Memorex 2012 Annual Report Download - page 23

Item 6. Selected Financial Data.*
2012 2011 2010 2009 2008
(Dollars in millions, except per share data)
Statement of Operations Data:
Net revenue ................................... $1,099.6 $1,290.4 $1,460.9 $1,649.5 $1,981.0
Gross profit .................................... 202.3 216.7 226.4 264.0 338.8
Selling, general and administrative ................... 210.7 203.7 202.5 229.7 287.6
Research and development ........................ 22.8 21.0 16.4 20.4 23.6
Litigation settlement ............................. — 2.0 2.6 49.0 —
Goodwill impairment ............................. 23.3 1.6 23.5 — 32.4
Intangible impairments ........................... 260.5 ————
Restructuring and other ........................... 21.1 21.5 51.1 26.6 28.9
Operating loss .................................. (336.1) (33.1) (69.7) (61.7) (33.7)
Loss from continuing operations .................... (340.7) (46.7) (158.3) (44.0) (37.8)
Net loss ...................................... (340.7) (46.7) (158.5) (42.2) (33.3)
Loss per common share from continuing operations:
Basic ...................................... (9.09) (1.24) (4.19) (1.17) (1.01)
Diluted ..................................... (9.09) (1.24) (4.19) (1.17) (1.01)
Net loss per common share:
Basic ...................................... (9.09) (1.24) (4.19) (1.13) (0.89)
Diluted ..................................... (9.09) (1.24) (4.19) (1.13) (0.89)
Balance Sheet Data:
Cash and cash equivalents ........................ $ 108.7 $ 223.1 $ 304.9 $ 163.4 $ 96.6
Accounts receivable, net .......................... 220.8 234.9 258.8 314.9 378.3
Inventories .................................... 166.0 208.8 203.3 235.7 363.2
Property, plant and equipment, net .................. 58.9 55.4 66.9 109.8 122.4
Intangible assets, net ............................ 81.9 321.7 320.4 337.3 357.0
Total assets ................................... 793.5 1,149.3 1,251.0 1,393.8 1,540.0
Accounts payable ............................... 162.7 205.2 219.2 201.4 296.1
Long-term debt ................................. —————
Total liabilities .................................. 393.1 425.6 469.3 466.6 595.4
Total shareholders’ equity ......................... 400.4 723.7 781.7 927.2 944.6
Other Information:
Current ratio ................................... 1.6 2.0 2.1 2.4 2.0
Days sales outstanding(1) ......................... 59 58 57 60 63
Days of inventory supply(1) ........................ 89 85 69 75 112
Return on average assets(2) ....................... (35.5)% (3.9)% (11.8)% (3.1)% (2.4)%
Return on average equity(2) ....................... (60.6)% (6.2)% (18.0)% (4.8)% (3.7)%
Dividends per common share ...................... $ — $ — $ — $ — $ 0.56
Capital expenditures ............................. $ 10.2 $ 7.3 $ 8.3 $ 11.0 $ 13.6
Number of employees ............................ 1,230 1,130 1,115 1,210 1,570
* 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.
(1) These operational measures, which we regularly use, are provided to assist in the investor’s further understanding of our
operations. Days sales outstanding is calculated using the count-back method, which calculates the number of days of
most recent revenue that are reflected in the net accounts receivable balance. Days of inventory supply is calculated
using the current period inventory balance divided by an estimate of the inventoriable portion of cost of goods sold
expressed in days.
(2) Return percentages are calculated using (loss) income from continuing operations.
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