Allegion (ALLE) FY2015 results: revenue $2.1 billion, down 2.4% on the year
Allegion plc (ALLE) reported revenue of $2.1 billion for fiscal 2015, the year ended 31 December 2015, down 2.4% on the year before. Net income was $154 million, down 12.2%, and diluted earnings per share $1.59. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$2.1 billion
-2.4% on the year
FY2012FY2015
Operating margin
17.3%
15.4% a year earlier
FY2012FY2015
Net income
$154 million
-12.2% on the year
FY2012FY2015
Diluted EPS
$1.59
-11.7% on the year
FY2012FY2015
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
2,068
2,118
2,070
-2.4%
Cost of revenue
1,199
1,265
1,208
-5.2%
Gross profit
869
854
862
+1.8%
Gross margin
42.0%
40.3%
41.6%
Research and development
45.2
43.3
39.6
+4.4%
Selling, general and administrative
510
527
483
-3.2%
Operating income
359
326
241
+9.9%
Operating margin
17.3%
15.4%
11.6%
Interest expense
52.9
53.8
10.2
-1.7%
Pre-tax income
209
268
223
-21.9%
Income tax
54.6
84.2
175
-35.2%
Effective tax rate
26.1%
31.4%
78.3%
Net income
154
175
32.3
-12.2%
Net margin
7.4%
8.3%
1.6%
Diluted EPS
$1.59
$1.80
$0.34
-11.7%
$ 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
257
256
224
+0.4%
Capital expenditure
35.2
51.5
20.2
-31.7%
Free cash flow
222
204
204
+8.5%
Free cash flow margin
10.7%
9.6%
9.8%
Cash from investing
-534
-34.8
-18.7
Depreciation and amortisation
48.8
44.2
45.7
+10.4%
Share-based compensation
14.6
13.1
0.8
+11.5%
Buybacks
30.0
50.3
0.0
-40.4%
Dividends paid
38.3
30.0
0.0
+27.7%
Dividend per share
$0.12
$0.10
n/a
+20.0%
Diluted shares, weighted
97m
97m
96m
-0.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
25.6
-4.8
-66.1
Non-controlling interest
4.1
23.3
31.1
-82.4%
Debt
1,523
1,265
1,344
+20.4%
Other liabilities
710
733
692
-3.1%
Total liabilities and equity
2,263
2,016
2,001
+12.3%
Fixed assets
225
207
200
+8.5%
Goodwill
714
484
483
+47.4%
Intangible assets
372
125
146
+197.0%
Cash and equivalents
200
290
227
-31.3%
Receivables
303
230
260
+31.7%
Inventory
204
169
188
+20.6%
Other assets
244
509
496
-51.9%
Total assets
2,263
2,016
2,001
+12.3%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.