Ingram Micro 2010 Annual Report Download - page 73

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Financial information by geographic segments is as follows:
2010 2009 2008
Fiscal Year Ended
Net sales
North America ............................ $14,549,103 $12,326,555 $14,191,995
EMEA .................................. 10,871,237 9,483,328 11,534,968
Asia Pacific .............................. 7,570,403 6,243,455 6,904,640
Latin America ............................ 1,598,241 1,462,108 1,730,549
Total .................................. $34,588,984 $29,515,446 $34,362,152
Income (loss) from operations
North America ............................ $ 230,458 $ 105,679 $ (49,011)
EMEA .................................. 135,681 92,856 42,014
Asia Pacific .............................. 113,003 83,704 (353,518)
Latin America ............................ 32,353 35,928 43,191
Stock-based compensation expense ............. (27,062) (22,227) (14,845)
Total .................................. $ 484,433 $ 295,940 $ (332,169)
Capital expenditures
North America ............................ $ 59,252 $ 59,458 $ 57,222
EMEA .................................. 7,424 5,283 18,390
Asia Pacific .............................. 6,880 2,729 4,996
Latin America ............................ 2,736 1,197 751
Total .................................. $ 76,292 $ 68,667 $ 81,359
Depreciation and amortization
North America ............................ $ 33,949 $ 36,926 $ 36,241
EMEA .................................. 12,791 15,645 16,439
Asia Pacific .............................. 12,155 13,734 13,583
Latin America ............................ 2,654 2,285 2,141
Total .................................. $ 61,549 $ 68,590 $ 68,404
The income from operations in Latin America includes the release of a portion of the 2007 commercial tax
reserve in Brazil totaling $9,112, $9,758 and $8,224 in 2010, 2009 and 2008, respectively, as discussed in Note 10.
The income from operations in 2009 includes reorganization and expense-reduction program costs of $37,636
($24,267 of net charges in North America; $9,462 of net charges in EMEA; $3,574 of charges in Asia Pacific and
$333 of charges in Latin America), as discussed in Note 3. Also included in the 2009 income from operations is the
impairment of goodwill totaling $2,490 in Asia Pacific, as discussed in Note 2. The income (loss) from operations in
2008 includes the impairment of goodwill totaling $742,653 ($243,190 in North America; $24,125 in EMEA; and
$475,338 in Asia Pacific), as discussed in Notes 2 and 4. Also included in the 2008 income (loss) from operations
are reorganization and expense-reduction program costs of $18,573 ($1,838 of net charges in North America;
$16,444 of charges in EMEA; and $291 of charges in Asia Pacific), as discussed in Note 3.
65
INGRAM MICRO INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)