Balance Sheet Digi International Inc.

Equities

DGII

US2537981027

Communications & Networking

Market Closed - Nasdaq Other stock markets 01:30:00 17/09/2024 am IST			5-day change	1st Jan Change
26.51 ^USD	-0.34%		-2.29%	+1.96%

08/08	Digi International Announces Expanded Support for Linux and Windows with Usb Connectivity Solution Digi AnywhereUSB® Plus	CI
08/08	B. Riley Trims Price Target on Digi International to $33 From $34, Maintains Buy Rating	MT

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Published financial data: DIGI INTERNATIONAL INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	25Cr	28Cr	31Cr	39Cr	44Cr
Total Revenues	25Cr	28Cr	31Cr	39Cr	44Cr
Cost of Goods Sold, Total	13Cr	13Cr	14Cr	17Cr	19Cr
Gross Profit	12Cr	15Cr	17Cr	22Cr	26Cr
Selling General & Admin Expenses, Total	6.89Cr	8.61Cr	10Cr	12Cr	14Cr
R&D Expenses	3.76Cr	4.38Cr	4.66Cr	5.51Cr	5.86Cr
Amortization of Goodwill and Intangible Assets - (IS)	29.63L	44.87L	44.98L	52.97L	39.62L
Other Operating Expenses, Total	11Cr	13Cr	15Cr	18Cr	21Cr
Operating Income	1.26Cr	1.41Cr	1.82Cr	3.67Cr	5.01Cr
Interest Expense, Total	-1L	-35.92L	-13.95L	-1.97Cr	-2.52Cr
Interest And Investment Income	7L	3L	10T	11T	-
Net Interest Expenses	6L	-32.88L	-13.85L	-1.97Cr	-2.52Cr
Currency Exchange Gains (Loss)	4L	-6L	-1L	1L	-
Other Non Operating Income (Expenses)	42T	34T	-44T	-2T	59T
EBT, Excl. Unusual Items	1.36Cr	1.02Cr	1.67Cr	1.71Cr	2.49Cr
Restructuring Charges	87T	-1L	-10L	-3L	-
Merger & Related Restructuring Charges	-13.9L	-27.72L	-9L	-44L	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-11.9L	1L	-57.72L	62L	-
EBT, Incl. Unusual Items	1.11Cr	74.63L	89.99L	1.86Cr	2.49Cr
Income Tax Expense	11.87L	-9L	-13.67L	-8L	1L
Earnings From Continuing Operations	99.58L	84.11L	1.04Cr	1.94Cr	2.48Cr
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	99.58L	84.11L	1.04Cr	1.94Cr	2.48Cr
Net Income - (IS)	99.58L	84.11L	1.04Cr	1.94Cr	2.48Cr
Net Income to Common Incl Extra Items	99.58L	84.11L	1.04Cr	1.94Cr	2.48Cr
Net Income to Common Excl. Extra Items	99.58L	84.11L	1.04Cr	1.94Cr	2.48Cr
Per Share Items
Net EPS - Basic	0.36	0.29	0.32	0.55	0.69
Basic EPS - Continuing Operations	0.36	0.29	0.32	0.55	0.69
Basic Weighted Average Shares Outstanding	2.79Cr	2.88Cr	3.21Cr	3.5Cr	3.58Cr
Net EPS - Diluted	0.35	0.28	0.31	0.54	0.67
Diluted EPS - Continuing Operations	0.35	0.28	0.31	0.54	0.67
Diluted Weighted Average Shares Outstanding	2.86Cr	2.95Cr	3.34Cr	3.6Cr	3.69Cr
Normalized Basic EPS	0.31	0.22	0.32	0.31	0.43
Normalized Diluted EPS	0.3	0.22	0.31	0.3	0.42
Supplemental Items
EBITDA	2.6Cr	3.34Cr	3.91Cr	7.43Cr	8.41Cr
EBITA	2.14Cr	2.88Cr	3.47Cr	6.76Cr	7.73Cr
EBIT	1.26Cr	1.41Cr	1.82Cr	3.67Cr	5.01Cr
EBITDAR	2.89Cr	3.76Cr	4.38Cr	7.93Cr	8.93Cr
Total Revenues (As Reported)	25Cr	28Cr	31Cr	39Cr	44Cr
Effective Tax Rate - (Ratio)	10.65	-12.7	-15.19	-4.05	0.59
Current Domestic Taxes	12.4L	12.81L	16.3L	10.47L	1.18Cr
Current Foreign Taxes	7L	11.28L	16.78L	12.77L	6L
Total Current Taxes	19.86L	24.09L	33.08L	23.24L	1.24Cr
Deferred Domestic Taxes	-8L	-29.11L	-42.45L	-29.82L	-1.21Cr
Deferred Foreign Taxes	26T	-4L	-4L	-97T	-2L
Total Deferred Taxes	-8L	-33.57L	-46.75L	-30.79L	-1.23Cr
Normalized Net Income	85.24L	63.9L	1.04Cr	1.07Cr	1.56Cr
Supplemental Operating Expense Items
Selling and Marketing Expenses	4.58Cr	5.28Cr	6.19Cr	7.04Cr	8.17Cr
General and Administrative Expenses	2.31Cr	3.34Cr	3.99Cr	5.41Cr	6.18Cr
Research And Development Expense From Footnotes	3.76Cr	4.38Cr	4.66Cr	5.51Cr	5.86Cr
Net Rental Expense, Total	29.47L	42.6L	47.25L	49.86L	52.4L
Imputed Operating Lease Interest Expense	-	-	7L	48.37L	44.17L
Imputed Operating Lease Depreciation	-	-	40.05L	1L	8L
Stock-Based Comp., COGS (Total)	2L	3L	4L	5L	6L
Stock-Based Comp., R&D Exp. (Total)	10L	11.97L	10.32L	12.36L	17.77L
Stock-Based Comp., S&M Exp. (Total)	17.08L	23.18L	20.69L	25.03L	41.07L
Stock-Based Comp., G&A Exp. (Total)	27.77L	34.31L	46.63L	43.73L	67.74L
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	56.55L	72.37L	81.35L	85.78L	1.33Cr

