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10-Q Filing

LOGITECH INTERNATIONAL S.A. CIK: 1032975 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001104659-13-061086
Period End Date 20130630
Filing Date 20130807
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance logi-20130630.xml
Balance Sheet 61 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 CommonStockSharesIssued 173.11M shares Point-in-time
Shares, issued CommonStockSharesIssued 173.11M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $333.82M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $478.37M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $360.74M USD Point-in-time
Shares, authorized CommonStockSharesAuthorized 173.11M shares Point-in-time
Shares, authorized CommonStockSharesAuthorized 173.11M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $318.86M USD Point-in-time
Shares, conditionally authorized SharesConditionallyAuthorized 50.00M shares Point-in-time
Accounts receivable AccountsReceivableNetCurrent $218.60M USD Point-in-time
Shares, conditionally authorized SharesConditionallyAuthorized 50.00M shares Point-in-time
Accounts receivable AccountsReceivableNetCurrent $179.56M USD Point-in-time
Inventories InventoryNet $261.08M USD Point-in-time
Treasury, at cost, shares TreasuryStockShares 13.79M shares Point-in-time
Treasury, at cost, shares TreasuryStockShares 13.86M shares Point-in-time
Inventories InventoryNet $296.01M USD Point-in-time
Other current assets OtherAssetsCurrent $58.10M USD Point-in-time
Other current assets OtherAssetsCurrent $63.70M USD Point-in-time
Assets held for sale AssetsHeldForSaleCurrent $10.96M USD Point-in-time
Total current assets AssetsCurrent $843.53M USD Point-in-time
Total current assets AssetsCurrent $897.17M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $85.78M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $87.65M USD Point-in-time
Goodwill Goodwill $344.30M USD Point-in-time
Goodwill Goodwill $341.36M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $22.92M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $26.02M USD Point-in-time
Other assets OtherAssetsNoncurrent $75.10M USD Point-in-time
Other assets OtherAssetsNoncurrent $72.34M USD Point-in-time
Total assets Assets $1.42B USD Point-in-time
Total assets Assets $1.37B USD Point-in-time
Accounts payable AccountsPayableCurrent $296.27M USD Point-in-time
Accounts payable AccountsPayableCurrent $266.00M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $205.81M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $192.77M USD Point-in-time
Liabilities held for sale LiabilitiesOfAssetsHeldForSale $3.20M USD Point-in-time
Total current liabilities LiabilitiesCurrent $502.08M USD Point-in-time
Total current liabilities LiabilitiesCurrent $461.97M USD Point-in-time
Non-current liabilities LiabilitiesNoncurrent $195.88M USD Point-in-time
Non-current liabilities LiabilitiesNoncurrent $200.30M USD Point-in-time
Total liabilities Liabilities $657.85M USD Point-in-time
Total liabilities Liabilities $702.38M USD Point-in-time
Commitments and contingencies (Note 11) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 11) CommitmentsAndContingencies - USD Point-in-time
Shares, par value CHF 0.25 - 173,106 issued and authorized and 50,000 conditionally authorized at June 30, 2013 and March 31, 2013 CommonStockValueOutstanding $30.15M USD Point-in-time
Shares, par value CHF 0.25 - 173,106 issued and authorized and 50,000 conditionally authorized at June 30, 2013 and March 31, 2013 CommonStockValueOutstanding $30.15M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $2.58M USD Point-in-time
Less: shares in treasury, at cost, 13,789 at June 30, 2013 and 13,855 at March 31, 2013 TreasuryStockValue $176.73M USD Point-in-time
Less: shares in treasury, at cost, 13,789 at June 30, 2013 and 13,855 at March 31, 2013 TreasuryStockValue $177.85M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $956.50M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $957.54M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-92.99M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-93.42M USD Point-in-time
Total shareholders' equity StockholdersEquity $984.76M USD Point-in-time
Total shareholders' equity StockholdersEquity $720.12M USD Point-in-time
Total shareholders' equity StockholdersEquity $1.12B USD Point-in-time
Total shareholders' equity StockholdersEquity $715.81M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $1.37B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $1.42B USD Point-in-time
Income Statement 37 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $468.60M USD 1 Quarter
Net sales SalesRevenueNet $477.92M USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $309.57M USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $323.26M USD 1 Quarter
Gross profit GrossProfit $145.35M USD 1 Quarter
Gross profit GrossProfit $168.35M USD 1 Quarter
Marketing and selling SellingAndMarketingExpense $100.90M USD 1 Quarter
Marketing and selling SellingAndMarketingExpense $100.64M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $39.02M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $36.19M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $32.48M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $29.15M USD 1 Quarter
