EX-99 5 tmospread1.txt Consolidated Statement of Operations (Unaudited) Six Months Ended ----------------------------------------------------- June 30, 2001 July 1, 2000
------------------------ ------------------------ (In thousands except per share amounts) Reported Adjusted (a) Reported Adjusted (a) ------------------------------------------------------------------------------------------------------------ Revenues $1,115,561 $1,115,561 $1,156,554 $1,156,554 ---------- ---------- ---------- ---------- Costs and Operating Expenses: Cost of revenues 622,245 608,968 621,710 621,710 Selling, general, and administrative expenses 292,043 292,043 315,792 315,792 Amortization of goodwill and other intangibles 23,622 23,622 20,862 20,862 Research and development expenses 89,071 89,071 94,546 94,546 Restructuring and other unusual costs (income), net 34,575 - (8,982) - ---------- ---------- ---------- ---------- 1,061,556 1,013,704 1,043,928 1,052,910 ---------- ---------- ---------- ---------- Operating Income 54,005 101,857 112,626 103,644 Interest Income 34,858 34,858 17,604 17,604 Interest Expense (39,384) (39,384) (44,652) (44,652) Other Income (Expense), Net 632 2,615 (5,255) 6,506 ---------- ---------- ---------- ---------- Income from Continuing Operations Before Provision for Income Taxes, Minority Interest, Extraordinary Item, and Cumulative Effect of Change in Accounting Principle 50,111 99,946 80,323 83,102 Provision for Income Taxes 19,668 39,020 33,925 33,138 Minority Interest Expense (Income) (799) 29 10,221 10,422 ---------- ---------- ---------- ---------- Income from Continuing Operations Before Extraordinary Item and Cumulative Effect of Change in Accounting Principle 31,242 60,897 36,177 39,542 Income from Discontinued Operations (net of income tax provision and minority interest of $4,197) - - 4,018 - Provision for Loss on Disposal of Discontinued Operations, net, (net of income tax benefit of $22,741) (50,440) - - - ---------- ---------- ---------- ---------- Income (Loss) Before Extraordinary Item and Cumulative Effect of Change in Accounting Principle (19,198) 60,897 40,195 39,542 Extraordinary Item (net of income tax provision of $333) - - 532 - ---------- ---------- ---------- ---------- Income (Loss) Before Cumulative Effect of Change in Accounting Principle (19,198) 60,897 40,727 39,542 Cumulative Effect of Change in Accounting Principle (net of income tax benefit and minority interest of $663 and $8,986) (994) - (12,918) - ---------- ---------- ---------- ---------- Net Income (Loss) $ (20,192) $ 60,897 $ 27,809 $ 39,542 ========== ========== ========== ========== Earnings per Share from Continuing Operations Before Extraordinary Item and Cumulative Effect of Change in Accounting Principle: Basic $ .17 $ .33 $ .23 $ .25 ========== ========== ========== ========== Diluted $ .17 $ .33 $ .22 $ .24 ========== ========== ========== ========== Earnings (Loss) per Share: Basic $ (.11) $ .33 $ .18 $ .25 ========== ========== ========== ========== Diluted $ (.11) $ .33 $ .17 $ .24 ========== ========== ========== ========== Diluted Cash Operating Earnings per Share (b) $ .44 $ .34 ========== ========== Weighted Average Shares: Basic 182,242 182,242 156,416 156,416 ========== ========== ========== ========== Diluted 186,117 186,594 157,616 157,616 ========== ========== ========== ==========
(a) Excludes restructuring and unusual items, the cumulative effect of change in accounting principle, results of discontinued operations, and in 2000, extraordinary item. (b) Excludes items from (a) and amortization of goodwill and other intangibles, net of tax and minority interest, of $20,929,000 and $15,737,000 in the six months ended June 30, 2001, and July 1, 2000, respectively. Segment Data (Unaudited) (c) Six Months Ended
--------------------------- (In thousands except percentage amounts) June 30, 2001 July 1, 2000 ------------------------------------------------------------------------------------------------------------ Life Sciences Revenues $ 411,730 $ 381,329 ---------- ---------- Operating Income 53,022 52,498 ---------- ---------- Operating Income Margin 12.9% 13.8% ---------- ---------- Cash Operating Income Margin 15.7% 16.0% ---------- ---------- Optical Technologies Revenues $ 269,097 $ 214,874 ---------- ---------- Operating Income 22,536 16,180 ---------- ---------- Operating Income Margin 8.4% 7.5% ---------- ---------- Cash Operating Income Margin 9.8% 8.8% ---------- ---------- Measurement and Control Revenues $ 443,553 $ 569,266 ---------- ---------- Operating Income 46,451 51,088 ---------- ---------- Operating Income Margin 10.5% 9.0% ---------- ---------- Cash Operating Income Margin 12.4% 10.6% ---------- ---------- Consolidated (including corporate costs) Revenues $1,115,561 $1,156,554 ---------- ---------- Operating Income 101,857 103,644 ---------- ---------- Operating Income Margin 9.1% 9.0% ---------- ---------- Cash Operating Income Margin 11.2% 10.8% ---------- ---------- (c) Operating income and operating income margins as stated exclude restructuring and unusual items. Cash operating income margins as stated exclude restructuring and unusual items, and amortization of goodwill and other intangibles.