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	9.28Cr	5.41Cr	15Cr	3.49Cr	3.17Cr
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	9.28Cr	5.41Cr	15Cr	3.49Cr	3.17Cr
Accounts Receivable, Total	5.64Cr	5.92Cr	4.37Cr	5.04Cr	5.6Cr
Other Receivables	-	-	-	-	-
Total Receivables	5.64Cr	5.92Cr	4.37Cr	5.04Cr	5.6Cr
Inventory	3.98Cr	5.16Cr	4.39Cr	7.32Cr	7.44Cr
Deferred Tax Assets Current	-	-	-	37.64L	-
Other Current Assets, Total	35.74L	51.34L	65.67L	38.71L	41.12L
Total Current Assets	19Cr	17Cr	25Cr	17Cr	17Cr
Gross Property Plant And Equipment	3.87Cr	5.43Cr	5.69Cr	7.66Cr	8.15Cr
Accumulated Depreciation	-2.49Cr	-2.85Cr	-2.9Cr	-3.37Cr	-3.95Cr
Net Property Plant And Equipment	1.39Cr	2.58Cr	2.78Cr	4.29Cr	4.2Cr
Long-term Investments	-	-	-	-	-
Goodwill	15Cr	21Cr	23Cr	34Cr	34Cr
Other Intangibles, Total	3.07Cr	12Cr	12Cr	30Cr	28Cr
Deferred Tax Assets Long-Term	73.3L	4L	4L	-	48.84L
Other Long-Term Assets, Total	9L	10.11L	10.67L	22.53L	37.88L
Total Assets	40Cr	53Cr	62Cr	85Cr	84Cr
Liabilities
Accounts Payable, Total	2.12Cr	2.81Cr	2.26Cr	3.24Cr	1.71Cr
Accrued Expenses, Total	87.33L	93.72L	1.29Cr	1.46Cr	1.64Cr
Current Portion of Long-Term Debt	-	19.72L	-	1.55Cr	1.55Cr
Current Portion of Leases	-	25.27L	26.33L	31.96L	33.52L
Current Income Taxes Payable	-	-	-	-	11.16L
Unearned Revenue Current, Total	50.25L	76.91L	1.36Cr	1.98Cr	2.53Cr
Other Current Liabilities	95.17L	1.16Cr	71.99L	1.1Cr	71.38L
Total Current Liabilities	4.45Cr	6.12Cr	5.89Cr	9.65Cr	8.6Cr
Long-Term Debt	-	5.9Cr	4.58Cr	22Cr	19Cr
Long-Term Leases	-	1.62Cr	1.84Cr	1.7Cr	1.4Cr
Deferred Tax Liability Non Current	3L	1.72Cr	1.35Cr	96.66L	18.12L
Other Non Current Liabilities	50.01L	36.08L	1.04Cr	67.83L	52.13L
Total Liabilities	4.97Cr	16Cr	15Cr	35Cr	30Cr
Common Stock, Total	3L	4L	4L	4L	4L
Additional Paid In Capital	27Cr	28Cr	37Cr	39Cr	40Cr
Retained Earnings	16Cr	17Cr	18Cr	20Cr	22Cr
Treasury Stock	-5.43Cr	-5.51Cr	-5.65Cr	-5.82Cr	-6.15Cr
Comprehensive Income and Other	-2.55Cr	-2.38Cr	-2.27Cr	-2.61Cr	-2.7Cr
Total Common Equity	35Cr	37Cr	47Cr	50Cr	54Cr
Total Equity	35Cr	37Cr	47Cr	50Cr	54Cr
Total Liabilities And Equity	40Cr	53Cr	62Cr	85Cr	84Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.83Cr	2.92Cr	3.44Cr	3.56Cr	3.61Cr
ECS Total Common Shares Outstanding	2.82Cr	2.92Cr	3.43Cr	3.55Cr	3.61Cr
Book Value / Share	12.36	12.74	13.79	14.11	14.99
Tangible Book Value	16Cr	4.01Cr	13Cr	-14Cr	-7.82Cr
Tangible Book Value Per Share	5.84	1.38	3.76	-3.97	-2.17
Total Debt	0	7.97Cr	6.68Cr	26Cr	22Cr
Net Debt	-9.28Cr	2.55Cr	-8.56Cr	22Cr	19Cr
Debt Equivalent Oper. Leases	2.36Cr	3.41Cr	3.78Cr	3.99Cr	4.19Cr
Account Code - Inventory Valuation	5	5	5	5	-
Inventories - Raw Materials, Total	1.23Cr	1.4Cr	2.73Cr	3.92Cr	3Cr
Inventories - Work In Process, Total	6L	-	14T	6L	66T
Inventories - Finished Goods, Total	2.69Cr	3.76Cr	1.66Cr	3.34Cr	4.44Cr
Land - (BS)	6L	6L	6L	5L	6L
Buildings, Total	23.38L	23.38L	23.38L	23.38L	23.38L
Machinery, Total	2.04Cr	2.04Cr	1.91Cr	2.01Cr	2.04Cr
Full Time Employees	543	656	659	790	822
Accumulated Allowance for Doubtful Accounts (Supple)	10L	37.78L	39.34L	32.85L	16.93L
Order Backlog	3.98Cr	-	-	-	-

