POLY · Plantronics Inc /Ca/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $1.68B | $1.73B | $1.67B | $856.90M | $856.90M | $881.18M |
| Cost of Revenue | $995.05M | $951.06M | $980.40M | $980.40M | $417.79M | $439.81M |
| Gross Profit | $686.09M | $776.55M | $694.14M | $694.14M | $439.12M | $441.37M |
| R&D | $183.55M | $209.29M | $201.89M | $201.89M | $84.19M | $88.32M |
| SG&A | $499.84M | $488.38M | $567.88M | $567.88M | $229.39M | $223.83M |
| Total Operating Expenses | $718.33M | $763.93M | $803.43M | $803.43M | $315.61M | $316.29M |
| D&A | $149.13M | $164.87M | $201.37M | $201.37M | $21.18M | $20.98M |
| Operating Income | ($32.24M) | $12.62M | ($109.30M) | ($109.30M) | $123.50M | $125.08M |
| Interest Expense | $69.71M | $82.61M | $83.00M | $83.00M | $29.30M | $29.23M |
| Income Tax | ($120.16M) | ($7.55M) | ($50.13M) | ($50.13M) | $101.10M | $19.07M |
| Net Income | $17.92M | ($57.33M) | ($135.56M) | ($135.56M) | ($869.0K) | $82.60M |
| EPS - Basic | $0.42 | ($1.40) | ($3.61) | ($3.61) | ($0.03) | $2.56 |
| EPS - Diluted | $0.41 | ($1.40) | ($3.61) | ($3.61) | ($0.03) | $2.51 |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $170.00M | $202.56M | $202.51M | $202.51M | $390.66M | $301.97M |
| Accounts Receivable | $277.92M | $267.46M | $337.67M | $337.67M | $152.89M | $141.18M |
| Inventory | $234.10M | $194.41M | $177.15M | $177.15M | $68.28M | $55.46M |
| Accounts Payable | $168.61M | $151.24M | $129.51M | $129.51M | $45.42M | $42.88M |
| Current Assets | $779.14M | $1.24B | $685.03M | $781.15M | $899.73M | $698.98M |
| Total Assets | $2.23B | $2.66B | $3.12B | $3.12B | $1.08B | $1.02B |
| Current Liabilities | $507.45M | $1.02B | $528.23M | $528.23M | $125.51M | $117.17M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $2.21B | $2.75B | $2.39B | $2.39B | $723.92M | $635.00M |
| Stockholders' Equity | $20.16M | ($80.77M) | ($82.82M) | $721.69M | $352.97M | $382.16M |
| Retained Earnings | ($747.32M) | ($765.23M) | $143.34M | $143.34M | $299.07M | $319.93M |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($7.77M) | $145.18M | $116.05M | $116.05M | $121.15M | $137.97M |
| Investing Cash Flow | ($33.81M) | ($18.88M) | ($17.08M) | ($1.41B) | $23.49M | ($22.45M) |
| Financing Cash Flow | ($481.97M) | $353.32M | $1.11B | $1.11B | ($60.45M) | ($46.55M) |
| CapEx | $29.72M | $22.71M | $26.80M | $26.80M | $12.47M | $23.18M |
| Free Cash Flow | ($37.49M) | $122.47M | $89.25M | $89.25M | $108.68M | $114.80M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 40.8% | 44.9% | 41.5% | 81.0% | 51.2% | 50.1% |
| Operating margin | -1.9% | 0.7% | -6.5% | -12.8% | 14.4% | 14.2% |
| EBITDA margin | 7.0% | 10.3% | 5.5% | 10.7% | 16.9% | 16.6% |
| Net margin | 1.1% | -3.3% | -8.1% | -15.8% | -0.1% | 9.4% |
| Free cash flow margin | -2.2% | 7.1% | 5.3% | 10.4% | 12.7% | 13.0% |
| FCF / Net income | -2.09 | -2.14 | -0.66 | -0.66 | -125.06 | 1.39 |
| R&D / Revenue | 10.9% | 12.1% | 12.1% | 23.6% | 9.8% | 10.0% |
| SG&A / Revenue | 29.7% | 28.3% | 33.9% | 66.3% | 26.8% | 25.4% |
| Effective tax rate | - | - | - | - | 100.9% | 18.8% |
| Return on assets | 0.8% | -2.2% | -4.3% | -4.3% | -0.1% | 8.1% |
| Return on equity | 88.9% | 71.0% | 163.7% | -18.8% | -0.2% | 21.6% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.54 | 1.21 | 1.30 | 1.48 | 7.17 | 5.97 |
| Quick ratio | 1.07 | 1.02 | 0.96 | 1.14 | 6.62 | 5.49 |
| Cash ratio | 0.34 | 0.20 | 0.38 | 0.38 | 3.11 | 2.58 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -0.5x | 0.2x | -1.3x | -1.3x | 4.2x | 4.3x |
| Equity multiplier | 110.37 | -32.99 | -37.63 | 4.32 | 3.05 | 2.66 |
| Liabilities / Assets | 0.99 | 1.03 | 0.77 | 0.77 | 0.67 | 0.62 |
| Efficiency | ||||||
| Asset turnover | 0.76 | 0.65 | 0.54 | 0.27 | 0.80 | 0.87 |
| Inventory turnover | 4.25 | 4.89 | 5.53 | 5.53 | 6.12 | 7.93 |
| Days sales outstanding | 60d | 57d | 74d | 144d | 65d | 58d |
| Days inventory outstanding | 86d | 75d | 66d | 66d | 60d | 46d |
| Days payable outstanding | 62d | 58d | 48d | 48d | 40d | 36d |
| Cash conversion cycle | 84d | 73d | 91d | 162d | 85d | 69d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -2.7% | 3.2% | 95.4% | 0.0% | -2.8% | 2.8% |
| Revenue CAGR (3y) | 25.2% | 26.3% | 23.9% | -0.0% | -0.3% | - |
| Revenue CAGR (5y) | 13.8% | 15.1% | 14.1% | - | 0.9% | 2.9% |
| Gross profit growth (YoY) | -11.6% | 11.9% | 0.0% | 58.1% | -0.5% | 1.5% |
| Operating income growth (YoY) | - | - | 0.0% | - | -1.3% | 15.8% |
| Net income growth (YoY) | - | 57.7% | 0.0% | -15499.7% | - | 20.8% |
| EPS growth (YoY) | - | 61.2% | 0.0% | -11933.3% | - | 28.1% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | -30.4% | - | - | - | - | 0.2% |
| FCF growth (YoY) | - | 37.2% | 0.0% | -17.9% | -5.3% | -1.2% |
| FCF CAGR (5y) | - | 1.1% | -7.6% | - | 3.7% | 5.9% |
| Book value growth (YoY) | - | 2.5% | - | 104.5% | -7.6% | 22.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-04-03.
Product / service
$3.20B totalProduct$1.47B · 46.0%
Headset$823.45M · 25.7%
Video$426.24M · 13.3%
Service$256.78M · 8.0%
Voice$221.13M · 6.9%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
0.52
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Telephone & Telegraph Apparatus
Comparing PLANTRONICS INC /CA/ against the 5 most active filers in the same SIC group.