Corpay (CPAY) FY2015 results: revenue $1.7 billion, up 42.0% on the year
Corpay, Inc. (CPAY) reported revenue of $1.7 billion for fiscal 2015, the year ended 31 December 2015, up 42.0% on the year before. Net income was $362 million, down 1.7%, and diluted earnings per share $3.85. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$1.7 billion
+42.0% on the year
FY2009FY2015
Operating margin
39.2%
47.1% a year earlier
FY2009FY2015
Net income
$362 million
-1.7% on the year
FY2009FY2015
Diluted EPS
$3.85
-9.2% 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
1,703
1,199
895
+42.0%
Cost of revenue
84.1
13.2
7.1
+537.1%
Gross profit
1,619
1,186
888
+36.5%
Gross margin
95.1%
98.9%
99.2%
Operating income
668
565
421
+18.1%
Operating margin
39.2%
47.1%
47.0%
Pre-tax income
536
513
404
+4.5%
Income tax
174
144
119
+20.3%
Effective tax rate
32.4%
28.1%
29.5%
Net income
362
369
285
-1.7%
Net margin
21.3%
30.7%
31.8%
Diluted EPS
$3.85
$4.24
$3.36
-9.2%
$ 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
755
608
376
+24.0%
Capital expenditure
41.9
27.1
20.8
+54.7%
Free cash flow
713
581
355
+22.6%
Free cash flow margin
41.9%
48.5%
39.6%
Cash from investing
-99.4
-2,594
-749
Cash from financing
-648
2,162
436
Depreciation and amortisation
193
112
72.7
+72.2%
Share-based compensation
90.1
37.6
26.7
+139.4%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
94m
87m
85m
+8.2%
Shares outstanding at period end
92m
92m
82m
+0.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,830
2,619
1,224
+8.1%
Deposits
n/a
492
183
Debt
2,935
3,594
1,486
-18.3%
Other liabilities
2,127
1,820
1,040
+16.8%
Total liabilities and equity
7,892
8,525
3,932
-7.4%
Fixed assets
80.8
73.6
54.0
+9.8%
Goodwill
3,546
3,713
1,536
-4.5%
Intangible assets
2,184
2,386
871
-8.5%
Cash and equivalents
447
477
338
-6.3%
Receivables
639
674
573
-5.2%
Other assets
995
1,201
560
-17.1%
Total assets
7,892
8,525
3,932
-7.4%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.