6-K 1 t17154e6vk.txt 6-K ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of: August, 2005 Commission File Number: 000-29872 ATI TECHNOLOGIES INC. (Name of Registrant) 1 COMMERCE VALLEY DRIVE EAST MARKHAM, ONTARIO CANADA L3T 7X6 (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F [ ] Form 40-F [X] Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ________ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ________ Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ ] No [X] If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): ================================================================================ INCORPORATION BY REFERENCE The ATI Technologies Articles of Continuance dated January 31, 2005 (Exhibit 99.1) and By-law 1 effective January 31, 2005, (Exhibit 99.2) of this Form 6-K Commission File No. 000-29872 furnished to the Commission August 9, 2005, are incorporated by reference into each of the Registrant's registration statements on Form S-8, Commission File Nos. 333-106791, 333-13450, 333-11808 and 333-09576. 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. ATI TECHNOLOGIES INC. Date: August 9, 2005 By: /s/ Patrick Crowley ------------------------------------- Name: Patrick Crowley Title: Senior Vice President, Finance and Chief Financial Officer EXHIBIT INDEX

~~Document~~Exhibit ~~Page~~Description ~~Number~~of ~~Press~~Exhibit ~~Release~~------- ---------------------- 99.1 ATI Technologies Inc. Articles of Continuance dated ~~June~~January 2331, 2005 399.2 ~~Signature~~ATI ~~Page~~Technologies Inc. By-law 1 effective January 31, 2005

--------------------------- --------------------------------------------------------------------------- Three months ended May 31, 2005 --------------------------- -------------------------------------- ------------------------------------ Excluding Stock-Based Compensation Including Stock-Based Compensation Costs Costs (GAAP) --------------------------- -------------------------------------- ------------------------------------ Net income (loss) $8.5 million $(0.4 million) --------------------------- -------------------------------------- ------------------------------------ Net income per share $0.03 $0.00 --------------------------- -------------------------------------- ------------------------------------

--------------------- ----------------------------------------------- --------------------------------------------- Revenues ($000) Three Months Ended May 31 Nine Months Ended May 31 --------------------- ---------------- --------------- -------------- ---------------- ------------- -------------- 2005 2004 Change (%) 2005 2004 Change (%) --------------------- ---------------- --------------- -------------- ---------------- ------------- -------------- PC 460,673 433,611 6% 1,528,851 1,281,501 19% --------------------- ---------------- --------------- -------------- ---------------- ------------- -------------- Consumer 69,562 57,846 20% 223,431 142,998 56% --------------------- ---------------- --------------- -------------- ---------------- ------------- -------------- Total 530,235 491,457 8% 1,752,282 1,424,499 23% --------------------- ---------------- --------------- -------------- ---------------- ------------- --------------

------------------------------ ----------------- ------------------ --------------- Q3 2005 Q3 2004 Change (%) ------------------------------ ----------------- ------------------ --------------- Gross Margin ($000) 154,429 172,539 (10%) ------------------------------ ----------------- ------------------ --------------- Percentage of Revenues 29.1% 35.1% (6%) ------------------------------ ----------------- ------------------ ---------------

--------------------------------------- ------------- ---------------- ------------- --------------- ----------------- Select Operating Expenses Q3 2005 As % of Q3 2004 As % of Change ($000) Revenues Revenues Y-o-Y --------------------------------------- ------------- ---------------- ------------- --------------- ----------------- --------------------------------------- ------------- ---------------- ------------- --------------- ----------------- Research and development 88,508 16.7% 65,539 13.3% 35% --------------------------------------- ------------- ---------------- ------------- --------------- ----------------- Selling and marketing 37,744 7.1% 31,243 6.4% 21% --------------------------------------- ------------- ---------------- ------------- --------------- ----------------- Administrative 16,013 3.0% 12,166 2.5% 32% --------------------------------------- ------------- ---------------- ------------- --------------- -----------------

