Logitech international s.a. (LOGI)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09
Cash flows from operating activities:
Net Income (Loss) Available to Common Stockholders, Basic

117,525

72,933

45,345

42,121

112,810

64,176

38,466

34,404

80,773

56,358

37,007

39,425

97,465

47,045

21,941

28,697

65,086

18,097

7,437

-109,267

62,784

36,090

19,676

10,618

47,884

14,576

1,226

-35,590

-195,331

54,549

-51,146

61,065

55,333

17,445

-29,606

5,489

65,002

41,160

19,522

24,493

57,086

20,743

-37,365

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation

10,768

10,584

10,802

10,816

10,760

11,196

10,699

11,077

10,850

10,220

9,148

8,642

8,863

10,511

13,105

14,224

14,647

11,721

10,516

11,745

9,867

9,741

9,951

16,212

10,913

10,711

11,131

17,905

11,554

11,155

11,152

17,076

10,608

11,421

13,172

12,526

12,322

11,005

12,338

14,528

15,795

14,580

11,477

Amortization of Intangible Assets

8,223

6,868

6,867

6,964

6,895

5,448

4,893

4,947

4,415

3,645

2,593

2,782

2,751

2,159

1,708

349

310

494

732

737

2,266

2,576

2,782

2,781

4,472

5,254

5,264

5,159

5,823

6,191

6,398

6,989

6,653

6,926

6,630

7,299

7,138

7,116

6,911

6,913

2,999

2,270

2,333

Loss (gain) on investments

-709

-274

211

227

207

395

-13

119

114

695

-259

22

375

171

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

2,154

105

0

56

38

160

370

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-77

-103

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

0

34

32

-22

-533

-1,422

-145

-2,311

-

-

-

-

1,629

0

0

4,904

0

0

1,676

-838

-

0

0

0

Inventory valuation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

34,074

-

-

-

-

-

-

-

-

Share-based compensation expense

13,831

14,252

12,218

13,102

11,855

12,049

13,259

10,899

11,556

10,978

10,705

9,536

9,387

8,450

8,517

7,476

6,618

6,508

6,749

5,779

7,047

6,061

6,938

8,134

8,913

4,109

4,390

6,539

5,222

7,266

6,171

8,149

6,927

6,738

9,715

10,870

7,256

8,258

8,462

8,558

6,083

5,757

5,409

Gain on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

831

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

926

498

665

298

1,867

285

381

-

-

-

-

0

4

17

5

4

3

6

24

720

2,059

255

421

4,522

-362

-1,058

-288

Gain on cash surrender value of life insurance policies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,070

271

-440

2,439

-814

-786

384

Deferred income taxes

9,458

-5,597

-3,381

-2,535

93

-156

-9,659

413

18,661

-2,054

-9,879

-1,924

-88

663

-1,048

3,690

1,962

7,684

-6,732

5,391

-793

-526

-1,832

-1,267

340

-485

-3,416

-12,607

13,204

-2,751

-1,055

-1,251

7,556

5,147

-13,701

-6,827

-3,660

2,287

-292

5,519

-23,140

294

-568

Change in fair value of contingent consideration for business acquisition

-

-

-

-

-

-

-

0

0

-2,930

-1,978

1,833

-9,925

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-1,010

2

-4

148

-453

-49

124

-4

5

-15

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities, net of acquisitions:
Accounts receivable, net

