Agilent Technologies (A) FY2015 results: revenue $4.0 billion, down 0.2% on the year
Agilent Technologies, Inc. (A) reported revenue of $4.0 billion for fiscal 2015, the year ended 31 October 2015, down 0.2% on the year before. Net income was $401 million, down 27.0%, and diluted earnings per share $1.20. The figures are the company's own, from the 10-K it filed with the SEC on 21 December 2015.
Revenue
$4.0 billion
-0.2% on the year
FY2008FY2015
Operating margin
12.9%
10.4% a year earlier
FY2008FY2015
Net income
$401 million
-27.0% on the year
FY2008FY2015
Diluted EPS
$1.20
-25.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
4,038
4,048
3,894
-0.2%
Cost of revenue
1,997
2,072
1,987
-3.6%
Gross profit
2,041
1,976
1,907
+3.3%
Gross margin
50.5%
48.8%
49.0%
Research and development
330
358
337
-7.8%
Selling, general and administrative
1,189
1,199
1,184
-0.8%
Operating income
522
419
386
+24.6%
Operating margin
12.9%
10.4%
9.9%
Interest expense
66.0
110
107
-40.0%
Pre-tax income
767
763
732
+0.5%
Income tax
42.0
-3.0
68.0
Effective tax rate
5.5%
-0.4%
9.3%
Net income
401
549
734
-27.0%
Net margin
9.9%
13.6%
18.8%
Diluted EPS
$1.20
$1.62
$2.13
-25.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
512
731
1,152
-30.0%
Capital expenditure
98.0
205
195
-52.2%
Free cash flow
414
526
957
-21.3%
Free cash flow margin
10.3%
13.0%
24.6%
Cash from investing
-400
-230
-248
Cash from financing
-1,089
-117
-554
Depreciation and amortisation
253
384
372
-34.1%
Share-based compensation
54.0
96.0
85.0
-43.8%
Buybacks
267
200
900
+33.5%
Dividends paid
133
176
156
-24.4%
Dividend per share
$0.40
$0.53
$0.46
-24.2%
Diluted shares, weighted
335m
338m
345m
-0.9%
Shares outstanding at period end
611m
608m
602m
+0.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
4,167
5,298
5,286
-21.3%
Non-controlling interest
3.0
3.0
3.0
0.0%
Short-term borrowings
n/a
n/a
0.0
Debt
1,655
1,663
2,699
-0.5%
Other liabilities
1,654
3,867
2,698
-57.2%
Total liabilities and equity
7,479
10,831
10,686
-30.9%
Fixed assets
604
631
1,134
-4.3%
Goodwill
2,366
2,507
2,628
-5.6%
Intangible assets
445
649
916
-31.4%
Investments
86.0
96.0
139
-10.4%
Cash and equivalents
2,003
2,218
2,675
-9.7%
Receivables
606
626
899
-3.2%
Inventory
541
574
1,066
-5.7%
Other assets
828
3,530
1,229
-76.5%
Total assets
7,479
10,831
10,686
-30.9%
10-K for the year ended 31 October 2015, filed 21 December 2015: the filing.