Q3 2005 Q2 2005 Q1 2005 Q4 2004 Q3 2004 Q2 2004 Q1 2004 Q4 2003 ----- ------------------------------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- ---------- $ $ $ $ Revenues $ 530,235 $ 608,188 613,859 $ 572,218 491,457 $ 463,337 469,705 380,674 Cost of goods sold 375,806 399,885 405,009 379,836 318,918 302,914 302,134 246,643 ---------- ----------- ---------- ----------- ---------- ----------- ---------- ---------- Gross margin 154,429 208,303 208,850 192,382 172,539 160,423 167,571 134,031 Expenses Selling and marketing 37,744 36,352 33,125 29,244 31,243 27,031 30,079 26,176 Research and development 88,508 77,726 73,114 75,865 65,539 60,809 63,278 61,285 Administrative 16,013 15,793 12,676 11,517 12,166 11,532 11,487 10,557 Amortization of intangible assets 3,046 1,389 1,244 1,486 1,546 1,541 1,542 1,271 Stock-based compensation 10,395 10,329 10,558 1,691 2,315 2,826 751 0 Other charges (recoveries) 1,351 278 382 155 (454) (178) 173 10,440 ---------- ----------- ---------- ----------- ---------- ----------- ---------- ---------- 157,057 141,867 131,099 119,958 112,355 103,561 107,310 109,729 ---------- ----------- ---------- ----------- ---------- ----------- ---------- ---------- Income (loss) from operations (2,628) 66,436 77,751 72,424 60,184 56,862 60,261 24,302 Interest and other income (loss) 3,914 3,624 2,176 2,815 1,340 1,856 (1,754) 714 Gain (loss) on investments 0 880 0 0 (1,307) 0 0 3,844 Interest expense (525) (537) (519) (499) (513) (531) (515) (516) ---------- ----------- ---------- ----------- --------- ---------- --------- --------- Income before income taxes 761 70,403 79,408 74,740 59,704 58,187 57,992 28,344 Income taxes 1,206 13,210 15,705 13,584 11,085 10,602 10,553 6,050 ---------- ---------------------- ----------- ---------- ----------- ---------- ---------- Net income (loss) $ (445) $ 57,193 $ 63,703 $ 61,156 $ 48,619 $ 47,585 $ 47,439 $ 22,294 ========== =========== ========== =========== ========== =========== ========== ========== ----- ------------------------------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- ---------- Net income per share Basic $ 0.00 $ 0.23 $ 0.26 $ 0.25 $ 0.20 $ 0.19 $ 0.20 $ 0.09 Diluted $ 0.00 $ 0.22 $ 0.25 $ 0.24 $ 0.19 $ 0.19 $ 0.19 $ 0.09 ----- ------------------------------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- ---------- Weighted average number of shares (000's) Basic 251,602 251,046 249,027 247,699 245,960 244,373 242,998 240,647 Diluted 251,602 259,743 257,917 258,198 256,650 255,876 254,109 249,525 Outstanding number of shares at the end of the period (000's) 252,845 252,258 251,324 249,287 247,886 246,604 244,239 241,742 ----- ------------------------------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------

