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10-Q Filing

LOGITECH INTERNATIONAL S.A. CIK: 1032975 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001032975-21-000034
Period End Date 20210630
Filing Date 20210729
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance logi-20210630_htm.xml
Balance Sheet 62 line items
Line Item Tag Value Unit Period
Shares, par value (in CHF per share) CommonStockParOrStatedValuePerShare 0.25 CHF Point-in-time
Shares, par value (in CHF per share) CommonStockParOrStatedValuePerShare 0.25 CHF Point-in-time
Shares issued (in shares) CommonStockSharesIssued 173.11M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.75B USD Point-in-time
Shares issued (in shares) CommonStockSharesIssued 173.11M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.50B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $545.91M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $612.23M USD Point-in-time
Shares that may be issued out of conditional capital (in shares) NumberOfSharesIssuableConditionalCapital 50.00M shares Point-in-time
Shares that may be issued out of conditional capital (in shares) NumberOfSharesIssuableConditionalCapital 50.00M shares Point-in-time
Shares that may be issued out of the authorized capital (in shares) NumberOfSharesIssuableAuthorizedCapital 17.31M shares Point-in-time
Shares that may be issued out of the authorized capital (in shares) NumberOfSharesIssuableAuthorizedCapital 17.31M shares Point-in-time
Inventories InventoryNet $661.12M USD Point-in-time
Inventories InventoryNet $778.60M USD Point-in-time
Other current assets OtherAssetsCurrent $135.65M USD Point-in-time
Treasury, at cost, shares (in shares) TreasuryStockShares 4.41M shares Point-in-time
Other current assets OtherAssetsCurrent $158.13M USD Point-in-time
Treasury, at cost, shares (in shares) TreasuryStockShares 4.80M shares Point-in-time
Total current assets AssetsCurrent $2.98B USD Point-in-time
Total current assets AssetsCurrent $3.16B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $114.06M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $114.69M USD Point-in-time
Goodwill Goodwill $449.73M USD Point-in-time
Goodwill Goodwill $429.60M USD Point-in-time
Other intangible assets, net OtherIntangibleAssetsNet $115.15M USD Point-in-time
Other intangible assets, net OtherIntangibleAssetsNet $112.23M USD Point-in-time
Other assets OtherAssetsNoncurrent $324.25M USD Point-in-time
Other assets OtherAssetsNoncurrent $338.49M USD Point-in-time
Total assets Assets $4.14B USD Point-in-time
Total assets Assets $4.00B USD Point-in-time
Accounts payable AccountsPayableCurrent $709.74M USD Point-in-time
Accounts payable AccountsPayableCurrent $823.23M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $702.59M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $858.62M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.68B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.41B USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $62.97M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $59.24M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $147.70M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $139.50M USD Point-in-time
Total liabilities Liabilities $1.88B USD Point-in-time
Total liabilities Liabilities $1.62B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Registered shares, CHF 0.25 par value: Issued shares - 173,106 at June 30 and March 31, 2021 Additional shares that may be be issued out of conditional capitals - 50,000 at June 30 and March 31, 2021 Additional shares that may be issued out of authorized capitals - 17,311 at June 30 and 17,311 at March 31, 2021 CommonStockValue $30.15M USD Point-in-time
Registered shares, CHF 0.25 par value: Issued shares - 173,106 at June 30 and March 31, 2021 Additional shares that may be be issued out of conditional capitals - 50,000 at June 30 and March 31, 2021 Additional shares that may be issued out of authorized capitals - 17,311 at June 30 and 17,311 at March 31, 2021 CommonStockValue $30.15M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $74.95M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $129.52M USD Point-in-time
Shares in treasury, at cost 4,407 at June 30, 2021 and 4,799 at March 31, 2021 TreasuryStockValue $302.61M USD Point-in-time
Shares in treasury, at cost 4,407 at June 30, 2021 and 4,799 at March 31, 2021 TreasuryStockValue $279.54M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.68B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.49B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-107.42M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-108.92M USD Point-in-time
Total shareholders equity StockholdersEquity $2.37B USD Point-in-time
Total shareholders equity StockholdersEquity $2.26B USD Point-in-time
Total shareholders equity StockholdersEquity $1.57B USD Point-in-time
Total shareholders equity StockholdersEquity $1.49B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $4.00B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $4.14B USD Point-in-time
Shares that may be issued out of the authorized capital (in shares) NumberOfSharesIssuableAuthorizedCapital 17.31M shares Point-in-time
Shares that may be issued out of the authorized capital (in shares) NumberOfSharesIssuableAuthorizedCapital 17.31M shares Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $1.31B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $791.89M USD 1 Quarter
Cost of goods sold CostOfGoodsSoldExcludingAmortizationOfIntangibleAssetsAndInventoryAdjustments $482.64M USD 1 Quarter
Cost of goods sold CostOfGoodsSoldExcludingAmortizationOfIntangibleAssetsAndInventoryAdjustments $739.07M USD 1 Quarter
Amortization of intangible assets CostofGoodsSoldAmortizationOfIntangibleAssetsAndPurchaseAccountingEffectOnInventory $3.52M USD 1 Quarter
Amortization of intangible assets CostofGoodsSoldAmortizationOfIntangibleAssetsAndPurchaseAccountingEffectOnInventory $4.07M USD 1 Quarter
