Services 4,654 9,450 15,309 21,469 --------- --------- --------- --------- Total revenues 21,584 47,865 76,919 114,955 --------- --------- --------- --------- Cost of revenues Product 10,221 21,803 34,964 51,568 Services 2,500 5,953 9,555 13,566 --------- --------- --------- --------- Total cost of revenues 12,721 27,756 44,519 65,134 --------- --------- --------- --------- Gross profit 8,863 20,109 32,400 49,821 --------- --------- --------- --------- Operating expenses Research and development 5,225 10,756 16,482 24,000 Selling, general and administrative 6,607 13,754 21,828 34,443 Amortization of acquired intangibles 54 108 162 565 Acquisition-related and restructuring charges -- -- -- 3,120 --------- --------- --------- --------- Total operating expenses 11,886 24,618 38,472 62,128 --------- --------- --------- --------- Loss from operations (3,023) (4,509) (6,072) (12,307) Interest income 771 1,538 2,325 3,150 Interest expense 382 800 1,151 1,515 Other income (expense) (18) (14) (121) (225) --------- --------- --------- --------- Loss before income taxes and minority interests (2,652) (3,785) (5,019) (10,897) Income tax provision (benefit) (197) (275) (337) (1,015) --------- --------- --------- --------- Loss before minority interests (2,455) (3,510) (4,682) (9,882) Minority interests in earnings (loss) of consolidated subsidiary -- -- 37 (40) --------- --------- --------- --------- Net loss (2,455) (3,510) (4,719) (9,842) Dividends and accretion on preferred stock (225) (387) (549) (654) --------- --------- --------- --------- Net loss attributable to common stockholders $ (2,680) $ (3,897) $ (5,268) $ (10,496) ========= ========= ========= ========= Loss per share Basic $ (0.24) $ (0.35) $ (0.47) $ (0.94) Diluted $ (0.24) $ (0.35) $ (0.47) $ (0.94) Net loss attributable to common stockholders before amortization of acquired intangible assets, net of taxes $ (2,626) $ (3,789) $ (4,788) $ (7,950) Loss per share attributable to common stockholders before amortization of acquired intangible assets Basic $ (0.24) $ (0.34) $ (0.43) $ (0.71) Diluted $ (0.24) $ (0.34) $ (0.43) $ (0.71) Shares used in computing loss per share Basic 11,087 11,100 11,110 11,192 Diluted 11,087 11,100 11,110 11,192
10 BROOKS AUTOMATION, INC. SUPPLEMENTAL FINANCIAL INFORMATION COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS EFFECT OF POOLING - IRVINE OPTICAL COMPANY LLC THREE MONTHS ENDED SEPTEMBER 30, 1999 (UNAUDITED) IN THOUSANDS, EXPECT PER SHARE DATA
Brooks Irvine Automation Optical Combined ---------- ------- -------- Revenues Product $ 27,760 $ 4,116 $ 31,876 Services 6,160 -- 6,160 -------- -------- -------- Total revenues 33,920 4,116 38,036 -------- -------- -------- Cost of revenues Product 14,383 2,221 16,604 Services 4,011 -- 4,011 -------- -------- -------- Total cost of revenues 18,394 2,221 20,615 -------- -------- -------- Gross profit 15,526 1,895 17,421 -------- -------- -------- Operating expenses Research and development 6,920 598 7,518 Selling, general and administrative 11,786 829 12,615 Amortization of acquired intangibles 349 54 403 Acquisition-related and restructuring charges 3,120 -- 3,120 -------- -------- -------- Total operating expenses 22,175 1,481 23,656 -------- -------- -------- Income (loss) from operations (6,649) 414 (6,235) Interest income 825 -- 825 Interest expense 89 275 364 Other income (expense) (104) -- (104) -------- -------- -------- Income (loss) before income taxes and minority interests (6,017) 139 (5,878) Income tax provision (benefit) (678) -- (678) -------- -------- -------- Income (loss) before minority interests (5,339) 139 (5,200) Minority interests in loss of consolidated subsidiary (77) -- (77) -------- -------- -------- Net income (loss) (5,262) 139 (5,123) Dividends and accretion on preferred stock (105) -- (105) -------- -------- -------- Net income (loss) attributable to common stockholders $ (5,367) $ 139 $ (5,228) ======== ======== ======== Loss per share Basic $ (0.47) $ (0.46) Diluted $ (0.47) $ (0.46) Net income (loss) attributable to common stockholders before amortization of acquired intangible assets, net of taxes $ (3,355) $ 193 $ (3,162) Loss per share attributable to common stockholders before amortization of acquired intangible assets Basic $ (0.29) $ (0.28) Diluted $ (0.29) $ (0.28) Shares used in computing loss per share Basic 11,438 11,438 Diluted 11,438 11,438
11 BROOKS AUTOMATION, INC. SUPPLEMENTAL FINANCIAL INFORMATION COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS EFFECT OF POOLING - IRVINE OPTICAL COMPANY LLC THREE MONTHS ENDED JUNE 30, 1999 (UNAUDITED) IN THOUSANDS, EXPECT PER SHARE DATA
Brooks Irvine Automation Optical Combined ----------- ------- -------- Revenues Product $ 20,569 $ 2,626 $ 23,195 Services 5,859 -- 5,859 -------- -------- -------- Total revenues 26,428 2,626 29,054 -------- -------- -------- Cost of revenues Product 11,088 2,073 13,161 Services 3,602 -- 3,602 -------- -------- -------- Total cost of revenues 14,690 2,073 16,763 -------- -------- -------- Gross profit 11,738 553 12,291 -------- -------- -------- Operating expenses Research and development 5,396 330 5,726 Selling, general and administrative 7,418 656 8,074 Amortization of acquired intangibles -- 54 54 Acquisition-related and restructuring charges -- -- -- -------- -------- -------- Total operating expenses 12,814 1,040 13,854 -------- -------- -------- Loss from operations (1,076) (487) (1,563) Interest income 787 -- 787 Interest expense 112 239 351 Other income (expense) (107) -- (107) -------- -------- -------- Loss before income taxes and minority interests (508) (726) (1,234) Income tax provision (benefit) (62) -- (62) -------- -------- -------- Loss before minority interests (446) (726) (1,172) Minority interests in earnings of consolidated subsidiary 37 -- 37 -------- -------- -------- Net loss (483) (726) (1,209) Dividends and accretion on preferred stock (162) -- (162) -------- -------- -------- Net loss attributable to common stockholders $ (645) $ (726) $ (1,371) ======== ======== ======== Loss per share Basic $ (0.06) $ (0.12) Diluted $ (0.06) $ (0.12) Net loss attributable to common stockholders before amortization of acquired intangible assets, net of taxes $ (327) $ (672) $ (999) Loss per share attributable to common stockholders before amortization of acquired intangible assets Basic $ (0.03) $ (0.09) Diluted $ (0.03) $ (0.09) Shares used in computing loss per share Basic 11,129 11,129 Diluted 11,129 11,129
12 BROOKS AUTOMATION, INC. SUPPLEMENTAL FINANCIAL INFORMATION COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS EFFECT OF POOLING - IRVINE OPTICAL COMPANY LLC THREE MONTHS ENDED MARCH 31, 1999 (UNAUDITED) IN THOUSANDS, EXPECT PER SHARE DATA
