Logitech 2005 Annual Report Download - page 107
Download and view the complete annual report
Please find page 107 of the 2005 Logitech 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
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
 |
 |
LOGITECH INTERNATIONAL S.A.
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
Year ended March 31,
2005 2004 2003
Net sales .................................................. $1,482,626 $1,268,470 $1,100,288
Cost of goods sold ........................................... 979,039 859,548 735,784
Grossprofit ................................................ 503,587 408,922 364,504
Operating expenses:
Marketing and selling .................................... 201,353 156,793 141,194
Research and development ................................ 73,900 61,289 56,195
General and administrative ................................ 56,660 45,286 43,233
Total operating expenses .............................. 331,913 263,368 240,622
Operating income ........................................... 171,674 145,554 123,882
Interest income (expense), net .................................. 141 (1,858) (1,196)
Otherincome,net ........................................... 3,791 1,973 866
Incomebeforeincometaxes ................................... 175,606 145,669 123,552
Provision for income taxes .................................... 26,340 13,516 24,709
Netincome ................................................ $ 149,266 $ 132,153 $ 98,843
Net income per share and ADS:
Basic ................................................. $ 3.37 $ 2.91 $ 2.15
Diluted................................................ $ 3.07 $ 2.69 $ 1.97
Shares used to compute net income per share and ADS:
Basic ................................................. 44,252 45,346 45,989
Diluted................................................ 49,562 50,160 51,409
The accompanying notes are an integral part of these consolidated financial statements.
F-4