61,337

51,691

34,264

-100,146

25,469

64,918

68,557

-137,665

72,310

56,016

35,702

-92,861

42,413

48,340

48,661

-141,327

20,411

54,195

41,208

-123,008

57,465

36,898

36,663

-130,652

54,566

36,800

39,505

-86,844

-16,962

64,849

-6,316

-92,371

26,575

55,614

-19,097

-73,917

32,865

81,211

18,404

-6,019

17,426

-86,329

46,433

Inventories

-32,603

45,092

2,681

-47,612

-15,238

66,201

18,200

-21,739

-52,386

37,689

20,389

234

-13,123

18,310

10,007

-13,900

-73,508

1,278

54,164

30,339

3,187

8,521

18,463

-35,975

-35,169

-6,613

28,286

-22,757

-32,177

42,178

-10,353

-2,443

-23,869

4,806

54,783

-22,154

-46,861

63,478

66,019

-50,347

20,416

-1,328

317

Other assets

-16,949

8,696

5,387

-2,298

42

6,831

4,225

-2,045

10,463

5,402

3,088

-1,037

1,608

3,567

1,171

-7,354

818

6,128

2,383

-2,308

952

3,577

2,063

-1,580

-4,173

5,371

1,770

-7,813

-5,138

7,372

198

-9,283

4,967

871

6,015

-436

-10,656

566

4,945

-27,352

20,899

-9,727

1,142

Accounts payable

26,089

73,509

55,592

-152,791

-4,529

86,998

51,188

-134,016

41,575

71,489

38,647

-84,636

25,419

40,907

42,769

-126,867

18,402

15,820

34,541

-50,897

51,198

19,337

40,775

-82,745

22,830

5,623

32,970

-75,299

-29,202

106,283

-35,188

-78,646

36,885

15,742

29,346

-90,872

17,811

50,250

60,525

-56,887

20,239

85,737

45,066

Accrued and other liabilities

7,327

39,157

-48,380

-35,896

49,272

43,621

-5,719

1,134

51,260

20,464

-28,203

-21,632

46,162

35,522

-10,135

-43,561

7,334

12,435

19,475

-39,366

5,336

8,875

7,016

-26,133

13,374

11,933

15,156

-13,175

14,958

-52,126

41,129

-33,415

42,366

-4,232

743

-30,992

21,137

23,597

-10,281

-1,965

29,823

27,212

1,195

Net cash provided by operating activities

181,135

106,503

36,516

31,738

176,223

84,938

12,282

90,177

188,584

68,383

-883

47,742

148,761

74,869

17,017

34,349

165,708

10,737

-25,599

41,574

76,354

32,946

27,758

94,722

94,390

16,468

-159

18,041

95,101

16,151

-6,904

48,366

152,534

-2,110

3,744

3,323

148,529

-1,228

6,118

65,909

166,450

57,365

75,535

Cash flows from investing activities:
Purchases of property, plant and equipment

10,575

8,752

9,340

7,626

9,936

9,624

8,744

12,155

10,405

7,153

10,035

8,432

8,614

6,623

8,135

6,172

19,166

15,987

15,290

10,476

9,813

13,721

11,243

11,748

9,724

10,830

14,356

12,455

9,215

10,901

21,916

22,782

10,496

10,360

10,561

11,204

6,416

13,501

11,918

13,396

8,294

25,846

-7,702

Investment in privately held companies

-

0

170

-

-

281

225

360

360

160

360

320

160

160

320

320

1,619

240

240

0

0

1,500

1,050

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-715

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions, net of cash acquired

91,203

366

0

-94

0

133,665

243

0

3,323

85,000

0

0

0

13,000

53,987

0

0

0

0

-

-

-

-

0

0

0

650

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of other intangible asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Release of restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

917

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,063

0

0

4,904

0

0

0

2,688

-

-

-

-

Purchases of trading investments

546

1,370

1,155

868

613

1,222

2,500

3,211

1,843

390

609

1,184

597

1,042

4,229

5,224

1,746

1,746

903

1,571

1,233

1,776

454

619

1,685

1,740

4,406

1,902

646

251

1,397

1,928

1,041

991

3,545

-

-

-

-

-

-

-

-

Proceeds from sales of trading investments

568

1,375

1,196

862

644

1,327

2,867

3,214

2,152

410

647

1,212

616

1,065

4,231

5,405

1,813

2,015

840

1,618

1,311

2,039

506

683

1,709

1,854

4,748

2,154

671

253

1,385

1,879

998

1,022

3,500

-

-

-

-

-

-

-

-

Proceeds from cash surrender of life insurance policies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

