Logitech International (LOGI) FY2015 results: revenue $2.0 billion, down 0.2% on the year
Logitech International S.A. (LOGI) reported revenue of $2.0 billion for fiscal 2015, the year ended 31 March 2015, down 0.2% on the year before. Net income was $9 million, down 87.5%, and diluted earnings per share $0.06. The figures are the company's own, from the 10-K it filed with the SEC on 5 June 2015.
Revenue
$2.0 billion
-0.2% on the year
FY2009FY2015
Operating margin
7.7%
5.3% a year earlier
FY2009FY2015
Net income
$9 million
-87.5% on the year
FY2009FY2015
Diluted EPS
$0.06
-87.0% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,005
2,008
2,100
-0.2%
Cost of revenue
1,299
1,346
1,390
-3.5%
Gross profit
705
662
710
+6.6%
Gross margin
35.2%
32.9%
33.8%
Research and development
108
112
155
-4.4%
Operating income
154
106
-252
+45.9%
Operating margin
7.7%
5.3%
-12.0%
Interest expense
0.0
2.2
1.3
Pre-tax income
153
107
-254
+42.7%
Income tax
4.7
1.3
-25.8
+254.5%
Effective tax rate
3.0%
1.2%
n/a
Net income
9.3
74.3
-228
-87.5%
Net margin
0.5%
3.7%
-10.8%
Diluted EPS
$0.06
$0.46
-$1.44
-87.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
179
205
n/a
-13.0%
Capital expenditure
45.3
46.7
54.5
-3.0%
Free cash flow
133
159
n/a
-16.0%
Free cash flow margin
6.7%
7.9%
n/a
Cash from investing
-48.3
-46.8
n/a
Cash from financing
-48.9
-22.7
n/a
Depreciation and amortisation
49.7
66.7
67.9
-25.6%
Share-based compensation
25.8
25.5
25.2
+1.1%
Buybacks
1.7
0.0
87.8
Dividends paid
43.8
36.1
133
+21.2%
Dividend per share
$0.27
$0.22
$0.85
+22.7%
Diluted shares, weighted
166m
163m
158m
+2.2%
Shares outstanding at period end
n/a
173m
173m
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
758
804
722
-5.7%
Debt
0.0
0.0
0.0
Other liabilities
669
647
660
+3.3%
Total liabilities and equity
1,427
1,451
1,382
-1.7%
Fixed assets
86.5
88.4
93.7
-2.2%
Goodwill
218
219
341
-0.5%
Intangible assets
1.9
10.5
26.0
-82.3%
Trading assets
17.2
16.6
15.6
+3.8%
Cash and equivalents
537
469
334
+14.4%
Receivables
167
182
179
-8.1%
Inventory
256
222
263
+15.1%
Other assets
143
243
130
-41.2%
Total assets
1,427
1,451
1,382
-1.7%
10-K for the year ended 31 March 2015, filed 5 June 2015: the filing.