Dollar General (DG) FY2015 results: revenue $20.4 billion, up 7.7% on the year
Dollar General Corp. (DG) reported revenue of $20.4 billion for fiscal 2015, the year ended 29 January 2016, up 7.7% on the year before. Net income was $1.2 billion, up 9.4%, and diluted earnings per share $3.95. The figures are the company's own, from the 10-K it filed with the SEC on 22 March 2016.
Revenue
$20.4 billion
+7.7% on the year
FY2009FY2015
Operating margin
9.5%
9.4% a year earlier
FY2009FY2015
Net income
$1.2 billion
+9.4% on the year
FY2009FY2015
Diluted EPS
$3.95
+13.2% 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
20,369
18,910
17,504
+7.7%
Cost of revenue
14,062
13,107
12,068
+7.3%
Gross profit
6,306
5,803
5,436
+8.7%
Gross margin
31.0%
30.7%
31.1%
Selling, general and administrative
4,366
4,033
3,700
+8.2%
Operating income
1,940
1,769
1,736
+9.7%
Operating margin
9.5%
9.4%
9.9%
Interest expense
86.9
88.2
89.0
-1.5%
Pre-tax income
1,853
1,681
1,628
+10.2%
Income tax
688
616
603
+11.8%
Effective tax rate
37.1%
36.6%
37.0%
Net income
1,165
1,065
1,025
+9.4%
Net margin
5.7%
5.6%
5.9%
Diluted EPS
$3.95
$3.49
$3.17
+13.2%
$ 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
1,392
1,327
1,213
+4.9%
Capital expenditure
505
374
538
+35.0%
Free cash flow
887
953
675
-6.9%
Free cash flow margin
4.4%
5.0%
3.9%
Cash from investing
-503
n/a
n/a
Cash from financing
-1,310
n/a
n/a
Depreciation and amortisation
352
342
333
+2.9%
Share-based compensation
38.5
37.3
21.0
+3.2%
Buybacks
1,300
800
620
+62.4%
Dividends paid
258
n/a
n/a
Dividend per share
$0.88
n/a
n/a
Diluted shares, weighted
295m
306m
324m
-3.4%
Shares outstanding at period end
287m
303m
317m
-5.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
5,378
5,710
5,402
-5.8%
Debt
2,969
2,725
2,819
+9.0%
Other liabilities
2,911
2,789
2,647
+4.4%
Total liabilities and equity
11,258
11,224
10,868
+0.3%
Fixed assets
2,264
2,116
2,080
+7.0%
Goodwill
4,339
4,339
4,339
0.0%
Intangible assets
1,201
1,202
1,208
-0.1%
Cash and equivalents
158
580
506
-72.8%
Inventory
3,074
2,783
2,553
+10.5%
Other assets
222
205
182
+8.2%
Total assets
11,258
11,224
10,868
+0.3%
10-K for the year ended 29 January 2016, filed 22 March 2016: the filing.