Restructuring charges RestructuringCharges $31.23M USD 1 Quarter
Restructuring charges RestructuringCharges $43.70M USD Annual
Restructuring charges RestructuringCharges $2.33M USD 1 Quarter
Total operating expenses OperatingExpenses $168.31M USD 1 Quarter
Total operating expenses OperatingExpenses $203.63M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $47.00K USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-58.28M USD 1 Quarter
Interest income, net InterestIncomeExpenseNonoperatingNet $384.00K USD 1 Quarter
Interest income, net InterestIncomeExpenseNonoperatingNet $-23.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-159.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $217.00K USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-58.06M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $241.00K USD 1 Quarter
Benefit from income taxes IncomeTaxExpenseBenefit $-802.00K USD 1 Quarter
Benefit from income taxes IncomeTaxExpenseBenefit $-6.91M USD 1 Quarter
Net income (loss) NetIncomeLossAvailableToCommonStockholdersBasic $-51.15M USD 1 Quarter
Net income (loss) NetIncomeLossAvailableToCommonStockholdersBasic $1.04M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.32 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.01 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.32 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.01 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 160.73M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 159.30M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 160.73M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 160.28M shares 1 Quarter
Cash Flow Statement 58 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLossAvailableToCommonStockholdersBasic $-51.15M USD 1 Quarter
Net income (loss) NetIncomeLossAvailableToCommonStockholdersBasic $1.04M USD 1 Quarter
Depreciation Depreciation $11.15M USD 1 Quarter
Depreciation Depreciation $10.14M USD 1 Quarter
Amortization of other intangible assets AmortizationOfIntangibleAssets $6.40M USD 1 Quarter
Amortization of other intangible assets AmortizationOfIntangibleAssets $5.26M USD 1 Quarter
Investment impairment ImpairmentOfInvestments $370.00K USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $6.17M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $4.39M USD 1 Quarter
Loss on disposal of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $-2.31M USD 1 Quarter
Gain on sales of available-for-sale securities AvailableForSaleSecuritiesGrossRealizedGainLossNet $831.00K USD 1 Quarter
Excess tax benefits from share-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $5.00K USD 1 Quarter
Deferred income taxes and other DeferredIncomeTaxExpenseBenefit $-1.05M USD 1 Quarter
Deferred income taxes and other DeferredIncomeTaxExpenseBenefit $-3.42M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $38.90M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-6.32M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-10.35M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $28.05M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $198.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $1.77M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-35.19M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $33.58M USD 1 Quarter
Accrued and other current liabilities IncreaseDecreaseInAccruedLiabilities $13.73M USD 1 Quarter
Accrued and other current liabilities IncreaseDecreaseInAccruedLiabilities $41.13M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-1.31M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-6.90M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $13.21M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $21.92M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $650.00K USD 1 Quarter
Proceeds from sales of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecurities $917.00K USD 1 Quarter
Purchases of trading investments for deferred compensation plan PaymentsToAcquireTradingSecuritiesHeldforinvestment $1.40M USD 1 Quarter
Purchases of trading investments for deferred compensation plan PaymentsToAcquireTradingSecuritiesHeldforinvestment $4.41M USD 1 Quarter
Proceeds from sales of trading investments for deferred compensation plan ProceedsFromSaleOfTradingSecuritiesHeldforinvestment $1.39M USD 1 Quarter
Proceeds from sales of trading investments for deferred compensation plan ProceedsFromSaleOfTradingSecuritiesHeldforinvestment $4.75M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-13.52M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-21.01M USD 1 Quarter
Purchases of treasury shares PaymentsForRepurchaseOfCommonStock $87.81M USD 1 Quarter
Proceeds from sales of shares upon exercise of options and purchase rights ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $404.00K USD 1 Quarter
Proceeds from sales of shares upon exercise of options and purchase rights ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $12.00K USD 1 Quarter
Tax withholdings related to net share settlements of restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $170.00K USD 1 Quarter
