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11,38011,500Intangible assets, net
10,2949,829Other assets
8,1175,783Total assets
$ 326,866$ 356,345LIABILITIES AND EQUITYCurrent liabilitiesAccounts payable
$ 23,892$ 16,716Accrued compensation
19,47817,793Accrued liabilities
10,8149,754Income taxes payable
1,021477Deferred revenue
14,62414,641Current portion of capital lease obligations
5460Total current liabilities
69,88359,441Deferred revenue
1,979270Capital lease obligations, less current portion
134171Other liabilities
7,4906,775Total liabilities
79,48666,657EquityMasimo Corporation stockholders’ equity:Common stock
5958Treasury stock
(1,209)(1,209)Additional paid-in capital
211,882195,690Accumulated other comprehensive income
77563Retained earnings
34,02294,112Total Masimo Corporation stockholders’ equity
245,529288,714Noncontrolling interest
1,851974Total equity
247,380289,688Total liabilities and equity
$ 326,866$ 356,345MASIMO CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited, in thousands, except per share amounts) Three Months EndedNine Months EndedOctober 2,October 3,October 2,October 3,2010200920102009Revenue:Product
$
88,823$
75,146$
262,647$ 219,690Royalty
12,16512,29537,18636,812Total revenue
100,98887,441299,833256,502Cost of goods sold
29,37625,19888,37973,517Gross profit
71,61262,243211,454182,985Operating expenses:Research and development
9,2277,74227,68822,761Selling, general and administrative
39,54733,476129,86299,122Antitrust litigation expense (proceeds)
—185(30,728)228Total operating expenses
48,77441,403126,822122,111Operating income
22,83820,84084,63260,874Non-operating income
1,2322951,194376Income before provision for income taxes
24,07021,13585,82661,250Provision
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