Dauch (DCH) FY2015 results: revenue $3.9 billion, up 5.6% on the year
Dauch Corp. (DCH) reported revenue of $3.9 billion for fiscal 2015, the year ended 31 December 2015, up 5.6% on the year before. Net income was $236 million, up 64.8%, and diluted earnings per share $3.02. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2016.
Revenue
$3.9 billion
+5.6% on the year
FY2010FY2015
Operating margin
9.2%
7.2% a year earlier
FY2010FY2015
Net income
$236 million
+64.8% on the year
FY2010FY2015
Diluted EPS
$3.02
+63.2% on the year
FY2010FY2015
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
3,903
3,696
3,207
+5.6%
Cost of revenue
3,268
3,173
2,729
+3.0%
Gross profit
635
523
479
+21.5%
Gross margin
16.3%
14.1%
14.9%
Research and development
114
104
103
+9.6%
Selling, general and administrative
274
255
238
+7.4%
Operating income
358
268
240
+33.8%
Operating margin
9.2%
7.2%
7.5%
Interest expense
99.2
99.9
116
-0.7%
Pre-tax income
273
177
86.3
+54.3%
Income tax
37.1
33.7
-8.2
+10.1%
Effective tax rate
13.6%
19.1%
-9.5%
Net income
236
143
94.5
+64.8%
Net margin
6.0%
3.9%
2.9%
Diluted EPS
$3.02
$1.85
$1.23
+63.2%
$ 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
378
318
223
+18.6%
Capital expenditure
194
206
252
-6.3%
Free cash flow
184
112
-28.9
+64.5%
Free cash flow margin
4.7%
3.0%
-0.9%
Cash from investing
-188
-195
-219
Cash from financing
-144
-21.4
88.8
Depreciation and amortisation
198
200
177
-0.8%
Share-based compensation
15.9
9.7
10.8
+63.9%
Buybacks
3.1
0.3
0.4
+933.3%
Diluted shares, weighted
76m
76m
77m
+0.5%
Shares outstanding at period end
76m
76m
76m
+0.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
302
113
40.5
+165.9%
Non-controlling interest
n/a
0.0
0.0
Debt
1,394
1,536
1,559
-9.3%
Other liabilities
1,508
1,591
1,429
-5.2%
Total liabilities and equity
3,203
3,240
3,029
-1.2%
Fixed assets
1,046
1,061
1,058
-1.4%
Goodwill
154
155
156
-0.4%
Cash and equivalents
282
249
154
+13.4%
Receivables
539
533
458
+1.2%
Inventory
230
249
262
-7.4%
Other assets
950
994
940
-4.4%
Total assets
3,203
3,240
3,029
-1.2%
10-K for the year ended 31 December 2015, filed 12 February 2016: the filing.