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memc公布第四季及全年业绩

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发表于 2007-6-25 02:44:12 |显示全部楼层
圣.
PETERS, Mo., Jan. 25 /PRNewswire-FirstCall/ -- MEMC Electronic Materials, Inc. (NYSE: WFR) today reported financial results for the fourth quarter and year ended December 31, 2006.
彼得斯,2007年1月25日/prnewswire-firstcall/--memc电子材料股份有限公司(纽约证券交易所:田)今日报财务结果的第四季度和年度截至2006年12月31日.
Summary of fourth quarter results:
综述第四季结果:
  • Net sales of $420.5 million
    净销售额达420.5亿
  • Gross margin of $203.3 million (48.3% of net sales)
    毛利率达203.3万人(48.30%净销售额)
  • Operating income of $168.6 million (40.1% of net sales)
    经营收入达168.6亿元(40.1%的净销售额)
  • Cash and short-term investment balances of $585.5 million
    现金与短期投资余额为585.5亿
The Company reported fourth quarter net sales of $420.5 million, which represents an increase of 3.1% from the third quarter level of $407.9 million.
该公司报告第四季度净销售额达420.5亿美元,相比增加了3.1%,从第三季度的水平达407.9万元.
Gross margin in the quarter was $203.3 million, or 48.3% of net sales, compared to $192.5 million, or 47.2% of net sales, in the third quarter.
毛利率在第二季则为203.3亿美元,占48.3%的净销售额,比元至19250元或47.2%,净销售额,在第三季.
Operating expenses totaled $34.7 million in the quarter, or 8.2% of sales, compared to $31.8 million, or 7.8% of sales in the third quarter.
经营费用总额为34.7亿元的四分之一,或8.2%,销售费用,相比1998年为31.8万人,或7.8%的第三季度销售额.
Operating income in the quarter was $168.6 million, or 40.1% of net sales, compared to $160.7 million, or 39.4% of net sales, in the third quarter.
营业收入在本季度为1.686亿美元,或40.1%,净销售额则为607万美元,或39.4%,净销售额,在第三季.
Other income in the quarter includes a benefit of $21.3 million, reflecting the required end of period valuation of the Suntech warrants.
其他收入的四分之一,包括受益达21.3万人,反映要求期末估值的无锡尚德认股权证.
Using an estimated effective cash tax rate of 19%, non-GAAP net income for the fourth quarter of 2006 was $157.8 million and non-GAAP diluted EPS was $0.68.
使用估计现金有效税率为19%,非一般公认会计准则的净收入为2006年第四季度则为157.8亿美元,非公认会计原则稀释办事则为0.68.
Net income for the fourth quarter, using a book tax rate of 33.6%, was $129.0 million and diluted EPS was $0.56.
人均纯收入去年第四季度,用一本书,税率为33.6%,额为129.0万美元,摊薄EPS中0.56元.
Both GAAP and Non-GAAP EPS figures include $7.2 million in pre-tax stock compensation expense ($0.02 per share after tax) and $21.3 million in pre-tax benefit relating to the Suntech warrants ($0.06 per share after tax).
无论会计和非公认会计原则办事数字中包括720万美元的税前股票补偿费用(0.02元,每股税后)2,130万元税前利益有关的无锡尚德权证(0.06元,每股税后).
See non-GAAP reconciliation information at the end of this press release following the financial statement tables.
见非一般公认会计准则和解资料,截至本新闻稿以下财务报表表.
During the fourth quarter, the company generated operating cash flow of $153.7 million, or 36.6% of sales.
在第四季度,该公司经营产生的现金流量达153.7亿美元,占36.6%的销售.
Capital expenditures for the quarter totaled $51.6 million, or 12.3% of sales.
资本支出季已达51.6亿美元,占12.3%,销售.
Free cash flow (operating cash flow minus capital expenditures) was $102.1 million or 24.3% of sales.
自由现金流(营运现金流量减去资本支出)达10210万元或24.3%,销售.
MEMC ended the fourth quarter with cash and short-term investments of $585.5 million, compared to $451.9 million at the end of the prior quarter.
memc结束了第四季度的现金和短期投资额为585.5万美元,相比1998年为451.9万元,在年底前的四分之一.
