Understanding financial statements Chapter 3 case 3.3

The following excerpts are from the Logitech International S.4 CH INTERNATIONAL S.A. CONSOLIDATED STATEM rnational S.A. Form 10-K Logitech Intel 150 CHAPTER3 Income Case 3.3 Year ended March 31 2012 In thousands, except per share amounts) 2011 LOGITECH IN 2013 $ 2,316,203 $ 2,099,883 1,392,581 707,302 1,539,6141,526,380 836,506 Net sales Cost of goods sold Gross profit Operating expenses: 776,589 423,854 118,423 431,598 153,922 162,331420,580 113,824 216,688 43,704 959,736 (252,434) Marketing and selling 116,880 Research and development General and administrative Impairment of goodwill and other assets 704,608 71,981 2,674 16,622 91,277 19,819 693,850 142,656 Restructuring charges Total operating expenses Operating income (loss) Interest income, net Other income (expense), net Income (loss) before income taxes Provision for (benefit from) income taxes Net income (loss) (2,198) (253,725) (25,588) 2316 3,476 148,448 19,988 $ (228.137) $ 71.458 s 128,460 Net income (loss) per share: Basic Diluted (1.44) $ 0.41 0.73 $ (1.44) 0.41 0.2 Shares used to compute net income (loss) per share: Basic Diluted 158,468 158,468 $ 0.85 $ 174,648 175,591 176,928 178,790 Cash dividends per share Item 1. Business Company Overview Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainm platforms, we develop and market innovative hardware and software products tde enable or enhance digital navigation networking, and audi o and video communication over the Internet. , music and video entertainment, gamings Logitech was founded in Switzerland in 1981, and Logitech Internatitooal s ben the parent holding company of Logitech since 1988.Logitech Intena ch since 1988. Logitech International SA Inietonal S.A. has