Avid 2002 Annual Report Download - page 2

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Consolidated Statements of Operations
(in thousands except per share and employee data)
Year ended December 31, 2002 2001 2000
Net Revenues $418,719 $434,638 $476,090
Gross margin 50.5% 50.9% 50.8%
Net income (loss) $2,999 ($38,147) ($56,349)
Net income (loss) per share – diluted $0.11 ($1.49) ($2.28)
Consolidated Balance Sheets
As of December 31, 2002 2001 2000
Cash and marketable securities $89,034 $72,961 $83,206
Total assets $235,803 $215,806 $266,482
Total stockholders’ equity $123,564 $104,758 $137,850
Employees at year end 1,556 1,543 1,629
back row left to right:
Joseph Bentivegna, Vice President of Video Development and Operations •Charles L. Smith, Vice President of Worldwide Sales,
Marketing, and Service •Paul J. Milbury, Vice President and Chief Financial Officer •David M. Lebolt, Vice President and
General Manager, Digidesign
financial highlights
avid executive team
front row left to right:
Michael J. Rockwell, Chief Technology Officer •Michael Stojda, Managing Director, Softimage •David A. Krall, President and
Chief Executive Officer •Carol L. Reid, Vice President and Corporate Controller •Trish Baker, Vice President of Human Resources
Ethan E. Jacks, Vice President of Business Development and Chief Legal Officer