---------------------------------------------------------------------------------------------------------------------------------- Three months ended Nine months ended May 31 May 31 May 31 May 31 2005 2004 2005 2004 ---------------------------------------------------------------------------------------------------------------------------------- Revenues $ 530,235 100.0% $ 491,457 100.0% $ 1,752,282 100.0% $ 1,424,499 100.0% Cost of goods sold 375,806 70.9% 318,918 64.9% 1,180,700 67.4% 923,966 64.9% ---------------------------------------------------------------------------------------------------------------------------------- Gross margin 154,429 29.1% 172,539 35.1% 571,582 32.6% 500,533 35.1% Expenses Selling and marketing 37,744 7.1% 31,243 6.4% 107,221 6.1% 88,353 6.2% Research and development 88,508 16.7% 65,539 13.3% 239,348 13.7% 189,626 13.3% Administrative 16,013 3.0% 12,166 2.5% 44,482 2.5% 35,185 2.5% Amortization of intangible assets (Note 4) 3,046 0.6% 1,546 0.3% 5,679 0.3% 4,629 0.3% Stock-based compensation 10,395 2.0% 2,315 0.5% 31,282 1.8% 5,892 0.4% Other charges (recoveries) (Note 8) 1,351 0.2% (454) (0.1%) 2,011 0.1% (459) - ---------------------------------------------------------------------------------------------------------------------------------- 157,057 29.6% 112,355 22.9% 430,023 24.5% 323,226 22.7% ---------------------------------------------------------------------------------------------------------------------------------- Income (loss) from operations (2,628) (0.5%) 60,184 12.2% 141,559 8.1% 177,307 12.4% Interest and other income 3,914 0.7% 1,340 0.3% 9,714 0.5% 1,442 0.1% Gain (loss) on investments - - (1,307) (0.3%) 880 0.1% (1,307) (0.1%) Interest expense (525) (0.1%) (513) (0.1%) (1,581) (0.1%) (1,559) (0.1%) ---------------------------------------------------------------------------------------------------------------------------------- Income before income taxes 761 0.1% 59,704 12.1% 150,572 8.6% 175,883 12.3% Income taxes 1,206 0.2% 11,085 2.3% 30,121 1.7% 32,240 2.2% ---------------------------------------------------------------------------------------------------------------------------------- Net income (loss) $(445) (0.1%) $ 48,619 9.8% $ 120,451 6.9% $ 143,643 10.1% Retained earnings, beginning of period 415,878 199,050 308,825 104,026 Adjustment to opening retained earnings: Change in accounting policy on stock-based compensation (Note 1) - - (13,843) - ---------------------------------------------------------------------------------------------------------------------------------- Retained earnings, end of period $ 415,433 $ 247,669 $ 415,433 $ 247,669 ---------------------------------------------------------------------------------------------------------------------------------- Net income per share (Note 9) Basic $ 0.00 $ 0.20 $ 0.48 $ 0.59 Diluted $ 0.00 $ 0.19 $ 0.47 $ 0.56 ---------------------------------------------------------------------------------------------------------------------------------- Weighted average number of shares (000's) Basic 251,602 245,960 250,558 244,444 Diluted 251,602 256,650 258,920 255,545 Outstanding number of shares at the end of the period (000's) 252,845 247,886 252,845 247,886 ----------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------- --------------------- ------------------- May 31 August 31 2005 2004 --------------------------------------------------------------------- --------------------- ------------------- Assets Current assets: Cash and cash equivalents $ 324,397 $ 359,608 Short-term investments 319,997 189,308 Accounts receivable 388,838 365,644 Inventories 456,244 254,867 Prepayments and sundry receivables 23,927 21,873 Future income tax assets 8,512 8,076 --------------------------------------------------------------------- --------------------- ------------------- Total current assets 1,521,915 1,199,376 Capital assets 105,988 85,943 Intangible assets (Note 4) 20,495 5,558 Goodwill (Note 4) 190,095 190,095 Long-term investments 2,751 2,751 Tax credits recoverable 9,506 9,193 Future income tax assets 33,300 20,570 --------------------------------------------------------------------- --------------------- ------------------- Total Assets $ 1,884,050 $ 1,513,486 ===================================================================== ===================== =================== Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 409,817 $ 274,772 Accrued liabilities 253,571 199,129 Deferred revenue 23,154 29,131 Current portion of long-term debt (Note 6) 1,731 1,571 Future income tax liabilities 30 54 --------------------------------------------------------------------- --------------------- ------------------- Total current liabilities 688,303 504,657 Long-term debt (Note 6) 28,116 28,053 Future income tax liabilities 41,445 36,088 --------------------------------------------------------------------- --------------------- ------------------- Total liabilities 757,864 568,798 Shareholders' equity: Share capital 665,282 638,985 Treasury stock (14,867) (22,100) Contributed surplus 52,064 10,704 Retained earnings 415,433 308,825 Currency translation adjustments 8,274 8,274 --------------------------------------------------------------------- --------------------- ------------------- Total shareholders' equity 1,126,186 944,688 --------------------------------------------------------------------- --------------------- ------------------- Total Liabilities and Shareholders' Equity $ 1,884,050 $ 1,513,486 ===================================================================== ===================== ===================

