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10-Q Filing

LOGITECH INTERNATIONAL S.A. CIK: 1032975 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001032975-15-000032
Period End Date 20150630
Filing Date 20150724
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance logi-20150630.xml
Balance Sheet 62 line items
Line Item Tag Value Unit Period
Shares, par value (in CHF per share) CommonStockParOrStatedValuePerShare $0.25 USD Point-in-time
Shares, par value (in CHF per share) CommonStockParOrStatedValuePerShare 0.25 CHF Point-in-time
Shares, issued CommonStockSharesIssued 173.11M shares Point-in-time
Shares, issued CommonStockSharesIssued 173.11M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $469.41M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $492.23M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $484.98M USD Point-in-time
Shares, authorized CommonStockSharesAuthorized 173.11M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $537.04M USD Point-in-time
Shares, authorized CommonStockSharesAuthorized 173.11M shares Point-in-time
Shares, conditionally authorized SharesConditionallyAuthorized 50.00M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $179.82M USD Point-in-time
Shares, conditionally authorized SharesConditionallyAuthorized 50.00M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $221.58M USD Point-in-time
Treasury, at cost, shares TreasuryStockShares 8.62M shares Point-in-time
Inventories InventoryNet $270.73M USD Point-in-time
Inventories InventoryNet $327.51M USD Point-in-time
Treasury, at cost, shares TreasuryStockShares 8.68M shares Point-in-time
Other current assets OtherAssetsCurrent $64.43M USD Point-in-time
Other current assets OtherAssetsCurrent $73.31M USD Point-in-time
Total current assets AssetsCurrent $1.11B USD Point-in-time
Total current assets AssetsCurrent $1.05B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $91.59M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $101.67M USD Point-in-time
Goodwill Goodwill $218.21M USD Point-in-time
Goodwill Goodwill $218.25M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $1.16M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $1.87M USD Point-in-time
Other assets OtherAssetsNoncurrent $62.34M USD Point-in-time
Other assets OtherAssetsNoncurrent $62.99M USD Point-in-time
Total assets Assets $1.50B USD Point-in-time
Total assets Assets $1.43B USD Point-in-time
Accounts payable AccountsPayableCurrent $340.33M USD Point-in-time
Accounts payable AccountsPayableCurrent $300.00M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $213.97M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $194.91M USD Point-in-time
Total current liabilities LiabilitiesCurrent $494.91M USD Point-in-time
Total current liabilities LiabilitiesCurrent $554.30M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $74.83M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $72.11M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $101.53M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $102.50M USD Point-in-time
Total liabilities Liabilities $731.63M USD Point-in-time
Total liabilities Liabilities $668.55M USD Point-in-time
Commitments and contingencies (Note 9) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 9) CommitmentsAndContingencies - USD Point-in-time
Registered shares, CHF 0.25 par value: Issued and authorized shares - 173,106 at June 20, 2015 and March 31, 2015 Conditionally authorized shares - 50,000 at June 30, 2015 and March 31, 2015 CommonStockValueOutstanding $30.15M USD Point-in-time
Registered shares, CHF 0.25 par value: Issued and authorized shares - 173,106 at June 20, 2015 and March 31, 2015 Conditionally authorized shares - 50,000 at June 30, 2015 and March 31, 2015 CommonStockValueOutstanding $30.15M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $4.30M USD Point-in-time
Less shares in treasury, at cost 8,676 at June 30, 2015 and 8,625 at March 31, 2015 TreasuryStockValue $89.59M USD Point-in-time
Less shares in treasury, at cost 8,676 at June 30, 2015 and 8,625 at March 31, 2015 TreasuryStockValue $88.95M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $930.17M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $937.61M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-113.24M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-116.06M USD Point-in-time
Total shareholders equity StockholdersEquity $766.42M USD Point-in-time
Total shareholders equity StockholdersEquity $758.13M USD Point-in-time
Total shareholders equity StockholdersEquity $804.13M USD Point-in-time
Total shareholders equity StockholdersEquity $832.71M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $1.50B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $1.43B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $470.32M USD 1 Quarter
Net sales SalesRevenueNet $482.20M USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $300.45M USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $298.59M USD 1 Quarter
Gross profit GrossProfit $171.73M USD 1 Quarter
Gross profit GrossProfit $181.75M USD 1 Quarter
Marketing and selling SellingAndMarketingExpense $91.05M USD 1 Quarter
Marketing and selling SellingAndMarketingExpense $87.43M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $31.32M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $33.83M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $36.68M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $30.50M USD 1 Quarter
Restructuring charges, net RestructuringCharges - USD 1 Quarter
Restructuring charges, net RestructuringCharges $12.99M USD 1 Quarter
Total operating expenses OperatingExpenses $164.76M USD 1 Quarter
Total operating expenses OperatingExpenses $159.04M USD 1 Quarter
Operating income OperatingIncomeLoss $22.71M USD 1 Quarter
Operating income OperatingIncomeLoss $6.97M USD 1 Quarter
Interest income, net InterestIncomeExpenseNonoperatingNet $258.00K USD 1 Quarter
Interest income, net InterestIncomeExpenseNonoperatingNet $264.00K USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-1.12M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-198.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $22.77M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $6.11M USD 1 Quarter
Provision for (benefit from) income taxes IncomeTaxExpenseBenefit $3.10M USD 1 Quarter
Provision for (benefit from) income taxes IncomeTaxExpenseBenefit $-1.32M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $19.68M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $7.44M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.05 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.12 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.12 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.04 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 164.43M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 163.01M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 165.83M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 166.90M shares 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income NetIncomeLossAvailableToCommonStockholdersBasic $19.68M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $7.44M USD 1 Quarter
Depreciation Depreciation $9.95M USD 1 Quarter
Depreciation Depreciation $10.52M USD 1 Quarter
Amortization of other intangible assets AmortizationOfIntangibleAssets $2.78M USD 1 Quarter
Amortization of other intangible assets AmortizationOfIntangibleAssets $732.00K USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $6.94M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $6.75M USD 1 Quarter
Impairment of investment ImpairmentOfInvestments $103.00K USD 1 Quarter
Impairment of investment ImpairmentOfInvestments - USD 1 Quarter
Loss (gain) on disposal of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $-22.00K USD 1 Quarter
