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10-Q Filing

LOGITECH INTERNATIONAL S.A. CIK: 1032975 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001104659-14-081027
Period End Date 20140630
Filing Date 20141114
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance logi-20140630.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
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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $469.41M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $484.98M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $333.82M USD Point-in-time
Shares, conditionally authorized SharesConditionallyAuthorized 50.00M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $182.03M USD Point-in-time
Shares, conditionally authorized SharesConditionallyAuthorized 50.00M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $219.02M USD Point-in-time
Inventories InventoryNet $222.40M USD Point-in-time
Treasury, at cost, shares TreasuryStockShares 10.02M shares Point-in-time
Treasury, at cost, shares TreasuryStockShares 10.21M shares Point-in-time
Inventories InventoryNet $240.36M USD Point-in-time
Other current assets OtherAssetsCurrent $63.42M USD Point-in-time
Other current assets OtherAssetsCurrent $59.16M USD Point-in-time
Total current assets AssetsCurrent $1.01B USD Point-in-time
Total current assets AssetsCurrent $933.00M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $88.39M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $89.97M USD Point-in-time
Goodwill Goodwill $345.01M USD Point-in-time
Goodwill Goodwill $344.84M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $7.72M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $10.53M USD Point-in-time
Other assets OtherAssetsNoncurrent $74.46M USD Point-in-time
Other assets OtherAssetsNoncurrent $65.17M USD Point-in-time
Total assets Assets $1.52B USD Point-in-time
Total assets Assets $1.45B USD Point-in-time
Accounts payable AccountsPayableCurrent $285.48M USD Point-in-time
Accounts payable AccountsPayableCurrent $242.81M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $213.09M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $211.97M USD Point-in-time
Total current liabilities LiabilitiesCurrent $498.57M USD Point-in-time
Total current liabilities LiabilitiesCurrent $454.79M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $93.13M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $84.28M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $99.35M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $99.92M USD Point-in-time
Total liabilities Liabilities $682.77M USD Point-in-time
Total liabilities Liabilities $647.26M USD Point-in-time
Commitments and contingencies (note 11) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (note 11) CommitmentsAndContingencies - USD Point-in-time
Registered shares, CHF 0.25 par value: Issued and authorized shares - 173,106 at June 30, 2014 and March 31, 2014 Conditionally authorized shares - 50,000 at June 30, 2014 and March 31, 2014 CommonStockValueOutstanding $30.15M USD Point-in-time
Registered shares, CHF 0.25 par value: Issued and authorized shares - 173,106 at June 30, 2014 and March 31, 2014 Conditionally authorized shares - 50,000 at June 30, 2014 and March 31, 2014 CommonStockValueOutstanding $30.15M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $4.42M USD Point-in-time
Less shares in treasury, at cost - 10,022 at June 30, 2014 and 10,206 at March 31, 2014 TreasuryStockValue $113.12M USD Point-in-time
Less shares in treasury, at cost - 10,022 at June 30, 2014 and 10,206 at March 31, 2014 TreasuryStockValue $116.51M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $995.97M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $976.29M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-85.80M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-84.70M USD Point-in-time
Total shareholders' equity StockholdersEquity $728.63M USD Point-in-time
Total shareholders' equity StockholdersEquity $721.95M 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 $1.52B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $1.45B USD Point-in-time
Income Statement 35 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $478.53M USD 1 Quarter
Net sales SalesRevenueNet $482.20M USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $309.27M USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $300.45M USD 1 Quarter
Gross profit GrossProfit $169.26M USD 1 Quarter
Gross profit GrossProfit $181.75M USD 1 Quarter
Marketing and selling SellingAndMarketingExpense $101.09M USD 1 Quarter
Marketing and selling SellingAndMarketingExpense $91.05M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $36.53M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $31.32M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $29.08M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $36.68M USD 1 Quarter
Restructuring charges, net RestructuringCharges $2.33M USD 1 Quarter
Total operating expenses OperatingExpenses $159.04M USD 1 Quarter
Total operating expenses OperatingExpenses $169.03M USD 1 Quarter
Operating income OperatingIncomeLoss $22.71M USD 1 Quarter
Operating income OperatingIncomeLoss $231.00K USD 1 Quarter
Interest income (expense), net InterestIncomeExpenseNonoperatingNet $258.00K USD 1 Quarter
Interest income (expense), net InterestIncomeExpenseNonoperatingNet $-23.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $217.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-198.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $425.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $22.77M USD 1 Quarter
Provision for (benefit from) income taxes IncomeTaxExpenseBenefit $3.10M USD 1 Quarter
Provision for (benefit from) income taxes IncomeTaxExpenseBenefit $-801.00K USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $19.68M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $1.23M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.01 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 $0.01 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 159.30M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 163.01M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 160.28M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 165.83M shares 1 Quarter
Cash Flow Statement 56 line items
Line Item Tag Value Unit Period
