Expedia Group (EXPE) FY2015 results: revenue $6.7 billion, up 15.8% on the year
Expedia Group, Inc. (EXPE) reported revenue of $6.7 billion for fiscal 2015, the year ended 31 December 2015, up 15.8% on the year before. Net income was $764 million, up 92.0%, and diluted earnings per share $5.70. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2016.
Revenue
$6.7 billion
+15.8% on the year
FY2008FY2015
Operating margin
6.2%
9.0% a year earlier
FY2008FY2015
Net income
$764 million
+92.0% on the year
FY2008FY2015
Diluted EPS
$5.70
+90.6% 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
6,672
5,763
4,771
+15.8%
Cost of revenue
1,310
1,179
1,038
+11.1%
Gross profit
5,363
4,584
3,733
+17.0%
Gross margin
80.4%
79.5%
78.2%
Operating income
414
518
366
-20.1%
Operating margin
6.2%
9.0%
7.7%
Interest expense
126
98.1
87.4
+28.7%
Pre-tax income
926
465
301
+99.3%
Income tax
203
91.7
84.3
+121.6%
Effective tax rate
21.9%
19.7%
28.0%
Net income
764
398
233
+92.0%
Net margin
11.5%
6.9%
4.9%
Diluted EPS
$5.70
$2.99
$1.67
+90.6%
$ 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
1,368
1,367
763
+0.1%
Capital expenditure
787
328
309
+139.7%
Free cash flow
581
1,039
455
-44.1%
Free cash flow margin
8.7%
18.0%
9.5%
Cash from investing
-2,371
-924
n/a
Cash from financing
1,404
48.1
n/a
+2,816.4%
Depreciation and amortisation
493
343
283
+43.9%
Share-based compensation
178
85.0
130
+109.5%
Buybacks
60.5
538
523
-88.7%
Dividends paid
109
84.7
75.8
+28.1%
Dividend per share
$0.84
$0.66
$0.56
+27.3%
Diluted shares, weighted
134m
133m
140m
+0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
4,864
1,784
2,145
+172.6%
Non-controlling interest
65.4
109
114
-40.3%
Redeemable equity
658
560
365
+17.6%
Debt
3,183
1,747
1,249
+82.2%
Other liabilities
6,732
4,820
3,866
+39.7%
Total liabilities and equity
15,504
9,021
7,739
+71.9%
Fixed assets
1,064
553
481
+92.4%
Goodwill
7,993
3,956
3,664
+102.1%
Intangible assets
2,794
1,290
1,111
+116.6%
Investments
98.7
456
459
-78.3%
Cash and equivalents
1,676
1,403
1,021
+19.5%
Receivables
1,082
778
615
+39.1%
Other assets
795
585
390
+36.0%
Total assets
15,504
9,021
7,739
+71.9%
10-K for the year ended 31 December 2015, filed 11 February 2016: the filing.