LOGI FY 2014 Earnings Report — Logitech International S.A. Revenue & Financial Results | Market Cap Arena

Logitech International S.A.LOGI

FY 2014 Earnings

Reported November 13, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.0B	—	$2.1B	—	-4.3%
Op. Income	$119M	—	$8M	—	1323.1%
Gross Margin	33.2%	—	33.8%	—	-0.6pp
Net Margin	3.7%	—	-10.8%	—	14.5pp
EPS (Diluted)	$0.46	—	$-1.44	—	131.9%
Free Cash Flow	$159M	—	$68M	—	133.8%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.3B
GROSS PROFIT	$667M
R&D Expenses	$112M
Selling & Marketing	$323M
General & Administrative	$113M
SG&A Expenses	$435M
Other Expenses	$0
Operating Expenses	$559M
Cost & Expenses	$1.9B
OPERATING INCOME	$119M
Interest Income	$2M
Interest Expense	$2M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$107M
Income Tax Expense	$1M
Net Income from Continuing Ops	$106M
Net Income from Discontinued Ops	$0
Other Adjustments	-$32M
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$48M
EBIT	$119M
EBITDA	$167M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.3B
GROSS PROFIT	$667M
R&D Expenses	$112M
Selling & Marketing	$323M
General & Administrative	$113M
SG&A Expenses	$435M
Other Expenses	$0
Operating Expenses	$559M
Cost & Expenses	$1.9B
OPERATING INCOME	$119M
Interest Income	$2M
Interest Expense	$2M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$107M
Income Tax Expense	$1M
Net Income from Continuing Ops	$106M
Net Income from Discontinued Ops	$0
Other Adjustments	-$32M
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$48M
EBIT	$119M
EBITDA	$167M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$74M
Depreciation & Amortization	$67M
Stock-Based Compensation	$26M
Deferred Income Tax	-$4M
Other Non-Cash Items	$0
Change in Working Capital	$42M
OPERATING CASH FLOW	$205M
Capital Expenditure	-$47M
Acquisitions (Net)	-$650.0K
Purchases of Investments	-$9M
Sales/Maturities of Investments	$9M
Other Investing Activities	-$39.0K
NET CASH FROM INVESTING	-$47M
Net Debt Issuance	$0
Common Stock Repurchased	-$6M
Common Dividends Paid	-$36M
Other Financing Activities	$13M
NET CASH FROM FINANCING	-$23M
FREE CASH FLOW	$159M
Net Change in Cash	$136M

Balance Sheet

Item	Amount
Cash & Equivalents	$469M
Short-Term Investments	$0
Net Receivables	$200M
Inventory	$222M
Other Current Assets	$27M
TOTAL CURRENT ASSETS	$933M
PP&E (Net)	$88M
Goodwill	$345M
Intangible Assets	$11M
Long-Term Investments	$17M
Tax Assets	$53M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$518M
TOTAL ASSETS	$1.5B
Account Payables	$243M
Short-Term Debt	$0
Deferred Revenue	$23M
Other Current Liabilities	$74M
TOTAL CURRENT LIABILITIES	$455M
Long-Term Debt	$0
Deferred Revenue NC	$9M
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$181M
TOTAL NON-CURRENT LIABILITIES	$192M
TOTAL LIABILITIES	$647M
Common Stock	$30M
Additional Paid-In Capital	$0
Retained Earnings	$976M
Treasury Stock	-$117M
Accum. Other Comp. Income	-$86M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$804M
Minority Interest	$0
TOTAL EQUITY	$804M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$0
Net Debt	-$469M