Gross profit GrossProfit $568.93M USD 1 Quarter
Gross profit GrossProfit $305.73M USD 1 Quarter
Marketing and selling SellingAndMarketingExpense $133.24M USD 1 Quarter
Marketing and selling SellingAndMarketingExpense $252.31M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $49.73M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $69.25M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $40.54M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $29.07M USD 1 Quarter
Amortization of intangible assets and acquisition-related costs Amortizationofintangibleassetsandacquisitionrelatedcosts $5.22M USD 1 Quarter
Amortization of intangible assets and acquisition-related costs Amortizationofintangibleassetsandacquisitionrelatedcosts $4.61M USD 1 Quarter
Change in fair value of contingent consideration for business acquisition BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $-1.47M USD 1 Quarter
Change in fair value of contingent consideration for business acquisition BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $5.72M USD 1 Quarter
Restructuring credits, net RestructuringCharges - USD 1 Quarter
Restructuring credits, net RestructuringCharges $-53.00K USD 1 Quarter
Total operating expenses OperatingExpenses $222.31M USD 1 Quarter
Total operating expenses OperatingExpenses $365.85M USD 1 Quarter
Operating income OperatingIncomeLoss $83.43M USD 1 Quarter
Operating income OperatingIncomeLoss $203.08M USD 1 Quarter
Interest income InterestIncomeExpenseNonoperatingNet $316.00K USD 1 Quarter
Interest income InterestIncomeExpenseNonoperatingNet $620.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $8.44M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $2.03M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $211.83M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $86.08M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $14.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $24.99M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $72.07M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $186.84M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.43 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.11 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.09 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.42 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 168.37M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 167.61M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 172.02M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 170.13M shares 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income NetIncomeLossAvailableToCommonStockholdersBasic $72.07M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $186.84M USD 1 Quarter
Depreciation Depreciation $20.46M USD 1 Quarter
Depreciation Depreciation $11.75M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $8.13M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $8.84M USD 1 Quarter
Gain on investments GainLossOnInvestments $174.00K USD 1 Quarter
Gain on investments GainLossOnInvestments $1.07M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $20.11M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $23.65M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-4.16M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $3.59M USD 1 Quarter
Change in fair value of contingent consideration for business acquisition BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $-1.47M USD 1 Quarter
Change in fair value of contingent consideration for business acquisition BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $5.72M USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $9.00K USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $1.04M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-73.31M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $102.09M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $115.17M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $40.38M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $15.77M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $30.80M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-115.62M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $168.35M USD 1 Quarter
Accrued and other liabilities IncreaseDecreaseInAccruedLiabilities $-12.46M USD 1 Quarter
Accrued and other liabilities IncreaseDecreaseInAccruedLiabilities $-160.84M USD 1 Quarter
Net cash provided by / (used in) operating activities NetCashProvidedByUsedInOperatingActivities $118.85M USD 1 Quarter
Net cash provided by / (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-114.97M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $12.31M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $24.51M USD 1 Quarter
Investment in privately held companies PaymentsToAcquireOtherInvestments $30.00K USD 1 Quarter
Investment in privately held companies PaymentsToAcquireOtherInvestments $501.00K USD 1 Quarter
Acquisition, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $15.59M USD 1 Quarter
Acquisition, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Purchases of trading investments PaymentsToAcquireTradingSecuritiesHeldforinvestment $1.09M USD 1 Quarter
Purchases of trading investments PaymentsToAcquireTradingSecuritiesHeldforinvestment $2.42M USD 1 Quarter
Proceeds from sales of trading investments ProceedsFromSaleOfTradingSecuritiesHeldforinvestment $2.36M USD 1 Quarter
Proceeds from sales of trading investments ProceedsFromSaleOfTradingSecuritiesHeldforinvestment $1.34M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-40.35M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-12.40M USD 1 Quarter
Purchases of registered shares PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Purchases of registered shares PaymentsForRepurchaseOfCommonStock $54.87M USD 1 Quarter
Proceeds from exercises of stock options and purchase rights ProceedsFromStockOptionsAndPurchaseRightsExercised $9.99M USD 1 Quarter
