LOGITECH INTERNATIONAL S.A. LOGI Income Statement

Logitech international s.a. (LOGI)

Income statement / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09
Net sales
902,687	719,691	644,225	624,308	864,388	691,146	608,480	592,426	812,021	632,470	529,946	510,552	666,707	564,304	479,864	430,841	621,079	518,494	447,686	388,072	604,322	530,311	482,203	369,636	628,719	531,143	478,530	468,480	614,500	547,693	468,604	531,962	714,596	589,204	480,441	551,497	754,054	581,884	479,330	525,444	617,101	498,093	326,110
Cost of goods sold
564,283	444,344	401,978	388,028	535,707	432,063	382,171	377,617	533,631	402,722	334,774	311,303	418,015	356,268	309,625	288,741	412,582	345,977	289,753	281,753	391,715	325,533	300,450	274,622	414,418	348,181	309,268	309,771	404,695	351,919	323,258	307,131	455,922	390,783	354,834	369,523	482,881	364,950	310,301	337,122	408,137	346,305	248,288
Amortization of intangible assets and purchase accounting effect on inventory
3,951	3,271	3,271	3,305	4,699	2,966	2,372	2,574	2,789	2,011	1,504	1,470	1,929	1,163	1,613	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
334,453	272,076	238,976	232,975	323,982	256,117	223,937	212,235	275,601	227,737	193,668	197,779	246,763	206,873	168,626	142,100	208,497	172,517	157,933	106,319	212,607	204,778	181,753	95,014	214,301	182,962	169,262	158,709	209,805	195,774	145,346	224,831	258,674	198,421	125,607	181,974	271,173	216,934	169,029	188,322	208,964	151,788	77,822
Operating expenses:
Marketing and selling
134,950	134,155	123,033	119,628	132,250	121,801	114,584	109,572	116,153	107,386	102,378	99,941	102,036	93,792	83,872	77,091	87,295	78,833	75,796	47,356	87,486	95,862	91,045	33,890	94,273	93,451	101,093	107,769	112,698	110,522	100,897	98,564	116,313	107,446	99,793	106,777	124,914	97,412	91,477	89,693	87,322	68,835	58,938
Research and development
43,292	41,964	42,243	42,110	40,591	39,542	38,987	37,616	34,398	36,647	35,099	33,658	32,284	32,632	31,951	27,288	29,161	28,725	28,002	16,505	27,397	32,325	31,316	3,857	34,577	37,485	36,527	37,387	40,488	38,114	39,023	40,776	41,911	39,491	39,981	38,499	38,955	40,927	38,389	39,697	32,931	31,825	31,360
General and administrative
22,344	24,048	22,159	23,557	24,496	25,206	25,473	23,387	22,291	25,266	25,409	24,727	24,598	25,290	25,655	23,046	24,080	25,074	28,812	26,673	28,172	34,470	36,680	22,442	31,998	29,172	29,077	29,539	26,382	25,980	32,480	19,733	30,673	27,989	30,865	29,998	31,264	27,420	27,360	30,943	30,284	23,739	21,181
Amortization of intangible assets and acquisition-related costs
5,084	4,218	3,596	3,913	3,539	4,317	2,521	2,553	2,496	2,491	1,390	1,279	1,494	1,748	1,293	536	112	168	168	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration for business acquisition
-	-	-	-	-	-	-	0	0	-2,930	-1,978	1,833	-9,925	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	211,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charges (credits), net
-45	-364	478	1,540	-278	119	9,921	0	0	-61	-55	-	-	-	-	3,784	-666	3,146	11,538	-4,777	0	0	0	-620	822	5,465	2,334	15,506	-358	-2,671	31,227	-	-	-	-	-	-	-	-	290	0	45	1,449
Total operating expenses
205,625	204,021	191,509	190,748	200,598	190,985	191,486	173,128	175,338	168,799	162,243	161,461	150,487	153,462	142,771	131,745	139,982	135,946	144,316	86,520	143,055	162,657	159,041	59,569	161,670	165,573	169,031	195,889	390,210	171,945	203,627	159,073	188,897	174,926	170,639	175,274	195,133	165,759	157,226	160,623	150,537	124,444	112,928
Operating income
