Chesapeake Utilities (CPK) FY2015 results: revenue $459 million, down 7.9% on the year
Chesapeake Utilities Corp. (CPK) reported revenue of $459 million for fiscal 2015, the year ended 31 December 2015, down 7.9% on the year before. Net income was $41 million, up 14.0%, and diluted earnings per share $2.72. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$459 million
-7.9% on the year
FY2009FY2015
Operating margin
16.9%
12.5% a year earlier
FY2009FY2015
Net income
$41 million
+14.0% on the year
FY2009FY2015
Diluted EPS
$2.72
+10.1% 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
459
499
444
-7.9%
Operating income
77.8
62.3
62.7
+24.9%
Operating margin
16.9%
12.5%
14.1%
Interest expense
10.0
9.5
8.2
+5.5%
Pre-tax income
68.0
60.0
54.9
+13.3%
Income tax
26.9
23.9
22.1
+12.4%
Effective tax rate
39.5%
39.9%
40.2%
Net income
41.1
36.1
32.8
+14.0%
Net margin
9.0%
7.2%
7.4%
Diluted EPS
$2.72
$2.47
$2.26
+10.1%
$ 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
105
73.7
72.9
+42.1%
Capital expenditure
144
91.6
97.1
+56.8%
Free cash flow
-38.9
-17.9
-24.2
Free cash flow margin
-8.5%
-3.6%
-5.4%
Cash from investing
-165
-81.0
-115
Cash from financing
58.1
8.5
41.8
+582.0%
Depreciation and amortisation
30.0
26.3
24.0
+13.9%
Share-based compensation
1.9
2.0
1.6
-1.1%
Dividends paid
15.9
13.9
13.1
+14.7%
Dividend per share
$1.13
$1.07
$1.01
+6.1%
Diluted shares, weighted
15m
15m
15m
+3.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
358
300
279
+19.3%
Debt
332
256
235
+29.6%
Other liabilities
379
348
324
+8.8%
Total liabilities and equity
1,069
904
838
+18.1%
Fixed assets
855
690
631
+23.9%
Goodwill
14.5
5.0
4.4
+193.8%
Intangible assets
2.2
2.4
3.0
-7.6%
Cash and equivalents
2.9
4.6
3.4
-37.6%
Receivables
41.0
53.3
75.3
-23.1%
Other assets
153
149
120
+2.4%
Total assets
1,069
904
838
+18.1%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.