Proceeds from exercises of stock options and purchase rights ProceedsFromStockOptionsAndPurchaseRightsExercised $2.75M USD 1 Quarter
Tax withholdings related to net share settlements of restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $23.12M USD 1 Quarter
Tax withholdings related to net share settlements of restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $50.41M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-13.13M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-102.53M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.24M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $511.00K USD 1 Quarter
Net increase / (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $93.83M USD 1 Quarter
Net increase / (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-252.61M USD 1 Quarter
Cash and cash equivalents, beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.75B USD Point-in-time
Cash and cash equivalents, beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.50B USD Point-in-time
Cash and cash equivalents, beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $715.57M USD Point-in-time
Cash and cash equivalents, beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $809.39M USD Point-in-time
Cash and cash equivalents, end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.75B USD Point-in-time
Cash and cash equivalents, end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.50B USD Point-in-time
Cash and cash equivalents, end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $715.57M USD Point-in-time
Cash and cash equivalents, end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $809.39M USD Point-in-time
Property, plant and equipment purchased during the period and included in period end liability accounts CapitalExpendituresIncurredButNotYetPaid $13.05M USD 1 Quarter
Property, plant and equipment purchased during the period and included in period end liability accounts CapitalExpendituresIncurredButNotYetPaid $7.59M USD 1 Quarter
Non-cash contingent consideration for acquisition NoncashOrPartNoncashAcquisitionContingentConsideration - USD 1 Quarter
Non-cash contingent consideration for acquisition NoncashOrPartNoncashAcquisitionContingentConsideration $9.97M USD 1 Quarter
Income taxes paid, net IncomeTaxesPaidNet - USD 1 Quarter
Income taxes paid, net IncomeTaxesPaidNet $134.77M USD 1 Quarter
Stockholders Equity 17 line items
Line Item Tag Value Unit Period
Beginning of the period StockholdersEquity $2.37B USD Point-in-time
Beginning of the period StockholdersEquity $2.26B USD Point-in-time
Beginning of the period StockholdersEquity $1.57B USD Point-in-time
Beginning of the period StockholdersEquity $1.49B USD Point-in-time
Total comprehensive income ComprehensiveIncomeNetOfTax $188.34M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $71.76M USD 1 Quarter
Purchases of registered shares StockRepurchasedDuringPeriodValue $54.87M USD 1 Quarter
Sales of shares upon exercise of stock options and purchase rights SaleOfSharesUponExerciseOfOptionAndPurchaseRight $2.75M USD 1 Quarter
Sales of shares upon exercise of stock options and purchase rights SaleOfSharesUponExerciseOfOptionAndPurchaseRight $9.99M USD 1 Quarter
Issuance of shares upon vesting of restricted stock units StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $-23.12M USD 1 Quarter
Issuance of shares upon vesting of restricted stock units StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $-50.41M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $20.13M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $24.90M USD 1 Quarter
End of the period StockholdersEquity $2.37B USD Point-in-time
End of the period StockholdersEquity $2.26B USD Point-in-time
End of the period StockholdersEquity $1.57B USD Point-in-time
End of the period StockholdersEquity $1.49B USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income NetIncomeLossAvailableToCommonStockholdersBasic $72.07M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $186.84M USD 1 Quarter
Currency translation gain, net of taxes OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $804.00K USD 1 Quarter
Currency translation gain, net of taxes OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $1.24M USD 1 Quarter
Reclassification of cumulative translation adjustment to other income, net OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax - USD 1 Quarter
Reclassification of cumulative translation adjustment to other income, net OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax $-1.05M USD 1 Quarter
Net gain (loss) and prior service costs, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax $-978.00K USD 1 Quarter
Net gain (loss) and prior service costs, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax $500.00K USD 1 Quarter
Amortization included in other income, net OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $211.00K USD 1 Quarter
Amortization included in other income, net OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $169.00K USD 1 Quarter
Deferred hedging gain (loss), net of taxes OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $530.00K USD 1 Quarter
Deferred hedging gain (loss), net of taxes OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-2.37M USD 1 Quarter
Reclassification of net hedging impact into cost of goods sold OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $330.00K USD 1 Quarter
Reclassification of net hedging impact into cost of goods sold OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $594.00K USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-311.00K USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.50M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $188.34M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $71.76M USD 1 Quarter

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

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