Logitech 2011 Annual Report Download - page 197

ANNUAl REPORT
185
The accompanying notes are an integral part of these consolidated financial statements.
LOGITECH INTERNATIONAL S.A.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share amounts)
March 31,
2011 2010
ASSETS
Current assets:
Cash and cash equivalents .......................................... $ 477,931 $ 319,944
Accounts receivable ............................................... 258,294 195,247
Inventories ...................................................... 280,814 219,593
Other current assets ............................................... 59,347 58,877
Total current assets ............................................. 1,076,386 793,661
Property, plant and equipment.......................................... 84,160 91,229
Goodwill .......................................................... 547,184 553,462
Other intangible assets................................................ 74,616 95,396
Other assets ........................................................ 79,210 65,930
Total assets ......................................... $1,861,556 $1,599,678
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable ................................................. $ 298,160 $ 257,955
Accrued liabilities ................................................ 172,560 182,336
Total current liabilities .......................................... 470,720 440,291
Other liabilities ..................................................... 185,835 159,672
Total liabilities....................................... 656,555 599,963
Commitments and contingencies
Shareholders’ equity:
Shares, par value CHF 0.25 — 191,606 issued and authorized and
50,000 conditionally authorized at March 31, 2011 and 2010 ............ 33,370 33,370
Additional paid-in capital........................................... — 14,880
Shares in treasury, at cost, 12,433 at March 31, 2011
and 16,435 at March 31, 2010 .................................... (264,019) (382,512)
Retained earnings................................................. 1,514,168 1,406,618
Accumulated other comprehensive loss................................ (78,518) (72,641)
Total shareholders’ equity.............................. 1,205,001 999,715
Total liabilities and shareholders’ equity .................. $1,861,556 $1,599,678