LOGI FY 2019 Earnings Report — Logitech International S.A. Revenue & Financial Results | Market Cap Arena

Logitech International S.A.LOGI

FY 2019 Earnings

Reported May 17, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.6B	—	8.6%
Op. Income	$263M	—	$230M	—	14.6%
Gross Margin	37.7%	—	35.8%	—	1.9pp
Net Margin	9.2%	—	8.1%	—	1.1pp
EPS (Diluted)	$1.52	—	$1.23	—	23.6%
Free Cash Flow	$269M	—	$307M	—	-12.2%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.1B
R&D Expenses	$161M
Selling & Marketing	$488M
General & Administrative	$99M
SG&A Expenses	$586M
Other Expenses	$40M
Operating Expenses	$787M
Cost & Expenses	$2.5B
OPERATING INCOME	$263M
Interest Income	$8M
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$271M
Income Tax Expense	$14M
Net Income from Continuing Ops	$258M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$258M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$258M
D&A	$68M
EBIT	$277M
EBITDA	$345M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.1B
R&D Expenses	$161M
Selling & Marketing	$488M
General & Administrative	$99M
SG&A Expenses	$586M
Other Expenses	$40M
Operating Expenses	$787M
Cost & Expenses	$2.5B
OPERATING INCOME	$263M
Interest Income	$8M
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$271M
Income Tax Expense	$14M
Net Income from Continuing Ops	$258M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$258M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$258M
D&A	$68M
EBIT	$277M
EBITDA	$345M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$258M
Depreciation & Amortization	$68M
Stock-Based Compensation	$50M
Deferred Income Tax	-$12M
Other Non-Cash Items	-$1M
Change in Working Capital	-$57M
OPERATING CASH FLOW	$305M
Capital Expenditure	-$36M
Acquisitions (Net)	-$134M
Purchases of Investments	-$7M
Sales/Maturities of Investments	$6M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$173M
Net Debt Issuance	$0
Common Stock Repurchased	-$63M
Common Dividends Paid	-$114M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	-$159M
FREE CASH FLOW	$269M
Net Change in Cash	-$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$605M
Short-Term Investments	$0
Net Receivables	$418M
Inventory	$293M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$79M
Goodwill	$344M
Intangible Assets	$119M
Long-Term Investments	$16M
Tax Assets	$91M
Other Non-Current Assets	$26M
TOTAL NON-CURRENT ASSETS	$674M
TOTAL ASSETS	$2.0B
Account Payables	$284M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$149M
TOTAL CURRENT LIABILITIES	$718M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$128M
TOTAL NON-CURRENT LIABILITIES	$130M
TOTAL LIABILITIES	$848M
Common Stock	$30M
Additional Paid-In Capital	$57M
Retained Earnings	$1.4B
Treasury Stock	-$170M
Accum. Other Comp. Income	-$106M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$0
Net Debt	-$605M