AMETEK (AME) FY2015 results: revenue $4.0 billion, down 1.2% on the year
AMETEK Inc. (AME) reported revenue of $4.0 billion for fiscal 2015, the year ended 31 December 2015, down 1.2% on the year before. Net income was $591 million, up 1.1%, and diluted earnings per share $2.45. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$4.0 billion
-1.2% on the year
FY2008FY2015
Operating margin
22.8%
22.3% a year earlier
FY2008FY2015
Net income
$591 million
+1.1% on the year
FY2008FY2015
Diluted EPS
$2.45
+3.4% 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
3,974
4,022
3,594
-1.2%
Cost of revenue
2,618
2,661
n/a
-1.6%
Gross profit
1,356
1,361
n/a
-0.4%
Gross margin
34.1%
33.8%
n/a
Research and development
116
119
93.9
-2.5%
Selling, general and administrative
449
463
398
-3.0%
Operating income
908
899
815
+1.0%
Operating margin
22.8%
22.3%
22.7%
Interest expense
91.8
79.9
73.6
+14.8%
Pre-tax income
806
805
725
+0.2%
Income tax
216
220
208
-2.2%
Effective tax rate
26.7%
27.4%
28.7%
Net income
591
584
517
+1.1%
Net margin
14.9%
14.5%
14.4%
Diluted EPS
$2.45
$2.37
$2.10
+3.4%
$ 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
673
726
661
-7.4%
Capital expenditure
69.1
71.3
63.3
-3.1%
Free cash flow
603
655
597
-7.8%
Free cash flow margin
15.2%
16.3%
16.6%
Cash from investing
n/a
n/a
-460
Cash from financing
n/a
n/a
-70.3
Depreciation and amortisation
149
139
119
+7.8%
Share-based compensation
23.8
19.9
21.6
+19.6%
Buybacks
435
245
8.5
+77.5%
Dividends paid
86.0
80.6
58.4
+6.7%
Dividend per share
$0.36
$0.33
$0.24
+9.1%
Diluted shares, weighted
242m
247m
246m
-2.2%
Shares outstanding at period end
236m
241m
245m
-2.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,255
3,240
3,136
+0.5%
Debt
1,938
1,714
1,415
+13.1%
Other liabilities
1,472
1,467
1,327
+0.3%
Total liabilities and equity
6,665
6,421
5,878
+3.8%
Fixed assets
485
448
403
+8.1%
Goodwill
2,707
2,614
2,408
+3.5%
Intangible assets
1,673
1,626
1,474
+2.9%
Securities held for sale or to maturity
8.5
9.2
8.2
-7.6%
Cash and equivalents
381
378
295
+0.9%
Receivables
603
585
537
+3.0%
Inventory
514
496
453
+3.7%
Other assets
293
265
300
+10.7%
Total assets
6,665
6,421
5,878
+3.8%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.