Logitech 2014 Annual Report Download - page 206

SELECTED FINANCIAL DATA
The selected financial data set forth below as of March 31, 2014 and 2013, and for the fiscal years 2014, 2013
and 2012, are derived from our consolidated financial statements included elsewhere in this Annual Report on
Form 10-K. The selected consolidated financial data for the fiscal years ended March 31, 2012 and 2011 has been
restated and the selected consolidated financial data for the fiscal years ended March 31, 2013 and 2010 has been
revised to reflect adjustments to our previously issued financial statements as more fully described in Part II—
“Item 7: Management’s Discussion and Analysis of Financial Condition and Results of Operations—Restatement
and Revision of Previously Issued Consolidated Financial Statements” and “Item 8: Financial Statements and
Supplementary Data—Note 2 of Notes to Consolidated Financial Statements.”. The selected financial data as of
March 31, 2012, 2011 and 2010 and for the fiscal years 2011 and 2010 are derived from financial statements not
included in this Annual Report on Form 10-K.
This financial data should be read in conjunction with Item 7, Management’s Discussion and Analysis of
Financial Condition and Results of Operations. These historical results are not necessarily indicative of the results
to be expected in the future.
Year ended March 31,
2014 2013 2012 2011 2010
As Revised* As Restated* As Restated As Revised
(See below) (See below)
(in thousands, except for per share amounts)
Consolidated statement of operations
and cash flow data
Net sales............................. $2,128,713 $2,099,277 $2,316,203 $2,366,765 $1,963,333
Cost of goods sold ..................... 1,400,844 1,389,643 1,508,670 1,556,120 1,339,406
Gross profit .......................... 727,869 709,634 807,533 810,645 623,927
Operating expenses:
Marketing and selling ............... 379,747 431,886 422,116 420,778 305,184
Research and development............ 139,385 155,012 162,159 156,021 135,867
General and administrative ........... 118,940 114,381 109,260 115,616 106,177
Impairment of goodwill and
other assets(1) .................... — 216,688 — — —
Restructuring charges(2) .............. 13,811 43,704 — — 686
Total operating expenses .......... 651,883 961,671 693,535 692,415 547,914
Operating income (loss)................. 75,986 (252,037) 113,998 118,230 76,013
Interest income (expense), net ............ (397) 907 2,674 2,316 2,120
Other income (expense), net ............. 1,993 (2,198) 7,655 4,578 2,650
Income (loss) before income taxes ........ 77,582 (253,328) 124,327 125,124 80,783
Provision for (benefit from) income taxes... 3,278 (25,810) 20,090 19,973 18,641
Net income (loss) ...................... 74,304 (227,518) 104,237 105,151 62,142
Net income (loss) per share:
Basic............................. $ 0.46 $ (1.44) $ 0.60 $ 0.59 $ 0.35
Diluted ........................... $ 0.46 $ (1.44) $ 0.59 $ 0.59 $ 0.35
Shares used to compute net income
(loss) per share:
Basic............................. 160,619 158,468 174,648 176,928 177,279
Diluted ........................... 162,526 158,468 175,591 178,790 179,340
Cash dividend per share.............. $ 0.22 $ 0.85 $ — $ — $ —
Net cash provided by operating activities ... $ 205,421 $ 122,389 $ 202,534 $ 165,122 $ 369,488
Net cash used in investing activities ....... $ (46,803) $ (57,723) $ (57,602) $ (48,241) $ (432,059)
190