LeapFrog 2008 Annual Report Download - page 63
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LEAPFROG ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
Years Ending December 31,
2008 2007 2006
Net sales ..................................................... $459,059 $ 442,271 $ 502,255
Cost of sales ................................................... 277,574 268,965 355,221
Gross profit .................................................. 181,485 173,306 147,034
Operating expenses:
Selling, general and administrative ............................. 114,713 141,628 131,928
Research and development ................................... 48,473 59,371 54,475
Advertising ............................................... 67,361 64,013 75,441
Depreciation and amortization ................................ 11,044 9,464 9,853
Total operating expenses ........................................ 241,591 274,476 271,697
Loss from operations ........................................... (60,106) (101,170) (124,663)
Other income (expense):
Interest income ............................................ 2,508 7,037 7,186
Interest expense ............................................ (349) (111) (97)
Other, net ................................................. (8,435) (3,348) (907)
Total other income (expense) .................................... (6,276) 3,578 6,182
Loss before income taxes ........................................ (66,382) (97,592) (118,481)
Provision for income taxes ....................................... 1,874 3,723 26,611
Net loss ...................................................... $(68,256) $(101,315) $(145,092)
Net loss per share:
Class A and B—basic and diluted .............................. $ (1.07) $ (1.60) $ (2.31)
Weighted average shares used to calculate net loss per share:
Class A and B—basic and diluted .............................. 63,641 63,361 62,817
See accompanying notes
F-5