Advanced Energy Industries (AEIS) FY2015 results: revenue $415 million, up 12.9% on the year
Advanced Energy Industries Inc. (AEIS) reported revenue of $415 million for fiscal 2015, the year ended 31 December 2015, up 12.9% on the year before. Net income was -$158 million, and diluted earnings per share $-3.89. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$415 million
+12.9% on the year
FY2009FY2015
Operating margin
25.7%
23.4% a year earlier
FY2009FY2015
Net income
-$158 million
FY2009FY2015
Diluted EPS
-$3.89
FY2009FY2015
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
415
367
299
+12.9%
Cost of revenue
198
179
154
+10.4%
Gross profit
217
188
146
+15.3%
Gross margin
52.3%
51.2%
48.6%
Research and development
39.6
36.9
35.4
+7.1%
Selling, general and administrative
66.1
58.5
57.3
+12.9%
Operating income
107
86.1
47.8
+23.9%
Operating margin
25.7%
23.4%
16.0%
Interest expense
n/a
n/a
0.3
Pre-tax income
105
86.0
48.3
+22.6%
Income tax
22.0
16.5
-11.4
+33.0%
Effective tax rate
20.8%
19.2%
-23.6%
Net income
-158
47.0
32.1
Net margin
-38.2%
12.8%
10.7%
Diluted EPS
-$3.89
$1.14
$0.79
$ 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
105
77.2
35.3
+35.8%
Capital expenditure
4.0
3.4
2.6
+16.4%
Free cash flow
101
73.7
32.7
+36.7%
Free cash flow margin
24.3%
20.1%
10.9%
Cash from investing
-13.3
-55.0
-70.9
Cash from financing
-45.5
-34.1
26.3
Depreciation and amortisation
8.8
10.5
7.0
-15.6%
Share-based compensation
2.8
3.7
9.8
-24.3%
Buybacks
50.0
25.0
0.0
+100.0%
Diluted shares, weighted
41m
41m
41m
+0.1%
Shares outstanding at period end
40m
41m
41m
-2.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
264
475
464
-44.5%
Debt
0.0
0.0
13.7
Other liabilities
199
210
175
-5.0%
Total liabilities and equity
463
685
653
-32.4%
Fixed assets
9.6
9.8
34.9
-1.2%
Goodwill
42.7
43.9
14.2
-2.6%
Intangible assets
34.1
40.3
19.4
-15.3%
Cash and equivalents
158
121
127
+30.5%
Receivables
55.0
79.1
126
-30.5%
Inventory
52.6
46.1
110
+14.1%
Other assets
110
344
221
-68.0%
Total assets
463
685
653
-32.4%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.