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ResMed Inc. Announces Record Financial Results For The Quarter Ended And Six Months Ended December 31, 2012
Date:1/24/2013

ny's future revenue, earnings or expenses, new product development and new markets for the Company's products, are subject to risks and uncertainties, which could cause actual results to materially differ from those projected or implied in the forward-looking statements. Those risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for its most recent fiscal year and in other reports the Company files with the U.S. Securities & Exchange Commission.  Those reports are available on the Company's website.

 ResMed Inc and SubsidiariesCondensed Consolidated Statements of Income (Unaudited)

(In US$ thousands, except per share data)

 Three Months Ended

December 31,

Six Months Ended

December 31,2012

2011

2012

2011Net revenue

$376,537

$332,738

$716,269

$647,513Cost of sales

143,825

134,023

274,909

263,743Gross profit

232,712

198,715

441,360

383,770Operating expenses:Selling, general and administrative

107,815

100,552

206,118

194,755Research and development

30,326

27,218

57,546

53,424Amortization of acquired intangible assets

2,501

3,691

5,138

7,462Total operating expenses

140,642

131,461

268,802

255,641Income from operations

92,070

67,254

172,558

128,129Other income (expenses), net:Interest income (expense), net

8,498

7,181

16,970

14,103Other, net

(2,168)

8,496

(227)

7,196Total other income (expenses), net

6,330

15,677

16,743

21,299Income before income taxes

98,400

82,931

189,301

149,428Income taxes

20,458

20,059


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SOURCE ResMed Inc.
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