Nabeel Gareeb, MEMC's chief executive officer said, "We are pleased with our performance this quarter as we achieved strong results in a very mixed business environment, where some of the semiconductor segments exhibited greater than anticipated weakness on a short-term basis. Revenue and earnings continued to grow at a solid pace, and our consistent cash flow generation has enabled cash and investment balances to exceed $585 million."
nabeelgareeb,memc的首席执行官说,"我们很满意我们的表现本季为我们取得良好的结果,在一种非常复杂的商业环境,一些地方的半导体部门表现较预期疲弱对一个短期的基础.收入和盈利持续生长在一个坚实的步伐,而我们一贯的现金流量一代使得现金和投资余额超过585亿元."
"For the full year 2006, MEMC grew revenue by almost 40%, resulting in the company crossing over the one-and-a-half billion dollar mark in revenues. Our financial performance and profitability improved significantly in almost every category in 2006 including operating profit, which more than doubled versus the prior year, gross margin which grew to a record $689 million, or almost 45% of sales, and non-GAAP EPS, which also more than doubled compared to 2005. In addition, we achieved a return on assets (net income divided by average total assets) greater than 25%, operating cash flow of 34% of sales and free cash flow of 25% of sales."
"全年2006年memc收入增长了将近40%,由此,在该公司横跨在为期一天半亿美元的收入.我们的财务表现和盈利能力显着改善几乎在每一个类别在2006年,包括主营业务利润,其中超过一倍,与前一年相比,毛利增长创纪录达689亿美元,占将近45%的销售额,非一般公认会计准则办事,这也扩大了一倍多,较2005年.此外,我们取得了资产回报率(净收入除以平均总资产)大于25%,营运现金流量的34%,销售和自由现金流量的25%,销售."
First Quarter & 2007 Outlook
第一季度与2007年展望
"The demand environment in the semiconductor industry continues to be mixed," continued Gareeb, "due to some customers continuing to work through their inventory issues, which are compounded by traditional seasonality of their demand. The solar market, however, continues to be strong, and our first deliveries of solar wafers commenced last week. Based on the indicated demand from our semiconductor and solar customers, we are targeting first quarter 2007 sales to be approximately $440 million. In addition, we are targeting margins to improve by approximately 200 basis points compared to the fourth quarter, with operating expense dollars staying approximately flat."
"的环境需求,在半导体业仍是好坏参半,"继续gareeb,"由于部分客户继续工作,通过它们的库存问题,这些都加重了传统的季节性需求.太阳能市场,但仍然强烈,我们的第一交货太阳能硅片已于上周.基于表示,从需求的半导体和太阳能客户,我们的目标是2007年第一季度销售额将约为440亿美元.此外,我们的目标是利润提高了约200个基点,比去年第四季度,与营业外支出计停留约单位."
"Based on market indicators, customer indications and our solar wafer delivery outlook, we have established the following targets for the full year 2007: revenue to be over $1.9 billion and non-GAAP EPS to be a little over $3, based on a cash tax rate in the mid-teens, a nd excluding any change in the Suntech warrant valuation. These targets assume a reasonably healthy demand environment for the markets w ith no significant economic issues during 2007."
"基于市场指标,客户指标,我们的太阳能硅片交付展望我们确立了以下目标进行了充分的2007年:收入将超过190亿元,非一般公认会计准则办事是一个很少超过3元,基于现金税率年代中期,13-14岁,一钕排除任何改变,在无锡尚德手令估价.这些指标假定一个合理健康的环境需求,为市场钨值勤并无重大经济问题,在2007年."
Longer-Term Targets
长远目标
"Reflecting on Phase I (the last five years) of MEMC's renewal, we are pleased with what we have accomplished so far. MEMC's sales on average have grown 20% per year, while earnings have grown from a loss position to approximately $2.00 per share (non-GAAP). Over the five years we have improved our return on capital employed to well over 30%, a nd our return on assets from negative territory to over 20%. In addition, w e have paid off virtually all of our debt, a nd consistently generate free cash flow. While we are pleased with our performance in Phase I of our renewal, w e are even more excited about our prospects over the next five years, a period that we are referring to as Phase II.