------------------------------------------------------- -------------------------------- -------------------------------- Three months ended Nine months ended May 31 May 31 May 31 May 31 2005 2004 2005 2004 ------------------------------------------------------- ---------------- --------------- ---------------- --------------- Cash provided by (used in): Operating activities: Net income (loss) $ (445) $ 48,619 $ 120,451 $ 143,643 Items which do not involve cash: Tax credits recoverable (6,231) 2,279 (313) 5,553 Future income taxes (3,889) 1,528 (3,569) 3,329 Stock-based compensation 10,467 1,764 30,477 4,179 Depreciation and amortization 8,992 6,609 21,596 19,854 Loss (gain) on investments - 1,307 (880) 1,307 Gain on sale of long-lived assets (Note 8) - - - (538) Unrealized foreign exchange loss (gain) (442) (371) 1,245 135 Change in non-cash operating working capital: Accounts receivable 21,208 (75,063) (23,194) (62,078) Inventories (88,854) (24,053) (201,377) (76,288) Prepayments and sundry receivables (841) 759 (1,936) 2,493 Accounts payable 84,949 66,476 135,039 78,548 Accrued liabilities (7,724) 14,580 51,795 37,263 Deferred revenue (2,010) (7,861) (5,977) (8,323) ------------------------------------------------------- ---------------- --------------- ---------------- --------------- 15,180 36,573 123,357 149,077 ------------------------------------------------------- ---------------- --------------- ---------------- --------------- Financing activities: Principal payment on long-term debt (423) (367) (1,236) (1,075) Issuance of common shares 3,867 10,048 26,297 44,688 Repurchase of common shares (Note 12) - - - (22,100) Proceeds from sale of treasury stock - - 9 - ------------------------------------------------------- ---------------- --------------- ---------------- --------------- 3,444 9,681 25,070 21,513 ------------------------------------------------------- ---------------- --------------- ---------------- --------------- Investing activities: Purchase of short-term investments (147,197) (77,200) (391,023) (127,107) Maturity and proceeds from sales of short-term 112,807 59,907 260,334 109,691 investments Additions to capital assets (15,550) (6,402) (35,205) (13,933) Purchase of long-term investments - (98) - (98) Proceeds from gain on investments - - 880 - Proceeds from sale of long-lived assets (Note 8) - - - 2,489 Acquisitions, net of cash acquired (Note 3) (11,280) - (18,838) (2,071) ------------------------------------------------------- ---------------- --------------- ---------------- --------------- (61,220) (23,793) (183,852) (31,029) ------------------------------------------------------- ---------------- --------------- ---------------- --------------- Foreign exchange gain (loss) on cash held in foreign (33) (203) 214 358 currency ------------------------------------------------------- ---------------- --------------- ---------------- --------------- Increase (decrease) in cash and cash equivalents (42,629) 22,258 (35,211) 139,919 Cash and cash equivalents - beginning of period 367,026 418,566 359,608 300,905 ------------------------------------------------------- ---------------- --------------- ---------------- --------------- Cash and cash equivalents - end of period 324,397 440,824 324,397 440,824 Short-term investments 319,997 67,200 319,997 67,200 ------------------------------------------------------- ---------------- --------------- ---------------- --------------- Cash position - end of period $ 644,394 $ 508,024 $ 644,394 $ 508,024 ------------------------------------------------------- ---------------- --------------- ---------------- ---------------

--------------------------------------------------- ------------------------- ------------------------ Three months ended Nine months ended May 31, 2004 May 31, 2004 --------------------------------------------------- ------------------------- ------------------------ Net income: As reported $ 48,619 $ 143,643 Pro forma 44,268 136,425 Basic net income per share: As reported $ 0.20 $ 0.59 Pro forma 0.18 0.56 Diluted net income per share: As reported $ 0.19 $ 0.56 Pro forma 0.17 0.54 --------------------------------------------------- ------------------------- ------------------------

(Thousands of US dollars) --------------------------------------------------------------------------- Net assets: Current assets, including cash of $41 $ 159 Capital assets 245 Core technology 2,890 Other intangible 1,100 Liabilities assumed (248) ---------------------------------------------------------------------------- Cash consideration $ 4,146 ----------------------------------------------------------------------------

--------------------------------------------------------------------------- Core technology 2 years Other intangible 8 months ----------------------------------------------------------------------------

------------------------------------- --------------- ----------------- -------------- -------------------- Cost Accumulated Net book Net book value amortization value May 31, 2005 August 31, 2004 ------------------------------------- ------------------------------------------------ -------------------- Core technology $ 38,225 $ 21,252 $ 16,973 $ 5,558 Other 8,923 5,401 3,522 - ------------------------------------- --------------- ----------------- -------------- -------------------- Total intangible assets $ 47,148 $ 26,653 $ 20,495 $ 5,558 ===================================== =============== ================= ============== ==================== Goodwill $ 376,788 $ 186,693 $ 190,095 $ 190,095 ===================================== =============== ================= ============== ====================

