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 | Q1 '23 | Q2 '22 | Q3 '22 | Q1 '22 | Q2 '21 | Q3 '21 | Q1 '21 | Q1 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $415.56M | $419.02M | $409.57M | $431.17M | $410.97M | $484.69M | $355.72M | $447.77M | $384.47M | $461.71M |
| Cost of Revenue | $247.52M | $239.33M | $245.38M | $255.98M | $230.22M | $258.03M | $235.12M | $235.12M | $240.63M | $255.64M |
| Gross Profit | $168.04M | $179.69M | $164.19M | $175.19M | $180.75M | $226.66M | $156.33M | $212.65M | $143.85M | $206.07M |
| R&D | $51.27M | $44.41M | $46.22M | $45.47M | $57.41M | $53.77M | $50.03M | $59.52M | $53.77M | $57.41M |
| SG&A | $131.90M | $122.30M | $121.39M | $120.73M | $148.42M | $144.98M | $116.64M | $163.61M | $144.98M | $148.42M |
| Total Operating Expenses | $183.12M | $169.31M | $170.00M | $195.17M | $211.68M | $197.77M | $213.56M | $241.50M | $220.47M | $211.68M |
| D&A | $36.58M | - | - | $39.83M | - | - | $43.40M | $57.70M | - | - |
| Operating Income | ($15.08M) | $10.38M | ($5.82M) | ($19.98M) | $6.82M | $28.89M | ($57.23M) | ($28.85M) | ($76.63M) | ($5.61M) |
| Interest Expense | $16.12M | $16.14M | $15.95M | $21.78M | $18.58M | $18.42M | $23.93M | $23.93M | $22.53M | $23.80M |
| Income Tax | ($1.04M) | ($102.57M) | ($9.60M) | ($4.26M) | $3.01M | ($19.71M) | ($7.58M) | ($7.58M) | ($19.71M) | ($4.12M) |
| Net Income | ($33.09M) | $96.78M | ($11.16M) | ($36.81M) | ($13.40M) | $20.11M | ($75.02M) | ($44.87M) | ($78.48M) | ($25.91M) |
| EPS - Basic | ($0.76) | $2.27 | ($0.26) | ($0.88) | ($0.33) | $0.49 | ($1.85) | ($1.14) | ($1.97) | ($0.65) |
| EPS - Diluted | ($0.76) | $2.21 | ($0.26) | ($0.88) | ($0.33) | $0.48 | ($1.85) | ($1.14) | ($1.97) | ($0.65) |
Balance Sheet
| Line item | Q1 '23 | Q2 '22 | Q3 '22 | Q1 '22 | Q2 '21 | Q3 '21 | Q1 '21 | Q1 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $142.36M | $170.00M | $182.70M | $196.76M | $202.56M | $230.06M | $249.77M | $213.88M | $156.82M | $186.44M |
| Accounts Receivable | $274.94M | $277.92M | $275.91M | $271.59M | $267.46M | $315.48M | $208.69M | $246.84M | $246.32M | $337.08M |
| Inventory | $245.19M | $234.10M | $216.75M | $187.48M | $194.41M | $190.47M | $177.63M | $164.53M | $215.04M | $228.36M |
| Accounts Payable | $173.25M | $168.61M | $160.53M | $163.93M | $151.24M | $165.96M | $115.17M | $102.16M | $122.31M | $169.70M |
| Current Assets | $765.32M | $779.14M | $753.86M | $733.76M | $1.24B | $814.29M | $695.40M | $685.03M | $688.03M | $821.42M |
| Total Assets | $2.17B | $2.23B | $2.21B | $2.14B | $2.66B | $2.28B | $2.23B | $2.26B | $2.93B | $3.11B |
| Current Liabilities | $490.47M | $507.45M | $489.08M | $525.87M | $1.02B | $567.24M | $511.91M | $475.82M | $485.71M | $597.35M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.18B | $2.21B | $2.20B | $2.25B | $2.75B | $2.39B | $2.38B | $2.34B | $2.34B | $2.45B |
| Stockholders' Equity | ($6.39M) | $20.16M | $10.62M | ($112.55M) | ($80.77M) | ($113.02M) | $669.50M | ($82.82M) | $588.08M | $659.11M |
| Retained Earnings | ($780.40M) | ($747.32M) | ($716.42M) | ($802.04M) | ($765.23M) | ($776.21M) | ($782.92M) | ($707.90M) | ($23.93M) | $60.55M |
Cash Flow
| Line item | Q1 '23 | Q2 '22 | Q3 '22 | Q1 '22 | Q2 '21 | Q3 '21 | Q1 '21 | Q1 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($2.98M) | - | - | $849.0K | - | - | $8.35M | $8.35M | - | - |
| Investing Cash Flow | ($7.20M) | - | - | ($10.46M) | - | - | ($4.99M) | ($4.99M) | - | - |
| Financing Cash Flow | ($14.23M) | - | - | ($490.90M) | - | - | ($2.73M) | ($13.97M) | - | - |
| CapEx | $7.13M | - | - | $6.05M | - | - | $5.44M | $4.51M | - | - |