"反思期(过去五年)memc的延续问题,我们高兴地看到我们已经取得的成绩为止.memc的销售额平均增长每年20%,虽然收入有所增加,从一个位置亏损约为2.00元每股(非24,014).过去五年中,我们增强了资金的回报远远超过30%,一钕的资产收益率从负数超过20%.此外,钨权证已付清,我们几乎所有的债务,钕始终产生自由现金流.虽然我们很高兴同我们的表现在第一阶段的延续,钨权证更是兴奋,我们的前景,在未来五年内,期间,我们所针对的是第二期.
"Since 2002, we have provided investors with a long-term steady-state business model, which is intended to reflect our targets for future performance. This model, which was last revised in July 2005, has historically been in the form of margin percentages or ranges, has not included revenue growth, and was based primarily on the opportunities available to us from sales of semiconductor wafers."
"自2002年以来,我们已提供投资者提供长期稳定状态的经营模式,这是为了反映我们的目标,为未来的业绩.这种模式,而上次是在2005年7月历来的形式,保证金比例或范围,还没有列入税收增长而主要是基于现有的机会,我们从销售的半导体晶片."
"Our introduction of solar wafers has enabled opportunities for faster growth at equivalent or better profit levels. In addition, we continue to have opportunities to further reduce our existing wafer manufacturing costs. Both of these dynamics need to be reflected in a revised model for Phase II of MEMC's evolution. In the Phase I model, the lack of specific revenue targets caused uncertainty about our top line growth opportunities. As we grow to larger levels of revenue and aim for continued margin improvement, the ranges of margin percentage in the model would need to become wider to account for market uncertainty three to five years out. They could also unintentionally communicate artificial limits regarding our improvement potential. To provide greater clarity regarding our growth opportunities and avoid establishing artificial upper limits on our margin potential, we are moving from a generic percentage based model, that worked well for the first half of this decade, to a target based approach, similar to our annual guidance. For Phase II of MEMC's growth, we have established the following three to five year targets (barring any significant economic issues and assuming reasonable growth in the semiconductor and solar markets):
"我们引入太阳能硅片使得机会实现更快增长,在同等或更好的盈利水平.此外,我们仍然希望有机会能够进一步降低现有芯片的制造成本.这两方面的动力需要予以反映在修订后的示范,为第二阶段memc的演变.在第一阶段的模式,缺乏具体的收入目标,造成不明朗的顶线增长机会.正如我们成长较大级别收入为目的,不断提高保证金,靶场保证金比例模型将要成为扩大到市场的不确定性三五年了.他们还可以在无意之间沟通的人为界限,我们就改进潜力.提供更大的清晰度,对于我们成长机会和避免建立人工上限,对我们潜在的保证金,我们正在从一个通用的百分比为基础的模式,运作良好,今年上半年10年以目标为基础的办法,类似的年度指导.第二阶段memc的增长,我们已经确定了今后3至5年的目标(如无任何重大经济问题,并假设合理增长半导体和太阳能市场):
* Revenue between $3-$4 billion per year       * Operating expenses between $150-$200 million per year       * Non-GAAP EPS between $5 and $7 (assuming mid-teens cash tax rate, no         unusual benefits or losses,  with approximately the same number of         shares outstanding as today)       * Annual capital expenditures between 10%-15% of sales       * Net  cash position (cash and short-term investments minus debt)       * Improving margins (we will continue to provide specific margin guidance         on  a quarterly basis)
*收入介乎300至400亿美元*运作费用约为150元至200元*非一般公认会计准则办事500和700(假设中旬几岁现金税率,并没有不寻常的利益或损失,大约相同数目的股份未像今天)*年度资本支出的百分之十至十五的销售网*现金(现金和短期投资减去债务)*改善幅度(我们将继续提供保证金的具体指导每季)
Should we achieve the above targets, MEMC will achieve compound annual non-GAAP EPS growth in Phase II of approximately 30% or more.