Brooks Irvine Automation Optical Combined ---------- ------- -------- Revenues Product $ 18,710 $ 2,775 $ 21,485 Services 4,796 -- 4,796 -------- -------- -------- Total revenues 23,506 2,775 26,281 -------- -------- -------- Cost of revenues Product 9,853 1,729 11,582 Services 3,453 -- 3,453 -------- -------- -------- Total cost of revenues 13,306 1,729 15,035 -------- -------- -------- Gross profit 10,200 1,046 11,246 -------- -------- -------- Operating expenses Research and development 5,179 352 5,531 Selling, general and administrative 6,386 761 7,147 Amortization of acquired intangibles -- 54 54 Acquisition-related and restructuring charges -- -- -- -------- -------- -------- Total operating expenses 11,565 1,167 12,732 -------- -------- -------- Loss from operations (1,365) (121) (1,486) Interest income 767 -- 767 Interest expense 92 326 418 Other income 4 -- 4 -------- -------- -------- Loss before income taxes and minority interests (686) (447) (1,133) Income tax provision (benefit) (78) -- (78) -------- -------- -------- Loss before minority interests (608) (447) (1,055) Minority interests in earnings of consolidated subsidiary -- -- -- -------- -------- -------- Net loss (608) (447) (1,055) Dividends and accretion on preferred stock (162) -- (162) -------- -------- -------- Net loss attributable to common stockholders $ (770) $ (447) $ (1,217) ======== ======== ======== Loss per share Basic $ (0.07) $ (0.11) Diluted $ (0.07) $ (0.11) Net loss attributable to common stockholders before amortization of acquired intangible assets, net of taxes $ (770) $ (393) $ (1,163) Loss per share attributable to common stockholders before amortization of acquired intangible assets Basic $ (0.07) $ (0.10) Diluted $ (0.07) $ (0.10) Shares used in computing loss per share Basic 11,113 11,113 Diluted 11,113 11,113
13 BROOKS AUTOMATION, INC. SUPPLEMENTAL FINANCIAL INFORMATION COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS EFFECT OF POOLING - IRVINE OPTICAL COMPANY LLC THREE MONTHS ENDED DECEMBER 31, 1998 (UNAUDITED) IN THOUSANDS, EXPECT PER SHARE DATA
Brooks Irvine Automation Optical Combined ---------- ------- -------- Revenues Product $ 15,398 $ 1,532 $ 16,930 Services 4,654 -- 4,654 -------- -------- -------- Total revenues 20,052 1,532 21,584 -------- -------- -------- Cost of revenues Product 8,987 1,234 10,221 Services 2,500 -- 2,500 -------- -------- -------- Total cost of revenues 11,487 1,234 12,721 -------- -------- -------- Gross profit 8,565 298 8,863 -------- -------- -------- Operating expenses Research and development 4,930 295 5,225 Selling, general and administrative 6,041 566 6,607 Amortization of acquired intangibles -- 54 54 Acquisition-related and restructuring charges -- -- -- -------- -------- -------- Total operating expenses 10,971 915 11,886 -------- -------- -------- Loss from operations (2,406) (617) (3,023) Interest income 771 -- 771 Interest expense 75 307 382 Other income (expense) (18) -- (18) -------- -------- -------- Loss before income taxes and minority interests (1,728) (924) (2,652) Income tax provision (benefit) (197) -- (197) -------- -------- -------- Loss before minority interests (1,531) (924) (2,455) Minority interests in earnings of consolidated subsidiary -- -- -- -------- -------- -------- Net loss (1,531) (924) (2,455) Dividends and accretion on preferred stock (225) -- (225) -------- -------- -------- Net loss attributable to common stockholders $ (1,756) $ (924) $ (2,680) ======== ======== ======== Loss per share Basic $ (0.16) $ (0.24) Diluted $ (0.16) $ (0.24) Net loss attributable to common stockholders before amortization of acquired intangible assets, net of taxes $ (1,756) $ (870) $ (2,626) Loss per share attributable to common stockholders before amortization of acquired intangible assets Basic $ (0.16) $ (0.24) Diluted $ (0.16) $ (0.24) Shares used in computing loss per share Basic 11,087 11,087 Diluted 11,087 11,087
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