LOGI FY 2006 Earnings Report — Logitech International S.A. Revenue & Financial Results | Market Cap Arena

Logitech International S.A.LOGI

FY 2006 Earnings

Reported May 19, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$1.8B	—	—	—	—
Op. Income	$199M	—	—	—	—
Gross Margin	32.0%	—	—	—	—
Net Margin	10.1%	—	—	—	—
EPS (Diluted)	$0.91	—	—	—	—
Free Cash Flow	$98M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$574M
R&D Expenses	$88M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$287M
Other Expenses	$0
Operating Expenses	$375M
Cost & Expenses	$1.6B
OPERATING INCOME	$199M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	$11M
INCOME BEFORE TAX	$210M
Income Tax Expense	$29M
Net Income from Continuing Ops	$181M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$181M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$181M
D&A	$35M
EBIT	$199M
EBITDA	$233M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$574M
R&D Expenses	$88M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$287M
Other Expenses	$0
Operating Expenses	$375M
Cost & Expenses	$1.6B
OPERATING INCOME	$199M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	$11M
INCOME BEFORE TAX	$210M
Income Tax Expense	$29M
Net Income from Continuing Ops	$181M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$181M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$181M
D&A	$35M
EBIT	$199M
EBITDA	$233M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$181M
Depreciation & Amortization	$35M
Stock-Based Compensation	$0
Deferred Income Tax	-$5M
Other Non-Cash Items	$254.0K
Change in Working Capital	-$59M
OPERATING CASH FLOW	$152M
Capital Expenditure	-$54M
Acquisitions (Net)	$860.0K
Purchases of Investments	$560.0K
Sales/Maturities of Investments	-$560.0K
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$55M
Net Debt Issuance	$5M
Common Stock Repurchased	-$241M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$187M
FREE CASH FLOW	$98M
Net Change in Cash	-$96M

Balance Sheet

Item	Amount
Cash & Equivalents	$245M
Short-Term Investments	$0
Net Receivables	$290M
Inventory	$197M
Other Current Assets	$20M
TOTAL CURRENT ASSETS	$766M
PP&E (Net)	$75M
Goodwill	$135M
Intangible Assets	$11M
Long-Term Investments	$0
Tax Assets	$22M
Other Non-Current Assets	$48M
TOTAL NON-CURRENT ASSETS	$291M
TOTAL ASSETS	$1.1B
Account Payables	$181M
Short-Term Debt	$14M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$358M
Long-Term Debt	$4.0K
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$14M
TOTAL LIABILITIES	$372M
Common Stock	$33M
Additional Paid-In Capital	$100M
Retained Earnings	$766M
Treasury Stock	-$186M
Accum. Other Comp. Income	-$28M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$685M
Minority Interest	$0
TOTAL EQUITY	$685M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$14M
Net Debt	-$231M