iRobot 2012 Annual Report Download - page 73

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23
ITEM 6. SELECTED FINANCIAL DATA
The selected historical financial data set forth below as of December 29, 2012 and December 31, 2011 and for the years
ended December 29, 2012, December 31, 2011 and January 1, 2011 are derived from financial statements, which have been
audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm. Consolidated balance sheets as of
December 29, 2012 and December 31, 2011 and the related consolidated statements of income and of cash flows for each of the
three years in the period ended December 29, 2012 and notes thereto appear elsewhere in this Annual Report on Form 10-K.
The selected historical financial data as of January 1, 2011, January 2, 2010 and December 27, 2008 and for the years ended
January 2, 2010 and December 27, 2008 are derived from our financial statements, which have been audited by
PricewaterhouseCoopers LLP and which are not included elsewhere in this Annual Report.
The following selected consolidated financial data should be read in conjunction with our consolidated financial
statements, the related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”
included elsewhere in this Annual Report on Form 10-K. The historical results are not necessarily indicative of the results to be
expected for any future period.
Year Ended
December 29,
2012
December 31,
2011
January 1,
2011
January 2,
2010
December 27,
2008
(In thousands, except earnings per share amounts)
Consolidated Statements of Income:
Revenue
Product revenue $ 418,550 $ 426,525 $ 360,394 $ 262,199 $ 281,187
Contract revenue 17,694 38,975 40,558 36,418 26,434
Total revenue 436,244 465,500 400,952 298,617 307,621
Cost of revenue
Cost of product revenue 239,745 246,905 228,403 176,631 190,250
Cost of contract revenue 16,783 26,477 27,117 30,790 23,900
Total cost of revenue 256,528 273,382 255,520 207,421 214,150
Gross Margin 179,716 192,118 145,432 91,196 93,471
Operating Expenses
Research and development 37,215 36,498 24,809 14,747 17,566
Selling and marketing 71,631 58,544 50,535 40,902 46,866
General and administrative 45,698 43,753 36,618 30,110 28,840
Total operating expenses 154,544 138,795 111,962 85,759 93,272
Operating Income 25,172 53,323 33,470 5,437 199
Net Income $ 17,297 $ 40,191 $ 25,514 $ 3,330 $ 756
Net Income Per Common Share Basic $ 0.63 $ 1.50 $ 1.00 $ 0.13 $ 0.03
Diluted $ 0.61 $ 1.44 $ 0.96 $ 0.13 $ 0.03
Shares Used in Per Common Share
Calculations
Basic 27,577 26,712 25,394 24,998 24,654
Diluted 28,301 27,924 26,468 25,640 25,533
Form 10-K