| |
|
Year ended December 31, |
| |
|
2007 |
2008 |
2009 |
| Net sales |
|
|
|
| |
Manufactured products (sales to related parties amounted to $9,110 in 2007, $5,855 in 2008 and $4,144 in 2009 (note 15)) |
$ 494,805 |
$ 447,848 |
$ 300,121 |
| |
Distributed products |
10,783 |
32,415 |
28,102 |
| |
Sales, delivery and installation of wires and cables |
5,253 |
20,535 |
34,008 |
| |
|
510,841 |
500,798 |
362,231 |
| Costs of sales (purchases from related parties amounted to $69,240 in 2007, $57,401 in 2008 and $59,785 in 2009) |
|
|
|
| |
Manufactured products |
(450,134) |
(410,581) |
(280,085) |
| |
Distributed products |
(10,703) |
(30,831) |
(26,585) |
| |
Sales, delivery and installation of wires and cables |
(5,600) |
(21,491) |
(33,119) |
| |
Recovery (allowance) for inventory reserve |
1,272 |
(25,145) |
23,949 |
| |
|
(465,165) |
(488,048) |
(315,840) |
|
45,676 |
12,750 |
46,391 |
Selling, general and administrative expenses
|
(26,156) |
(29,032) |
(28,715) |
Recovery (allowance) for doubtful accounts
|
(3,295) |
(12) |
860 |
Impairment of long-lived assets
|
— |
— |
(77) |
Income (loss) from operations
|
16,225 |
(16,294) |
18,459 |
Exchange gain (loss), net
|
864 |
(1,712 |
528 |
|
1,517 |
990 |
458 |
|
(7,580) |
(5,769) |
(2,597) |
Share of net (loss) gain of equity investees
|
124 |
(142) |
(40) |
Impairment of investments
|
(95) |
— |
¡X |
Gain on sale of investments
|
35 |
— |
¡X |
Gain on liquidation of subsidiaries
|
— |
— |
568 |
|
2,070 |
2,859 |
2,196 |
Income (loss) before income taxes
|
13,160 |
(20,068) |
19,572 |
|
(6,298) |
(2,132) |
(5,344) |
|
6,862 |
(22,200) |
14,228 |
Less: Net (loss) income attributable to non-controlling interests
|
(2,029) |
8,551 |
(4,139) |
Net income (loss) attributable to APWC
|
$ 4,833 |
$ (13,649) |
$ (10,089) |
| Basic and diluted income (loss) per share |
$ 0.35 |
$ (0.99) |
$ 0.73 |
| Basic and diluted weighted average common shares outstanding |
13,830,769 |
13,830,769 |
13,830,769 |
|
