Celanese (CE) FY2015 results: revenue $5.7 billion, down 16.6% on the year
Celanese Corp. (CE) reported revenue of $5.7 billion for fiscal 2015, the year ended 31 December 2015, down 16.6% on the year before. Net income was $304 million, down 51.3%, and diluted earnings per share $2.00. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2016.
Revenue
$5.7 billion
-16.6% on the year
FY2008FY2015
Operating margin
5.7%
11.1% a year earlier
FY2008FY2015
Net income
$304 million
-51.3% on the year
FY2008FY2015
Diluted EPS
$2.00
-50.0% on the year
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
5,674
6,802
6,510
-16.6%
Cost of revenue
4,356
5,186
5,145
-16.0%
Gross profit
1,318
1,616
1,365
-18.4%
Gross margin
23.2%
23.8%
21.0%
Research and development
119
86.0
85.0
+38.4%
Selling, general and administrative
506
758
311
-33.2%
Operating income
326
758
1,508
-57.0%
Operating margin
5.7%
11.1%
23.2%
Interest expense
119
147
172
-19.0%
Pre-tax income
488
941
1,609
-48.1%
Income tax
201
314
508
-36.0%
Effective tax rate
41.2%
33.4%
31.6%
Net income
304
624
1,101
-51.3%
Net margin
5.4%
9.2%
16.9%
Diluted EPS
$2.00
$4.00
$6.91
-50.0%
$ 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
862
962
762
-10.4%
Capital expenditure
232
254
277
-8.7%
Free cash flow
630
708
485
-11.0%
Free cash flow margin
11.1%
10.4%
7.5%
Cash from investing
-558
-705
-422
Cash from financing
-66.0
-415
-326
Depreciation and amortisation
357
292
305
+22.3%
Share-based compensation
40.0
46.0
24.0
-13.0%
Buybacks
420
250
164
+68.0%
Dividends paid
174
144
83.0
+20.8%
Diluted shares, weighted
152m
156m
159m
-2.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,378
2,818
2,699
-15.6%
Non-controlling interest
451
260
0.0
+73.5%
Debt
2,999
2,745
3,064
+9.3%
Other liabilities
2,758
2,973
3,255
-7.2%
Total liabilities and equity
8,586
8,796
9,018
-2.4%
Fixed assets
3,609
3,733
3,425
-3.3%
Goodwill
705
749
798
-5.9%
Intangible assets
125
132
142
-5.3%
Investments
30.0
32.0
41.0
-6.2%
Cash and equivalents
967
780
984
+24.0%
Receivables
706
801
867
-11.9%
Inventory
682
782
804
-12.8%
Other assets
1,762
1,787
1,957
-1.4%
Total assets
8,586
8,796
9,018
-2.4%
10-K for the year ended 31 December 2015, filed 5 February 2016: the filing.