Coherent (COHR) FY2015 results: revenue $742 million, up 8.6% on the year
Coherent Corp. (COHR) reported revenue of $742 million for fiscal 2015, the year ended 30 June 2015, up 8.6% on the year before. Net income was $66 million, up 71.6%, and diluted earnings per share $1.05. The figures are the company's own, from the 10-K it filed with the SEC on 28 August 2015.
Revenue
$742 million
+8.6% on the year
FY2009FY2015
Operating margin
10.4%
6.8% a year earlier
FY2009FY2015
Net income
$66 million
+71.6% on the year
FY2009FY2015
Diluted EPS
$1.05
+75.0% on the year
FY2009FY2015
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
742
683
551
+8.6%
Cost of revenue
470
457
348
+3.0%
Gross profit
272
227
204
+19.8%
Gross margin
36.6%
33.2%
36.9%
Research and development
51.3
42.5
22.7
+20.5%
Selling, general and administrative
144
138
109
+4.2%
Operating income
76.8
46.5
71.5
+65.2%
Operating margin
10.4%
6.8%
13.0%
Interest expense
3.9
4.5
1.2
-13.8%
Pre-tax income
79.1
45.6
77.5
+73.3%
Income tax
13.1
7.3
18.8
+79.3%
Effective tax rate
16.6%
16.0%
24.2%
Net income
66.0
38.4
50.8
+71.6%
Net margin
8.9%
5.6%
9.2%
Diluted EPS
$1.05
$0.60
$0.80
+75.0%
$ 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
129
95.5
108
+35.5%
Capital expenditure
52.3
29.2
25.2
+79.0%
Free cash flow
77.1
66.2
82.4
+16.3%
Free cash flow margin
10.4%
9.7%
15.0%
Cash from investing
-52.2
-207
-145
Cash from financing
-76.1
99.1
85.8
Depreciation and amortisation
53.1
53.1
40.8
-0.0%
Share-based compensation
11.3
12.3
12.0
-8.2%
Buybacks
12.7
20.0
20.0
-36.3%
Diluted shares, weighted
63m
64m
64m
-1.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
729
675
636
+8.0%
Debt
176
242
114
-27.3%
Other liabilities
153
155
114
-1.2%
Total liabilities and equity
1,058
1,072
864
-1.3%
Fixed assets
204
209
171
-2.5%
Goodwill
196
196
123
-0.1%
Intangible assets
122
136
86.7
-10.2%
Cash and equivalents
174
175
185
-0.6%
Receivables
141
137
107
+3.0%
Inventory
164
166
142
-0.9%
Other assets
57.2
53.2
48.6
+7.6%
Total assets
1,058
1,072
864
-1.3%
10-K for the year ended 30 June 2015, filed 28 August 2015: the filing.