Cash flow Digi International Inc.

Equities

DGII

US2537981027

Communications & Networking

Market Closed - Nasdaq Other stock markets 01:30:00 07/09/2024 am IST			5-day change	1st Jan Change
27.13 ^USD	-3.55%		-7.91%	+4.35%

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

4764d2e2e5e26a7ee287802e0838264.npNIPHwfiXVkmzR7it3qtpHeq2D7mfZZQi4nVyaMorA.18ZlbRVyy0Mq9kI14Zie7-my4yyV9J0OFXFCNUDcmsKp1xpZEXHaGhD4Uw

Published financial data: DIGI INTERNATIONAL INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	254M	279M	309M	388M	445M
Total Revenues	254M	279M	309M	388M	445M
Cost of Goods Sold, Total	132M	131M	137M	167M	189M
Gross Profit	122M	148M	171M	222M	256M
Selling General & Admin Expenses, Total	68.91M	86.13M	102M	124M	143M
R&D Expenses	37.56M	43.76M	46.62M	55.1M	58.65M
Amortization of Goodwill and Intangible Assets - (IS)	2.96M	4.49M	4.5M	5.3M	3.96M
Other Operating Expenses, Total	109M	134M	153M	185M	206M
Operating Income	12.56M	14.08M	18.2M	36.7M	50.1M
Interest Expense, Total	-102K	-3.59M	-1.4M	-19.7M	-25.24M
Interest And Investment Income	733K	304K	10K	11K	-
Net Interest Expenses	631K	-3.29M	-1.38M	-19.69M	-25.24M
Currency Exchange Gains (Loss)	400K	-600K	-100K	100K	-
Other Non Operating Income (Expenses)	42K	34K	-44K	-2K	59K
EBT, Excl. Unusual Items	13.64M	10.22M	16.67M	17.1M	24.92M
Restructuring Charges	87K	-117K	-995K	-275K	-
Merger & Related Restructuring Charges	-1.39M	-2.77M	-900K	-4.4M	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-1.19M	128K	-5.77M	6.2M	-
EBT, Incl. Unusual Items	11.14M	7.46M	9M	18.63M	24.92M
Income Tax Expense	1.19M	-948K	-1.37M	-755K	148K
Earnings From Continuing Operations	9.96M	8.41M	10.37M	19.38M	24.77M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	9.96M	8.41M	10.37M	19.38M	24.77M
Net Income - (IS)	9.96M	8.41M	10.37M	19.38M	24.77M
Net Income to Common Incl Extra Items	9.96M	8.41M	10.37M	19.38M	24.77M
Net Income to Common Excl. Extra Items	9.96M	8.41M	10.37M	19.38M	24.77M
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	27.9M	28.85M	32.11M	35.03M	35.82M
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	28.55M	29.55M	33.39M	36M	36.87M
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	25.96M	33.38M	39.07M	74.27M	84.05M
EBITA	21.38M	28.83M	34.73M	67.62M	77.3M
EBIT	12.56M	14.08M	18.2M	36.7M	50.1M
EBITDAR	28.91M	37.64M	43.8M	79.25M	89.29M
Total Revenues (As Reported)	254M	279M	309M	388M	445M
Effective Tax Rate - (Ratio)	10.65	-12.7	-15.19	-4.05	0.59
Current Domestic Taxes	1.24M	1.28M	1.63M	1.05M	11.85M
Current Foreign Taxes	746K	1.13M	1.68M	1.28M	598K
Total Current Taxes	1.99M	2.41M	3.31M	2.32M	12.45M
Deferred Domestic Taxes	-825K	-2.91M	-4.24M	-2.98M	-12.13M
Deferred Foreign Taxes	26K	-446K	-430K	-97K	-168K
Total Deferred Taxes	-799K	-3.36M	-4.68M	-3.08M	-12.3M
Normalized Net Income	8.52M	6.39M	10.42M	10.69M	15.57M
Supplemental Operating Expense Items
Selling and Marketing Expenses	45.8M	52.76M	61.91M	70.37M	81.68M
General and Administrative Expenses	23.1M	33.37M	39.93M	54.13M	61.78M
Research And Development Expense From Footnotes	37.56M	43.76M	46.62M	55.1M	58.65M
Net Rental Expense, Total	2.95M	4.26M	4.72M	4.99M	5.24M
Imputed Operating Lease Interest Expense	-	-	720K	4.84M	4.42M
Imputed Operating Lease Depreciation	-	-	4M	149K	823K
Stock-Based Comp., COGS (Total)	174K	291K	371K	466K	628K
Stock-Based Comp., R&D Exp. (Total)	996K	1.2M	1.03M	1.24M	1.78M
Stock-Based Comp., S&M Exp. (Total)	1.71M	2.32M	2.07M	2.5M	4.11M
Stock-Based Comp., G&A Exp. (Total)	2.78M	3.43M	4.66M	4.37M	6.77M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	5.66M	7.24M	8.14M	8.58M	13.29M

