Below are the financial statements of Logitech International, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 4,298.47a | 4,538.82a | 5,481.1a |
| Cost of goods sold | -2,509.42a | -2,806.44a | -3,204.07a |
| Amortization of intangible assets | -11.03a | -12.87a | -14.02a |
| Gross profit | 1,778.02a | 1,719.52a | 2,263.01a |
| Operating expenses | — | — | — |
| Marketing and selling | -730.31a | -809.18a | -1,025.9a |
| Research and development | -287.24a | -280.8a | -291.84a |
| General and administrative | -155.06a | -124.65a | -148.65a |
| Amortization of intangible assets and acquisition-related costs | -10.93a | -11.84a | -16.95a |
| Impairment of intangible assets | -3.53a | 0a | -7a |
| Change in fair value of contingent consideration for business acquisition | -0.25a | 0a | -3.51a |
| Restructuring charges, net | -3.87a | -34.57a | -2.17a |
| Total operating expenses | -1,190.69a | -1,261.05a | -1,488.99a |
| Operating income | 587.34a | 458.47a | 774.01a |
| Interest income | 50.64a | 18.33a | 1.25a |
| Other income (expense), net | -16.38a | -13.28a | 0.56a |
| Income before income taxes | 621.6a | 463.52a | 775.82a |
| Provision for income taxes | -9.45a | -98.95a | -131.31a |
| Net income | 612.14a | 364.58a | 644.51a |
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