Plantronics 2006 Annual Report Download - page 4
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FINANCIAL HIGHLIGHTS
Return on Sales
25%
20%
15%
10%
5%
Investment in Research and Development
(in millions)
$60
$50
$40
$30
$20
Cash from Operating Activities
(in millions)
Total Operating Income
(in millions)
Diluted Earnings per Common Share
$2.00
$1.50
$1.00
$0.50
$0.0
Operations
Net revenues $559,995 $750,394
-----------------------------------------------------------------------------------------------------------------------
Net income $97,520 $81,150
-----------------------------------------------------------------------------------------------------------------------
Diluted earnings per common share $1.92 $1.66
-----------------------------------------------------------------------------------------------------------------------
Shares used in diluted per-share calculations 50,821 48,788
-----------------------------------------------------------------------------------------------------------------------
Financial position
Total assets $487,929 $612,249
-----------------------------------------------------------------------------------------------------------------------
Net working capital $335,523 $201,420
-----------------------------------------------------------------------------------------------------------------------
Stockholders’ equity $405,719 $435,621
-----------------------------------------------------------------------------------------------------------------------
Selected ratios
Gross Profit 51.5% 43.5%
-----------------------------------------------------------------------------------------------------------------------
Operating margin 22.6% 14.7%
-----------------------------------------------------------------------------------------------------------------------
Return on sales 17.4% 10.8%
-----------------------------------------------------------------------------------------------------------------------
Return on average equity 27.7% 19.3%
-----------------------------------------------------------------------------------------------------------------------
Average days sales outstanding 49 50
-----------------------------------------------------------------------------------------------------------------------
Average inventory turns 5.4 5.1
-----------------------------------------------------------------------------------------------------------------------
2005 2006
Net Revenues
(in millions)
$800
$700
$600
$500
$400
$300
$200
$100
--------------------------------------------------------------------------------------------------------------------
$150
$100
$50
$25
$0
‘04 ‘05 ‘06‘02 ‘03 ‘04 ‘05 ‘06‘02 ‘03
‘04 ‘05 ‘06‘02 ‘03
$125
$100
$75
$50
$25
Fiscal year ended March 31 (in thousands, except per-share data).
‘04 ‘05 ‘06‘02 ‘03 ‘04 ‘05 ‘06‘02 ‘03
‘04 ‘05 ‘06‘02 ‘03
$417
$560
$311
$338
$750
$85
$127
$110
$41
$54
$1.31
$1.92
$1.66
$0.74
$0.89
14.9%
17.4%
10.8%
11.6%
12.3%
$35
$45
$63
$30
$34
$72
$94
$78
$77
$50