BGC Group (BGC) FY2015 results: revenue $2.8 billion, up 55.7% on the year
BGC Group, Inc. (BGC) reported revenue of $2.8 billion for fiscal 2015, the year ended 31 December 2015, up 55.7% on the year before. Net income was $160 million, and diluted earnings per share $0.50. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$2.8 billion
+55.7% on the year
FY2009FY2015
Operating margin
-2.9%
-3.2% a year earlier
FY2009FY2015
Net income
$160 million
FY2009FY2015
Diluted EPS
$0.50
FY2009FY2015
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
2,784
1,787
1,745
+55.7%
Operating income
-80.9
-57.3
-487
Operating margin
-2.9%
-3.2%
-27.9%
Interest expense
79.0
37.9
38.3
+108.3%
Pre-tax income
439
-13.8
266
Income tax
120
0.7
92.2
+18,409.4%
Effective tax rate
27.5%
n/a
34.7%
Net income
160
-3.0
70.9
Net margin
5.7%
-0.2%
4.1%
Diluted EPS
$0.50
-$0.01
$0.36
$ 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
n/a
n/a
166
Capital expenditure
39.0
14.1
23.0
+177.2%
Free cash flow
n/a
n/a
143
Free cash flow margin
n/a
n/a
8.2%
Cash from investing
n/a
n/a
527
Cash from financing
n/a
n/a
-363
Depreciation and amortisation
84.1
46.1
47.2
+82.3%
Buybacks
12.1
100
15.5
-87.9%
Dividends paid
131
105
91.4
+24.9%
Dividend per share
$0.54
$0.48
$0.48
+12.5%
Diluted shares, weighted
335m
221m
265m
+52.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
634
402
464
+58.0%
Non-controlling interest
598
180
238
+231.2%
Redeemable equity
57.1
59.5
66.9
-4.0%
Debt
841
707
408
+19.0%
Other liabilities
1,853
1,403
901
+32.1%
Total liabilities and equity
3,983
2,751
2,079
+44.8%
Fixed assets
148
112
128
+31.7%
Goodwill
812
393
163
+106.8%
Intangible assets
234
28.0
18.2
+736.2%
Securities borrowed
0.0
62.7
n/a
Trading assets
645
n/a
n/a
Cash and equivalents
563
711
717
-20.8%
Other assets
1,581
1,445
1,053
+9.4%
Total assets
3,983
2,751
2,079
+44.8%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.