Plantronics 2008 Annual Report Download - page 57

Download and view the complete annual report

Please find page 57 of the 2008 Plantronics annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

51
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
PLANTRONICS, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
2007 2008
ASSETS
Current assets:
Cash and cash equivalents $ 94,131 $ 163,091
Short-term investments 9,234 -
Accounts receivable, net 113,758 131,493
Inventory 126,605 127,088
Deferred income taxes 12,659 13,760
Other current assets 18,474 14,771
Total current assets 374,861 450,203
Long-term investments - 25,136
Property, plant and equipment, net 97,259 98,530
Intangibles, net 100,120 91,511
Goodwill 72,825 69,171
Other assets 6,239 6,842
Total assets $651,304 $ 741,393
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 49,956 $ 47,896
Accrued liabilities 54,025 67,318
Income taxes payable 12,476 -
Total current liabilities 116,457 115,214
Deferred tax liability 37,344 32,570
Long-term income taxes payable - 14,137
Other long-term liabilities 696 852
Total liabilities 154,497 162,773
Commitments and contingencies (Note 11)
Stockholders' equity:
Preferred stock, $0.01 par value per share; 1,000 shares
authorized, no shares outstanding - -
Common stock, $0.01 par value per share; 100,000 shares
authorized, 66,641 shares and 67,295 shares issued
at 2007 and 2008, respectively 666 673
Additional paid-in capital 340,661 369,655
Accumulated other comprehensive income (loss) 2,666 (3,581)
Retained earnings 550,165 608,849
894,158 975,596
Less: Treasury stock (common: 18,576 and 18,351 shares
at 2007 and 2008, respectively) at cost (397,351) (396,976)
Total stockholders' equity 496,807 578,620
Total liabilities and stockholders' equit
y
$651,304 $ 741,393
March 31,
The accompanying notes are an integral part of these consolidated financial statements.