Carnival (CCL) FY2015 results: revenue $15.7 billion, down 1.1% on the year
Carnival Corp. Ltd. (CCL) reported revenue of $15.7 billion for fiscal 2015, the year ended 30 November 2015, down 1.1% on the year before. Net income was $1.8 billion, up 44.5%, and diluted earnings per share $2.26. The figures are the company's own, from the 10-K it filed with the SEC on 30 January 2017.
Revenue
$15.7 billion
-1.1% on the year
FY2007FY2015
Operating margin
16.4%
11.2% a year earlier
FY2007FY2015
Net income
$1.8 billion
+44.5% on the year
FY2007FY2015
Diluted EPS
$2.26
+44.9% on the year
FY2007FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2009
On the year
Last 8 years
Revenue
15,714
15,884
13,157
-1.1%
Cost of revenue
9,447
10,403
8,407
-9.2%
Gross profit
6,267
5,481
4,750
+14.3%
Gross margin
39.9%
34.5%
36.1%
Selling, general and administrative
2,067
2,054
1,590
+0.6%
Operating income
2,574
1,772
2,154
+45.3%
Operating margin
16.4%
11.2%
16.4%
Interest expense
217
288
380
-24.7%
Pre-tax income
1,799
1,225
1,806
+46.9%
Income tax
42.0
9.0
16.0
+366.7%
Effective tax rate
2.3%
0.7%
0.9%
Net income
1,757
1,216
1,790
+44.5%
Net margin
11.2%
7.7%
13.6%
Diluted EPS
$2.26
$1.56
$2.24
+44.9%
$ 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
FY2009
On the year
Last 8 years
Operating cash flow
4,545
3,430
3,342
+32.5%
Capital expenditure
2,294
2,583
3,380
-11.2%
Free cash flow
2,251
847
-38.0
+165.8%
Free cash flow margin
14.3%
5.3%
-0.3%
Cash from investing
-2,478
-2,507
-3,384
Cash from financing
-942
-1,028
-93.0
Depreciation and amortisation
1,626
1,635
1,309
-0.6%
Share-based compensation
55.0
52.0
50.0
+5.8%
Buybacks
533
0.0
188
Dividends paid
816
776
314
+5.2%
Dividend per share
$1.10
$1.00
$0.00
+10.0%
Diluted shares, weighted
779m
778m
804m
+0.1%
Balance sheet
$ million
FY2015
FY2014
FY2009
On the year
Last 8 years
Shareholders' equity
23,771
24,204
22,035
-1.8%
Short-term borrowings
n/a
n/a
135
Debt
8,787
9,088
10,047
-3.3%
Other liabilities
6,679
6,156
4,618
+8.5%
Total liabilities and equity
39,237
39,448
36,835
-0.5%
Fixed assets
31,818
32,773
29,870
-2.9%
Goodwill
3,010
3,127
3,451
-3.7%
Intangible assets
1,308
1,270
1,346
+3.0%
Cash and equivalents
1,395
331
538
+321.5%
Receivables
303
332
362
-8.7%
Inventory
330
349
320
-5.4%
Other assets
1,073
1,266
948
-15.2%
Total assets
39,237
39,448
36,835
-0.5%
10-K for the year ended 30 November 2015, filed 30 January 2017: the filing.