LOGI FY 2020 Earnings Report — Logitech International S.A. Revenue & Financial Results | Market Cap Arena

Logitech International S.A.LOGI

FY 2020 Earnings

Reported May 27, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$3.0B	—	$2.8B	—	6.7%
Op. Income	$276M	—	$263M	—	5.1%
Gross Margin	38.2%	—	37.7%	—	0.5pp
Net Margin	15.1%	—	9.2%	—	5.9pp
EPS (Diluted)	$2.66	—	$1.52	—	75.0%
Free Cash Flow	$386M	—	$269M	—	43.2%

Revenue Flow

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.1B
R&D Expenses	$178M
Selling & Marketing	$533M
General & Administrative	$94M
SG&A Expenses	$627M
Other Expenses	$56M
Operating Expenses	$861M
Cost & Expenses	$2.7B
OPERATING INCOME	$276M
Interest Income	$10M
Interest Expense	$0
Other Income/Expenses	$48M
INCOME BEFORE TAX	$324M
Income Tax Expense	-$125M
Net Income from Continuing Ops	$450M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$450M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$450M
D&A	$74M
EBIT	$302M
EBITDA	$376M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.1B
R&D Expenses	$178M
Selling & Marketing	$533M
General & Administrative	$94M
SG&A Expenses	$627M
Other Expenses	$56M
Operating Expenses	$861M
Cost & Expenses	$2.7B
OPERATING INCOME	$276M
Interest Income	$10M
Interest Expense	$0
Other Income/Expenses	$48M
INCOME BEFORE TAX	$324M
Income Tax Expense	-$125M
Net Income from Continuing Ops	$450M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$450M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$450M
D&A	$74M
EBIT	$302M
EBITDA	$376M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$450M
Depreciation & Amortization	$74M
Stock-Based Compensation	$55M
Deferred Income Tax	-$160M
Other Non-Cash Items	-$17M
Change in Working Capital	$23M
OPERATING CASH FLOW	$425M
Capital Expenditure	-$39M
Acquisitions (Net)	-$92M
Purchases of Investments	-$12M
Sales/Maturities of Investments	$12M
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$130M
Net Debt Issuance	$0
Common Stock Repurchased	-$50M
Common Dividends Paid	-$124M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$177M
FREE CASH FLOW	$386M
Net Change in Cash	$111M

Balance Sheet

Item	Amount
Cash & Equivalents	$716M
Short-Term Investments	$0
Net Receivables	$428M
Inventory	$229M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$102M
Goodwill	$401M
Intangible Assets	$127M
Long-Term Investments	$46M
Tax Assets	$241M
Other Non-Current Assets	$33M
TOTAL NON-CURRENT ASSETS	$949M
TOTAL ASSETS	$2.4B
Account Payables	$259M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$146M
TOTAL CURRENT LIABILITIES	$714M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$139M
TOTAL NON-CURRENT LIABILITIES	$160M
TOTAL LIABILITIES	$874M
Common Stock	$30M
Additional Paid-In Capital	$75M
Retained Earnings	$1.7B
Treasury Stock	-$186M
Accum. Other Comp. Income	-$121M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$30M
Net Debt	-$685M