813

0

Net cash used in investing activities

-100,859

-9,113

-9,469

-7,589

-11,941

-144,970

-8,845

-12,512

-6,990

-98,845

-10,357

-9,439

-8,755

-19,760

-61,725

-8,421

-20,718

-15,958

-15,593

-11,355

-9,735

-14,958

-12,241

-11,984

-9,439

-10,716

-14,664

-12,653

-9,190

-14,869

-21,011

-18,768

-3,989

-29,143

-5,702

-2,367

-7,463

-20,801

-9,230

-13,398

-396,901

-9,829

-7,702

Cash flows from financing activities:
Purchases of registered shares

0

0

15,127

9,995

2,553

9,919

9,982

10,314

9,726

10,058

624

20,022

20,870

18,472

24,422

21,556

0

39,988

8,814

1,663

0

0

0

-

-

-

-

0

0

0

87,812

-

-

-

-

-

-

-

-

-

-

-

-

Payment of contingent consideration for business acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercises of stock options and purchase rights

2,209

8,938

393

7,922

128

8,903

1,104

10,963

947

17,431

12,569

19,219

5,871

13,885

599

7,205

1,459

7,037

4,066

1,672

933

959

574

8,449

2,330

6,123

12

7,139

-165

8,604

404

7,739

88

9,157

607

14,633

11,798

11,241

5,329

12,938

3,007

8,573

4,399

Tax withholdings related to net share settlements of restricted stock units

2,188

1,538

19,370

1,659

1,731

2,299

25,081

4,308

1,799

2,023

21,683

5,358

2,007

1,862

9,185

1,890

1,855

2,206

1,296

1,759

6,133

628

695

2,781

2,484

238

215

380

1,360

465

170

76

705

9

176

0

0

0

223

-

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

926

498

665

298

1,867

285

381

-

-

-

-

0

4

17

5

4

3

6

24

720

2,059

255

421

1,106

362

1,058

288

Net cash used in financing activities

21

-116,780

-34,104

-3,732

-4,156

-117,286

-33,959

-3,659

-15,578

-98,898

-9,738

-6,161

-17,006

-99,542

-33,008

-18,330

530

-120,574

-5,379

-1,452

-47,100

-462

160

7,342

418

-30,238

-203

6,759

-1,521

-125,306

-87,573

-75,235

-614

-63,980

455

15,353

13,857

11,496

5,527

-11,019

-10,232

-91,636

4,687

Effect of exchange rate changes on cash and cash equivalents

1,285

-3,102

-503

-389

-588

-1,848

-7,309

3,053

24

551

1,102

1,098

-4,623

-477

-1,368

2,610

-2,307

-659

1,761

-8,342

-3,128

-2,285

-108

-533

-300

425

59

-322

576

320

-2,145

674

-4,048

-1,684

-61

896

-1,876

897

-5,044

-2,600

-3,109

1,527

2,138

Net increase (decrease) in cash and cash equivalents

81,582

-22,492

-7,560

20,028

159,538

-179,166

-37,831

77,059

166,040

-128,809

-19,876

33,240

118,377

-44,910

-79,084

10,208

143,213

-126,454

-44,810

20,425

16,391

15,241

15,569

89,547

85,069

-24,061

-14,967

11,825

84,966

-123,704

-117,633

-44,963

143,883

-96,917

-1,564

17,205

153,047

-9,636

-2,629

38,892

-243,792

-42,573

74,658

Non-cash investing activities:
Property, plant and equipment purchased during the period and included in period end liability accounts

459

832

3,580

241

-525

-564

4,831

-1,910

-440

2,506

3,713

1,028

36

506

3,502

1,541

-9,564

2,623

10,358

2,252

1,422

-3,891

5,459

1,070

2,199

513

1,422

3,293

-167

-1,833

3,535

-

-

-

-

-

-

-

-

-

-

-

-

The following amounts reflected in the consolidated statements of cash flows are included in discontinued operations:
Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

787

715

705

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

349

199

326

564

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-252

156

202

226

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

681

365

385

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-