LOGI Q2 2020 Earnings Report — Logitech International S.A. Revenue & Financial Results | Market Cap Arena

Logitech International S.A.LOGI

Q2 2020 Earnings

Reported October 24, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$720M	—	$691M	—	4.1%
Op. Income	$68M	—	$65M	—	4.5%
Gross Margin	38.3%	—	37.5%	—	0.8pp
Net Margin	10.1%	—	9.3%	—	0.8pp
EPS (Diluted)	$0.43	—	$0.38	—	13.2%
Free Cash Flow	$98M	—	$75M	—	29.8%

Revenue Flow

Item	Amount
REVENUE	$720M
Cost of Revenue	$444M
GROSS PROFIT	$275M
R&D Expenses	$42M
Selling & Marketing	$134M
General & Administrative	$24M
SG&A Expenses	$158M
Other Expenses	$7M
Operating Expenses	$207M
Cost & Expenses	$652M
OPERATING INCOME	$68M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$70M
Income Tax Expense	-$3M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$17M
EBIT	$68M
EBITDA	$85M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$720M
Cost of Revenue	$444M
GROSS PROFIT	$275M
R&D Expenses	$42M
Selling & Marketing	$134M
General & Administrative	$24M
SG&A Expenses	$158M
Other Expenses	$7M
Operating Expenses	$207M
Cost & Expenses	$652M
OPERATING INCOME	$68M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$70M
Income Tax Expense	-$3M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$17M
EBIT	$68M
EBITDA	$85M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$73M
Depreciation & Amortization	$17M
Stock-Based Compensation	$14M
Deferred Income Tax	-$6M
Other Non-Cash Items	$276.0K
Change in Working Capital	$7M
OPERATING CASH FLOW	$107M
Capital Expenditure	-$9M
Acquisitions (Net)	-$366.0K
Purchases of Investments	-$1M
Sales/Maturities of Investments	$1M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$9M
Net Debt Issuance	$0
Common Stock Repurchased	$129.3K
Common Dividends Paid	-$124M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$117M
FREE CASH FLOW	$98M
Net Change in Cash	-$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$574M
Short-Term Investments	$0
Net Receivables	$502M
Inventory	$338M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$106M
Goodwill	$344M
Intangible Assets	$105M
Long-Term Investments	$17M
Tax Assets	$98M
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$698M
TOTAL ASSETS	$2.2B
Account Payables	$411M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$145M
TOTAL CURRENT LIABILITIES	$836M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$127M
TOTAL NON-CURRENT LIABILITIES	$153M
TOTAL LIABILITIES	$989M
Common Stock	$30M
Additional Paid-In Capital	$51M
Retained Earnings	$1.4B
Treasury Stock	-$164M
Accum. Other Comp. Income	-$109M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$36M
Net Debt	-$539M