Logitech International (LOGI) FY2022 results: revenue $5.5 billion, up 4.4% on the year
Logitech International S.A. (LOGI) reported revenue of $5.5 billion for fiscal 2022, the year ended 31 March 2022, up 4.4% on the year before. Net income was $645 million, down 32.0%, and diluted earnings per share $3.78. The figures are the company's own, from the 10-K it filed with the SEC on 18 May 2022.
Revenue
$5.5 billion
+4.4% on the year
FY2015FY2022
Operating margin
14.1%
21.9% a year earlier
FY2015FY2022
Net income
$645 million
-32.0% on the year
FY2015FY2022
Diluted EPS
$3.78
-31.4% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
298
1,459
425
-79.5%
Capital expenditure
89.2
76.2
39.5
+17.0%
Free cash flow
209
1,382
386
-84.9%
Free cash flow margin
3.8%
26.3%
13.0%
Cash from investing
-108
-120
-130
Cash from financing
-607
-300
-177
Depreciation and amortisation
119
82.6
73.8
+43.6%
Share-based compensation
93.5
86.0
54.9
+8.7%
Buybacks
412
165
50.4
+149.8%
Dividends paid
159
147
124
+8.7%
Dividend per share
$0.95
$0.87
$0.74
+9.2%
Diluted shares, weighted
170m
172m
169m
-0.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,399
2,262
1,489
+6.1%
Debt
0.0
0.0
0.0
Operating lease liabilities
28.2
21.3
19.5
+32.3%
Other liabilities
1,608
1,859
855
-13.5%
Total liabilities and equity
4,035
4,142
2,363
-2.6%
Fixed assets
110
114
76.1
-3.7%
Goodwill
448
430
401
+4.3%
Intangible assets
83.8
115
127
-27.2%
Trading assets
28.4
24.8
20.1
+14.6%
Cash and equivalents
1,329
1,750
716
-24.1%
Receivables
676
612
395
+10.4%
Inventory
933
661
229
+41.1%
Other assets
428
435
400
-1.7%
Total assets
4,035
4,142
2,363
-2.6%
10-K for the year ended 31 March 2022, filed 18 May 2022: the filing.