Logitech International (LOGI) FY2016 results: revenue $2.0 billion, up 0.7% on the year
Logitech International S.A. (LOGI) reported revenue of $2.0 billion for fiscal 2016, the year ended 31 March 2016, up 0.7% on the year before. Net income was $119 million, up 1185.3%, and diluted earnings per share $0.72. The figures are the company's own, from the 10-K it filed with the SEC on 23 May 2016.
Revenue
$2.0 billion
+0.7% on the year
FY2009FY2016
Operating margin
6.4%
7.7% a year earlier
FY2009FY2016
Net income
$119 million
+1,185.3% on the year
FY2009FY2016
Diluted EPS
$0.72
+1,100.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,018
2,005
2,008
+0.7%
Cost of revenue
1,337
1,299
1,346
+2.9%
Gross profit
681
705
662
-3.5%
Gross margin
33.7%
35.2%
32.9%
Research and development
113
108
112
+5.2%
Operating income
129
154
106
-16.3%
Operating margin
6.4%
7.7%
5.3%
Interest expense
0.0
0.0
2.2
Pre-tax income
131
153
107
-14.1%
Income tax
3.1
4.7
1.3
-33.2%
Effective tax rate
2.4%
3.0%
1.2%
Net income
119
9.3
74.3
+1,185.3%
Net margin
5.9%
0.5%
3.7%
Diluted EPS
$0.72
$0.06
$0.46
+1,100.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
185
179
205
+3.7%
Capital expenditure
56.6
45.3
46.7
+25.1%
Free cash flow
129
133
159
-3.6%
Free cash flow margin
6.4%
6.7%
7.9%
Cash from investing
-60.7
-48.3
-46.8
Cash from financing
-144
-48.9
-22.7
Depreciation and amortisation
53.0
49.7
66.7
+6.7%
Share-based compensation
27.4
25.8
25.5
+5.9%
Buybacks
70.4
1.7
0.0
+4,130.8%
Dividends paid
85.9
43.8
36.1
+96.3%
Dividend per share
$0.53
$0.27
$0.22
+96.3%
Diluted shares, weighted
166m
166m
163m
-0.2%
Shares outstanding at period end
n/a
n/a
173m
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
760
758
804
+0.2%
Debt
0.0
0.0
0.0
Other liabilities
564
669
647
-15.6%
Total liabilities and equity
1,324
1,427
1,451
-7.2%
Fixed assets
92.9
86.5
88.4
+7.4%
Goodwill
218
218
219
+0.0%
Intangible assets
0.0
1.9
10.5
Trading assets
14.8
17.2
16.6
-13.9%
Cash and equivalents
519
537
469
-3.3%
Receivables
143
167
182
-14.6%
Inventory
229
256
222
-10.6%
Other assets
107
143
243
-24.7%
Total assets
1,324
1,427
1,451
-7.2%
10-K for the year ended 31 March 2016, filed 23 May 2016: the filing.