Net income NetIncomeLossAvailableToCommonStockholdersBasic $19.68M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $1.23M USD 1 Quarter
Depreciation Depreciation $11.13M USD 1 Quarter
Depreciation Depreciation $9.95M USD 1 Quarter
Amortization of other intangible assets AmortizationOfIntangibleAssets $5.26M USD 1 Quarter
Amortization of other intangible assets AmortizationOfIntangibleAssets $2.78M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $6.94M 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
Loss on disposal of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $-22.00K USD 1 Quarter
Excess tax benefits from share-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $381.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-3.42M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-1.83M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $36.66M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $39.51M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $28.29M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $18.46M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $2.06M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $1.77M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $32.97M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $40.77M USD 1 Quarter
Accrued and other liabilities IncreaseDecreaseInAccruedLiabilities $7.02M USD 1 Quarter
Accrued and other liabilities IncreaseDecreaseInAccruedLiabilities $15.16M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $27.76M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-159.00K USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $11.24M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $14.36M USD 1 Quarter
Investments in privately held companies PaymentsToAcquireInvestments $1.05M USD 1 Quarter
Purchase of trading investments PaymentsToAcquireTradingSecuritiesHeldforinvestment $454.00K USD 1 Quarter
Purchase of trading investments PaymentsToAcquireTradingSecuritiesHeldforinvestment $4.41M USD 1 Quarter
Proceeds from sales of trading investments ProceedsFromSaleOfTradingSecuritiesHeldforinvestment $506.00K USD 1 Quarter
Proceeds from sales of trading investments ProceedsFromSaleOfTradingSecuritiesHeldforinvestment $4.75M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-12.24M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-14.66M USD 1 Quarter
Contingent consideration related to prior acquisition PaymentOfContingentConsiderationRelatedToAcquisition $100.00K USD 1 Quarter
Proceeds from sales of shares upon exercise of options and purchase rights ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $574.00K 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 $695.00K 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 $381.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $160.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-203.00K 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 $-108.00K 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 $-14.97M USD 1 Quarter
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $318.86M USD Point-in-time
Cash and cash equivalents, beginning of the period CashAndCashEquivalentsAtCarryingValue $469.41M 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 $333.82M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $318.86M 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 $484.98M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $333.82M 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 $1.42M USD 1 Quarter
Stockholders Equity 18 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $728.63M USD Point-in-time
Balance StockholdersEquity $721.95M USD Point-in-time
Balance StockholdersEquity $804.13M USD Point-in-time
Balance StockholdersEquity $832.71M USD Point-in-time
Total comprehensive income ComprehensiveIncomeNetOfTax $20.78M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $2.94M USD 1 Quarter
Tax effects from share-based awards DeferredTaxAssetAdjustmentRelatedToShareBasedCompensationExpense $-463.00K USD 1 Quarter
Tax effects from share-based awards DeferredTaxAssetAdjustmentRelatedToShareBasedCompensationExpense $861.00K USD 1 Quarter
Sales of shares upon exercise of options and purchase rights StockIssuedDuringPeriodValueShareBasedCompensation $574.00K USD 1 Quarter
Sales of shares upon exercise of options and purchase rights StockIssuedDuringPeriodValueShareBasedCompensation $12.00K 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 $-695.00K USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.40M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $7.06M USD 1 Quarter
Balance StockholdersEquity $728.63M USD Point-in-time
Balance StockholdersEquity $721.95M 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 $1.23M USD 1 Quarter
Foreign currency translation gain OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $201.00K USD 1 Quarter
Foreign currency translation gain OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $699.00K USD 1 Quarter
Net gain and prior service costs, net of taxes OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax $-565.00K USD 1 Quarter
Net gain and prior service costs, net of taxes OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax $-139.00K USD 1 Quarter
Amortization included in operating expenses OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $113.00K USD 1 Quarter
Amortization included in operating expenses OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $1.08M USD 1 Quarter
Unrealized hedging gain (loss) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $248.00K USD 1 Quarter
Unrealized hedging gain (loss) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-913.00K USD 1 Quarter
Reclassification of hedging gain included in cost of goods sold OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-400.00K USD 1 Quarter
Reclassification of hedging gain included in cost of goods sold OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-278.00K USD 1 Quarter
Other comprehensive income: OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.71M USD 1 Quarter
Other comprehensive income: OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.10M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $20.78M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $2.94M USD 1 Quarter

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

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