Andersons (ANDE) FY2015 results: revenue $4.2 billion, down 7.5% on the year
Andersons, Inc. (ANDE) reported revenue of $4.2 billion for fiscal 2015, the year ended 31 December 2015, down 7.5% on the year before. Net income was -$13 million, and diluted earnings per share $-0.46. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$4.2 billion
-7.5% on the year
FY2008FY2015
Operating margin
0.9%
1.8% a year earlier
FY2008FY2015
Net income
-$13 million
FY2008FY2015
Diluted EPS
-$0.46
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
4,198
4,540
5,605
-7.5%
Cost of revenue
3,823
4,143
5,239
-7.7%
Gross profit
376
397
365
-5.4%
Gross margin
9.0%
8.7%
6.5%
Operating income
37.7
81.3
86.8
-53.6%
Operating margin
0.9%
1.8%
1.5%
Pre-tax income
-11.6
184
150
Income tax
-0.2
61.5
53.8
Effective tax rate
n/a
33.4%
36.0%
Net income
-13.1
110
89.9
Net margin
-0.3%
2.4%
1.6%
Diluted EPS
-$0.46
$3.84
$3.18
$ 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
154
-10.1
337
Capital expenditure
72.5
59.7
46.8
+21.4%
Free cash flow
81.7
-69.7
290
Free cash flow margin
1.9%
-1.5%
5.2%
Cash from investing
-238
-89.7
-106
Cash from financing
33.4
-94.6
-60.1
Depreciation and amortisation
78.5
62.0
55.3
+26.5%
Share-based compensation
1.9
8.6
4.3
-77.9%
Buybacks
49.1
0.0
0.0
Dividends paid
15.9
12.5
12.0
+27.5%
Dividend per share
$0.57
$0.47
$0.43
+22.3%
Diluted shares, weighted
28m
28m
28m
-0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
764
803
701
-4.8%
Non-controlling interest
19.5
20.9
22.9
-7.0%
Short-term borrowings
n/a
n/a
0.0
Debt
481
377
427
+27.5%
Other liabilities
1,094
1,163
1,122
-5.9%
Total liabilities and equity
2,359
2,365
2,274
-0.2%
Fixed assets
455
411
387
+10.6%
Goodwill
63.9
72.4
58.6
-11.7%
Intangible assets
120
66.5
19.5
+80.7%
Cash and equivalents
63.8
115
309
-44.4%
Inventory
747
796
615
-6.1%
Other assets
909
904
884
+0.5%
Total assets
2,359
2,365
2,274
-0.2%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.