Carlyle Group (CG) FY2015 results: revenue $3.0 billion, down 22.5% on the year
Carlyle Group Inc. (CG) reported revenue of $3.0 billion for fiscal 2015, the year ended 31 December 2015, down 22.5% on the year before. Net income was -$18 million, and diluted earnings per share $-0.30. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$3.0 billion
-22.5% on the year
FY2010FY2015
Operating margin
-15.4%
2.7% a year earlier
FY2010FY2015
Net income
-$18 million
FY2010FY2015
Diluted EPS
-$0.30
FY2010FY2015
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
3,006
3,880
4,441
-22.5%
Cost of revenue
48.5
n/a
n/a
Gross profit
2,958
n/a
n/a
Gross margin
98.4%
n/a
n/a
Operating income
-462
105
747
Operating margin
-15.4%
2.7%
16.8%
Interest expense
58.0
55.7
45.5
+4.1%
Pre-tax income
402
992
1,444
-59.5%
Income tax
2.1
76.8
96.2
-97.3%
Effective tax rate
0.5%
7.7%
6.7%
Net income
-18.4
85.8
104
Net margin
-0.6%
2.2%
2.3%
Diluted EPS
-$0.30
$1.23
$2.05
$ 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
3,903
2,646
2,994
+47.5%
Capital expenditure
62.3
29.7
29.5
+109.8%
Free cash flow
3,840
2,616
2,965
+46.8%
Free cash flow margin
127.8%
67.4%
66.8%
Cash from investing
-21.5
37.0
-135
Cash from financing
-4,011
-2,293
-2,504
Depreciation and amortisation
n/a
192
164
Share-based compensation
378
344
322
+9.9%
Buybacks
0.0
0.0
n/a
Dividends paid
251
103
59.9
+144.4%
Dividend per share
$3.39
$1.88
$1.33
+80.3%
Diluted shares, weighted
299m
68m
278m
+336.4%
Shares outstanding at period end
80m
68m
49m
+18.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Debt
1,211
1,293
1,063
-6.3%
Total liabilities and equity
32,191
35,994
35,622
-10.6%
Fixed assets
111
75.4
68.8
+47.1%
Goodwill
38.3
47.5
40.3
-19.4%
Intangible assets
97.4
395
542
-75.3%
Cash and equivalents
992
1,242
967
-20.2%
Other assets
30,953
34,235
34,004
-9.6%
Total assets
32,191
35,994
35,622
-10.6%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.