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	92.79M	54.13M	152M	34.9M	31.69M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	92.79M	54.13M	152M	34.9M	31.69M
Accounts Receivable, Total	56.42M	59.23M	43.74M	50.45M	56M
Other Receivables	-	-	-	-	-
Total Receivables	56.42M	59.23M	43.74M	50.45M	56M
Inventory	39.76M	51.57M	43.92M	73.22M	74.4M
Deferred Tax Assets Current	-	-	-	3.76M	-
Other Current Assets, Total	3.57M	5.13M	6.57M	3.87M	4.11M
Total Current Assets	193M	170M	247M	166M	166M
Gross Property Plant And Equipment	38.74M	54.35M	56.86M	76.59M	81.53M
Accumulated Depreciation	-24.88M	-28.51M	-29.04M	-33.7M	-39.55M
Net Property Plant And Equipment	13.86M	25.84M	27.82M	42.89M	41.98M
Long-term Investments	-	-	-	-	-
Goodwill	153M	210M	226M	340M	342M
Other Intangibles, Total	30.67M	121M	118M	302M	277M
Deferred Tax Assets Long-Term	7.33M	389K	439K	-	4.88M
Other Long-Term Assets, Total	875K	1.01M	1.07M	2.25M	3.79M
Total Assets	399M	529M	620M	854M	836M
Liabilities
Accounts Payable, Total	21.18M	28.07M	22.59M	32.37M	17.15M
Accrued Expenses, Total	8.73M	9.37M	12.93M	14.58M	16.43M
Current Portion of Long-Term Debt	-	1.97M	-	15.52M	15.52M
Current Portion of Leases	-	2.53M	2.63M	3.2M	3.35M
Current Income Taxes Payable	-	-	-	-	1.12M
Unearned Revenue Current, Total	5.02M	7.69M	13.59M	19.8M	25.27M
Other Current Liabilities	9.52M	11.6M	7.2M	11.04M	7.14M
Total Current Liabilities	44.46M	61.23M	58.94M	96.51M	85.98M
Long-Term Debt	-	58.98M	45.8M	222M	188M
Long-Term Leases	-	16.19M	18.37M	16.98M	13.99M
Deferred Tax Liability Non Current	261K	17.17M	13.49M	9.67M	1.81M
Other Non Current Liabilities	5M	3.61M	10.41M	6.78M	5.21M
Total Liabilities	49.72M	157M	147M	352M	295M
Common Stock, Total	346K	355K	407K	420K	425K
Additional Paid In Capital	267M	280M	371M	385M	404M
Retained Earnings	162M	170M	181M	200M	225M
Treasury Stock	-54.34M	-55.11M	-56.54M	-58.17M	-61.51M
Comprehensive Income and Other	-25.52M	-23.82M	-22.75M	-26.05M	-27.01M
Total Common Equity	349M	372M	473M	502M	540M
Total Equity	349M	372M	473M	502M	540M
Total Liabilities And Equity	399M	529M	620M	854M	836M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	28.31M	29.24M	34.41M	35.56M	36.11M
ECS Total Common Shares Outstanding	28.24M	29.16M	34.26M	35.54M	36.06M
Book Value / Share	12.36	12.74	13.79	14.11	14.99
Tangible Book Value	165M	40.12M	129M	-141M	-78.19M
Tangible Book Value Per Share	5.84	1.38	3.76	-3.97	-2.17
Total Debt	0	79.67M	66.8M	258M	221M
Net Debt	-92.79M	25.54M	-85.63M	223M	189M
Debt Equivalent Oper. Leases	23.58M	34.08M	37.8M	39.89M	41.92M
Account Code - Inventory Valuation	5	5	5	5	-
Inventories - Raw Materials, Total	12.31M	14.01M	27.26M	39.19M	29.97M
Inventories - Work In Process, Total	565K	-	14K	592K	66K
Inventories - Finished Goods, Total	26.89M	37.56M	16.64M	33.44M	44.36M
Land - (BS)	570K	570K	570K	520K	570K
Buildings, Total	2.34M	2.34M	2.34M	2.34M	2.34M
Machinery, Total	20.4M	20.39M	19.05M	20.14M	20.37M
Full Time Employees	543	656	659	790	822
Accumulated Allowance for Doubtful Accounts (Supple)	968K	3.78M	3.93M	3.28M	1.69M
Order Backlog	39.8M	-	-	-	-

