Broadridge Financial Solutions (BR) FY2015 results: revenue $2.7 billion, up 5.3% on the year
Broadridge Financial Solutions, Inc. (BR) reported revenue of $2.7 billion for fiscal 2015, the year ended 30 June 2015, up 5.3% on the year before. Net income was $287 million, up 9.2%, and diluted earnings per share $2.32. The figures are the company's own, from the 10-K it filed with the SEC on 7 August 2015.
Revenue
$2.7 billion
+5.3% on the year
FY2009FY2015
Operating margin
16.3%
15.5% a year earlier
FY2009FY2015
Net income
$287 million
+9.2% on the year
FY2009FY2015
Diluted EPS
$2.32
+9.4% on the year
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
2,694
2,558
2,431
+5.3%
Cost of revenue
1,828
1,761
1,768
+3.8%
Gross profit
866
797
663
+8.7%
Gross margin
32.1%
31.1%
27.3%
Selling, general and administrative
399
378
324
+5.5%
Operating income
439
396
323
+11.0%
Operating margin
16.3%
15.5%
13.3%
Interest expense
25.4
n/a
n/a
Pre-tax income
439
396
323
+11.0%
Income tax
152
132
111
+14.6%
Effective tax rate
34.6%
33.5%
34.4%
Net income
287
263
212
+9.2%
Net margin
10.7%
10.3%
8.7%
Diluted EPS
$2.32
$2.12
$1.69
+9.4%
$ 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
431
388
271
+11.3%
Capital expenditure
50.3
40.3
38.2
+24.8%
Free cash flow
381
347
233
+9.7%
Free cash flow margin
14.1%
13.6%
9.6%
Depreciation and amortisation
49.3
46.8
47.6
+5.3%
Share-based compensation
38.6
34.6
27.1
+11.6%
Buybacks
302
130
238
+132.6%
Dividends paid
122
96.7
85.8
+26.5%
Dividend per share
$1.08
$0.84
$0.72
+28.6%
Diluted shares, weighted
124m
124m
125m
-0.1%
Shares outstanding at period end
118m
120m
119m
-1.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
928
962
816
-3.5%
Debt
689
524
524
+31.5%
Other liabilities
751
706
678
+6.3%
Total liabilities and equity
2,368
2,192
2,018
+8.0%
Fixed assets
97.3
88.3
80.9
+10.2%
Goodwill
970
856
778
+13.4%
Intangible assets
196
130
121
+50.5%
Investments
33.4
25.3
20.9
+32.0%
Cash and equivalents
324
348
266
-6.8%
Inventory
6.5
6.7
8.4
-3.0%
Other assets
741
738
743
+0.3%
Total assets
2,368
2,192
2,018
+8.0%
10-K for the year ended 30 June 2015, filed 7 August 2015: the filing.