Enovis (ENOV) FY2015 results: revenue $3.4 billion, down 25.7% on the year
Enovis Corp. (ENOV) reported revenue of $3.4 billion for fiscal 2015, the year ended 31 December 2015, down 25.7% on the year before. Net income was $168 million, down 57.2%, and diluted earnings per share $4.02. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2016.
Revenue
$3.4 billion
-25.7% on the year
FY2009FY2015
Operating margin
7.7%
8.9% a year earlier
FY2009FY2015
Net income
$168 million
-57.2% on the year
FY2009FY2015
Diluted EPS
$4.02
-55.6% 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
3,434
4,624
4,207
-25.7%
Cost of revenue
2,363
3,146
2,901
-24.9%
Gross profit
1,072
1,479
1,306
-27.5%
Gross margin
31.2%
32.0%
31.0%
Selling, general and administrative
748
1,011
864
-26.0%
Operating income
266
410
406
-35.1%
Operating margin
7.7%
8.9%
9.7%
Interest expense
47.5
51.3
104
-7.4%
Pre-tax income
218
358
303
-39.1%
Income tax
41.2
-62.0
93.7
Effective tax rate
18.9%
-17.3%
30.9%
Net income
168
392
179
-57.2%
Net margin
4.9%
8.5%
4.2%
Diluted EPS
$4.02
$9.06
$4.62
-55.6%
$ 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
304
386
362
-21.2%
Capital expenditure
69.9
84.5
71.5
-17.3%
Free cash flow
234
301
291
-22.4%
Free cash flow margin
6.8%
6.5%
6.9%
Cash from investing
-247
-1,030
-475
Cash from financing
-131
650
-45.1
Depreciation and amortisation
137
175
119
-21.6%
Share-based compensation
16.3
17.6
13.3
-7.2%
Buybacks
27.4
0.0
0.0
Diluted shares, weighted
42m
41m
33m
+1.8%
Shares outstanding at period end
41m
41m
34m
-0.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,070
3,147
2,514
-2.4%
Non-controlling interest
187
206
227
-9.3%
Debt
1,418
1,539
1,487
-7.9%
Other liabilities
2,059
2,320
2,373
-11.3%
Total liabilities and equity
6,733
7,212
6,601
-6.6%
Fixed assets
645
727
754
-11.4%
Goodwill
2,598
2,873
2,410
-9.6%
Intangible assets
996
1,044
833
-4.6%
Cash and equivalents
197
305
311
-35.4%
Receivables
888
1,029
1,024
-13.7%
Inventory
420
443
444
-5.0%
Other assets
989
790
826
+25.1%
Total assets
6,733
7,212
6,601
-6.6%
10-K for the year ended 31 December 2015, filed 16 February 2016: the filing.