Artivion (AORT) FY2015 results: revenue $146 million, up 0.9% on the year
Artivion, Inc. (AORT) reported revenue of $146 million for fiscal 2015, the year ended 31 December 2015, up 0.9% on the year before. Net income was $4 million, down 45.3%, and diluted earnings per share $0.14. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2016.
Revenue
$146 million
+0.9% on the year
FY2009FY2015
Operating margin
3.7%
6.1% a year earlier
FY2009FY2015
Net income
$4 million
-45.3% on the year
FY2009FY2015
Diluted EPS
$0.14
-44.0% on the year
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
146
145
141
+0.9%
Cost of revenue
55.2
53.4
50.4
+3.4%
Gross profit
90.7
91.3
90.4
-0.6%
Gross margin
62.2%
63.1%
64.2%
Research and development
10.4
8.7
8.5
+20.0%
Selling, general and administrative
74.9
73.8
68.1
+1.6%
Operating income
5.4
8.8
13.8
-39.4%
Operating margin
3.7%
6.1%
9.8%
Interest expense
0.1
0.2
0.1
-64.6%
Pre-tax income
5.9
8.7
23.3
-32.6%
Income tax
1.9
1.4
7.1
+34.9%
Effective tax rate
31.7%
15.9%
30.6%
Net income
4.0
7.3
16.2
-45.3%
Net margin
2.7%
5.1%
11.5%
Diluted EPS
$0.14
$0.25
$0.57
-44.0%
$ 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
11.4
8.1
16.8
+40.9%
Capital expenditure
3.5
4.3
4.3
-19.0%
Free cash flow
8.0
3.8
12.4
+108.8%
Free cash flow margin
5.5%
2.6%
8.8%
Cash from investing
-4.5
n/a
n/a
Cash from financing
-2.8
n/a
n/a
Depreciation and amortisation
5.9
6.0
5.8
-2.7%
Share-based compensation
5.1
3.4
3.2
+48.1%
Buybacks
n/a
5.6
1.5
Dividends paid
3.4
3.3
3.0
+3.4%
Dividend per share
$0.12
$0.12
$0.11
+1.7%
Diluted shares, weighted
29m
28m
28m
+0.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
155
149
145
+4.4%
Debt
0.0
0.0
0.0
Other liabilities
25.9
27.5
29.9
-5.6%
Total liabilities and equity
181
176
175
+2.9%
Fixed assets
11.5
12.0
12.2
-4.3%
Goodwill
11.4
11.4
11.4
0.0%
Intangible assets
1.4
11.8
9.4
-88.0%
Cash and equivalents
37.6
33.4
37.6
+12.6%
Receivables
23.4
21.1
17.8
+11.2%
Inventory
14.6
12.7
9.8
+14.9%
Other assets
81.3
73.8
76.5
+10.1%
Total assets
181
176
175
+2.9%
10-K for the year ended 31 December 2015, filed 16 February 2016: the filing.