LOGI FY 2012 Earnings Report — Logitech International S.A. Revenue & Financial Results | Market Cap Arena

Logitech International S.A.LOGI

FY 2012 Earnings

Reported May 30, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$2.3B	—	—	—	—
Op. Income	$114M	—	—	—	—
Gross Margin	34.9%	—	—	—	—
Net Margin	3.1%	—	—	—	—
EPS (Diluted)	$0.41	—	—	—	—
Free Cash Flow	$148M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.5B
GROSS PROFIT	$808M
R&D Expenses	$162M
Selling & Marketing	$422M
General & Administrative	$110M
SG&A Expenses	$532M
Other Expenses	$0
Operating Expenses	$694M
Cost & Expenses	$2.2B
OPERATING INCOME	$114M
Interest Income	$3M
Interest Expense	$447.0K
Other Income/Expenses	$10M
INCOME BEFORE TAX	$124M
Income Tax Expense	$19M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	-$35M
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$70M
D&A	$79M
EBIT	$125M
EBITDA	$204M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.5B
GROSS PROFIT	$808M
R&D Expenses	$162M
Selling & Marketing	$422M
General & Administrative	$110M
SG&A Expenses	$532M
Other Expenses	$0
Operating Expenses	$694M
Cost & Expenses	$2.2B
OPERATING INCOME	$114M
Interest Income	$3M
Interest Expense	$447.0K
Other Income/Expenses	$10M
INCOME BEFORE TAX	$124M
Income Tax Expense	$19M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	-$35M
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$70M
D&A	$79M
EBIT	$125M
EBITDA	$204M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$71M
Depreciation & Amortization	$79M
Stock-Based Compensation	$32M
Deferred Income Tax	$137.0K
Other Non-Cash Items	$19M
Change in Working Capital	$2M
OPERATING CASH FLOW	$199M
Capital Expenditure	-$51M
Acquisitions (Net)	-$19M
Purchases of Investments	-$8M
Sales/Maturities of Investments	$14M
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$54M
Net Debt Issuance	$0
Common Stock Repurchased	-$156M
Common Dividends Paid	$0
Other Financing Activities	$17M
NET CASH FROM FINANCING	-$139M
FREE CASH FLOW	$148M
Net Change in Cash	$439.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$478M
Short-Term Investments	$0
Net Receivables	$242M
Inventory	$297M
Other Current Assets	$27M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$95M
Goodwill	$561M
Intangible Assets	$52M
Long-Term Investments	$14M
Tax Assets	$54M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$783M
TOTAL ASSETS	$1.8B
Account Payables	$301M
Short-Term Debt	$0
Deferred Revenue	$19M
Other Current Liabilities	$18M
TOTAL CURRENT LIABILITIES	$497M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$227M
TOTAL NON-CURRENT LIABILITIES	$230M
TOTAL LIABILITIES	$727M
Common Stock	$33M
Additional Paid-In Capital	$0
Retained Earnings	$1.5B
Treasury Stock	-$344M
Accum. Other Comp. Income	-$96M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$0
Net Debt	-$478M