Crane Nxt (CXT) FY2015 results: revenue $2.7 billion, down 6.3% on the year
Crane Nxt, Co. (CXT) reported revenue of $2.7 billion for fiscal 2015, the year ended 31 December 2015, down 6.3% on the year before. Net income was $229 million, up 18.8%, and diluted earnings per share $3.89. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2016.
Revenue
$2.7 billion
-6.3% on the year
FY2008FY2015
Operating margin
13.6%
10.8% a year earlier
FY2008FY2015
Net income
$229 million
+18.8% on the year
FY2008FY2015
Diluted EPS
$3.89
+20.4% 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
2,740
2,925
2,595
-6.3%
Cost of revenue
1,786
1,909
1,712
-6.4%
Gross profit
954
1,016
884
-6.1%
Gross margin
34.8%
34.7%
34.0%
Research and development
62.8
68.0
52.7
-7.6%
Selling, general and administrative
566
605
536
-6.4%
Operating income
373
316
348
+17.9%
Operating margin
13.6%
10.8%
13.4%
Interest expense
37.6
39.2
26.5
-4.1%
Pre-tax income
336
281
326
+19.7%
Income tax
106
87.6
105
+21.6%
Effective tax rate
31.6%
31.2%
32.2%
Net income
229
193
220
+18.8%
Net margin
8.4%
6.6%
8.5%
Diluted EPS
$3.89
$3.23
$3.73
+20.4%
$ 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
229
264
239
-13.1%
Capital expenditure
39.6
43.7
29.5
-9.4%
Free cash flow
190
220
210
-13.9%
Free cash flow margin
6.9%
7.5%
8.1%
Cash from investing
-35.2
-25.8
-824
Cash from financing
-144
-133
433
Depreciation and amortisation
67.0
75.8
54.8
-11.6%
Share-based compensation
21.3
20.9
22.8
+1.9%
Buybacks
25.0
50.0
0.0
-50.0%
Dividends paid
76.6
73.9
67.3
+3.7%
Diluted shares, weighted
59m
60m
59m
-1.3%
Shares outstanding at period end
58m
58m
58m
-0.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,139
1,060
1,204
+7.5%
Non-controlling interest
11.4
10.8
10.4
+5.6%
Debt
799
850
875
-6.0%
Other liabilities
1,392
1,530
1,470
-9.0%
Total liabilities and equity
3,342
3,451
3,560
-3.2%
Fixed assets
276
290
305
-4.9%
Goodwill
1,168
1,191
1,249
-2.0%
Intangible assets
317
353
409
-10.3%
Cash and equivalents
364
364
271
0.0%
Receivables
398
411
438
-3.2%
Inventory
377
370
369
+1.9%
Other assets
443
472
519
-6.2%
Total assets
3,342
3,451
3,560
-3.2%
10-K for the year ended 31 December 2015, filed 23 February 2016: the filing.