Logitech was founded in 1981 and is headquartered in Newark, US

Logitech has offices in Newark, Lausanne and Camas

Newark, US (HQ)

7700 Gateway Blvd

Camas, US

4700 Nw Camas Meadows Dr

Logitech's revenue was reported to be $2.2 b in FY, 2017 which is a **10% increase** from the previous period.

USD

## Revenue (FY, 2017) | 2.2 b |

## Revenue growth (FY, 2016 - FY, 2017), % | 10% |

## Gross profit (FY, 2017) | 826.2 m |

## Gross profit margin (FY, 2017), % | 37% |

## Net income (FY, 2017) | 205.9 m |

## EBIT (FY, 2017) | 211.9 m |

## Market capitalization (21-Jul-2017) | 6.3 b |

## Cash (31-Mar-2017) | 547.5 m |

Logitech's current market capitalization is $6.3 b.

- Source: SEC Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | FY, 2017^{} |
---|---|---|---|---|

## Revenue | 2 b | 2.1 b | 2 b | 2.2 b |

## Revenue growth, % | 5% | (5%) | 10% | |

## Cost of goods sold | 1.3 b | 1.3 b | 1.3 b | 1.4 b |

## Gross profit | 661.5 m | 774.2 m | 681 m | 826.2 m |

## Gross profit Margin, % | 33% | 37% | 34% | 37% |

## R&D expense | 130.5 m | |||

## General and administrative expense | 100.3 m | |||

## Operating expense total | 555.8 m | 551.3 m | 552 m | 608.2 m |

## EBIT | 105.7 m | 154.2 m | 129.1 m | 211.9 m |

## EBIT margin, % | 5% | 7% | 6% | 10% |

## Pre tax profit | 107.3 m | 153.1 m | 131.5 m | 215 m |

## Income tax expense | 1.3 m | 4.7 m | 3.1 m | 9.1 m |

## Net Income | 74.3 m | 9.3 m | 119.3 m | 205.9 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|

## Revenue | 482.2 m | 530.3 m | 634.2 m | 470.3 m | 539.9 m | 479.9 m | 564.3 m | 666.7 m |

## Cost of goods sold | 300.5 m | 325.5 m | 402.9 m | 298.6 m | 353.9 m | 309.6 m | 356.3 m | 418 m |

## Gross profit | 181.8 m | 204.8 m | 231.3 m | 171.7 m | 186 m | 170.2 m | 208 m | 248.7 m |

## Gross profit Margin, % | 38% | 39% | 36% | 37% | 34% | 35% | 37% | 37% |

## R&D expense | 31.3 m | 32.3 m | 33.6 m | 33.8 m | 34.9 m | 32 m | 32.6 m | 32.3 m |

## General and administrative expense | 36.7 m | 34.5 m | 29.8 m | 30.5 m | 26.9 m | 25.7 m | 25.2 m | 24.6 m |

## Operating expense total | 68 m | 66.8 m | 63.4 m | 64.3 m | 61.7 m | 57.7 m | 57.8 m | 56.9 m |

## EBIT | 22.7 m | 42.1 m | 64.7 m | 7 m | 25.7 m | 25.9 m | 53.4 m | 96.3 m |

## EBIT margin, % | 5% | 8% | 10% | 1% | 5% | 5% | 9% | 14% |

## Interest expense | 258 k | 224 k | (90 k) | |||||

## Interest income | 258 k | 224 k | (90 k) | |||||

## Pre tax profit | 22.8 m | 41.6 m | 61.9 m | 6.1 m | 25.1 m | 25 m | 52.6 m | 99.1 m |

## Income tax expense | 3.1 m | 5.5 m | (878 k) | (1.3 m) | 7 m | 3.1 m | 5.6 m | 1.6 m |

## Net Income | 19.7 m | 55.8 m | 118.6 m | 7.4 m | 18.1 m | 21.9 m | 47 m | 97.5 m |

- Source: SEC Filings

USD | Y, 2010^{} | Y, 2011^{} | Y, 2012^{} | Y, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | FY, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 319.9 m | 477.9 m | 478.4 m | 333.8 m | 469.4 m | 537 m | 519.2 m | 547.5 m |