--------------------------------------------------- ------------ ------------------ ------------------- Interest May 31 August 31 2004 rate 2005 --------------------------------------------------- ------------ ------------------ ------------------- Obligation under capital lease (i) 6.31% $ 18,335 $ 18,049 Mortgage payable (ii) 6.96% 11,512 11,575 --------------------------------------------------- ------------ ------------------ ------------------- 29,847 29,624 Less : Current portion 1,731 1,571 --------------------------------------------------- ------------ ------------------ ------------------- Long-term portion $ 28,116 $ 28,053 =================================================== ============ ================== ====================

--------------------------------------------------- -------------------------------- -------------------------------- Three months ended Nine months ended May 31 May 31 May 31 May 31 2005 2004 2005 2004 --------------------------------------------------- ---------------- --------------- ---------------- --------------- Regulatory matters (i) $ 1,351 $ 399 $ 2,011 $ 1,543 Restructuring charge (recovery) - European operations (ii) - - - (538) Lease exit charge (recovery) (iii) - (853) - (1,464) --------------------------------------------------- ---------------- --------------- ---------------- --------------- Total $ 1,351 $ (454) $ 2,011 $ (459) =================================================== ================ =============== ================ ================

-------------------------------------- -------------------------------- -------------------------------- Three months ended Nine months ended May 31 May 31 May 31 May 31 2005 2004 2005 2004 -------------------------------------- ---------------- --------------- ---------------- --------------- Balance, beginning of period $ 4 $ 872 $ 18 $ 4,246 Cash payments (4) (94) (18) (3,468) -------------------------------------- ---------------- --------------- ---------------- --------------- Balance, end of period - $ 778 - $ 778 ====================================== ================ =============== ================ ===============

------------------------------------------------ ------------------------------- -------------------------------- Three months ended Nine months ended May 31 May 31 May 31 May 31 2005 2004 2005 2004 ------------------------------------------------ --------------- --------------- ---------------- --------------- Net income (loss) $ (445) $ 48,619 $ 120,451 $ 143,643 ================================================ =============== =============== ================ =============== Weighted average number of common shares outstanding (000's): Basic 251,602 245,960 250,558 244,444 Effect of dilutive securities - 10,690 8,362 11,101 ------------------------------------------------ --------------- --------------- ---------------- --------------- Diluted 251,602 256,650 258,920 255,545 ================================================ =============== =============== ================ =============== Net income per share Basic $ 0.00 $ 0.20 $ 0.48 $ 0.59 Diluted $ 0.00 $ 0.19 $ 0.47 $ 0.56 ------------------------------------------------ --------------- --------------- ---------------- ---------------

-------------------------------------- ------------------------------- ------------------------------- Three months ended Nine months ended May 31 May 31 May 31 May 31 2005 2004 2005 2004 -------------------------------------- ------------------------------- ------------------------------- Cash paid for: Interest $ 500 $ 492 $ 1,501 $ 1,474 Income taxes 2,233 523 2,646 1,466 Interest received $ 3,128 $ 1,080 $ 8,462 $ 2,949 -------------------------------------- --------------- --------------- --------------- ---------------

--------------------------- ------------------------------ ------------------------------ ------------------------------ Consolidated PC Consumer Three months ended Three months ended Three months ended May 31 May 31 May 31 2005 2004 2005 2004 2005 2004 --------------------------- -------------- --------------- -------------- --------------- --------------- -------------- Revenues $ 530,235 $ 491,457 $ 460,673 $ 433,611 $ 69,562 $ 57,846 Operating income 12,164 63,591 14,039 60,356 (1,875) 3,235 --------------------------- -------------- --------------- -------------- --------------- --------------- --------------

--------------------------- ------------------------------ ------------------------------ ------------------------------ Consolidated PC Consumer Nine months ended Nine months ended Nine months ended May 31 May 31 May 31 2005 2004 2005 2004 2005 2004 --------------------------- -------------- --------------- -------------- --------------- --------------- -------------- Revenues $ 1,752,282 $ 1,424,499 $ 1,528,851 $ 1,281,501 $ 223,431 $ 142,998 Operating income 180,531 187,369 161,846 187,136 18,685 233 --------------------------- -------------- --------------- -------------- --------------- --------------- --------------

