Arrow Electronics (ARW) FY2015 results: revenue $23.3 billion, up 2.3% on the year
Arrow Electronics, Inc. (ARW) reported revenue of $23.3 billion for fiscal 2015, the year ended 31 December 2015, up 2.3% on the year before. Net income was $498 million, down 0.1%, and diluted earnings per share $5.20. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2016.
Revenue
$23.3 billion
+2.3% on the year
FY2008FY2015
Operating margin
3.5%
3.3% a year earlier
FY2008FY2015
Net income
$498 million
-0.1% on the year
FY2008FY2015
Diluted EPS
$5.20
+4.4% 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
23,282
22,769
21,357
+2.3%
Cost of revenue
20,247
19,773
18,566
+2.4%
Gross profit
3,035
2,996
2,791
+1.3%
Gross margin
13.0%
13.2%
13.1%
Selling, general and administrative
1,986
1,960
1,874
+1.4%
Operating income
824
762
694
+8.2%
Operating margin
3.5%
3.3%
3.2%
Income tax
192
185
182
+3.7%
Net income
498
498
399
-0.1%
Net margin
2.1%
2.2%
1.9%
Diluted EPS
$5.20
$4.98
$3.85
+4.4%
$ 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
660
673
451
-2.0%
Capital expenditure
155
123
116
+26.4%
Free cash flow
505
551
335
-8.3%
Free cash flow margin
2.2%
2.4%
1.6%
Cash from investing
-664
-245
-487
Cash from financing
-89.1
-435
-26.6
Depreciation and amortisation
156
156
131
-0.2%
Share-based compensation
47.3
41.9
36.9
+12.7%
Buybacks
356
305
363
+17.0%
Diluted shares, weighted
96m
100m
104m
-4.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
4,142
4,154
4,180
-0.3%
Non-controlling interest
52.4
4.9
4.6
+959.9%
Debt
2,425
2,081
2,250
+16.5%
Other liabilities
6,403
6,203
5,626
+3.2%
Total liabilities and equity
13,022
12,443
12,061
+4.7%
Fixed assets
700
636
632
+10.0%
Goodwill
2,369
2,069
2,039
+14.5%
Intangible assets
389
336
426
+16.0%
Cash and equivalents
273
400
391
-31.8%
Receivables
6,161
6,044
5,770
+1.9%
Inventory
2,466
2,335
2,167
+5.6%
Other assets
663
622
635
+6.5%
Total assets
13,022
12,443
12,061
+4.7%
10-K for the year ended 31 December 2015, filed 5 February 2016: the filing.