## Accounts Receivable | 182 m | 179.8 m | 142.8 m | 185.2 m | ||||

## Inventories | 222.4 m | 270.7 m | 228.8 m | 253.4 m | ||||

## Current Assets | 933 m | 1.1 b | 926.2 m | 1 b | ||||

## PP&E | 88.4 m | 91.6 m | 92.9 m | 85.4 m | ||||

## Goodwill | 345 m | 218.2 m | 218.2 m | 249.7 m | ||||

## Total Assets | 1.5 b | 1.4 b | 1.3 b | 1.5 b | ||||

## Accounts Payable | 242.8 m | 300 m | 241.2 m | 274.8 m | ||||

## Current Liabilities | 454.8 m | 494.9 m | 414.9 m | 507.1 m | ||||

## Total Liabilities | 642.6 m | |||||||

## Additional Paid-in Capital | 6.6 m | 26.6 m | ||||||

## Retained Earnings | 976.3 m | 930.2 m | 963.6 m | 1.1 b | ||||

## Total Equity | 804.1 m | 758.1 m | 759.9 m | 856.1 m | ||||

## Financial Leverage | 1.8 x | 1.9 x | 1.7 x | 1.8 x |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 485 m | 500.2 m | 516.6 m | 492.2 m | 365.8 m | 440.1 m | 395.2 m | 513.6 m |

## Accounts Receivable | 219 m | 252.7 m | 306.9 m | 221.6 m | 274.7 m | 192.2 m | 240.6 m | 277.7 m |

## Inventories | 240.4 m | 245.2 m | 245.7 m | 327.5 m | 328.1 m | 247.8 m | 268.1 m | 250.3 m |

## Current Assets | 1 b | 1.1 b | 1.1 b | 1.1 b | 1 b | 916.7 m | 944.1 m | 1.1 b |

## PP&E | 90 m | 89.7 m | 90.8 m | 101.7 m | 108.2 m | 87 m | 84.8 m | 84.2 m |

## Goodwill | 344.8 m | 344 m | 343.4 m | 218.3 m | 218.2 m | 244.9 m | 249.8 m | 249.7 m |

## Total Assets | 1.5 b | 1.6 b | 1.6 b | 1.5 b | 1.4 b | 1.4 b | 1.4 b | 1.6 b |

## Accounts Payable | 285.5 m | 300.1 m | 350.3 m | 340.3 m | 356.7 m | 292.7 m | 333.5 m | 358.2 m |

## Current Liabilities | 498.6 m | 516.7 m | 575 m | 554.3 m | 588.4 m | 460 m | 547.5 m | 606.2 m |

## Additional Paid-in Capital | 4.4 m | 6.5 m | 4.3 m | 1.6 m | 8.9 m | 16.3 m | ||

## Retained Earnings | 996 m | 1 b | 1 b | 937.6 m | 869.8 m | 983.3 m | 937.2 m | 1 b |

## Total Equity | 832.7 m | 874.4 m | 766.4 m | 669 m | 758.9 m | 716 m | 801.4 m | |

## Financial Leverage | 1.8 x | 1.8 x | 2 x | 2.1 x | 1.8 x | 2 x | 1.9 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | FY, 2017^{} |
---|---|---|---|---|

## Net Income | 74.3 m | 9.3 m | 119.3 m | 205.9 m |

## Depreciation and Amortization | 49 m | 41.3 m | 51.1 m | 50.5 m |

## Accounts Receivable | (219 k) | (8 m) | 25.5 m | (46.6 m) |

## Inventories | 49.5 m | (61 m) | 32 m | (15.4 m) |

## Accounts Payable | (21.3 m) | 60.4 m | (58.1 m) | 24.5 m |

## Cash From Operating Activities | 205.4 m | 178.6 m | 183.1 m | 278.7 m |

## Purchases of PP&E | (46.7 m) | (45.3 m) | (56.6 m) | (31.8 m) |

## Cash From Investing Activities | (46.8 m) | (48.3 m) | (60.7 m) | (99 m) |

## Cash From Financing Activities | (22.7 m) | (48.9 m) | (141.7 m) | (146.1 m) |

## Interest Paid | 1.1 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|

## Net Income | 19.7 m | 55.8 m | 118.6 m | 7.4 m | 18.1 m | 21.9 m | 47 m | 97.5 m |

## Depreciation and Amortization | 10 m | 19.7 m | 29.6 m | |||||

## Accounts Receivable | (36.7 m) | (73.6 m) | (131 m) | 221.6 m | 274.7 m | 192.2 m | 240.6 m | 277.7 m |

## Inventories | (18.5 m) | (27 m) | (30.2 m) | 327.5 m | 328.1 m | 247.8 m | 268.1 m | 250.3 m |

## Accounts Payable | 40.8 m | 60.1 m | 111.3 m | 340.3 m | 356.7 m | 292.7 m | 333.5 m | 358.2 m |

## Cash From Operating Activities | 27.8 m | 60.7 m | 137.1 m | |||||

## Purchases of PP&E | (11.2 m) | (25 m) | (34.8 m) | |||||

## Cash From Investing Activities | (12.2 m) | (27.2 m) | (36.9 m) | |||||

## Cash From Financing Activities | 160 k | (302 k) | (47.4 m) |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 376.5 k |

## Financial Leverage | 1.8 x |

Acquired Company | Date | Deal Size |
---|---|---|

LifeSize | November 10, 2009 |

Source: 108 public H-1B filings from Logitech