Boise Cascade (BCC) FY2015 results: revenue $3.6 billion, up 1.7% on the year
Boise Cascade Co. (BCC) reported revenue of $3.6 billion for fiscal 2015, the year ended 31 December 2015, up 1.7% on the year before. Net income was $52 million, down 34.8%, and diluted earnings per share $1.33. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$3.6 billion
+1.7% on the year
FY2011FY2015
Operating margin
2.8%
4.1% a year earlier
FY2011FY2015
Net income
$52 million
-34.8% on the year
FY2011FY2015
Diluted EPS
$1.33
-34.5% on the year
FY2011FY2015
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
3,633
3,574
3,273
+1.7%
Cost of revenue
n/a
n/a
2,847
Gross profit
n/a
n/a
427
Gross margin
n/a
n/a
13.0%
Operating income
103
146
98.8
-29.1%
Operating margin
2.8%
4.1%
3.0%
Interest expense
22.5
22.0
20.4
+2.2%
Pre-tax income
80.7
123
78.1
-34.6%
Income tax
28.5
43.3
-38.8
-34.2%
Effective tax rate
35.3%
35.1%
-49.6%
Net income
52.2
80.0
117
-34.8%
Net margin
1.4%
2.2%
3.6%
Diluted EPS
$1.33
$2.03
$2.91
-34.5%
$ 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
80.3
102
33.4
-21.1%
Capital expenditure
87.5
61.2
45.8
+43.0%
Free cash flow
-7.2
40.6
-12.3
Free cash flow margin
-0.2%
1.1%
-0.4%
Cash from investing
-84.4
n/a
-147
Cash from financing
25.0
n/a
186
Depreciation and amortisation
55.6
51.4
38.0
+8.0%
Share-based compensation
5.8
5.9
2.9
-1.5%
Buybacks
23.7
0.0
100
Dividends paid
0.0
n/a
n/a
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
39m
39m
40m
-0.3%
Shares outstanding at period end
39m
39m
39m
-1.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
535
492
452
+8.6%
Redeemable equity
n/a
n/a
0.0
Debt
345
294
302
+17.1%
Other liabilities
369
427
342
-13.4%
Total liabilities and equity
1,249
1,213
1,096
+2.9%
Fixed assets
403
368
361
+9.4%
Goodwill
21.8
21.8
21.8
0.0%
Intangible assets
10.1
10.2
10.3
-0.9%
Cash and equivalents
184
164
118
+12.8%
Receivables
187
172
152
+8.6%
Inventory
385
394
383
-2.4%
Other assets
57.5
82.8
49.0
-30.5%
Total assets
1,249
1,213
1,096
+2.9%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.