要达到上述目标,memc将达到每年复合非一般公认会计准则办事增长期大约为30%或更多.
Combined with the accomplished results of Phase I, that would represent a compound annual growth rate in non-GAAP EPS of over 30% for almost a decade.
合并的结果完成了第一阶段的工作,这将是一个复合增长率,在非公认会计准则每股盈利超过30%,为近十年了.
"We have demonstrated strong results through the first half of this decade, through good markets and bad. Our financial, technological and strategic positioning continues to strengthen, and we are excited about our prospects as we anticipate Phase II of MEMC's evolution during the second half of this decade and beyond," concluded Gareeb.
"我们已经表现出了强大的结果,通过上半年的这十年中,通过良好的市场和坏.我们的金融,技术和战略定位,继续加强,我们感到兴奋的前景,我们预计二期memc的演变在下半年这十年以后,"gareeb结束.
See non-GAAP reconciliation information at the end of this press release following the financial statement tables.
见非一般公认会计准则和解资料,截至本新闻稿以下财务报表表.
Conference Call
电话会议
MEMC will host a conference call today, January 25, 2007, at 5:30 p.m. ET to discuss the company's fourth quarter and full year results and related business matters.
memc将举行一次会议,今天呼吁,2007年1月25日,下午5:30分内皮,讨论公司第四季度和全年业绩及相关业务事宜.
A live webcast will be available on the company's web site at http://www.memc.com/ir.
一个直播,可在该公司的网址http://www.memc.com/ir.
As a supplement to today's earnings conference call and this press release, we have included a few slides on the same page of our website that may be helpful to investors.
作为补充,以今天的收益电话会议和本新闻稿中,我们已把几个幻灯片,在同一页上的网站,可以帮助投资者.
Please go to the web site fifteen minutes prior to the call to register and view the slides.
请进入该网站的前十五分钟的电话登记,并查看幻灯片.
A replay of the conference call will be available from 7:30 p.m. ET on January 25, 2007, until 11:59 p.m. ET on February 1, 2007.
刚才的电话会议将于下午07时30分东部时间于2007年1月25日,直到下午11时59分东部时间于2007年2月1日.
To access the replay, please dial (203) 369-1666 at any time during that period.
进入回放,请拨(203)369-1666,在任何时间,在此期间.
A replay will also be available until 11:59 p.m. ET on February 1, 2007 on the company's web site at http://www.memc.com.
重演亦可直至下午11时59分东部时间年2月1日2007年该公司的网址http://www.memc.com.
About MEMC
约memc
MEMC is a global leader in the manufacture and sale of wafers and related intermediate products to the semiconductor and solar industries.
memc是一个全球领先的制造和销售晶片及相关的中间产品,以半导体和太阳能产业.
MEMC has been a pioneer in the design and development of wafer technologies over the past four decades.
memc已率先在设计和开发的晶圆技术,在过去四十年.
With R&D and manufacturing facilities in the U.S., Europe and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells.
研发和制造设施,在美国,欧洲及亚洲memc让下一代高性能半导体器件和太阳能电池.
Certain matters discussed in this news release are forward-looking statements, including our expectation that first quarter 2007 sales are targeted to be approximately $440 million, that margins are targeted to increase by approximately 200 basis points from the fourth quarter, with operating expense dollars staying approximately flat; that barring any significant economic issues, full year 2007 targets are revenue to be over $1.9 billion and non-GAAP EPS to be a little over $3.00 (based on a cash tax rate in the mid-teens and excluding any change in the Suntech warrant valuation); that barring any significant economic issues and assuming reasonable growth in the semiconductor and solar markets, we have established three to five year targets including revenue to be between $3-$4 billion per year and non-GAAP EPS to be between $5 and $7 (at mid-teens cash tax rate, no unusual benefits or losses, with approximately the same number of shares outstanding as today); that average annual capital expenditures will be between 10%-15% of sales; that operating expenses will be between $150-$200 million per year; that we will be in a net cash position; and that margins will be improving over 2006 levels.
