Coty (COTY) FY2015 results: revenue $4.4 billion, down 3.4% on the year
Coty Inc. (COTY) reported revenue of $4.4 billion for fiscal 2015, the year ended 30 June 2015, down 3.4% on the year before. Net income was $232 million, and diluted earnings per share $0.64. The figures are the company's own, from the 10-K it filed with the SEC on 17 August 2015.
Revenue
$4.4 billion
-3.4% on the year
FY2012FY2015
Operating margin
9.0%
0.6% a year earlier
FY2012FY2015
Net income
$232 million
FY2012FY2015
Diluted EPS
$0.64
FY2012FY2015
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
4,395
4,552
4,649
-3.4%
Cost of revenue
1,757
1,866
1,860
-5.8%
Gross profit
2,638
2,686
2,789
-1.8%
Gross margin
60.0%
59.0%
60.0%
Research and development
47.4
n/a
n/a
Selling, general and administrative
2,066
2,220
2,284
-6.9%
Operating income
395
25.7
394
+1,437.4%
Operating margin
9.0%
0.6%
8.5%
Interest expense
71.4
69.8
77.2
+2.3%
Pre-tax income
233
-44.1
319
Income tax
-26.1
20.1
117
Effective tax rate
-11.2%
n/a
36.6%
Net income
232
-97.4
168
Net margin
5.3%
-2.1%
3.6%
Diluted EPS
$0.64
-$0.26
$0.42
$ 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
526
536
464
-1.9%
Capital expenditure
171
202
194
-15.2%
Free cash flow
355
335
270
+6.1%
Free cash flow margin
8.1%
7.4%
5.8%
Cash from investing
-171
-258
-230
Cash from financing
-1,138
-5.7
69.0
Depreciation and amortisation
231
251
260
-7.9%
Share-based compensation
30.6
46.8
144
-34.6%
Buybacks
263
100
7.5
+162.3%
Dividends paid
71.0
76.9
57.4
-7.7%
Dividend per share
$0.20
$0.20
$0.15
0.0%
Diluted shares, weighted
363m
382m
396m
-4.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
970
844
1,494
+14.9%
Non-controlling interest
14.9
10.6
15.7
+40.6%
Redeemable equity
86.3
106
106
-18.7%
Debt
2,635
3,294
2,630
-20.0%
Other liabilities
2,313
2,338
2,224
-1.1%
Total liabilities and equity
6,019
6,592
6,470
-8.7%
Fixed assets
500
540
501
-7.4%
Goodwill
1,531
1,343
1,543
+14.0%
Intangible assets
1,914
1,837
1,957
+4.2%
Cash and equivalents
341
1,238
920
-72.4%
Receivables
680
665
623
+2.2%
Inventory
558
617
608
-9.7%
Other assets
496
352
318
+40.8%
Total assets
6,019
6,592
6,470
-8.7%
10-K for the year ended 30 June 2015, filed 17 August 2015: the filing.