Astec Industries (ASTE) FY2015 results: revenue $983 million, up 0.8% on the year
Astec Industries Inc. (ASTE) reported revenue of $983 million for fiscal 2015, the year ended 31 December 2015, up 0.8% on the year before. Net income was $33 million, down 4.8%, and diluted earnings per share $1.42. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$983 million
+0.8% on the year
FY2008FY2015
Operating margin
5.1%
5.3% a year earlier
FY2008FY2015
Net income
$33 million
-4.8% on the year
FY2008FY2015
Diluted EPS
$1.42
-4.7% 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
983
976
933
+0.8%
Cost of revenue
764
760
726
+0.5%
Gross profit
219
215
207
+1.6%
Gross margin
22.3%
22.1%
22.2%
Research and development
23.7
22.1
18.1
+7.0%
Operating income
50.0
51.7
55.7
-3.3%
Operating margin
5.1%
5.3%
6.0%
Interest expense
1.6
0.7
0.4
+123.8%
Pre-tax income
52.0
53.6
58.2
-3.0%
Income tax
20.0
19.4
19.0
+3.1%
Effective tax rate
38.5%
36.2%
32.7%
Net income
32.8
34.5
39.0
-4.8%
Net margin
3.3%
3.5%
4.2%
Diluted EPS
$1.42
$1.49
$1.69
-4.7%
$ 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
30.9
18.9
5.9
+63.6%
Capital expenditure
21.2
24.9
27.7
-14.7%
Free cash flow
9.7
-6.0
-21.8
Free cash flow margin
1.0%
-0.6%
-2.3%
Cash from investing
-10.6
-42.8
-42.2
Cash from financing
-6.1
2.4
-6.6
Depreciation and amortisation
24.1
24.4
22.3
-1.2%
Share-based compensation
1.2
1.2
1.5
+4.2%
Dividends paid
9.2
9.2
6.9
+0.3%
Diluted shares, weighted
23m
23m
23m
+0.1%
Shares outstanding at period end
23m
23m
23m
+0.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
608
592
577
+2.7%
Non-controlling interest
1.8
4.2
3.6
-57.3%
Short-term borrowings
0.0
n/a
0.0
Debt
9.7
10.9
0.5
-11.2%
Other liabilities
158
195
168
-19.2%
Total liabilities and equity
777
802
749
-3.1%
Fixed assets
170
188
185
-9.3%
Goodwill
30.8
32.0
15.1
-3.6%
Intangible assets
13.6
17.3
6.5
-21.4%
Investments
13.1
13.3
29.3
-1.7%
Trading assets
13.1
13.3
29.3
-1.7%
Cash and equivalents
25.1
13.0
35.6
+92.4%
Receivables
98.9
106
92.1
-6.5%
Inventory
385
388
342
-0.8%
Other assets
27.9
32.2
14.7
-13.4%
Total assets
777
802
749
-3.1%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.