D.R. Horton (DHI) FY2015 results: revenue $10.8 billion, up 34.9% on the year
D.R. Horton, Inc. (DHI) reported revenue of $10.8 billion for fiscal 2015, the year ended 30 September 2015, up 34.9% on the year before. Net income was $751 million, up 40.7%, and diluted earnings per share $2.03. The figures are the company's own, from the 10-K it filed with the SEC on 19 November 2015.
Revenue
$10.8 billion
+34.9% on the year
FY2009FY2015
Operating margin
n/a
FY2009FY2015
Net income
$751 million
+40.7% on the year
FY2009FY2015
Diluted EPS
$2.03
+35.3% 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
10,824
8,025
6,259
+34.9%
Interest expense
0.0
0.0
7.1
Pre-tax income
1,123
814
658
+38.0%
Income tax
373
281
195
+32.8%
Effective tax rate
33.2%
34.5%
29.7%
Net income
751
534
463
+40.7%
Net margin
6.9%
6.6%
7.4%
Diluted EPS
$2.03
$1.50
$1.33
+35.3%
$ 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
700
-661
-1,231
Capital expenditure
56.1
100
58.0
-44.0%
Free cash flow
644
-762
-1,289
Free cash flow margin
6.0%
-9.5%
-20.6%
Cash from investing
-95.4
-282
181
Cash from financing
117
628
939
-81.4%
Depreciation and amortisation
54.1
38.4
22.7
+40.9%
Share-based compensation
42.2
26.2
19.0
+61.1%
Buybacks
0.0
n/a
0.0
Dividends paid
91.6
48.6
60.2
+88.5%
Dividend per share
$0.25
$0.14
$0.19
+81.8%
Diluted shares, weighted
370m
367m
365m
+0.9%
Shares outstanding at period end
369m
365m
323m
+1.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
5,894
5,116
4,058
+15.2%
Non-controlling interest
1.1
3.9
2.9
-71.8%
Debt
3,812
3,666
3,509
+4.0%
Other liabilities
1,444
1,417
1,286
+1.9%
Total liabilities and equity
11,151
10,202
8,856
+9.3%
Fixed assets
147
194
110
-24.2%
Cash and equivalents
1,384
662
977
+109.1%
Other assets
9,620
9,347
7,770
+2.9%
Total assets
11,151
10,202
8,856
+9.3%
10-K for the year ended 30 September 2015, filed 19 November 2015: the filing.