Logitech 2014 Annual Report Download - page 219

Three months ended June 30, 2011
As Reported Adjustments As Restated
Cash flows from operating activities:
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (29,606) $ 34,074(1) $ 4,109
(1,294)(3)
935(4)
Adjustments to reconcile net income (loss) to net cash provided by
operating activities:
Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,172 1,630(2) 14,961
159(4)
Amortization of other intangible assets . . . . . . . . . . . . . . . . . . . 6,630 166(4) 6,796
Share-based compensation expense . . . . . . . . . . . . . . . . . . . . . . 9,715 — 9,715
Gain on disposal of property, plant and equipment . . . . . . . . . . (4,904) — (4,904)
Inventory valuation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . 34,074 (34,074)(1) —
Excess tax benefits from share-based compensation . . . . . . . . . (24) — (24)
Deferred income taxes and other . . . . . . . . . . . . . . . . . . . . . . . . (13,701) 639(4) (13,062)
Changes in assets and liabilities, net of acquisitions:
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,097 — 19,097
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (54,783) — (54,783)
Other assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6,015) 957(4) (5,058)
Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,346 (17)(4) 29,329
Accrued and other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . 743 (1,545)(4) (802)
Net cash provided by operating activities . . . . . . . . . . . . . . 3,744 1,630 5,374
Cash flows from investing activities:
Purchases of property, plant and equipment . . . . . . . . . . . . . . . . . . (10,561) (1,630)(2) (12,191)
Proceeds from sales of property and plant . . . . . . . . . . . . . . . . . . . 4,904 — 4,904
Purchases of trading investments . . . . . . . . . . . . . . . . . . . . . . . . . . (3,545) — (3,545)
Proceeds from sales of trading investments . . . . . . . . . . . . . . . . . . 3,500 — 3,500
Net cash used in investing activities . . . . . . . . . . . . . . . . . . (5,702) (1,630) (7,332)
Cash flows from financing activities:
Proceeds from sales of shares upon exercise of options
and purchase rights. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 607 — 607
Tax withholdings related to net share settlements of
restricted stock units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (176) — (176)
Excess tax benefits from share-based compensation . . . . . . . . . . . 24 — 24
Net cash used in financing activities . . . . . . . . . . . . . . . . . . 455 — 455
Effect of exchange rate changes on cash and cash equivalents. . . . . . . (61) — (61)
Net increase (decrease) in cash and cash equivalents . . . . . (1,564) — (1,564)
Cash and cash equivalents at beginning of period . . . . . . . . . . . . . . . . 477,931 — 477,931
Cash and cash equivalents at end of period. . . . . . . . . . . . . . . . . . . . . . $ 476,367 $ — $ 476,367
* “As Reported” numbers in the above tables are derived from the Company’s previously issued Quarterly
Report on Form 10-Q filed on August 8, 2011.
ANNUAl REPORT
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