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	99.58L	84.11L	1.04Cr	1.94Cr	2.48Cr
Depreciation & Amortization - CF	45.78L	45.45L	43.43L	66.44L	67.53L
Amortization of Goodwill and Intangible Assets - (CF)	88.18L	1.48Cr	1.65Cr	3.09Cr	2.72Cr
Depreciation & Amortization, Total	1.34Cr	1.93Cr	2.09Cr	3.76Cr	3.4Cr
(Gain) Loss From Sale Of Asset	-43.92L	-	89T	4T	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	56.55L	72.37L	81.35L	85.78L	1.33Cr
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	6L	21.35L	22.9L	4L	-26.33L
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	21.09L	-5L	24.16L	-28.78L	-1.35Cr
Change In Accounts Receivable	-65.89L	55.39L	1.15Cr	-5L	-29.25L
Change In Inventories	-10.62L	-1.11Cr	46.79L	-4.14Cr	-50.62L
Change In Accounts Payable	82.32L	32.05L	-55.78L	72.81L	-1.55Cr
Change In Income Taxes	-1L	-11L	2L	-13.05L	40.88L
Change in Other Net Operating Assets	11.25L	13.74L	28.17L	1.06Cr	3L
Cash from Operations	2.9Cr	3.45Cr	5.77Cr	3.77Cr	3.68Cr
Capital Expenditure	-93.35L	-9L	-22.57L	-19.74L	-43.45L
Sale of Property, Plant, and Equipment	1.01Cr	-	-	-	-
Cash Acquisitions	-	-14Cr	-1.91Cr	-35Cr	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	47.5L	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	55.11L	-14Cr	-2.14Cr	-35Cr	-43.45L
Long-Term Debt Issued, Total	-	12Cr	6L	35Cr	-
Total Debt Issued	-	12Cr	6L	35Cr	-
Long-Term Debt Repaid, Total	-	-5.59Cr	-1.56Cr	-15Cr	-3.64Cr
Total Debt Repaid	-	-5.59Cr	-1.56Cr	-15Cr	-3.64Cr
Issuance of Common Stock	59.32L	69.67L	8.36Cr	1.1Cr	61.89L
Repurchase of Common Stock	-10.71L	-17.91L	-21.2L	-66.62L	-43.14L
Other Financing Activities, Total	-37.48L	-46.98L	-42L	-1.34Cr	-
Cash from Financing	11.13L	6.36Cr	6.22Cr	19Cr	-3.45Cr
Foreign Exchange Rate Adjustments	-8L	3L	-3L	14.74L	-11.13L
Net Change in Cash	3.48Cr	-3.87Cr	9.83Cr	-12Cr	-32.07L
Supplemental Items
Cash Interest Paid	1T	30.09L	9L	1.42Cr	2.64Cr
Cash Income Tax Paid (Refund)	20.48L	36.86L	36.84L	43.33L	86.93L
Levered Free Cash Flow	2.59Cr	2.83Cr	5.85Cr	3.92Cr	4.46Cr
Unlevered Free Cash Flow	2.6Cr	3.05Cr	5.94Cr	5.15Cr	6.03Cr
Change In Net Working Capital	-84.26L	39.01L	-2.13Cr	1.56Cr	1.39Cr
Net Debt Issued / Repaid	-	6.31Cr	-1.5Cr	20Cr	-3.64Cr

