Logitech 2012 Annual Report Download - page 228

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,
2012 2011
ASSETS
Current assets:
Cash and cash equivalents ........................................... $ 478,370 $ 477,931
Accounts receivable ................................................ 223,104 258,294
Inventories ....................................................... 297,072 280,814
Other current assets ................................................ 65,990 59,347
Total current assets .............................................. 1,064,536 1,076,386
Property, plant and equipment........................................... 94,884 84,160
Goodwill ........................................................... 560,523 547,184
Other intangible assets................................................. 53,518 74,616
Other assets ......................................................... 83,033 79,210
Total assets .................................................... $1,856,494 $1,861,556
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable .................................................. $ 301,111 $ 298,160
Accrued liabilities ................................................. 186,680 172,560
Total current liabilities ........................................... 487,791 470,720
Other liabilities ...................................................... 218,462 185,835
Total liabilities ................................................. 706,253 656,555
Commitments and contingencies
Shareholders’ equity:
Shares, par value CHF 0.25—191,606 issued and authorized and
50,000 conditionally authorized at March 31, 2012 and 2011 ............. 33,370 33,370
Additional paid-in capital............................................ — —
Shares in treasury, at cost, 27,173 at March 31, 2012 and 12,433 at
March 31, 2011................................................. (343,829) (264,019)
Retained earnings .................................................. 1,556,629 1,514,168
Accumulated other comprehensive loss................................. (95,929) (78,518)
Total shareholders’ equity......................................... 1,150,241 1,205,001
Total liabilities and shareholders’ equity ............................. $1,856,494 $1,861,556
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