Exhibit 99.1
California Micro Devices Corporation
Registrant’s Financial Statement Adjustments for FY04 and First Six Months of FY05
California Micro Devices Corporation
RESTATEMENT ADJUSTMENTS TO BALANCE SHEET
(amounts in thousands)
(Unaudited)
June 30, 2003 | September 30, 2003 | December 31, 2003 | March 31, 2004 | June 30, 2004 | September 30, 2004 | |||||||||||||||||||
Inventories | ||||||||||||||||||||||||
As originally reported | $ | 3,434 | $ | 4,361 | $ | 5,407 | $ | 6,521 | $ | 6,883 | $ | 7,570 | ||||||||||||
Restated | 3,504 | 4,371 | 5,420 | 6,543 | 6,903 | 7,686 | ||||||||||||||||||
Increase (decrease) | 70 | 10 | 13 | 22 | 20 | 116 | ||||||||||||||||||
Accounts payable | ||||||||||||||||||||||||
As originally reported | 3,801 | 4,026 | 5,249 | 4,498 | 6,600 | 4,727 | ||||||||||||||||||
Restated | 3,933 | 4,181 | 5,465 | 4,705 | 6,833 | 5,003 | ||||||||||||||||||
Increase (decrease) | 132 | 155 | 216 | 207 | 233 | 276 | ||||||||||||||||||
Accrued liabilities | ||||||||||||||||||||||||
As originally reported | 2,771 | 3,554 | 3,770 | 4,560 | 2,451 | 2,495 | ||||||||||||||||||
Restated | 2,771 | 3,534 | 3,709 | 4,560 | 2,449 | 2,498 | ||||||||||||||||||
Increase (decrease) | — | (20 | ) | (61 | ) | — | (2 | ) | 3 | |||||||||||||||
Accumulated deficit | ||||||||||||||||||||||||
As originally reported | (67,665 | ) | (66,983 | ) | (64,458 | ) | (62,688 | ) | (60,730 | ) | (58,547 | ) | ||||||||||||
Restated | (67,727 | ) | (67,108 | ) | (64,600 | ) | (62,873 | ) | (60,941 | ) | (58,710 | ) | ||||||||||||
Increase (decrease) | (62 | ) | (125 | ) | (142 | ) | (185 | ) | (211 | ) | (163 | ) | ||||||||||||
California Micro Devices Corporation
RESTATEMENT ADJUSTMENTS TO CONDENSED STATEMENTS OF OPERATIONS
(amounts in thousands, except per share data)
(Unaudited)
THREE MONTHS ENDED | FISCAL 2004 | FISCAL 2005 | ||||||||||||||||||||||||||||||||||||||
June 30, 2003 | September 30, 2003 | December 31, 2003 | March 31, 2004 | June 30, 2004 | September 30, 2004 | Six Months Ended September 30, 2003 | Nine Months Ended December 31, 2003 | Year Ended March 31, 2004 | Six Months Ended September 30, 2004 | |||||||||||||||||||||||||||||||
Cost of sales | ||||||||||||||||||||||||||||||||||||||||
As originally reported | $ | 9,156 | $ | 9,986 | $ | 9,766 | $ | 9,280 | $ | 9,906 | $ | 10,273 | $ | 19,142 | $ | 28,908 | $ | 38,188 | $ | 20,179 | ||||||||||||||||||||
Restated | 9,218 | 10,065 | 9,789 | 9,301 | 9,934 | 10,179 | 19,283 | 29,072 | 38,373 | 20,113 | ||||||||||||||||||||||||||||||
Increase (decrease) | 62 | 79 | 23 | 21 | 28 | (94 | ) | 141 | 164 | 185 | (66 | ) | ||||||||||||||||||||||||||||
Research and development | ||||||||||||||||||||||||||||||||||||||||
As originally reported | 1,052 | 991 | 1,220 | 1,291 | 1,206 | 1,207 | 2,043 | 3,263 | 4,554 | 2,413 | ||||||||||||||||||||||||||||||
Restated | 1,052 | 987 | 1,219 | 1,296 | 1,206 | 1,250 | 2,039 | 3,258 | 4,554 | 2,456 | ||||||||||||||||||||||||||||||
Increase (decrease) | — | (4 | ) | (1 | ) | 5 | — | 43 | (4 | ) | (5 | ) | — | 43 | ||||||||||||||||||||||||||
Selling, general and administrative | ||||||||||||||||||||||||||||||||||||||||
As originally reported | 2,678 | 2,990 | 3,195 | 3,121 | 3,226 | 3,254 | 5,668 | 8,863 | 11,984 | 6,480 | ||||||||||||||||||||||||||||||
Restated | 2,678 | 2,978 | 3,190 | 3,138 | 3,225 | 3,256 | 5,656 | 8,846 | 11,984 | 6,481 | ||||||||||||||||||||||||||||||
Increase (decrease) | — | (12 | ) | (5 | ) | 17 | (1 | ) | 2 | (12 | ) | (17 | ) | — | 1 | |||||||||||||||||||||||||
Income taxes | ||||||||||||||||||||||||||||||||||||||||
As originally reported | — | — | 41 | (41 | ) | 61 | 67 | — | 41 | — | 128 | |||||||||||||||||||||||||||||
Restated | — | — | 41 | (41 | ) | 60 | 68 | — | 41 | — | 128 | |||||||||||||||||||||||||||||
Increase (decrease) | — | — | — | — | (1 | ) | 1 | — | — | — | — | |||||||||||||||||||||||||||||
Net income | ||||||||||||||||||||||||||||||||||||||||
As originally reported | (1,220 | ) | 682 | 2,525 | 1,770 | 1,958 | 2,183 | (538 | ) | 1,987 | 3,757 | 4,141 | ||||||||||||||||||||||||||||
Restated | (1,282 | ) | 619 | 2,508 | 1,727 | 1,932 | 2,231 | (663 | ) | 1,845 | 3,572 | 4,163 | ||||||||||||||||||||||||||||
Increase (decrease) | (62 | ) | (63 | ) | (17 | ) | (43 | ) | (26 | ) | 48 | (125 | ) | (142 | ) | (185 | ) | 22 | ||||||||||||||||||||||
Net income per share–basic | ||||||||||||||||||||||||||||||||||||||||
As originally reported | (0.08 | ) | 0.04 | 0.13 | 0.09 | 0.09 | 0.10 | (0.03 | ) | 0.11 | 0.21 | 0.20 | ||||||||||||||||||||||||||||
Restated | (0.08 | ) | 0.04 | 0.13 | 0.09 | 0.09 | 0.10 | (0.04 | ) | 0.11 | 0.20 | 0.20 | ||||||||||||||||||||||||||||
Increase (decrease) | — | — | — | — | — | — | (0.01 | ) | — | (0.01 | ) | — | ||||||||||||||||||||||||||||
Net income per share–diluted | ||||||||||||||||||||||||||||||||||||||||
As originally reported | (0.08 | ) | 0.04 | 0.12 | 0.08 | 0.09 | 0.10 | (0.03 | ) | 0.11 | 0.20 | 0.18 | ||||||||||||||||||||||||||||
Restated | (0.08 | ) | 0.03 | 0.12 | 0.08 | 0.08 | 0.10 | (0.04 | ) | 0.10 | 0.19 | 0.18 | ||||||||||||||||||||||||||||
Increase (decrease) | — | (0.01 | ) | — | — | (0.01 | ) | — | (0.01 | ) | (0.01 | ) | (0.01 | ) | — | |||||||||||||||||||||||||