LOGI FY 2018 Earnings Report — Logitech International S.A. Revenue & Financial Results | Market Cap Arena

Logitech International S.A.LOGI

FY 2018 Earnings

Reported May 21, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.2B	—	15.6%
Op. Income	$230M	—	$212M	—	8.4%
Gross Margin	35.8%	—	37.2%	—	-1.4pp
Net Margin	8.1%	—	9.3%	—	-1.1pp
EPS (Diluted)	$1.23	—	$1.16	—	6.0%
Free Cash Flow	$307M	—	$247M	—	24.1%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.6B
GROSS PROFIT	$918M
R&D Expenses	$144M
Selling & Marketing	$435M
General & Administrative	$96M
SG&A Expenses	$531M
Other Expenses	$13M
Operating Expenses	$688M
Cost & Expenses	$2.3B
OPERATING INCOME	$230M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$232M
Income Tax Expense	$24M
Net Income from Continuing Ops	$209M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$209M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$209M
D&A	$57M
EBIT	$227M
EBITDA	$283M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.6B
GROSS PROFIT	$918M
R&D Expenses	$144M
Selling & Marketing	$435M
General & Administrative	$96M
SG&A Expenses	$531M
Other Expenses	$13M
Operating Expenses	$688M
Cost & Expenses	$2.3B
OPERATING INCOME	$230M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$232M
Income Tax Expense	$24M
Net Income from Continuing Ops	$209M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$209M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$209M
D&A	$57M
EBIT	$227M
EBITDA	$283M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$209M
Depreciation & Amortization	$57M
Stock-Based Compensation	$44M
Deferred Income Tax	$7M
Other Non-Cash Items	-$6M
Change in Working Capital	$35M
OPERATING CASH FLOW	$346M
Capital Expenditure	-$40M
Acquisitions (Net)	-$88M
Purchases of Investments	-$13M
Sales/Maturities of Investments	$13M
Other Investing Activities	-$633.0K
NET CASH FROM INVESTING	-$129M
Net Debt Issuance	$0
Common Stock Repurchased	-$61M
Common Dividends Paid	-$104M
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$128M
FREE CASH FLOW	$307M
Net Change in Cash	$94M

Balance Sheet

Item	Amount
Cash & Equivalents	$642M
Short-Term Investments	$0
Net Receivables	$244M
Inventory	$260M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$86M
Goodwill	$275M
Intangible Assets	$88M
Long-Term Investments	$12M
Tax Assets	$85M
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$570M
TOTAL ASSETS	$1.7B
Account Payables	$294M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$123M
TOTAL CURRENT LIABILITIES	$576M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$115M
TOTAL NON-CURRENT LIABILITIES	$117M
TOTAL LIABILITIES	$693M
Common Stock	$30M
Additional Paid-In Capital	$47M
Retained Earnings	$1.2B
Treasury Stock	-$166M
Accum. Other Comp. Income	-$93M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$0
Net Debt	-$642M