Loss (gain) on disposal of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Excess tax benefits from share-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $665.00K USD 1 Quarter
Excess tax benefits from share-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $381.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-1.83M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-6.73M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $36.66M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $41.21M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $54.16M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $18.46M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $2.06M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $2.38M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $40.77M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $34.54M USD 1 Quarter
Accrued and other liabilities IncreaseDecreaseInAccruedLiabilities $19.48M USD 1 Quarter
Accrued and other liabilities IncreaseDecreaseInAccruedLiabilities $7.02M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-25.60M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $27.76M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $15.29M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $11.24M USD 1 Quarter
Investment in privately held companies PaymentsToAcquireInvestments $240.00K USD 1 Quarter
Investment in privately held companies PaymentsToAcquireInvestments $1.05M USD 1 Quarter
Purchase of trading investments PaymentsToAcquireTradingSecuritiesHeldforinvestment $903.00K USD 1 Quarter
Purchase of trading investments PaymentsToAcquireTradingSecuritiesHeldforinvestment $454.00K USD 1 Quarter
Proceeds from sales of trading investments ProceedsFromSaleOfTradingSecuritiesHeldforinvestment $840.00K USD 1 Quarter
Proceeds from sales of trading investments ProceedsFromSaleOfTradingSecuritiesHeldforinvestment $506.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-12.24M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-15.59M USD 1 Quarter
Contingent consideration related to prior acquisition PaymentOfContingentConsiderationRelatedToAcquisition $100.00K USD 1 Quarter
Contingent consideration related to prior acquisition PaymentOfContingentConsiderationRelatedToAcquisition - USD 1 Quarter
Purchases of treasury shares PaymentsForRepurchaseOfCommonStock $8.81M USD 1 Quarter
Purchases of treasury shares PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Proceeds from sales of shares upon exercise of options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $574.00K USD 1 Quarter
Proceeds from sales of shares upon exercise of options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $4.07M USD 1 Quarter
Tax withholdings related to net share settlements of restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $695.00K USD 1 Quarter
Tax withholdings related to net share settlements of restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.30M USD 1 Quarter
Excess tax benefits from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $381.00K USD 1 Quarter
Excess tax benefits from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $665.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-5.38M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $160.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-108.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $1.76M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $15.57M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $-44.81M USD 1 Quarter
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $469.41M USD Point-in-time
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $492.23M USD Point-in-time
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $484.98M USD Point-in-time
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $537.04M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $469.41M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $492.23M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $484.98M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $537.04M USD Point-in-time
Property, plant and equipment purchased during the period and included in period end liability accounts CapitalExpendituresIncurredButNotYetPaid $5.46M USD 1 Quarter
Property, plant and equipment purchased during the period and included in period end liability accounts CapitalExpendituresIncurredButNotYetPaid $10.36M USD 1 Quarter
Stockholders Equity 19 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $766.42M USD Point-in-time
Balance StockholdersEquity $758.13M USD Point-in-time
Balance StockholdersEquity $804.13M USD Point-in-time
Balance StockholdersEquity $832.71M USD Point-in-time
Total comprehensive income (loss) ComprehensiveIncomeNetOfTax $20.78M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTax $4.62M USD 1 Quarter
Tax effects from share-based awards AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet $2.95M USD 1 Quarter
Tax effects from share-based awards AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet $861.00K USD 1 Quarter
Sales of shares upon exercise of options StockIssuedDuringPeriodValueShareBasedCompensation $574.00K USD 1 Quarter
Sales of shares upon exercise of options StockIssuedDuringPeriodValueShareBasedCompensation $4.07M USD 1 Quarter
Issuance of shares upon vesting of restricted stock units StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $-695.00K USD 1 Quarter
Issuance of shares upon vesting of restricted stock units StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $-1.30M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $7.06M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $6.76M USD 1 Quarter
Purchases of treasury shares TreasuryStockValueAcquiredCostMethod $8.81M USD 1 Quarter
Balance StockholdersEquity $766.42M USD Point-in-time
Balance StockholdersEquity $758.13M USD Point-in-time
Balance StockholdersEquity $804.13M USD Point-in-time
Balance StockholdersEquity $832.71M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLossAvailableToCommonStockholdersBasic $19.68M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $7.44M USD 1 Quarter
Currency translation gain, net of taxes OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $201.00K USD 1 Quarter
Currency translation gain, net of taxes OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $2.62M USD 1 Quarter
Net gain (loss) and prior service costs, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax $-139.00K USD 1 Quarter
Net gain (loss) and prior service costs, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax $1.13M USD 1 Quarter
Amortization included in operating expenses OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $113.00K USD 1 Quarter
Amortization included in operating expenses OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $416.00K USD 1 Quarter
Deferred hedging gain (loss), net of taxes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $248.00K USD 1 Quarter
Deferred hedging gain (loss), net of taxes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-2.26M USD 1 Quarter
Reclassification of hedging loss (gain) included in cost of goods sold OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-400.00K USD 1 Quarter
Reclassification of hedging loss (gain) included in cost of goods sold OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $2.46M USD 1 Quarter
Other comprehensive income (loss): OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-2.82M USD 1 Quarter
Other comprehensive income (loss): OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.10M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $20.78M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $4.62M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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