Tax withholdings related to net share settlements of restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $215.00K USD 1 Quarter
Excess tax benefits from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $5.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-203.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-87.57M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $59.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-2.15M USD 1 Quarter
Net decrease in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $-117.63M USD 1 Quarter
Net decrease in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $-14.97M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $333.82M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $478.37M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $360.74M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $318.86M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $333.82M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $478.37M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $360.74M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $318.86M USD Point-in-time
Net increase in accrued purchases of property, plant and equipment CapitalExpendituresIncurredButNotYetPaid $1.42M USD 1 Quarter
Net increase in accrued purchases of property, plant and equipment CapitalExpendituresIncurredButNotYetPaid $3.54M USD 1 Quarter
Stockholders Equity 19 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $984.76M USD Point-in-time
Balance StockholdersEquity $720.12M USD Point-in-time
Balance StockholdersEquity $1.12B USD Point-in-time
Balance StockholdersEquity $715.81M USD Point-in-time
Total comprehensive gain (loss) ComprehensiveIncomeNetOfTax $619.00K USD 1 Quarter
Total comprehensive gain (loss) ComprehensiveIncomeNetOfTax $-55.33M USD 1 Quarter
Purchase of treasury shares TreasuryStockValueAcquiredCostMethod $87.81M USD 1 Quarter
Tax benefit from exercise of stock options AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation $-500.00K USD 1 Quarter
Deferred tax asset adjustment related to share-based compensation expense DeferredTaxAssetAdjustmentRelatedToShareBasedCompensationExpense $-501.00K USD 1 Quarter
Sale of shares upon exercise of options and purchase rights StockIssuedDuringPeriodValueOptionExercisesAndPurchaseRights $12.00K USD 1 Quarter
Sale of shares upon exercise of options and purchase rights StockIssuedDuringPeriodValueOptionExercisesAndPurchaseRights $408.00K USD 1 Quarter
Issuance of shares upon vesting of restricted stock units StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $-217.00K USD 1 Quarter
Issuance of shares upon vesting of restricted stock units StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $-170.00K USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.40M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $5.94M USD 1 Quarter
Balance StockholdersEquity $984.76M USD Point-in-time
Balance StockholdersEquity $720.12M USD Point-in-time
Balance StockholdersEquity $1.12B USD Point-in-time
Balance StockholdersEquity $715.81M USD Point-in-time
Comprehensive Income 17 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLossAvailableToCommonStockholdersBasic $-51.15M USD 1 Quarter
Net income (loss) NetIncomeLossAvailableToCommonStockholdersBasic $1.04M USD 1 Quarter
Foreign currency translation gain (loss) OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-6.86M USD 1 Quarter
Foreign currency translation gain (loss) OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $101.00K USD 1 Quarter
Net loss (gain) and prior service cost OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax $-1.46M USD 1 Quarter
Net loss (gain) and prior service cost OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax $196.00K USD 1 Quarter
Less amortization included in net income (loss) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $306.00K USD 1 Quarter
Less amortization included in net income (loss) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $455.00K USD 1 Quarter
Unrealized hedging gain (loss) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-913.00K USD 1 Quarter
Unrealized hedging gain (loss) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $1.21M USD 1 Quarter
Less reclassification adjustment for gain (loss) included in net income (loss) OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax $278.00K USD 1 Quarter
Less reclassification adjustment for gain (loss) included in net income (loss) OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax $-106.00K USD 1 Quarter
Reclassification adjustment for gain included in net loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $343.00K USD 1 Quarter
Net change in accumulated other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-424.00K USD 1 Quarter
Net change in accumulated other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-4.19M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTax $619.00K USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTax $-55.33M USD 1 Quarter

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

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