Aptiv (APTV) FY2015 results: revenue $10.9 billion, down 29.9% on the year
Aptiv plc (APTV) reported revenue of $10.9 billion for fiscal 2015, the year ended 31 December 2015, down 29.9% on the year before. Net income was $1.4 billion, up 7.3%, and diluted earnings per share $5.06. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2016.
Revenue
$10.9 billion
-29.9% on the year
FY2010FY2015
Operating margin
11.4%
11.3% a year earlier
FY2010FY2015
Net income
$1.4 billion
+7.3% on the year
FY2010FY2015
Diluted EPS
$5.06
+12.9% 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
10,864
15,499
15,051
-29.9%
Cost of revenue
8,691
12,471
12,274
-30.3%
Gross profit
2,173
3,028
2,777
-28.2%
Gross margin
20.0%
19.5%
18.5%
Research and development
700
1,200
1,200
-41.7%
Selling, general and administrative
803
1,036
916
-22.5%
Operating income
1,235
1,758
1,627
-29.7%
Operating margin
11.4%
11.3%
10.8%
Interest expense
124
135
143
-8.1%
Pre-tax income
997
1,615
1,466
-38.3%
Income tax
161
255
240
-36.9%
Effective tax rate
16.1%
15.8%
16.4%
Net income
1,450
1,351
1,212
+7.3%
Net margin
13.3%
8.7%
8.1%
Diluted EPS
$5.06
$4.48
$3.89
+12.9%
$ 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
1,703
2,135
1,750
-20.2%
Capital expenditure
503
779
605
-35.4%
Free cash flow
1,200
1,356
1,145
-11.5%
Free cash flow margin
11.0%
8.7%
7.6%
Cash from investing
-1,699
-1,186
-655
Cash from financing
-284
-1,398
-822
Depreciation and amortisation
344
540
499
-36.3%
Share-based compensation
67.0
73.0
46.0
-8.2%
Buybacks
1,159
1,024
457
+13.2%
Dividends paid
286
301
211
-5.0%
Dividend per share
$1.00
$1.00
$0.68
0.0%
Diluted shares, weighted
287m
302m
312m
-5.1%
Shares outstanding at period end
278m
292m
306m
-4.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,250
2,510
2,911
-10.4%
Non-controlling interest
483
503
523
-4.0%
Debt
4,008
2,426
2,412
+65.2%
Other liabilities
5,232
5,282
5,201
-0.9%
Total liabilities and equity
11,973
10,721
11,047
+11.7%
Fixed assets
2,126
3,021
2,930
-29.6%
Goodwill
1,531
656
496
+133.4%
Intangible assets
1,383
728
698
+90.0%
Cash and equivalents
427
859
1,337
-50.3%
Receivables
2,750
2,400
2,454
+14.6%
Inventory
1,181
1,013
1,014
+16.6%
Other assets
2,575
2,044
2,118
+26.0%
Total assets
11,973
10,721
11,047
+11.7%
10-K for the year ended 31 December 2015, filed 8 February 2016: the filing.