Amphenol (APH) FY2015 results: revenue $5.6 billion, up 4.2% on the year
Amphenol Corp. (APH) reported revenue of $5.6 billion for fiscal 2015, the year ended 31 December 2015, up 4.2% on the year before. Net income was $764 million, up 7.7%, and diluted earnings per share $0.30. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$5.6 billion
+4.2% on the year
FY2008FY2015
Operating margin
19.8%
19.4% a year earlier
FY2008FY2015
Net income
$764 million
+7.7% on the year
FY2008FY2015
Diluted EPS
$0.30
+9.1% 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
5,569
5,346
4,615
+4.2%
Cost of revenue
3,789
3,652
3,164
+3.8%
Gross profit
1,780
1,694
1,451
+5.1%
Gross margin
32.0%
31.7%
31.4%
Research and development
125
115
103
+8.6%
Selling, general and administrative
669
645
548
+3.7%
Operating income
1,105
1,035
897
+6.8%
Operating margin
19.8%
19.4%
19.4%
Interest expense
68.3
80.4
63.6
-15.0%
Pre-tax income
1,053
972
847
+8.3%
Income tax
280
257
208
+9.0%
Effective tax rate
26.6%
26.5%
24.6%
Net income
764
709
636
+7.7%
Net margin
13.7%
13.3%
13.8%
Diluted EPS
$0.30
$0.28
$0.24
+9.1%
$ 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
1,030
881
769
+17.0%
Capital expenditure
172
209
158
-17.7%
Free cash flow
858
672
611
+27.8%
Free cash flow margin
15.4%
12.6%
13.2%
Cash from investing
-27.3
n/a
n/a
Cash from financing
-180
n/a
n/a
Depreciation and amortisation
172
168
136
+2.1%
Share-based compensation
44.2
41.4
36.1
+6.8%
Buybacks
249
539
325
-53.9%
Dividends paid
159
102
96.8
+56.3%
Dividend per share
$0.07
$0.06
$0.04
+17.8%
Diluted shares, weighted
2,532m
2,563m
2,596m
-1.2%
Shares outstanding at period end
2,464m
2,479m
2,531m
-0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,238
2,907
2,860
+11.4%
Non-controlling interest
39.9
30.5
20.6
+30.8%
Debt
2,814
2,656
2,133
+5.9%
Other liabilities
1,366
1,392
1,155
-1.8%
Total liabilities and equity
7,458
6,986
6,168
+6.8%
Fixed assets
610
591
532
+3.2%
Goodwill
2,693
2,617
2,289
+2.9%
Intangible assets
216
236
n/a
-8.1%
Investments
23.2
361
305
-93.6%
Cash and equivalents
1,737
969
887
+79.3%
Receivables
1,105
1,124
1,001
-1.7%
Inventory
852
866
793
-1.6%
Other assets
223
224
361
-0.6%
Total assets
7,458
6,986
6,168
+6.8%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.