Logitech 2011 Annual Report Download - page 255


Guerrino De Luca


Erik K. Bardman


Junien Labrousse


Werner Heid


M. Ehtisham Rabbani

Craig Malloy


L. Joseph Sullivan


Martha Tuma


Catherine Valentine



Guerrino De Luca



Daniel Borel


Matthew Bousquette


Erh-Hsun Chang



Kee-Lock Chua


Sally Davis


Neil Hunt


Richard Laube


Monika Ribar






Investor Relations


Annual Meeting



     
(in U.S. dollars; in thousands, except per share amounts)
Net sales $ 2,066,569 $ 2,370,496 $ 2,208,832 $ 1,966,748 
Gross margin 34.3% 35.8% 31.3% 31.9% 
Operating income $ 230,862 $ 286,680 $ 109,654 $ 78,364  
Operating margin 11.2% 12.1% 5.0% 4.0% 
Net income $ 229,848 $ 231,026 $ 107,032 $ 64,957  
Earnings per diluted share $ 1.20 $ 1.23 $ 0.59 $ 0.36  
Diluted number of shares 190,991 187,942 182,911 179,340 
Cash ow from operations $ 303,825 $ 393,079 $ 200,587 $ 365,259  
Capital expenditures $ 47,246 $ 57,900 $ 48,263 $ 39,834  
Cash and cash equivalents and short-term
investments, net of short-term debt $ 398,966 $ 486,292 $ 494,396 $ 319,944  
Shareholders’ equity $ 844,524 $ 960,044 $ 997,708 $ 999,715 
















The following selected historical information has been derived from audited nancial statements included in our annual reports for such years. Accordingly, the table
should be read in conjunction with the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in our annual reports for
Fiscal Years 2008 through 2011 and the section titled “Operating and Financial Review and Prospects,” in our annual reports for Fiscal Year 2007.

||
Durant les 30 années qui ont suivi la
création de la société à Apples en Suisse,
Logitech n’a cessé de se transformer pour
s’adapter aux évolutions technologiques
et aux nouvelles habitudes des
utilisateurs. Nous ouvrons désormais un
nouveau chapitre, dans cette époque où
tout va plus vite et chaque nouveauté est
une révolution, en nous concentrant sur
le développement de produits et de
solutions innovants, simples d’utilisation
et qui permettent aux utilisateurs de tirer
le meilleur parti de leurs activités
numériques.
In den 30 Jahren, die seit der Gründung
unseres Unternehmens in Apples,
Schweiz, vergangen sind, hat sich
Logitech kontinuierlich gewandelt, um
neue Technologien und die Art, wie
Menschen damit umgehen, aufzugreifen.
Und auch in diesen Zeiten schneller und
bahnbrechender Veränderungen
schlagen wir ein neues Kapitel auf: Wir
fokussieren uns auf innovative und
einfach anzuwendende Produkte sowie
Lösungen, mit denen Menschen ihre
Wünsche in einer digitalen Welt optimal
verwirklichen können.
In the 30 years since our company’s
founding in Apples, Switzerland,
Logitech has continually transformed
itself to adapt to changes in technology
and how people use technology.
We embark upon new chapters in this
time of faster, more disruptive change
focused on delivering innovative,
easy-to-use products and solutions
that allow people to get the most
out of their digital pursuits.