Expeditors International of Washington (EXPD) FY2015 results: revenue $6.6 billion, up 0.8% on the year
Expeditors International of Washington Inc. (EXPD) reported revenue of $6.6 billion for fiscal 2015, the year ended 31 December 2015, up 0.8% on the year before. Net income was $457 million, up 21.3%, and diluted earnings per share $2.40. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$6.6 billion
+0.8% on the year
FY2008FY2015
Operating margin
10.9%
9.1% a year earlier
FY2008FY2015
Net income
$457 million
+21.3% on the year
FY2008FY2015
Diluted EPS
$2.40
+25.0% on the year
FY2008FY2015
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
6,617
6,565
6,080
+0.8%
Operating income
721
595
552
+21.3%
Operating margin
10.9%
9.1%
9.1%
Pre-tax income
737
611
573
+20.6%
Income tax
277
231
223
+19.8%
Effective tax rate
37.6%
37.9%
38.9%
Net income
457
377
349
+21.3%
Net margin
6.9%
5.7%
5.7%
Diluted EPS
$2.40
$1.92
$1.68
+25.0%
$ 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
567
395
408
+43.4%
Capital expenditure
44.4
37.5
53.4
+18.4%
Free cash flow
522
357
354
+46.1%
Free cash flow margin
7.9%
5.4%
5.8%
Cash from investing
-7.4
-78.9
-76.8
Cash from financing
-637
-606
-332
Depreciation and amortisation
46.0
49.3
48.1
-6.7%
Share-based compensation
43.4
42.5
43.8
+2.1%
Buybacks
630
551
262
+14.4%
Dividends paid
136
125
123
+8.9%
Dividend per share
$0.72
$0.64
$0.60
+12.5%
Diluted shares, weighted
190m
197m
207m
-3.3%
Shares outstanding at period end
182m
192m
203m
-5.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,692
1,868
2,085
-9.4%
Non-controlling interest
2.7
3.2
1.5
-16.2%
Debt
0.0
0.0
0.0
Other liabilities
871
999
928
-12.8%
Total liabilities and equity
2,566
2,871
3,015
-10.6%
Fixed assets
525
538
563
-2.5%
Goodwill
7.9
7.9
7.9
0.0%
Investments
0.0
40.3
26.3
-99.9%
Cash and equivalents
808
927
1,248
-12.9%
Receivables
1,112
1,236
1,074
-10.0%
Other assets
113
121
96.3
-6.6%
Total assets
2,566
2,871
3,015
-10.6%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.