Fortune Brands Innovations (FBIN) FY2015 results: revenue $4.6 billion, up 14.1% on the year
Fortune Brands Innovations, Inc. (FBIN) reported revenue of $4.6 billion for fiscal 2015, the year ended 31 December 2015, up 14.1% on the year before. Net income was $315 million, up 99.2%, and diluted earnings per share $1.93. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$4.6 billion
+14.1% on the year
FY2009FY2015
Operating margin
10.8%
10.1% a year earlier
FY2009FY2015
Net income
$315 million
+99.2% on the year
FY2009FY2015
Diluted EPS
$1.93
+103.2% 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
4,579
4,014
3,704
+14.1%
Cost of revenue
2,998
2,647
2,408
+13.3%
Gross profit
1,582
1,367
1,295
+15.7%
Gross margin
34.5%
34.1%
35.0%
Research and development
48.7
46.1
50.8
+5.6%
Selling, general and administrative
1,048
943
939
+11.1%
Operating income
496
404
323
+22.9%
Operating margin
10.8%
10.1%
8.7%
Interest expense
31.9
10.4
7.2
+206.7%
Pre-tax income
460
392
310
+17.4%
Income tax
153
118
102
+29.7%
Effective tax rate
33.4%
30.2%
32.7%
Net income
315
158
230
+99.2%
Net margin
6.9%
3.9%
6.2%
Diluted EPS
$1.93
$0.95
$1.34
+103.2%
$ 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
429
266
298
+61.2%
Capital expenditure
128
128
96.7
+0.8%
Free cash flow
301
139
201
+116.8%
Free cash flow margin
6.6%
3.5%
5.4%
Cash from investing
-767
-151
-397
Cash from financing
399
-160
4.1
Depreciation and amortisation
115
96.0
86.6
+19.9%
Share-based compensation
27.6
29.7
26.1
-7.1%
Buybacks
51.7
440
52.1
-88.2%
Dividends paid
89.5
77.4
49.9
+15.6%
Dividend per share
$0.58
$0.50
$0.42
+16.0%
Diluted shares, weighted
163m
166m
171m
-2.0%
Shares outstanding at period end
160m
158m
n/a
+1.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,451
2,260
2,649
+8.5%
Non-controlling interest
2.9
3.6
3.7
-19.4%
Debt
1,169
670
356
+74.4%
Other liabilities
1,256
1,120
1,169
+12.2%
Total liabilities and equity
4,879
4,053
4,178
+20.4%
Fixed assets
628
540
468
+16.3%
Goodwill
1,755
1,468
1,434
+19.6%
Intangible assets
997
656
629
+51.8%
Cash and equivalents
238
192
241
+24.3%
Receivables
503
459
403
+9.5%
Inventory
556
462
429
+20.2%
Other assets
202
276
574
-26.8%
Total assets
4,879
4,053
4,178
+20.4%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.