Logitech 2008 Annual Report Download - page 22

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The following selected historical information has been derived from audited fi nancial statements included in our annual reports for
such years. Accordingly, the table should be read in conjunction with Item 7, “Management’s Discussion and Analysis of Financial
Condition and Results of Operations,” in our annual report for Fiscal Year 2008 and Item 5, “Operating and Financial Review and
Prospects,” in our annual reports for Fiscal Years 2004 through 2007.
This annual report contains forward-looking statements, including the statements regarding evolving technology and market trends,
growth opportunities in our product categories and our business strategies for fi scal year 2009 and beyond. These forward-looking
statements involve risks and uncertainties that could cause Logitech’s actual performance and results to differ materially from that
anticipated in these forward-looking statements. Factors that could cause actual results to differ materially include if we fail to in-
novate successfully in our current and emerging product categories and identify new feature or product opportunities; our ability to
introduce successful products in a timely manner and market acceptance of those products; our product introductions and mar-
keting activities not resulting in the product category growth we expect, or when we expect it; consumer demand for our products,
particularly our newly-introduced products, and our ability to accurately forecast it; the effect of pricing, product, marketing and
other initiatives by our competitors, and our reaction to them, on our sales and product category growth, as well as those additional
factors set forth in our periodic fi lings with the Securities and Exchange Commission, including our annual report on Form 10-K for
the fi scal year ended March 31, 2008 and our quarterly reports on Form 10-Q available at www.sec.gov. Logitech does not undertake
to update any forward-looking statements.
selected fi nancial highlights
20 Logitech Annual Report 08
Fiscal Year 2004 2005 2006 2007 2008
(in thousands of U.S. dollars, except per share amounts)
Total revenues
Gross margin
Operating income
Operating margin
Net income
Earnings per diluted share
Diluted number of shares (in millions)
Cash fl ow from operations
Capital expenditures
Cash and cash equivalents net
of short-term debt
Shareholders’ equity
$1,268,470 $1,482,626 $1,796,715 $2,066,569 $2,370,496
32.2% 34.0% 32.0% 34.3% 35.8%
$ 145,554 $ 171,674 $ 198,911 $ 230,862 $ 286,680
11.5% 11.6% 11.1% 11.2% 12.1%
$ 132,153 $ 149,266 $ 181,105 $ 229,848 $ 231,026
0.67 0.77 0.92 1.20 1.23
$ 200,640 $ 198,250 $ 198,769 $ 190,991 $ 187,942
$ 166,460 $ 213,674 $ 152,217 $ 303,825 $ 393,079
$ 24,718 $ 40,541 $ 54,102 $ 47,246 $ 57,900
$ 280,624 $ 331,402 $ 230,943 $ 398,966 $ 486,292
$ 457,080 $ 526,149 $ 685,176 $ 844,524 $ 960,044