Cognex (CGNX) FY2015 results: revenue $451 million, up 5.7% on the year
Cognex Corp. (CGNX) reported revenue of $451 million for fiscal 2015, the year ended 31 December 2015, up 5.7% on the year before. Net income was $187 million, up 54.0%, and diluted earnings per share $1.06. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2016.
Revenue
$451 million
+5.7% on the year
FY2008FY2015
Operating margin
27.0%
30.0% a year earlier
FY2008FY2015
Net income
$187 million
+54.0% on the year
FY2008FY2015
Diluted EPS
$1.06
+56.6% 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
451
426
308
+5.7%
Cost of revenue
103
94.1
62.9
+9.0%
Gross profit
348
332
245
+4.7%
Gross margin
77.2%
77.9%
79.6%
Research and development
69.8
55.8
44.3
+25.0%
Selling, general and administrative
157
149
124
+5.4%
Operating income
122
128
76.9
-5.0%
Operating margin
27.0%
30.0%
25.0%
Pre-tax income
127
132
78.5
-3.6%
Income tax
19.3
20.9
11.3
-7.7%
Effective tax rate
15.2%
15.9%
14.4%
Net income
187
121
73.6
+54.0%
Net margin
41.5%
28.5%
23.9%
Diluted EPS
$1.06
$0.68
$0.41
+56.6%
$ 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
128
164
95.5
-21.7%
Capital expenditure
18.2
20.9
9.6
-12.9%
Free cash flow
110
143
85.8
-23.0%
Free cash flow margin
24.4%
33.5%
27.9%
Cash from investing
-10.5
-104
-88.1
Cash from financing
-117
-42.7
-12.5
Depreciation and amortisation
14.1
12.5
11.1
+13.2%
Share-based compensation
21.3
15.2
10.6
+40.3%
Buybacks
126
59.7
47.9
+111.7%
Dividends paid
18.1
0.0
0.0
Dividend per share
$0.10
$0.00
$0.00
Diluted shares, weighted
176m
178m
178m
-1.2%
Shares outstanding at period end
170m
173m
174m
-1.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
832
736
644
+13.0%
Other liabilities
55.4
85.3
65.8
-35.0%
Total liabilities and equity
888
822
710
+8.0%
Fixed assets
53.3
46.0
37.1
+15.9%
Goodwill
81.4
77.4
81.7
+5.2%
Intangible assets
6.3
9.7
14.7
-34.7%
Investments
570
491
414
+15.9%
Trading assets
n/a
n/a
1.4
Cash and equivalents
52.0
55.7
40.6
-6.7%
Receivables
42.8
40.1
53.0
+7.0%
Inventory
37.3
29.2
25.7
+27.8%
Other assets
45.0
72.4
40.9
-37.9%
Total assets
888
822
710
+8.0%
10-K for the year ended 31 December 2015, filed 10 February 2016: the filing.