Ball (BALL) FY2015 results: revenue $8.0 billion, down 6.7% on the year
Ball Corp. (BALL) reported revenue of $8.0 billion for fiscal 2015, the year ended 31 December 2015, down 6.7% on the year before. Net income was $281 million, down 40.2%, and diluted earnings per share $0.99. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2016.
Revenue
$8.0 billion
-6.7% on the year
FY2008FY2015
Operating margin
7.6%
9.8% a year earlier
FY2008FY2015
Net income
$281 million
-40.2% on the year
FY2008FY2015
Diluted EPS
$0.99
-39.7% 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
7,997
8,570
8,468
-6.7%
Gross profit
1,295
1,434
1,339
-9.7%
Gross margin
16.2%
16.7%
15.8%
Research and development
26.0
27.0
31.2
-3.7%
Selling, general and administrative
450
466
419
-3.5%
Operating income
605
839
795
-27.8%
Operating margin
7.6%
9.8%
9.4%
Interest expense
260
193
212
+34.6%
Pre-tax income
346
646
584
-46.5%
Income tax
47.0
150
150
-68.6%
Effective tax rate
13.6%
23.2%
25.6%
Net income
281
470
407
-40.2%
Net margin
3.5%
5.5%
4.8%
Diluted EPS
$0.99
$1.65
$1.36
-39.7%
$ 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
1,007
1,012
839
-0.6%
Capital expenditure
528
391
378
+35.1%
Free cash flow
479
622
461
-23.0%
Free cash flow margin
6.0%
7.3%
5.4%
Cash from investing
-2,721
-391
-379
Cash from financing
1,737
-845
-204
Depreciation and amortisation
286
281
300
+1.6%
Share-based compensation
25.0
25.1
24.5
-0.4%
Buybacks
136
397
432
-65.8%
Dividends paid
72.0
73.0
75.2
-1.4%
Dividend per share
$0.26
$0.26
$0.26
0.0%
Diluted shares, weighted
282m
285m
298m
-1.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,251
1,033
1,225
+21.1%
Non-controlling interest
10.0
206
191
-95.2%
Debt
5,028
3,049
3,605
+64.9%
Other liabilities
3,408
3,283
2,799
+3.8%
Total liabilities and equity
9,697
7,571
7,820
+28.1%
Fixed assets
2,686
2,431
2,372
+10.5%
Goodwill
2,176
2,254
2,404
-3.5%
Intangible assets
195
137
166
+42.2%
Cash and equivalents
224
191
416
+17.3%
Receivables
754
793
799
-4.9%
Inventory
898
1,017
1,028
-11.6%
Other assets
2,763
748
634
+269.4%
Total assets
9,697
7,571
7,820
+28.1%
10-K for the year ended 31 December 2015, filed 16 February 2016: the filing.