-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LfM39LwKeKED0oUGd2eDgF3/oHDSbqD5S9fHEXpnGzh75aFEgnDTNsdgW4eiJwPO 25/nc6NpO8bjk/vIyvS9qA== 0000950137-05-013674.txt : 20051110 0000950137-05-013674.hdr.sgml : 20051110 20051110171610 ACCESSION NUMBER: 0000950137-05-013674 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051110 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051110 DATE AS OF CHANGE: 20051110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRIGHTPOINT INC CENTRAL INDEX KEY: 0000918946 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 351778566 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12845 FILM NUMBER: 051194951 BUSINESS ADDRESS: STREET 1: 501 AIRTECH PARKWAY CITY: PLAINFIELD STATE: IN ZIP: 46168 BUSINESS PHONE: 317-707-2520 MAIL ADDRESS: STREET 1: 501 AIRTECH PARKWAY CITY: PLAINFIELD STATE: IN ZIP: 46168 FORMER COMPANY: FORMER CONFORMED NAME: BRIGHTPOINT INC DATE OF NAME CHANGE: 20020201 FORMER COMPANY: FORMER CONFORMED NAME: BRIGHTPOINT INC DATE OF NAME CHANGE: 19950920 FORMER COMPANY: FORMER CONFORMED NAME: WHOLESALE CELLULAR USA INC DATE OF NAME CHANGE: 19940211 8-K 1 c99974e8vk.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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) November 10, 2005 --------------------------- BRIGHTPOINT, INC. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Indiana - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 0-23494 35-1778566 - -------------------------------------------------------------------------------- (Commission File Number) (IRS Employer Identification No.) 501 Airtech Parkway, Plainfield, Indiana 46168 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (317) 707-2355 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 7.01 REGULATION FD DISCLOSURE. Attached as Exhibit 99.1 and furnished for purposes of Regulation FD are unaudited quarterly consolidated statements of operations of Brightpoint, Inc. (the "Company"). The unaudited quarterly consolidated statements of operations reflect the classification of the Company's operations in France as discontinued operations in accordance with accounting principles generally accepted in the United States. This disclosure is to provide additional information to investors. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits 99.1 Brightpoint, Inc. Consolidated Statements of Operations SIGNATURES 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. Brightpoint, Inc. (Registrant) By: /s/ Anthony W. Boor ----------------------------- Anthony W. Boor Chief Financial Officer Date: November 10, 2005 EX-99.1 2 c99974exv99w1.htm CONSOLIDATED STATEMENTS OF OPERATIONS exv99w1
 

Exhibit 99.1
BRIGHTPOINT, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share data)
(Unaudited)
                         
    Three Months Ended  
    March 31,     June 30,     September 30,  
    2005     2005     2005  
Revenue
                        
Distribution revenue
   $ 401,388     $ 431,551     $ 470,961  
Logistic services revenue
     63,686       67,943       74,014  
 
                  
Total revenue
     465,074       499,494       544,975  
 
Cost of revenue
                        
Cost of distribution revenue
     385,029       416,758       453,956  
Cost of logistic services revenue
     52,840       53,222       59,341  
 
                  
Total cost of revenue
     437,869       469,980       513,297  
 
Gross profit
     27,205       29,514       31,678  
 
Selling, general and administrative expenses
     18,207       20,461       20,657  
Facility consolidation charge (benefit)
     1,203       —       (270 )
 
                  
Operating income from continuing operations
     7,795       9,053       11,291  
 
Interest expense (income), net
     81       (65 )     140  
Net other expenses
     144       258       129  
 
                  
Income from continuing operations before income taxes
     7,570       8,860       11,022  
 
Income tax expense
     2,429       2,188       2,749  
 
                  
Income from continuing operations
     5,141       6,672       8,273  
 
Discontinued operations:
                        
Loss from discontinued operations
     (2,605 )     (1,770 )     (15,452 )
Gain (loss) on disposal of discontinued operations
     337       (3 )     997  
 
                  
Total discontinued operations
     (2,268 )     (1,773 )     (14,455 )
 
                  
Net income (loss)
   $ 2,873     $ 4,899     $ (6,182 )
 
                  
 
Basic per share:
                        
Income from continuing operations
   $ 0.19     $ 0.25     $ 0.31  
Discontinued operations
     (0.08 )     (0.07 )     (0.54 )
 
                  
Net income (loss)
   $ 0.11     $ 0.18     $ (0.23 )
 
                  
 
Diluted per share:
                        
Income from continuing operations
   $ 0.19     $ 0.24     $ 0.30  
Discontinued operations
     (0.09 )     (0.06 )     (0.52 )
 
                  
Net income (loss)
   $ 0.10     $ 0.18     $ (0.22 )
 
                  
 
Weighted average common shares outstanding:
                        
Basic
     26,561       26,471       26,580  
 
                  
Diluted
     27,559       27,344       27,553  
 
                  

 

 

BRIGHTPOINT, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share data)
(Unaudited)
                                 
    Three Months Ended  
    March 31,     June 30,     September 30,     December 31,  
    2004     2004     2004     2004  
Revenue
                                
Distribution revenue
   $ 368,585     $ 389,508     $ 362,831     $ 402,793  
Logistic services revenue
     52,835       55,342       69,228       71,302  
 
                        
Total revenue
     421,420       444,850       432,059       474,095  
 
Cost of revenue
                                
Cost of distribution revenue
     355,625       374,995       349,564       383,935  
Cost of logistic services revenue
     44,291       46,064       56,628       56,558  
 
                        
Total cost of revenue
     399,916       421,059       406,192       440,493  
 
Gross profit
     21,504       23,791       25,867       33,602  
 
Selling, general and administrative expenses
     16,415       17,040       17,410       18,568  
Facility consolidation charge (benefit)
     —       (215 )     —       (21 )
 
                        
Operating income from continuing operations
     5,089       6,966       8,457       15,055  
 
Interest expense (income), net
     44       34       59       (174 )
Net other expenses
     490       383       229       424  
 
                        
Income from continuing operations before income taxes
     4,555       6,549       8,169       14,805  
 
Income tax expense
     1,414       1,748       2,547       4,543  
 
                        
Income from continuing operations
     3,141       4,801       5,622       10,262  
 
Discontinued operations:
                                
Loss from discontinued operations
     (1,128 )     (427 )     (860 )     (1,928 )
Loss on disposal of discontinued operations
     (4,234 )     (410 )     (215 )     (854 )
 
                        
Total discontinued operations
     (5,362 )     (837 )     (1,075 )     (2,782 )
 
                        
Net income (loss)
   $ (2,221 )   $ 3,964     $ 4,547     $ 7,480  
 
                        
 
Basic per share:
                                
Income from continuing operations
   $ 0.11     $ 0.17     $ 0.21     $ 0.38  
Discontinued operations
     (0.19 )     (0.03 )     (0.04 )     (0.10 )
 
                        
Net income (loss)
   $ (0.08 )   $ 0.14     $ 0.17     $ 0.28  
 
                        
 
Diluted per share:
                                
Income from continuing operations
   $ 0.11     $ 0.16     $ 0.20     $ 0.37  
Discontinued operations
     (0.18 )     (0.03 )     (0.04 )     (0.10 )
 
                        
Net income (loss)
   $ (0.07 )   $ 0.13     $ 0.16     $ 0.27  
 
                        
 
Weighted average common shares outstanding:
                                
Basic
     28,905       28,574       26,915       26,937  
 
                        
Diluted
     29,911       29,434       27,796       27,854  
 
                        

 

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