LOGI FY 2021 Earnings Report — Logitech International S.A. Revenue & Financial Results | Market Cap Arena

Logitech International S.A.LOGI

FY 2021 Earnings

Reported May 12, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$5.3B	—	$3.0B	—	76.5%
Op. Income	$1.1B	—	$276M	—	315.2%
Gross Margin	44.7%	—	38.2%	—	6.5pp
Net Margin	18.0%	—	15.1%	—	2.9pp
EPS (Diluted)	$5.51	—	$2.66	—	107.1%
Free Cash Flow	$1.4B	—	$386M	—	258.6%

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$2.9B
GROSS PROFIT	$2.3B
R&D Expenses	$226M
Selling & Marketing	$770M
General & Administrative	$167M
SG&A Expenses	$937M
Other Expenses	$38M
Operating Expenses	$1.2B
Cost & Expenses	$4.1B
OPERATING INCOME	$1.1B
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	-$5.0K
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$201M
Net Income from Continuing Ops	$947M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$947M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$947M
D&A	$83M
EBIT	$1.2B
EBITDA	$1.2B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$2.9B
GROSS PROFIT	$2.3B
R&D Expenses	$226M
Selling & Marketing	$770M
General & Administrative	$167M
SG&A Expenses	$937M
Other Expenses	$38M
Operating Expenses	$1.2B
Cost & Expenses	$4.1B
OPERATING INCOME	$1.1B
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	-$5.0K
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$201M
Net Income from Continuing Ops	$947M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$947M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$947M
D&A	$83M
EBIT	$1.2B
EBITDA	$1.2B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$947M
Depreciation & Amortization	$83M
Stock-Based Compensation	$86M
Deferred Income Tax	$34M
Other Non-Cash Items	$564M
Change in Working Capital	-$255M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$76M
Acquisitions (Net)	-$48M
Purchases of Investments	-$12M
Sales/Maturities of Investments	$16M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$120M
Net Debt Issuance	$0
Common Stock Repurchased	-$162M
Common Dividends Paid	-$144M
Other Financing Activities	-$34M
NET CASH FROM FINANCING	-$300M
FREE CASH FLOW	$1.4B
Net Change in Cash	$1.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.8B
Short-Term Investments	$0
Net Receivables	$680M
Inventory	$661M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$145M
Goodwill	$430M
Intangible Assets	$115M
Long-Term Investments	$43M
Tax Assets	$211M
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$983M
TOTAL ASSETS	$4.1B
Account Payables	$823M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$209M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$176M
TOTAL NON-CURRENT LIABILITIES	$199M
TOTAL LIABILITIES	$1.9B
Common Stock	$30M
Additional Paid-In Capital	$130M
Retained Earnings	$2.5B
Treasury Stock	-$280M
Accum. Other Comp. Income	-$109M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$0
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$34M
Net Debt	-$1.7B