iRobot 2013 Annual Report Download - page 112
Download and view the complete annual report
Please find page 112 of the 2013 iRobot 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.L52%27&25325$7,21
127(672&2162/,'$7('),1$1&,$/67$7(0(176²&RQWLQXHG
64
)LVFDO<HDU(QGHG
'HFHPEHU
'HFHPEHU
,QWKRXVDQGV
5HYHQXH
1HW,QFRPH
7KHVHSURIRUPDDPRXQWVGRQRWSXUSRUWWREHLQGLFDWLYHRIWKHUHVXOWVWKDWZRXOGKDYHDFWXDOO\EHHQREWDLQHGLIWKH
DFTXLVLWLRQVKDGRFFXUUHGDWWKHEHJLQQLQJRIWKHSHULRGVSUHVHQWHGRUWKDWPD\EHREWDLQHGLQWKHIXWXUH
*RRGZLOODQGRWKHULQWDQJLEOHDVVHWV
7KHFDUU\LQJDPRXQWRIWKHJRRGZLOODW'HFHPEHU LVPLOOLRQPLOOLRQUHVXOWHGIURPWKHDFTXLVLWLRQ
RI(YROXWLRQ5RERWLFV,QFLQ2FWREHUDQGZDVDVVLJQHGWRWKHKRPHURERWVUHSRUWLQJXQLWPLOOLRQQHWRID
VXEVHTXHQWZULWH-GRZQRIPLOOLRQUHVXOWHGIURPWKHDFTXLVLWLRQRI1HNWRQ5HVHDUFK//&FRPSOHWHGLQ6HSWHPEHU
DQGZDVDVVLJQHGWRWKHGHIHQVHDQGVHFXULW\UHSRUWLQJXQLW,QFRQMXQFWLRQZLWKWKHUHRUJDQL]DWLRQFRPSOHWHGDVRIWKH
EHJLQQLQJRIWKHILVFDO\HDUWKHGHIHQVHDQGVHFXULW\UHSRUWLQJXQLWZDVGLYLGHGLQWRWZRUHSRUWLQJXQLWVWKHGHIHQVHDQG
VHFXULW\UHSRUWLQJXQLWDQGWKHUHVHDUFKUHSRUWLQJXQLW$VDUHVXOWWKHJRRGZLOORIPLOOLRQZDVUHDVVLJQHGXWLOL]LQJD
UHODWLYHIDLUYDOXHDOORFDWLRQDSSURDFKPLOOLRQDQGPLOOLRQZHUHUHDVVLJQHGWRWKHGHIHQVHDQGVHFXULW\DQGUHVHDUFK
UHSRUWLQJXQLWVUHVSHFWLYHO\
'XULQJWKHVHFRQGTXDUWHURIWKH&RPSDQ\GHFLGHGWRUHIRFXVLWVIXQGHGUHVHDUFKDFWLYLWLHV7KH&RPSDQ\
FRQVLGHUHGWKLVGHFLVLRQWREHDQLPSDLUPHQWLQGLFDWRUUHTXLULQJDQLQWHULPLPSDLUPHQWWHVWZLWKLQWKHUHVHDUFKUHSRUWLQJXQLW
7KH&RPSDQ\SHUIRUPHGDQLPSDLUPHQWDVVHVVPHQWXVLQJWKHLQFRPHDSSURDFKDQGGHWHUPLQHGWKDWJRRGZLOOZDVLPSDLUHG
7KH&RPSDQ\UHFRUGHGDQLPSDLUPHQWORVVRIPLOOLRQZLWKLQJHQHUDODQGDGPLQLVWUDWLYHH[SHQVHVGXULQJWKHILVFDO\HDU
HQGHG'HFHPEHU
,QWKHIRXUWKTXDUWHURIWKH&RPSDQ\FRPSOHWHGLWVDQQXDOJRRGZLOOLPSDLUPHQWWHVW7KHILUVWVWHSRIWKHWZR-VWHS
LPSDLUPHQWWHVWZKLFKLQYROYHVFRPSDULQJWKHIDLUYDOXHVRIWKHDSSOLFDEOHUHSRUWLQJXQLWVZLWKWKHLUDJJUHJDWHFDUU\LQJYDOXHV
LQFOXGLQJJRRGZLOOZDVFRPSOHWHGDQGWKH&RPSDQ\GLGQRWLGHQWLI\DQ\DGGLWLRQDOJRRGZLOOLPSDLUPHQW
2WKHULQWDQJLEOHDVVHWVLQFOXGHWKHYDOXHDVVLJQHGWRFRPSOHWHGWHFKQRORJ\UHVHDUFKFRQWUDFWVDQGWUDGHQDPHV7KH
HVWLPDWHGXVHIXOOLYHVIRUDOORIWKHVHLQWDQJLEOHDVVHWVDUHWZRWRWHQ\HDUV7KHLQWDQJLEOHDVVHWVDUHEHLQJDPRUWL]HGRQD
VWUDLJKW-OLQHEDVLVZKLFKLVFRQVLVWHQWZLWKWKHSDWWHUQWKDWWKHHVWLPDWHGHFRQRPLFEHQHILWVRIWKHLQWDQJLEOHDVVHWVDUHH[SHFWHG
WREHXWLOL]HG
,QWDQJLEOHDVVHWVDW'HFHPEHU DQG'HFHPEHU FRQVLVWHGRIWKHIROORZLQJ
'HFHPEHU
'HFHPEHU
&RVW $FFXPXODWHG
$PRUWL]DWLRQ ,PSDLUPHQW
/RVV
1HW
&RVW
$FFXPXODWHG
$PRUWL]DWLRQ 1HW
,QWKRXVDQGV
&RPSOHWHGWHFKQRORJ\
5HVHDUFKFRQWUDFWV
²
²
²
7UDGHQDPH
²
7RWDO
$VSDUWRIWKH&RPSDQ\VGHFLVLRQGXULQJWRUHIRFXVLWVIXQGHGUHVHDUFKDFWLYLWLHVWKH&RPSDQ\GHFLGHGWRQR
ORQJHUSXUVXHFHUWDLQUHVHDUFKFRQWUDFWVLQZKLFKFRPSOHWHGWHFKQRORJ\DFTXLUHGDVSDUWRIWKHDFTXLVLWLRQRI1HNWRQ5HVHDUFK
//&ZDVXWLOL]HG$VDUHVXOWWKH&RPSDQ\SHUIRUPHGDQLPSDLUPHQWDVVHVVPHQWRIWKHDVVRFLDWHGLQWDQJLEOHDVVHWXVLQJWKH
LQFRPHDSSURDFKDQGUHFRUGHGDQLPSDLUPHQWORVVRIPLOOLRQZLWKLQJHQHUDODQGDGPLQLVWUDWLYHH[SHQVHVGXULQJWKHILVFDO
\HDUHQGHG'HFHPEHU
$PRUWL]DWLRQH[SHQVHUHODWHGWRDFTXLUHGLQWDQJLEOHDVVHWVZDVPLOOLRQPLOOLRQDQGPLOOLRQIRUWKHILVFDO
\HDUVHQGHG'HFHPEHU 'HFHPEHU DQG'HFHPEHU UHVSHFWLYHO\7KHHVWLPDWHGIXWXUHDPRUWL]DWLRQ
H[SHQVHUHODWHGWRFXUUHQWLQWDQJLEOHDVVHWVLQHDFKRIWKHILYHVXFFHHGLQJILVFDO\HDUVLVH[SHFWHGWREHDVIROORZV