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Balance Sheet for iRobot All numbers in thousands 12/31/2016 12/31/2015 Cash 214,523 179,915 Short Term Investments 39,930 33,124 AR 72,909 104,679 Unbilled Revenue 139 452

Balance Sheet for iRobot
All numbers in thousands
12/31/2016 12/31/2015
Cash 214,523 179,915
Short Term Investments 39,930 33,124
AR 72,909 104,679
Unbilled Revenue 139 452
Raw Materials 4,717 9,082
Work in Process 0 0
Finished Goods 45,861 52,596
Other Current Assets 5,591 9,501
Total Current Assets 383,670 389,349
PP&E 27,532 26,850
Goodwill 41,041 48,751
Intangible Assets 12,207 15,664
Other assets 43,462 41,129
507,912 521,743
AP 67,281 61,655
Accrued Expenses 19,854 15,954
Salaries Payable 21,015 15,752
Unearned Revenue 4,486 3,265
Total Current Liabilities 112,636 96,626
Long Term Liabilities 6,310 7,706
Common Stock 162,016 232,400
Retained Earnings 226,950 185,011
Total Stockholder's Equity 388,966 417,411
Total Liab & SE 507,912 521,743
Income Statement for iRobot
Sales 660,604 616,778
COGS 341,289 327,852
Gross Margin 319,315 288,926
Operating Expenses:
Research and Development 79,805 76,071
Selling & Marketing 115,125 97,772
General and Admin 66,828 54,465
Total Operating Expenses 261,758 228,308
Operating Income 57,557 60,618
Other income 3,804 2,353
Income Before Taxes 61,361 62,971
Income Tax Expense 19,422 18,841
Net Income 41,939 44,130
Units Shipped (sold) 2,943 2,436

Suppose Raw materials purchased in 2016 were $15209. Assume all other data is as presented in the financial statements. What were raw materials used?

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