| Free Cash Flow | ($10.11M) | - | - | ($5.20M) | - | - | $2.91M | $3.84M | - | - |
Ratios
| Metric | Q1 '23 | Q2 '22 | Q3 '22 | Q1 '22 | Q2 '21 | Q3 '21 | Q1 '21 | Q1 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 40.4% | 42.9% | 40.1% | 40.6% | 44.0% | 46.8% | 43.9% | 47.5% | 37.4% | 44.6% |
| Operating margin | -3.6% | 2.5% | -1.4% | -4.6% | 1.7% | 6.0% | -16.1% | -6.4% | -19.9% | -1.2% |
| EBITDA margin | 5.2% | - | - | 4.6% | - | - | -3.9% | 6.4% | - | - |
| Net margin | -8.0% | 23.1% | -2.7% | -8.5% | -3.3% | 4.1% | -21.1% | -10.0% | -20.4% | -5.6% |
| Free cash flow margin | -2.4% | - | - | -1.2% | - | - | 0.8% | 0.9% | - | - |
| FCF / Net income | 0.31 | - | - | 0.14 | - | - | -0.04 | -0.09 | - | - |
| R&D / Revenue | 12.3% | 10.6% | 11.3% | 10.5% | 14.0% | 11.1% | 14.1% | 13.3% | 14.0% | 12.4% |
| SG&A / Revenue | 31.7% | 29.2% | 29.6% | 28.0% | 36.1% | 29.9% | 32.8% | 36.5% | 37.7% | 32.1% |
| Effective tax rate | - | - | - | - | - | -4866.2% | - | - | - | - |
| Return on assets | -1.5% | 4.3% | -0.5% | -1.7% | -0.5% | 0.9% | -3.4% | -2.0% | -2.7% | -0.8% |
| Return on equity | 517.5% | 480.0% | -105.1% | 32.7% | 16.6% | -17.8% | -11.2% | 54.2% | -13.3% | -3.9% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.56 | 1.54 | 1.54 | 1.40 | 1.21 | 1.44 | 1.36 | 1.44 | 1.42 | 1.38 |
| Quick ratio | 1.06 | 1.07 | 1.10 | 1.04 | 1.02 | 1.10 | 1.01 | 1.09 | 0.97 | 0.99 |
| Cash ratio | 0.29 | 0.34 | 0.37 | 0.37 | 0.20 | 0.41 | 0.49 | 0.45 | 0.32 | 0.31 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -0.9x | 0.6x | -0.4x | -0.9x | 0.4x | 1.6x | -2.4x | -1.2x | -3.4x | -0.2x |
| Equity multiplier | -339.49 | 110.37 | 208.52 | -18.97 | -32.99 | -20.16 | 3.33 | -27.26 | 4.98 | 4.72 |
| Liabilities / Assets | 1.00 | 0.99 | 1.00 | 1.05 | 1.03 | 1.05 | 1.07 | 1.04 | 0.80 | 0.79 |
| Efficiency | ||||||||||
| Asset turnover | 0.19 | 0.19 | 0.18 | 0.20 | 0.15 | 0.21 | 0.16 | 0.20 | 0.13 | 0.15 |
| Inventory turnover | 1.01 | 1.02 | 1.13 | 1.37 | 1.18 | 1.35 | 1.32 | 1.43 | 1.12 | 1.12 |
| Days sales outstanding | 241d | 242d | 246d | 230d | 238d | 238d | 214d | 201d | 234d | 266d |
| Days inventory outstanding | 362d | 357d | 322d | 267d | 308d | 269d | 276d | 255d | 326d | 326d |
| Days payable outstanding | 255d | 257d | 239d | 234d | 240d | 235d | 179d | 159d | 186d | 242d |
| Cash conversion cycle | 348d | 342d | 330d | 263d | 306d | 272d | 311d | 298d | 374d | 350d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -3.6% | 2.0% | -15.5% | 21.2% | -11.0% | 26.1% | -20.6% | 102.3% | 69.7% | -4.4% |
| Revenue CAGR (3y) | -2.5% | -4.6% | 21.8% | 24.9% | 25.0% | 28.9% | 20.4% | 26.1% | 18.2% | 28.8% |
| Revenue CAGR (5y) | 15.3% | 14.2% | 11.9% | 14.1% | 13.8% | 16.5% | 11.5% | 15.6% | 10.7% | 16.4% |
| Gross profit growth (YoY) | -4.1% | -0.6% | -27.6% | 12.1% | -12.3% | 57.6% | -26.5% | 93.6% | -33.1% | 35.0% |
| Operating income growth (YoY) | 24.5% | 52.2% | - | 65.1% | - | - | -98.4% | - | -210.1% | 93.5% |
| Net income growth (YoY) | 10.1% | - | - | 50.9% | 48.3% | - | -67.2% | - | -88.1% | 70.1% |
| EPS growth (YoY) | 13.6% | - | - | 52.4% | 49.2% | - | -62.3% | - | -85.8% | 70.6% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | 28.5% | - | - | - | -0.4% | - | - | - | - |
| FCF growth (YoY) | -94.4% | - | - | - | - | - | -24.2% | -86.4% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | -40.6% | -29.6% | - | - |
| Book value growth (YoY) | 94.3% | - | - | - | - | - | - | - | -21.0% | -16.6% |
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%
Peer comparison
Same SIC group: Telephone & Telegraph Apparatus
Comparing PLANTRONICS INC /CA/ against the 5 most active filers in the same SIC group.