讨论的某些问题,在这个消息发布的前瞻性声明,包括我们的期望是,2007年第一季度的销售对象是大约440万美元,到边缘对象增加了约200个基点,从去年第四季度,与营业外支出计停留大约单位;说,除非有重大经济问题,全年2007年的目标收入将超过190亿元,非一般公认会计准则办事是一个多3.00元(基于现金税率,在八月中旬几岁,不排斥任何改变,在无锡尚德手令估值);说,除非有重大经济问题,并假设合理的增长,半导体和太阳能市场我们已建立3至5年的目标,包括收入将介乎300至400亿美元,非公认会计原则办事将分别为500和700(中旬几岁现金税率,并没有不寻常的利益或损失,大约相同数目的股份未像今天);平均每年资本开支将在百分之十至十五的销售;经营开支将介乎150美元至200万美元不等;我们将在净现金状况;,而且幅度将提高超过2006年的水平.
Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.
这种表述涉及某些风险和不确定因素,可能导致实际结果产生重大差别,在这些前瞻性报表.
Potential risks and uncertainties include market demand for wafers and semiconductors as well as polysilicon; customer acceptance of our new products; utilization of manufacturing capacity; our ability to reduce manufacturing and operating costs; inventory levels of our customers; changes in the pricing environment for both silicon wafers and polysilicon; supply chain difficulties or problems; assumptions underlying management's financial estimates; general economic conditions; actions by competitors, customers and suppliers; changes in product specifications and manufacturing processes; changes in financial market conditions; changes in the composition of worldwide taxable income; the impact of competitive products and technologies; changes in interest and currency exchange rates and other risks described in the company's filings with the Securities and Exchange Commission.
潜在的风险和不确定因素,包括市场需求的芯片和半导体以及多晶硅;接受客户的新产品;利用制造能力;我们有能力,以降低生产和经营成本;库存水平,我们的顾客;改变定价环境,为单晶硅和多晶硅;供应链方面的困难或问题;假设管理部门的财务预算;一般经济状况;行动由竞争对手,客户和供应商;改变产品规格及制造工艺;改变金融市场条件;成分的变化世界范围应税所得;影响竞争力的产品和技术;变动利率和汇率风险和其他风险叙述本公司提交给证券交易委员会.
These forward-looking statements represent the company's judgment as of the date of this release.
这些前瞻性声明代表着公司的判决的日期此释放.
The company disclaims, however, any intent or obligation to update these forward-looking statements.
本公司概不过,任何意图或义务更新这些前瞻性声明.
MEMC ELECTRONIC MATERIALS, INC. AND SUBSIDIARIES      CONSOLIDATED STATEMENTS OF OPERATIONS      (Unaudited; Dollars in thousands, except share data)                                 Three Months Ended        Twelve Months Ended                        Dec. 31,   Sept. 30,    Dec. 31,   Dec. 31,  Dec. 31,  2006        2006         2005       2006      2005        Net sales        $420,546    $407,949    $303,441  $1,540,584 $ 1,107,379      Cost of goods       sold             217,250     215,441     192,748     851,637     740,861  Gross margin    203,296     192,508     110,693     688,947     366,518        Operating expenses:        Marketing and         ad ministration  25,892      22,774      20,812      94,852      76,316        Research and         development      8,763       9,072       8,400      35,819      33,209          Operating           income       168,641     160,662      81,481     558,276     256 ,993        Nonoperating       (income) expense:        Interest expense    416  199       1,705       2,428       7,256        Interest income  (6,207)     (4,227)     (1,572)    (14,672)     (4,156)        Currency losses      16         667         765       1,061         441        (Gain) loss on       fair value of         warrant        (21,299)      2,385           -     (18,914)          -        Other, net         (846)       (170)        134   (2,113)      1,077          Total           nonoperating           (income)           expense      (27,920)     (1,146)      1,032     (32,210)      4,618          Income before           income taxes           and minority           interests     96,561     16 1,808      80,449     590,486     252,375      Income tax       provision       (benefit)         66,051      68,329      27,787     214,833      (2,808)          Income before           minority           interests    130,510      93,479      52,662     375,653 255,183      Minority       interests         (1,560)     (2,432)     (2,449)     (6,365)     (5,830)          Net income   $128,950     $91,047     $50,213    $369,288    $249,353        Basic income per       share              $0.58       $0. 