128,828	68,055	47,467	42,227	123,384	65,132	32,451	39,107	100,263	58,938	31,425	36,318	96,276	53,411	25,855	10,355	68,515	36,571	13,617	19,799	69,552	42,121	22,712	35,445	52,631	17,389	231	-37,180	-180,405	23,829	-58,281	65,758	69,777	23,495	-45,032	6,700	76,040	51,175	11,803	27,699	58,427	27,344	-35,106
Interest income
2,063	2,390	2,553	2,666	1,482	1,858	2,369	1,872	874	1,048	1,175	1,189	202	-90	151	241	105	189	255	360	224	355	258	431	-1,022	183	-23	256	114	153	384	466	917	601	690	621	539	635	521	475	414	639	592
Other income (expense), net
1,101	-110	1,861	493	-2,747	3,389	-1,571	-1,543	-324	459	-1,029	734	2,634	-683	-1,008	2,518	862	-737	-1,019	1,473	-2,688	-885	-198	678	1,082	62	217	2,140	-3,670	-509	-159	-2,486	6,713	-1,763	5,191	2,330	795	-1,794	1,796	723	3,052	-1,438	802
Income before income taxes
131,992	70,335	51,881	45,386	122,119	70,379	33,249	39,436	100,813	60,445	31,571	38,241	99,112	52,638	24,998	13,114	69,482	36,023	12,853	21,632	67,088	41,591	22,772	36,554	52,691	17,634	425	-34,784	-183,961	23,473	-58,056	63,738	77,407	22,333	-39,151	9,651	77,374	50,016	14,120	28,897	61,893	26,545	-33,712
Provision for income taxes
14,500	-2,600	6,500	3,260	9,300	6,200	-5,200	5,032	20,040	4,087	-5,436	-1,184	1,647	5,593	3,057	-3,896	1,442	5,571	-7	-4,613	670	5,501	3,096	-5,751	4,807	3,058	-801	806	11,370	-31,076	-6,910	2,673	22,074	4,888	-9,545	4,162	12,372	8,856	-5,402	4,404	4,807	5,802	3,653
Net income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,010	68,040	30,452	12,860	-	66,418	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,687	-2,954	-12,355	-5,423	-	-3,634	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
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
Net income per share:
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.10	0.42	0.19	0.08	-	0.41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.07	-0.02	-0.08	-0.03	-	-0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in dollars per share)
0.70	0.44	0.27	0.26	0.68	0.39	0.23	0.21	0.49	0.34	0.23	0.24	0.60	0.29	0.14	0.17	0.40	0.11	0.05	-0.66	0.38	0.22	0.12	0.06	0.30	0.09	0.01	-0.23	-1.24	0.35	-0.32	0.35	0.32	0.10	-0.17	0.03	0.37	0.23	0.11	0.13	0.33	0.12	-0.21
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.10	0.41	0.18	0.08	-	0.40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.08	-0.02	-0.07	-0.04	-	-0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.69	0.43	0.27	0.24	0.67	0.38	0.23	0.20	0.48	0.33	0.22	0.24	0.59	0.28	0.13	0.18	0.39	0.11	0.04	-0.66	0.38	0.22	0.12	0.07	0.29	0.09	0.01	-0.23	-1.24	0.35	-0.32	0.34	0.32	0.10	-0.17	0.03	0.36	0.23	0.11	0.14	0.32	0.11	-0.21
Weighted average shares used to compute net income per share:
Basic (in shares)
167,063	166,662	166,302	165,782	165,707	165,630	165,317	164,377	164,248	164,120	163,407	161,903	161,977	162,222	162,130	162,569	162,669	163,515	164,431	164,369	163,533	163,230	163,012	162,338	160,871	159,969	159,298	158,697	157,706	156,736	160,733	169,380	173,003	176,878	179,331	178,628	177,233	176,359	175,492	175,544	175,426	178,395	179,751
Diluted (in shares)
169,685	169,027	168,797	168,963	168,907	169,234	168,756	169,388	169,079	169,078	168,339	166,407	165,901	165,549	164,303	165,264	165,168	165,841	166,895	166,477	166,321	166,065	165,833	165,252	163,388	161,183	160,281	157,501	157,706	157,932	160,733	172,100	173,656	177,277	179,331	180,141	179,703	177,958	177,358	178,952	177,668	180,989	179,751
Cash dividend per share (in dollars per share)
-	-	-	-	-	-	-	-	-	0.63	-	-	0.00	0.57	-	-	0.00	0.53	-	-	0.27	0.00	-	-	0.00	0.22	-	-	-	0.85	-	-	-	-	-	-	-	-	-	-	-	-	-