LOGI Q2 2021 Earnings Report — Logitech International S.A. Revenue & Financial Results | Market Cap Arena

Logitech International S.A.LOGI

Q2 2021 Earnings

Reported October 22, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$1.3B	—	$720M	—	74.7%
Op. Income	$322M	—	$68M	—	372.5%
Gross Margin	45.5%	—	38.3%	—	7.3pp
Net Margin	21.2%	—	10.1%	—	11.1pp
EPS (Diluted)	$1.56	—	$0.43	—	262.8%
Free Cash Flow	$268M	—	$98M	—	174.3%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$685M
GROSS PROFIT	$573M
R&D Expenses	$53M
Selling & Marketing	$159M
General & Administrative	$32M
SG&A Expenses	$190M
Other Expenses	$7M
Operating Expenses	$251M
Cost & Expenses	$936M
OPERATING INCOME	$322M
Interest Income	$513.0K
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$323M
Income Tax Expense	$56M
Net Income from Continuing Ops	$267M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$267M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$267M
D&A	$18M
EBIT	$322M
EBITDA	$340M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$685M
GROSS PROFIT	$573M
R&D Expenses	$53M
Selling & Marketing	$159M
General & Administrative	$32M
SG&A Expenses	$190M
Other Expenses	$7M
Operating Expenses	$251M
Cost & Expenses	$936M
OPERATING INCOME	$322M
Interest Income	$513.0K
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$323M
Income Tax Expense	$56M
Net Income from Continuing Ops	$267M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$267M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$267M
D&A	$18M
EBIT	$322M
EBITDA	$340M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$267M
Depreciation & Amortization	$18M
Stock-Based Compensation	$0
Deferred Income Tax	$17M
Other Non-Cash Items	$30M
Change in Working Capital	-$48M
OPERATING CASH FLOW	$284M
Capital Expenditure	-$16M
Acquisitions (Net)	$0
Purchases of Investments	-$9M
Sales/Maturities of Investments	$7M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$18M
Net Debt Issuance	$0
Common Stock Repurchased	-$23M
Common Dividends Paid	-$150M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$159M
FREE CASH FLOW	$268M
Net Change in Cash	$108M

Balance Sheet

Item	Amount
Cash & Equivalents	$917M
Short-Term Investments	$0
Net Receivables	$793M
Inventory	$395M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$118M
Goodwill	$401M
Intangible Assets	$112M
Long-Term Investments	$47M
Tax Assets	$223M
Other Non-Current Assets	$38M
TOTAL NON-CURRENT ASSETS	$938M
TOTAL ASSETS	$3.1B
Account Payables	$663M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$183M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$160M
TOTAL NON-CURRENT LIABILITIES	$185M
TOTAL LIABILITIES	$1.4B
Common Stock	$30M
Additional Paid-In Capital	$79M
Retained Earnings	$1.9B
Treasury Stock	-$166M
Accum. Other Comp. Income	-$119M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$36M
Net Debt	-$881M