41       $0.23       $1.66       $1.17      Diluted income       per share          $0.56       $0.40       $0.22       $1.61       $1.10      Weighted average       shares used in       computing basic       income per      share        222,728,419 222,058,257 221,164,731 222,128,722 213,513,110      Weighted       average       shares used       in computing       diluted income       per share    230,330,246 229,713,394 228,284,71 5 229,743,349 226,449,944            MEMC ELECTRONIC MATERIALS, INC. AND SUBSIDIARIES      CONSOLIDATED BALANCE SHEETS      (Unaudited; Dollars in thousands)                                 December 31, September 30, December 31,                                             2006         2006         2005      ASSETS      Current assets:        Cash and cash equivalents          $527,520     $418,394  $126,494        Short-term investments               57,971       33,478       27,117        Accounts receivable, net            199,071      186,955      125,183        Inventories  80,179       96,055      119,956        Prepaid and other current assets     34,773       31,344       37,528            Total current assets            899,514      766,226      436,278      Property, plant and equipment, net    603,509      552,748     494,927      Deferred tax assets, net              119,457      152,986      165,570      Other assets                          1 43,044      118,194       51,328          Total assets                   $1,765,524   $1,590,154   $1,148,103        LIABILITIES AND STOCKHOLDERS'       EQUITY      Current liabilities:        Short-term borrowings and current         portion of long-term debt           $5,035     $5,100      $18,305        Accounts payable                    125,358      108,250      105,500        Accrued liabilities                  35,081       59,635       48,938        Deferred revenue                      5,221        5,069       14,558        A ccrued wages and salaries           32,781       34,549       25,987        Income taxes payable                 54,342       92,813       11,621          Total current liabilities         257,818      305,416      224,909      Long-term debt, less current po rtion   29,373       32,299       34,821      Pension and post-employment       lia bilities                           85,245       81,922       91,028      Deferred revenue                       68,105       67,261            -      Other liabilities                     119,528       71,482       41,362          Total liabilities                 5 60,069      558,380      392,120      Minority interests                     38,562       43,816       44,646      Commitments and contingencies      Stockholders' equity:        Preferred stock                           -            -            -        Common stock   2,240        2,229        2,223        Additional paid-in capital          242,538      214,017      191,535        Retained earnings                   933,805      798,042      557,704        Accumulated other comprehensive         loss                                (7,419)     (22,059)     ( 35,854)        Treasury stock                       (4,271)      (4,271)      (4,271)          Total stockholders' equity      1,166,893      987,958      711,337          Total liabilities and           stockholders' equity          $1,765,524   $1,590,154   $1,148,103            MEMC ELECTRONIC MA TERIALS, INC. AND SUBSIDIARIES      CONSOLIDATED STATEMENTS OF CASH FLOWS      (Unaudited; Dollars in thousands)                                       Three Months Ended      Twelve Months Ended                    Dec. 31, Sept. 30,  Dec. 31,  Dec. 31,  Dec. 