Colgate-Palmolive (CL) FY2015 results: revenue $16.0 billion, down 7.2% on the year
Colgate-Palmolive Co. (CL) reported revenue of $16.0 billion for fiscal 2015, the year ended 31 December 2015, down 7.2% on the year before. Net income was $1.4 billion, down 36.5%, and diluted earnings per share $1.52. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2016.
Revenue
$16.0 billion
-7.2% on the year
FY2008FY2015
Operating margin
17.4%
20.6% a year earlier
FY2008FY2015
Net income
$1.4 billion
-36.5% on the year
FY2008FY2015
Diluted EPS
$1.52
-35.6% 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
16,034
17,277
17,420
-7.2%
Cost of revenue
6,635
7,168
7,219
-7.4%
Gross profit
9,399
10,109
10,201
-7.0%
Gross margin
58.6%
58.5%
58.6%
Research and development
274
277
267
-1.1%
Selling, general and administrative
5,464
5,982
6,223
-8.7%
Operating income
2,789
3,557
3,556
-21.6%
Operating margin
17.4%
20.6%
20.4%
Interest expense
139
134
119
+3.7%
Pre-tax income
2,763
3,533
3,565
-21.8%
Income tax
1,215
1,194
1,155
+1.8%
Effective tax rate
44.0%
33.8%
32.4%
Net income
1,384
2,180
2,241
-36.5%
Net margin
8.6%
12.6%
12.9%
Diluted EPS
$1.52
$2.36
$2.38
-35.6%
$ 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
2,949
3,298
3,204
-10.6%
Capital expenditure
691
757
670
-8.7%
Free cash flow
2,258
2,541
2,534
-11.1%
Free cash flow margin
14.1%
14.7%
14.5%
Cash from investing
-685
-859
-890
Cash from financing
-2,276
-2,170
-2,142
Depreciation and amortisation
449
442
439
+1.6%
Share-based compensation
125
131
128
-4.6%
Buybacks
1,551
1,530
1,521
+1.4%
Dividends paid
1,493
1,446
1,382
+3.3%
Diluted shares, weighted
910m
924m
940m
-1.6%
Shares outstanding at period end
893m
907m
920m
-1.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-299
1,145
2,305
Non-controlling interest
255
240
231
+6.2%
Debt
6,544
6,132
5,644
+6.7%
Other liabilities
5,458
5,942
5,805
-8.1%
Total liabilities and equity
11,958
13,459
13,985
-11.2%
Fixed assets
3,796
4,080
4,083
-7.0%
Goodwill
2,103
2,307
2,474
-8.8%
Intangible assets
1,346
1,413
1,496
-4.7%
Cash and equivalents
970
1,089
962
-10.9%
Receivables
1,427
1,552
1,636
-8.1%
Inventory
1,180
1,382
1,425
-14.6%
Other assets
1,136
1,636
1,909
-30.6%
Total assets
11,958
13,459
13,985
-11.2%
10-K for the year ended 31 December 2015, filed 18 February 2016: the filing.