--------------------------------------------------- -------------------------------- -------------------------------- Three months ended Nine months ended -------------------------------- -------------------------------- May 31 May 31 May 31 May 31 2005 2004 2005 2004 --------------------------------------------------- ---------------- --------------- ---------------- --------------- Revenues: Canada $ 8,338 $ 6,095 $ 16,644 $ 17,449 United States 54,843 65,641 199,782 175,330 Europe 24,523 10,030 72,868 77,955 Asia-Pacific 442,531 409,691 1,462,988 1,153,765 --------------------------------------------------- ---------------- --------------- ---------------- --------------- Consolidated revenues $ 530,235 $ 491,457 $ 1,752,282 $ 1,424,499 =================================================== ================ =============== ================ ===============

--------------------------------------------------- ---------------- --------------- ---------------- --------------- May 31 August 31 2005 2004 --------------------------------------------------- ---------------- --------------- ---------------- --------------- Capital assets, intangible assets and goodwill: Canada $ 89,090 $ 73,863 United States 206,563 206,147 Europe 234 165 Asia-Pacific 20,691 1,421 --------------------------------------------------- ---------------- --------------- ---------------- --------------- Consolidated capital assets, intangible assets and goodwill $ 316,578 $ 281,596 =================================================== ================ =============== ================ ===============

------------------------------------------------ -------------------------------- -------------------------------- Three months ended Nine months ended ------------------------------- --------------------------------- May 31 May 31 May 31 May 31 2005 2004 2005 2004 ------------------------------------------------ ---------------- --------------- ---------------- --------------- Risk-free interest rate 3.8% 3.9% 3.7% 3.7% Dividend yield 0.0% 0.0% 0.0% 0.0% Volatility factor of the expected market price of the Company's common shares 60.5% 68.3% 62.5% 69.3% Expected life of the options 4.0 years 4.2 years 4.0 years 4.2 years ------------------------------------------------ ---------------- --------------- ---------------- ---------------

-------------------------------------------- ----------------------- ---------------------- Three months ended Nine months ended May 31 May 31 2005 2005 -------------------------------------------- ----------------------- ---------------------- Selling and marketing $ 1,627 $ 4,897 Research and development 5,269 16,105 Administrative 1,495 4,041 -------------------------------------------- ----------------------- ---------------------- Total $ 8,391 $ 25,043 ============================================ ===============================================

-------------------------------------- -------------------------------- -------------------------------- Three months ended Nine months ended May 31 May 31 May 31 May 31 2005 2004 2005 2004 -------------------------------------- --------------- ---------------- --------------- ---------------- Selling and marketing $ 265 $ 323 $ 867 $ 744 Research and development 1,563 1,378 4,126 3,232 Administrative 258 329 741 761 -------------------------------------- --------------- ---------------- --------------- ---------------- Total $ 2,086 $ 2,030 $ 5,734 $ 4,737 ====================================== =============== ================ =============== ================

---------------------------------------------------- ------------------------------ ------------------------------ Three months ended Nine months ended May 31 May 31 May 31 May 31 2005 2004 2005 2004 ---------------------------------------------------- --------------- -------------- -------------- --------------- Net income in accordance with Canadian GAAP $ (445) $ 48,619 $ 120,451 $ 143,643 Tax effect of stock options (1,619) (843) (6,111) (5,038) Expenses related to stock options (i) 8,391 - 25,043 - Stock-compensation expenses (ii), (iii) 2,908 (4,570) (5,205) (8,654) Other 28 28 84 84 ---------------------------------------------------- --------------- -------------- -------------- --------------- Net income in accordance with U.S. GAAP $ 9,263 $ 43,234 $ 134,262 $ 130,035 ==================================================== =============== ============== ============== =============== Net income per share: Basic $ 0.04 $ 0.18 $ 0.54 $ 0.53 Diluted $ 0.04 $ 0.17 $ 0.52 $ 0.51 ---------------------------------------------------- --------------- -------------- -------------- --------------- Weighted average number of shares (000's): 251,602 245,960 250,558 244,444 BasiC 259,100 256,650 258,920 255,545 Diluted ---------------------------------------------------- --------------- -------------- -------------- ---------------

Filing Compare · ATI TECHNOLOGIES INC