Logitech International (LOGI) FY2017 results: revenue $2.2 billion, up 10.1% on the year
Logitech International S.A. (LOGI) reported revenue of $2.2 billion for fiscal 2017, the year ended 31 March 2017, up 10.1% on the year before. Net income was $206 million, up 72.5%, and diluted earnings per share $1.24. The figures are the company's own, from the 10-K it filed with the SEC on 17 May 2019.
Revenue
$2.2 billion
+10.1% on the year
FY2010FY2017
Operating margin
9.5%
6.4% a year earlier
FY2010FY2017
Net income
$206 million
+72.5% on the year
FY2010FY2017
Diluted EPS
$1.24
+72.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,221
2,018
2,005
+10.1%
Cost of revenue
1,395
1,337
1,299
+4.3%
Gross profit
820
681
705
+20.4%
Gross margin
36.9%
33.7%
35.2%
Research and development
131
113
108
+15.3%
Operating income
212
129
154
+64.2%
Operating margin
9.5%
6.4%
7.7%
Interest expense
n/a
0.0
0.0
Pre-tax income
215
131
153
+63.5%
Income tax
9.1
3.1
4.7
+193.0%
Effective tax rate
4.2%
2.4%
3.0%
Net income
206
119
9.3
+72.5%
Net margin
9.3%
5.9%
0.5%
Diluted EPS
$1.24
$0.72
$0.06
+72.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
288
185
179
+55.7%
Capital expenditure
31.8
56.6
45.3
-43.8%
Free cash flow
257
129
133
+99.6%
Free cash flow margin
11.6%
6.4%
6.7%
Cash from investing
-99.7
-60.7
-48.3
Cash from financing
-156
-144
-48.9
Depreciation and amortisation
50.5
53.0
49.7
-4.7%
Share-based compensation
35.9
27.4
25.8
+31.2%
Buybacks
83.8
70.4
1.7
+19.1%
Dividends paid
93.1
85.9
43.8
+8.4%
Dividend per share
$0.57
$0.53
$0.27
+7.5%
Diluted shares, weighted
166m
166m
166m
-0.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
856
760
758
+12.7%
Debt
0.0
0.0
0.0
Other liabilities
643
564
669
+13.9%
Total liabilities and equity
1,499
1,324
1,427
+13.2%
Fixed assets
85.4
92.9
86.5
-8.0%
Goodwill
250
218
218
+14.4%
Intangible assets
47.6
0.0
1.9
Investments
0.0
n/a
n/a
Trading assets
15.0
14.8
17.2
+1.4%
Cash and equivalents
548
519
537
+5.5%
Receivables
185
143
167
+29.7%
Inventory
253
229
256
+10.8%
Other assets
115
107
143
+6.8%
Total assets
1,499
1,324
1,427
+13.2%
10-K for the year ended 31 March 2017, filed 17 May 2019: the filing.