The income statement of Logitech International SA (LOGI) provides a snapshot of the company's financial performance. It shows the revenue, expenses, and net income from stockholders for a specific period. In the latest income statement, Logitech reported a gross profit of $2.15 billion. The company's total revenue amounted to $2.98 billion, indicating a strong performance in generating sales. After deducting operating expenses like research and development, marketing, and general administrative costs, Logitech reported an EBIT (earnings before interest and taxes) of $393 million. This figure represents the company's operating profit before accounting for interest and tax expenses. The EBITDA (earnings before interest, taxes, depreciation, and amortization) stood at $428 million, reflecting Logitech's ability to generate cash flow before considering non-cash expenses.
Moving on to the balance sheet, Logitech International SA (LOGI) had total assets worth $5.62 billion. This includes cash equivalents, which provide liquidity to the company. Logitech held $839 million in cash equivalents, enabling it to meet short-term obligations and invest in growth opportunities. The company's net debt, which represents total debt minus cash and cash equivalents, amounted to $755 million. Logitech also had stockholders' equity worth $2.87 billion, indicating the portion of the company's assets that belong to shareholders. The balance sheet also shows total liabilities, which stood at $2.75 billion. This includes both short-term and long-term obligations that Logitech is responsible for.
The cash flow statement provides insights into Logitech's cash inflows and outflows. The operating cash flow, which represents the cash generated from the company's core operations, amounted to $506 million. This indicates a healthy cash generation ability from Logitech's business activities. Logitech's financing cash flow shows the cash flows related to the company's financing activities, such as issuing or repurchasing stocks and debt. In the latest reporting period, the financing cash flow amounted to $88 million, indicating Logitech's strategic decisions in managing its capital structure. The investing cash flow reflects the cash flows associated with investments in property, plant, and equipment, as well as acquisitions or divestments of business units. For Logitech, the investing cash flow was -$61 million. Lastly, Logitech's free cash flow, which measures the company's ability to generate excess cash after covering capital expenditures, stood at $445 million. This indicates a healthy cash flow position for Logitech, allowing it to invest in future growth, distribute dividends, or reduce debt.