Avid 2004 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2004 Avid annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

By all accounts, 2004 was an extremely successful year for Avid, characterized by outstanding
financial performance, significant growth and diversification, continued technological innovation,
and recognition at the highest echelons of the industries we serve.
Consolidated Statement of Operations Data
(In thousands, except per share and employee data)
Year ended December 31,
2004 2003 2002
Net revenues
$589,605 $471,912 $418,719
Gross margin
56.7% 55.6% 50.5%
Net income
$71,701 $40,889 $2,999
Net income per share – diluted
$2.05 $1.25 $0.11
Consolidated Balance Sheet Data
As of December 31,
2004 2003 2002
Cash and marketable securities
$155,419 $196,309 $89,034
Total assets
$576,234 $348,119 $235,803
Total stockholders’ equity
$424,621 $227,105 $123,564
Employees
2,014 1,582 1,556
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
In 2004, Avid’s revenues exceeded $500 million
for the first time in the company’s history.
$406.7
$429.0
$471.3
$482.4
$452.6
$476.1
$434.6
$418.7
$471.9
$589.6
0
200420042004200420042004200420042004200420042004200420042004