Harman Kardon 2009 Annual Report Download - page 69
Download and view the complete annual report
Please find page 69 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.-
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
 |
 |
CONSOLIDATED STATEMENTS OF OPERATIONS
HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED AND SUBSIDIARIES
Year Ended June 30,
(in thousands, except per share data) 2009 2008 2007
Net sales .................................................. $2,891,022 $4,112,503 $3,551,144
Cost of sales ............................................... 2,216,406 3,003,097 2,339,938
Gross profit ................................................ 674,616 1,109,406 1,211,206
Selling, general and administrative expenses ...................... 853,327 970,905 824,819
Goodwill impairment ........................................ 330,563 — —
Operating (loss) income ...................................... (509,274) 138,501 386,387
Other expenses:
Interest expense, net ..................................... 6,939 8,648 1,500
Miscellaneous, net ....................................... 3,483 5,369 2,682
(Loss) income before income taxes and minority interest ............ (519,696) 124,484 382,205
Income tax (benefit) expense, net ............................... (97,897) 17,119 70,186
Minority interest ............................................ 752 (421) (1,944)
Net (loss) income ........................................... $ (422,551) $ 107,786 $ 313,963
(Loss) Earnings per share:
Basic ............................................. $ (7.19) $ 1.75 $ 4.81
Diluted ............................................ $ (7.19) $ 1.73 $ 4.72
Weighted Average Shares Outstanding:
Basic ............................................. 58,766 61,472 65,310
Diluted ............................................ 58,766 62,182 66,449
See accompanying notes to consolidated financial statements.
48