Memorex 2009 Annual Report Download - page 6

Financial Highlights
04
Selected Consolidated Financial Data*
(dollars in millions, except per share data)
For the Years Ended December 31,
Statement of Operations Data
Net revenue
Gross profit
Selling, general and administrative
Research and development
Litigation
Goodwill impairment
Restructuring and other
Gain on sale of businesses
Loan impairment
Operating income (loss)
Income (loss) from continuing
operations before cumulative
effect of accounting change
and discontinued operations
Net income (loss)
Earnings (loss) per common share
from continuing operations:
Basic
Diluted
Net earnings (loss) per common share:
Basic
Diluted
Number of shares outstanding
Working capital
Cash and other cash investments(1)
Inventories
Property, plant and equipment, net
Total assets
Long-term debt
Total liabilities
Total shareholders’ equity
Current ratio
Days sales outstanding(2)
Days of inventory supply(2)
Return on average assets(3)
Return on average equity(3)
Dividends per common share
Capital expenditures
Number of employees
Book value per common share
Debt to equity ratio
Tax rate
Operating income (loss) as
percentage of net revenue
2009
$1,649.5
264.0
229.7
20.4
49.0
-
26.6
-
-
(61.7)
(44.0)
(42.2)
(1.17)
(1.17)
(1.13)
(1.13)
37.6
$506.5
163.4
235.7
109.8
1,393.8
-
466.6
927.2
2.4
60
75
(3.1)%
(4.8)%
-
11.0
1,210
$24.66
-
42.6%
(3.7)%
2008
$1,981.0
338.8
287.6
23.6
-
32.4
28.9
-
-
(33.7)
(37.8)
(33.3)
(1.01)
(1.01)
(0.89)
(0.89)
37.4
$484.8
96.6
363.2
122.4
1,540.0
-
595.4
944.6
2.0
63
112
(2.4)%
(3.7)%
$0.56
13.6
1,570
$25.26
-
9.4%
(1.7)%
2007
$1,895.8
345.8
218.9
38.2
-
94.1
33.3
-
-
(38.7)
(56.4)
(50.4)
(1.52)
(1.52)
(1.36)
(1.36)
38.2
$487.7
135.5
366.1
171.5
1,751.0
21.3
697.2
1,053.8
1.8
64
94
(3.6)%
(5.4)%
$0.62
14.5
2,250
$27.59
3.0 %
38.2%
(2.0)%
2006
$1,373.0
327.4
170.0
50.0
-
-
11.9
-
-
95.5
62.0
76.4
1.79
1.76
2.21
2.17
34.8
$485.3
252.5
258.0
178.0
1,382.9
-
436.6
946.3
2.2
56
90
4.8%
6.8%
$0.54
16.0
2,070
$27.19
-
37.2%
7.0%
2005
$1,089.7
284.7
143.1
51.3
-
-
1.2
-
-
89.1
68.3
87.9
2.02
1.97
2.59
2.54
34.3
$643.1
507.6
134.9
195.0
1,146.2
-
290.9
855.3
3.6
46
66
6.1%
8.2%
$0.46
21.6
2,100
$24.94
-
27.0%
8.2%
2004
$1,076.8
282.9
158.2
56.5
-
-
25.2
-
-
43.0
35.9
29.9
1.02
1.01
0.85
0.84
33.8
$510.8
439.6
131.3
214.4
1,110.6
-
323.8
786.8
2.9
45
55
3.2%
4.4%
$0.38
35.8
2,550
$ 23.28
-
16.7%
4.0%
2003
$1,075.1
318.9
161.8
56.4
(1.0)
-
(0.7)
(11.1)
4.6
108.9
75.0
82.0
2.11
2.06
2.31
2.26
35.5
$541.2
424.8
159.4
226.5
1,172.8
-
352.5
820.3
2.8
46
63
6.6%
9.5%
$0.24
75.1
2,800
$23.11
-
32.5%
10.1%
2002
$1,013.6
313.0
173.6
50.5
(6.4)
-
(4.0)
-
-
99.3
66.1
75.1
1.89
1.86
2.15
2.11
35.4
$532.2
474.7
139.0
181.5
1,119.9
-
381.4
738.5
2.7
43
73
6.1 %
9.5 %
-
42.6
2,800
$20.86
-
34.7%
9.8%
2001
$1,068.3
323.5
226.5
61.8
-
-
48.0
(1.9)
-
(10.9)
(4.6)
(1.7)
(0.13)
(0.13)
(0.05)
(0.05)
35.0
$409.7
389.8
130.3
171.2
1,053.7
-
398.0
655.7
2.2
48
61
(0.5)%
(0.7)%
-
47.0
3,400
$18.73
-
60.0%
(1.0)%
2000
$1,171.3
339.0
312.7
64.1
-
-
21.8
-
-
(59.6)
(8.7)
(4.4)
(0.25)
(0.25)
(0.13)
(0.13)
34.6
$395.1
269.7
141.2
200.7
987.9
-
325.4
662.5
2.4
48
64
(0.8)%
(1.3)%
-
50.5
4,300
$19.15
-
77.6%
(5.1)%
1999
$1,337.2
408.3
280.0
72.5
-
-
-
-
-
55.8
37.6
43.9
1.01
1.00
1.18
1.17
36.4
$414.2
194.6
191.3
212.8
1,127.6
1.1
402.3
725.3
2.2
59
81
3.1%
5.1%
-
64.1
4,850
$19.93
0.2%
39.0%
4.2%
N/M — Not meaningful
* See Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, for additional information regarding the financial information presented in this table.
Net income (loss) includes results of discontinued operations. Years prior to 2001 include the results of the Specialty Papers business, which was sold on June 30, 2005.
(1) We invested certain funds in active cash management and classified those investments in other current assets or other assets depending on remaining maturity. These amounts
represented $24.6 million, $42.5 million, and $13.4 million as of December 31, 2005, 2004, and 2003 respectively, in addition to cash and equivalents. These investments have since matured,
which resulted in no active cash management investment balance for the years ended December 31, 2009, 2008, 2007, and 2006.
(2) 2001 excludes the impact of the Color Proofing and Color Software business, which was sold on December 21, 2001. 2002 excludes the impact of the North American Digital Solutions
and Services business, which was sold on August 30, 2002. 2005 excludes the impact of the Specialty Paper business, which was sold on June 30, 2005. 2009 excludes the impact of
Global Data Media, which was discontinued in 2009.
(3) Return percentages are calculated using income (loss) from continuing operations.
Balance Sheet Data
Other Information