Cabot (CBT) FY2015 results: revenue $2.9 billion, down 21.3% on the year
Cabot Corp. (CBT) reported revenue of $2.9 billion for fiscal 2015, the year ended 30 September 2015, down 21.3% on the year before. Net income was -$334 million, and diluted earnings per share $-5.27. The figures are the company's own, from the 10-K it filed with the SEC on 25 November 2015.
Revenue
$2.9 billion
-21.3% on the year
FY2008FY2015
Operating margin
-11.0%
9.2% a year earlier
FY2008FY2015
Net income
-$334 million
FY2008FY2015
Diluted EPS
-$5.27
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
2,871
3,647
3,456
-21.3%
Cost of revenue
2,286
2,926
2,827
-21.9%
Gross profit
585
721
633
-18.9%
Gross margin
20.4%
19.8%
18.3%
Research and development
58.0
60.0
68.0
-3.3%
Selling, general and administrative
282
326
297
-13.5%
Operating income
-317
335
268
Operating margin
-11.0%
9.2%
7.8%
Interest expense
53.0
55.0
62.0
-3.6%
Pre-tax income
-377
308
210
Income tax
-45.0
92.0
60.0
Effective tax rate
n/a
29.9%
28.6%
Net income
-334
199
153
Net margin
-11.6%
5.5%
4.4%
Diluted EPS
-$5.27
$3.03
$2.36
$ 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
499
315
419
+58.4%
Capital expenditure
141
171
264
-17.5%
Free cash flow
358
144
155
+148.6%
Free cash flow margin
12.5%
3.9%
4.5%
Cash from investing
-162
-16.0
-227
Cash from financing
-256
-302
-206
Depreciation and amortisation
183
201
190
-9.0%
Share-based compensation
12.0
14.0
16.0
-14.3%
Buybacks
101
18.0
6.0
+461.1%
Dividends paid
56.0
54.0
51.0
+3.7%
Dividend per share
$0.88
$0.84
$0.80
+4.8%
Diluted shares, weighted
63m
65m
64m
-2.6%
Shares outstanding at period end
62m
64m
64m
-3.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,234
1,942
1,951
-36.5%
Non-controlling interest
104
122
132
-14.8%
Redeemable equity
27.0
27.0
n/a
0.0%
Debt
993
1,072
1,298
-7.4%
Other liabilities
705
921
852
-23.5%
Total liabilities and equity
3,063
4,084
4,233
-25.0%
Fixed assets
1,383
1,581
1,600
-12.5%
Goodwill
154
536
502
-71.3%
Intangible assets
153
347
308
-55.9%
Cash and equivalents
77.0
67.0
95.0
+14.9%
Inventory
397
498
455
-20.3%
Other assets
899
1,055
1,273
-14.8%
Total assets
3,063
4,084
4,233
-25.0%
10-K for the year ended 30 September 2015, filed 25 November 2015: the filing.