31,                                 2006       2006      2005     2006      2005      Cash Flows from       Operating Activities:      Net  income               $128,950   $91,047   $50,213  $369,288  $249,353      Adjustments to reconcile       net income to net ca sh       provided by operating       activities:      Depreciation and       amortization              18,709    17,637    15,554    70,256    57,182      Minority interests          1 ,560     2,432     2,449     6,365     5,830      Stock compensation          7,078     4,542     1,483    19,026     2,156      Working capital and other  (2,558)   24,739    37,298    64,200     6,475        Net cash provided by          operating activities   153,739   140,397   106,997   529,135   320,996        Cash Flows from       Investing Activities:      Proceeds from sales and       maturities of investments 15, 830     2,088    27,209    32,213    46,254      Purchases of investmen ts  (44,359)   (4,242)  (17,825)  (61,970)  (37,885)      Capital expenditures      (51,630)  (33,985)  (21,171) (148,370) (162,738)      Proceeds from sale of       property, plant and    equipment                      -         -        15       145        21      Proceeds from insurance       settlement      -     3,750     1,736     3,750     1,736        Net cash used in         investing activities   (80,159)  (32,389)  (10,036) (174,232) (152,612)        Cash Flows from       Financing Activities:      Net short-term b orrowings       -      (240)   (1,302)  (13,209)   (9,054)      Proceeds from issuance       of long-term debt              -          -         -         -    60,000      Principal payments on       long-term debt            (2,559)        -   (78,509)   (5,250) (149,476)      Debt financing fees             -         -         -      -    (1,184)      Proceeds from issuance       of common stock           10,864       975     1,944    17,148    14,817      Proceeds from customer       deposits                  16,031    21,219     -    37,250         -      Dividend to minority       interest                       -         -         -    (5,636)   (9,546)      Excess tax benefits from       share-based payment       arrangements           8,157     1,052         -     9,209         -        Net cash provided by         (used in) financing         activities              32,493    23,006   (77,867)   39,512   (94,443)        Effect of exchange rate       changes on c ash and       cash equivalents           3,053     1,049      (232)    6,611     3,034        Net increase in cash and       cash equivalents         109,126   132,063    18,862   401,026  76,975      Cash and cash       equivalents at       beginning of period      418,394   286,331   107,632   126,494    49,519      Cash and cash       equivalents at end of       period         $527,520  $418,394  $126,494  $527,520  $126,494                          Reconciliation of GAAP Net Income and EPS                          to non-GAAP Net Income and EPS                     Net Income            EPS      GAAP                               $129.0             $0.56      Cash Tax Difference*                $28.8             $0.12      Non-GAAP                           $157.8             $0.68          * Our estimated cash tax rate is the estimated tax payable on our tax         returns as a percentage of estimated annual pre-tax book income.
