DXP Enterprises (DXPE) FY2015 results: revenue $1.2 billion, down 16.8% on the year
DXP Enterprises Inc. (DXPE) reported revenue of $1.2 billion for fiscal 2015, the year ended 31 December 2015, down 16.8% on the year before. Net income was -$39 million, and diluted earnings per share $-2.68. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$1.2 billion
-16.8% on the year
FY2009FY2015
Operating margin
-2.2%
-0.8% a year earlier
FY2009FY2015
Net income
-$39 million
FY2009FY2015
Diluted EPS
-$2.68
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
1,247
1,500
1,242
-16.8%
Cost of revenue
895
1,067
869
-16.1%
Gross profit
352
433
372
-18.7%
Gross margin
28.2%
28.9%
30.0%
Selling, general and administrative
304
328
271
-7.3%
Operating income
-27.9
-12.6
101
Operating margin
-2.2%
-0.8%
8.1%
Interest expense
10.9
12.8
6.3
-14.6%
Pre-tax income
-38.9
-25.6
94.7
Income tax
0.1
19.7
34.5
-99.2%
Effective tax rate
n/a
n/a
36.4%
Net income
-38.5
-45.2
60.2
Net margin
-3.1%
-3.0%
4.9%
Diluted EPS
-$2.68
-$3.10
$3.94
$ 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
98.8
100
82.2
-1.7%
Capital expenditure
14.0
11.1
7.7
+26.0%
Free cash flow
84.8
89.4
74.5
-5.1%
Free cash flow margin
6.8%
6.0%
6.0%
Cash from investing
-29.5
n/a
-69.0
Cash from financing
-67.9
n/a
-18.6
Depreciation and amortisation
33.2
35.1
21.7
-5.2%
Share-based compensation
3.0
3.6
2.8
-16.5%
Dividends paid
0.1
0.1
0.1
0.0%
Diluted shares, weighted
14m
15m
15m
-1.5%
Shares outstanding at period end
15m
n/a
n/a
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
197
243
296
-18.9%
Non-controlling interest
1.8
0.0
n/a
Short-term borrowings
50.8
n/a
n/a
Debt
350
409
195
-14.5%
Other liabilities
84.8
190
146
-55.4%
Total liabilities and equity
684
842
637
-18.7%
Fixed assets
68.5
70.0
58.3
-2.1%
Goodwill
197
253
188
-22.1%
Intangible assets
112
130
69.7
-13.8%
Cash and equivalents
1.7
0.0
5.5
+3,502.1%
Receivables
163
239
187
-31.9%
Inventory
104
116
105
-10.2%
Other assets
37.4
33.1
22.9
+13.0%
Total assets
684
842
637
-18.7%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.