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Item 6-Selected Consolidated Financial Data
The following selected consolidated financial data for the last five years should be read in conjunction with the consolidated
financial statements and related notes and "Management's Discussion and Analysis of Financial Condition and Results of Operations"
of this Form 10-K.
Three
Year Year Year Year Months Years
Ended Ended Ended Ended Ended Ended
February 28, February 28, February 29, February 28, February 28, November 30,
2010 (6) 2009 2008 (5) 2007 (4) 2006 2005 (3)
Consolidated Statement of
Operations Data
Net sales (1) $ 550,695 $ 603,099 $ 591,355 $ 456,690 $ 103,050 $ 539,716
Operating income
(loss) (1) 3,760 (53,443) 4,422 (5,077) (3,159) (27,690)
Net income (loss) from
continuing operations (1) 22,483 (71,029) 6,746 3,692 367 (6,687)
Net income (loss) from
discontinued operations (2) - - 1,719 (756) (184) (2,904)
Net income (loss) $ 22,483 $ (71,029) $ 8,465 $ 2,936 $ 183 $ (9,591)
Net income (loss) per
common share from
continuing operations:
Basic $ 0.98 $ (3.11) $ 0.29 $ 0.16 $ 0.02 $ (0.30)
Diluted $ 0.98 $ (3.11) $ 0.29 $ 0.16 $ 0.02 $ (0.30)
Net income (loss) per
common share:
Basic $ 0.98 $ (3.11) $ 0.37 $ 0.13 $ 0.01 $ (0.43)
Diluted $ 0.98 $ (3.11) $ 0.37 $ 0.13 $ 0.01 $ (0.43)
As of As of
As of February 28, February 29, As of February 28, November 30,
2010 2009 2008 2007 2006 2005
Consolidated Balance
Sheet Data
Total assets $ 488,977 $ 461,296 $ 533,036 $ 499,120 $ 466,012 $ 485,864
Working capital 239,787 241,080 275,787 305,960 340,564 340,488
Long-term obligations 32,176 31,651 27,260 22,026 18,385 18,425
Stockholders' equity 364,262 340,502 423,513 404,362 400,732 401,157
(1) Amounts exclude the financial results of discontinued operations (see Note 3 of the Notes to Consolidated Financial Statements).
(2) 2005 amount reflects the divestiture of Malaysia.
(3) 2005 amounts reflect the acquisition of Terk.
(4) 2007 amounts reflect the acquisition of Thomson Accessory business.
(5) 2008 amounts reflect the acquisition of Oehlbach, Incaar, Technuity and Thomson A/V.
(6) 2010 amounts reflect the acquisition of Schwaiger and Invision (see Note 2 of the Notes to Consolidated Financial Statements).
15
Source: AUDIOVOX CORP, 10-K, May 14, 2010 Powered by Morningstar® Document Research℠