memc电子材料,公司和子公司合并营业报表(未经审计;美元数千除共享数据)3个名额12个名额12月31日,9月30日,12月31日,12月31日,12月31日2006年2006年2005年2006年2005年的净销售额420546元,港币407949元,港币303441元1,540,5841,107,379售货成本215,441217250192748851637740861毛利203296192508110693688947366518经营费用:销售和广告谷2589222774208129485276316研究和开发8763907284003581933209营业收入16864116066255827681481256,除去非993(收入)费用:利息支出4161991,7052,4287,256利息收入(6207)(4,227)(572)(14,672)(4156)的货币损失166677651,061441(收益)损失公允价值的手令(21299)385(18914)-其他,净额(846)(170)134(2,113)1,077总非业务(收入)支出(27,920)(1,146)1,032(32210)4,618前收入所得税及少数股东权益96561161,80880449590486252375所得税拨款(补助)660516832927787214833(28.08)收入前少数股东权益93,47913051037565352662255183少数股东权益(1,560)(2,432)(2,449)(6365)(5830)净收入为128950元,91047元,50213元,369,288元,249353基本息每股港币0.58元,0.41元,0.23元,1.66元,1.17稀释息每股港币0.56元0.40元0.22元1.61元1.10加权平均股用于计算基本收入股222,728,419222,058,257221,164,731222,128,722213,513,110加权平均股用于计算收入稀释每股230,330,246229,713,394228,284,715229,743349226,449,944memc电子材料,公司及附属公司合并资产负债表(未经审计;美元千)12月31日,9月30日,2006年12月31日2006年2005年资产流动资产:现金和现金等价物527520元,港币418394$126,494短期投资579713347827117应收账款净额199071186955125183清单8017996055119956预付及其他流动资产34,7733134437528流动资产总额899514766226436278物业,厂房及设备净额603509552748494927递延所得税资产,净119457152986165570其他资产14304411819451328资产总额$1,765,524$1,590,154$1,148,103负债及股东权益流动负债:短期借款,目前部分长期债务5,035元5,100元,18305元,应付帐款125358108250105,500累计负债350815963548,938递延收入52215,06914558一2,769工资3278134,54925987所得税543429281311,621256,000流动负债合计257818305416224909长期债务,目前少宝递增293733229934821退休金和就业后的加速器3814852458192291028递延收入6810567261-其他负债1197148241362负债总额560069558380392120少数股东权益385624381644646承诺和突发股东权益:首选股票---普通股22402,2292,22335,698,478资本242538214017191535留存收益933805798042557704累计其他综合损失(7419)(22059)(35854)库藏股票(4271)(4271)(4271)总股东权益1,166,893987958711337总负债及股东权益$1,765,524$1,590,154$1,148,103memc电子马学习者,公司和子公司合并现金流量表(未经审计;美元千)止三个月止十二个月12月31日,9月30日,12月31日,12月31日,2006年12月31日2006年2005年2006年2005年经营活动之现金流量:净收入128950元,港币91047元,50213元,369,288元,249353调整调和净收入占净钙巯提供经营活动:折旧及摊销18,709176375547025657182少数股东权益15602,4322,44963655830股票补偿70784,5421,48319,0262,156周转金及其他(2,558)247393729847564,200提供的现金净额经营活动153739140397106997529135320996投资活动现金流量:销售收益期投资158302,08865,3984625432213购货直接投资系TS(44,359)(4242)(17825)(61970)(37885)资本支出(51630)(33985)(21171)(148370)(162738)的收益来自出售物业,厂房及设备-1514521所得保险理赔-3,7501,7363,7501,736净投资活动使用的现金(80159)(32389)(036)(174232)(152612)融资活动现金流量:短期净二orrowings-(240)(1,302)(13209)(054)从发行的长期债务---60,000本金偿还长期债务(2,559)-(78509)(5,250)(149476)债务融资费用----(1,184)从发行普通股10,8641,9449751714814817从客户存款1603121219-37250股利少数股东权益--(636)(9546)超额税受益份额的付款安排8,1571,052-9,209-提供的现金净额(使用)的融资活动3249323006(77867)39512(94443)效应汇率变动对三灰分和现金等价物3,0531,049(232)3,0346611净增加现金和现金等价物1091261320631886240102676975元现金和现金等价物的期初余额41839428633110763249519126,494现金及现金等价物期末余额527520元,港币418394元,126,494元,527520元,126,494和解公认会计准则的净收入和每股非公认会计准则的净收入和每股收益净收入办事公认129.0元,0.56元,现金差额税*28.8元,0.12元,非一般公认会计准则157.8元0.68元*我们估计现金税率估计税款,对我们报税的百分比估计每年税前收入书中.
The         annual cash tax rate is estimated quarterly by reference to book         taxable income and then taking into account temporary book/tax         differences and any tax basis items reflected on our annual tax         returns.
每年的现金税率预计每季参考书籍应税收入,然后考虑到临时图书/税务分歧和任何计税依据项目反映,我们每年报税.
The Q4 2006 estimated cash tax rate is 19%.
第四季的2006元现金,估计税率为19%.
The Q4 2006 book         tax rate is 33.6%, giving rise to a $28.8 million tax difference from         GAAP to non-GAAP EPS calculations as reflected in the above table.
在2006年第四季书的税率是33.6%,造成了2880万美元的税收差异,从会计原则,以非公认会计原则办事计算表所示.
Future years' projected non-GAAP EPS is based on a mid-teens cash tax         rate, no unusual benefits or losses and approximately the same number         of shares outstanding as today.
今后几年预计非一般公认会计准则办事,是基于中旬几岁现金税率不寻常的利益或损失和大约相同数目的股份未像今天这样.
Reconciliation to projected GAAP         numbers cannot be made at this time because the information necessary         to calculate this number is not now available to the Company.
和解会计预测号码不能在这个时候,因为必需的资料来计算,这个数目现在不提供给该公司.
SOURCE MEMC Electronic Materials, Inc.
memc源电子材料有限公司
01/25/2007
CONTACT: Bill Michalek, Director, Investor Relations of MEMC Electronic Materials, Inc., +1-636-474-5443
联系人:条例冢,导演投资者关系memc电子材料有限公司,+1-636-474-5443
4991 01/25/2007 16:01 EST http://www.prnewswire.com
49912007年1月25日16:01酯酶http://www.prnewswire.com
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