Allison Transmission Holdings (ALSN) FY2015 results: revenue $2.0 billion, down 6.7% on the year
Allison Transmission Holdings Inc. (ALSN) reported revenue of $2.0 billion for fiscal 2015, the year ended 31 December 2015, down 6.7% on the year before. Net income was $182 million, down 20.3%, and diluted earnings per share $1.03. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$2.0 billion
-6.7% on the year
FY2010FY2015
Operating margin
21.6%
24.1% a year earlier
FY2010FY2015
Net income
$182 million
-20.3% on the year
FY2010FY2015
Diluted EPS
$1.03
-17.6% on the year
FY2010FY2015
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
1,986
2,127
1,927
-6.7%
Cost of revenue
1,052
1,152
1,085
-8.6%
Gross profit
934
976
842
-4.3%
Gross margin
47.0%
45.9%
43.7%
Research and development
93.0
104
97.1
-10.4%
Selling, general and administrative
317
345
335
-8.0%
Operating income
429
512
410
-16.2%
Operating margin
21.6%
24.1%
21.3%
Pre-tax income
289
368
266
-21.5%
Income tax
107
140
101
-23.3%
Effective tax rate
37.0%
37.9%
37.8%
Net income
182
229
165
-20.3%
Net margin
9.2%
10.7%
8.6%
Diluted EPS
$1.03
$1.25
$0.88
-17.6%
$ 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
580
n/a
454
Capital expenditure
58.1
64.1
74.4
-9.4%
Free cash flow
522
n/a
379
Free cash flow margin
26.3%
n/a
19.7%
Cash from investing
n/a
n/a
-81.5
Cash from financing
n/a
n/a
-278
Depreciation and amortisation
185
193
204
-3.9%
Share-based compensation
10.0
14.7
13.7
-32.0%
Buybacks
306
250
99.5
+22.4%
Dividends paid
106
91.6
77.1
+15.7%
Dividend per share
$0.60
$0.51
$0.42
+17.6%
Diluted shares, weighted
177m
182m
188m
-2.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,189
1,398
1,439
-15.0%
Debt
2,403
2,520
2,678
-4.7%
Other liabilities
817
738
696
+10.7%
Total liabilities and equity
4,408
4,656
4,813
-5.3%
Fixed assets
480
515
563
-6.8%
Goodwill
1,941
1,941
1,941
0.0%
Intangible assets
1,335
1,512
1,611
-11.7%
Cash and equivalents
252
263
185
-4.3%
Receivables
195
207
175
-6.0%
Inventory
141
144
160
-1.5%
Other assets
64.9
74.7
177
-13.1%
Total assets
4,408
4,656
4,813
-5.3%
10-K for the year ended 31 December 2015, filed 24 February 2017: the filing.