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Previous: FIRST TRUST SPECIAL SITUATIONS TRUST SER 116, 497J, 2000-07-05 |
Next: BROOKS AUTOMATION INC, S-8, 2000-07-05 |
<PAGE> 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)
<PAGE> 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
<PAGE> 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
<PAGE> 4
BROOKS AUTOMATION, INC.
SUPPLEMENTAL FINANCIAL INFORMATION
COMBINED CONSOLIDATED BALANCE SHEETS
EFFECT OF POOLING - IRVINE OPTICAL COMPANY LLC
MARCH 31, 2000
(UNAUDITED)
IN THOUSANDS
<TABLE>
<CAPTION>
Brooks Irvine
Automation Optical Combined
---------- ------- --------
<S> <C> <C> <C>
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
========= ========= =========
</TABLE>
<PAGE> 5
BROOKS AUTOMATION, INC.
SUPPLEMENTAL FINANCIAL INFORMATION
COMBINED CONSOLIDATED BALANCE SHEETS
EFFECT OF POOLING - IRVINE OPTICAL COMPANY LLC
SEPTEMBER 30, 1999
(UNAUDITED)
IN THOUSANDS
<TABLE>
<CAPTION>
Brooks Irvine
Automation Optical Combined
---------- ------- --------
<S> <C> <C> <C>
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
========= ========= =========
</TABLE>
<PAGE> 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
<TABLE>
<CAPTION>
Combined
--------
<S> <C>
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
</TABLE>
<PAGE> 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
<TABLE>
<CAPTION>
Brooks Irvine
Automation Optical Combined
---------- ------- --------
<S> <C> <C> <C>
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
</TABLE>
<PAGE> 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
<TABLE>
<CAPTION>
Brooks Irvine
Automation Optical Combined
---------- ------- --------
<S> <C> <C> <C>
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
</TABLE>
<PAGE> 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
<TABLE>
<CAPTION>
Three months Six months Nine months Year
ended ended ended ended
December 31, March 31, June 30, September 30,
1998 1999 1999 1999
------------ ---------- ----------- -------------
<S> <C> <C> <C> <C>
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
</TABLE>
<PAGE> 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
<TABLE>
<CAPTION>
Brooks Irvine
Automation Optical Combined
---------- ------- --------
<S> <C> <C> <C>
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
</TABLE>
<PAGE> 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
<TABLE>
<CAPTION>
Brooks Irvine
Automation Optical Combined
----------- ------- --------
<S> <C> <C> <C>
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
</TABLE>
<PAGE> 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
<TABLE>
<CAPTION>
Brooks Irvine
Automation Optical Combined
---------- ------- --------
<S> <C> <C> <C>
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
</TABLE>
<PAGE> 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
<TABLE>
<CAPTION>
Brooks Irvine
Automation Optical Combined
---------- ------- --------
<S> <C> <C> <C>
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
</TABLE>
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