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	9.96M	8.41M	10.37M	19.38M	24.77M
Depreciation & Amortization - CF	4.58M	4.54M	4.34M	6.64M	6.75M
Amortization of Goodwill and Intangible Assets - (CF)	8.82M	14.75M	16.53M	30.93M	27.2M
Depreciation & Amortization, Total	13.4M	19.3M	20.88M	37.57M	33.96M
(Gain) Loss From Sale Of Asset	-4.39M	-	89K	4K	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	5.66M	7.24M	8.14M	8.58M	13.29M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	635K	2.14M	2.29M	427K	-2.63M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	2.11M	-489K	2.42M	-2.88M	-13.54M
Change In Accounts Receivable	-6.59M	5.54M	11.47M	-541K	-2.92M
Change In Inventories	-1.06M	-11.13M	4.68M	-41.37M	-5.06M
Change In Accounts Payable	8.23M	3.2M	-5.58M	7.28M	-15.5M
Change In Income Taxes	-103K	-1.1M	165K	-1.3M	4.09M
Change in Other Net Operating Assets	1.12M	1.37M	2.82M	10.59M	319K
Cash from Operations	28.96M	34.48M	57.72M	37.74M	36.75M
Capital Expenditure	-9.34M	-899K	-2.26M	-1.97M	-4.34M
Sale of Property, Plant, and Equipment	10.1M	-	-	-	-
Cash Acquisitions	-	-136M	-19.11M	-348M	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	4.75M	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	5.51M	-137M	-21.36M	-350M	-4.34M
Long-Term Debt Issued, Total	-	119M	617K	350M	-
Total Debt Issued	-	119M	617K	350M	-
Long-Term Debt Repaid, Total	-	-55.89M	-15.62M	-148M	-36.38M
Total Debt Repaid	-	-55.89M	-15.62M	-148M	-36.38M
Issuance of Common Stock	5.93M	6.97M	83.57M	11M	6.19M
Repurchase of Common Stock	-1.07M	-1.79M	-2.12M	-6.66M	-4.31M
Other Financing Activities, Total	-3.75M	-4.7M	-4.2M	-13.44M	-
Cash from Financing	1.11M	63.6M	62.24M	193M	-34.5M
Foreign Exchange Rate Adjustments	-810K	253K	-297K	1.47M	-1.11M
Net Change in Cash	34.78M	-38.66M	98.3M	-118M	-3.21M
Supplemental Items
Cash Interest Paid	1K	3.01M	917K	14.21M	26.35M
Cash Income Tax Paid (Refund)	2.05M	3.69M	3.68M	4.33M	8.69M
Levered Free Cash Flow	25.93M	28.29M	58.54M	39.2M	44.55M
Unlevered Free Cash Flow	26M	30.53M	59.41M	51.51M	60.32M
Change In Net Working Capital	-8.43M	3.9M	-21.28M	15.6M	13.88M
Net Debt Issued / Repaid	-	63.12M	-15.01M	202M	-36.38M

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