Harman Kardon 2009 Annual Report Download - page 44

Download and view the complete annual report

Please find page 44 of the 2009 Harman Kardon 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 125

  • 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
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125

Item 6. Selected Financial Data
The following table presents selected historical financial data derived from the audited Consolidated
Financial Statements for each of the five fiscal years presented. The information should be read in conjunction
with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the audited
Consolidated Financial Statements and the Notes to the Consolidated Financial Statements.
(In thousands except per share data) 2009 2008 2007 2006 2005
Net sales ............................ $2,891,022 $4,112,503 $3,551,144 $3,247,897 $3,030,889
Operating (loss) income ................ $ (509,274) $ 138,501 $ 386,387 $ 397,241 $ 350,981
(Loss) income before income taxes ........ $ (519,696) $ 124,484 $ 382,205 $ 376,187 $ 335,337
Net (loss) income ..................... $ (422,551) $ 107,786 $ 313,963 $ 255,295 $ 232,848
Diluted (loss) earnings per share .......... $ (7.19) $ 1.73 $ 4.72 $ 3.75 $ 3.31
Weighted average shares outstanding:
Diluted .......................... 58,766 62,182 66,449 68,105 70,399
Total assets .......................... $2,492,353 $2,826,925 $2,508,868 $2,375,752 $2,201,983
Total debt ............................ $ 629,459 $ 427,952 $ 76,528 $ 197,554 $ 333,917
Shareholders’ equity ................... $ 973,825 $1,339,846 $1,494,041 $1,228,164 $1,060,948
Dividends per share .................... $ 0.025 $ 0.05 $ 0.05 $ 0.05 $ 0.05
23