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.04	1.9	1.98	3.11	3.71
Return on Total Capital	2.31	2.2	2.3	3.53	4.12
Return On Equity %	2.93	2.33	2.46	3.98	4.75
Return on Common Equity	2.93	2.33	2.46	3.98	4.75
Margin Analysis
Gross Profit Margin %	47.99	53.16	55.46	57.08	57.58
SG&A Margin	27.11	30.84	33	32.07	32.25
EBITDA Margin %	10.21	11.95	12.66	19.13	18.89
EBITA Margin %	8.41	10.32	11.25	17.42	17.38
EBIT Margin %	4.94	5.04	5.9	9.45	11.26
Income From Continuing Operations Margin %	3.92	3.01	3.36	4.99	5.57
Net Income Margin %	3.92	3.01	3.36	4.99	5.57
Net Avail. For Common Margin %	3.92	3.01	3.36	4.99	5.57
Normalized Net Income Margin	3.35	2.29	3.37	2.75	3.5
Levered Free Cash Flow Margin	10.2	10.13	18.97	10.1	10.02
Unlevered Free Cash Flow Margin	10.23	10.93	19.25	13.27	13.56
Asset Turnover
Asset Turnover	0.66	0.6	0.54	0.53	0.53
Fixed Assets Turnover	22.89	14.07	11.5	10.98	10.48
Receivables Turnover (Average Receivables)	4.79	4.83	5.99	8.24	8.36
Inventory Turnover (Average Inventory)	3.25	2.86	2.88	2.85	2.56
Short Term Liquidity
Current Ratio	4.33	2.78	4.18	1.72	1.93
Quick Ratio	3.36	1.85	3.33	0.88	1.02
Operating Cash Flow to Current Liabilities	0.65	0.56	0.98	0.39	0.43