Factset Research Systems (FDS) FY2015 results: revenue $1.0 billion, up 9.4% on the year
Factset Research Systems Inc. (FDS) reported revenue of $1.0 billion for fiscal 2015, the year ended 31 August 2015, up 9.4% on the year before. Net income was $241 million, up 13.9%, and diluted earnings per share $5.71. The figures are the company's own, from the 10-K it filed with the SEC on 2 November 2015.
Revenue
$1.0 billion
+9.4% on the year
FY2009FY2015
Operating margin
33.0%
32.8% a year earlier
FY2009FY2015
Net income
$241 million
+13.9% on the year
FY2009FY2015
Diluted EPS
$5.71
+16.1% 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
1,007
920
858
+9.4%
Cost of revenue
405
354
306
+14.6%
Gross profit
601
567
552
+6.1%
Gross margin
59.7%
61.6%
64.3%
Selling, general and administrative
270
264
282
+1.9%
Operating income
332
302
269
+9.8%
Operating margin
33.0%
32.8%
31.4%
Pre-tax income
334
303
271
+10.0%
Income tax
92.7
91.9
72.3
+0.9%
Effective tax rate
27.8%
30.3%
26.7%
Net income
241
212
199
+13.9%
Net margin
23.9%
23.0%
23.1%
Diluted EPS
$5.71
$4.92
$4.45
+16.1%
$ 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
306
265
270
+15.6%
Capital expenditure
25.7
17.7
18.5
+44.7%
Free cash flow
281
247
251
+13.5%
Free cash flow margin
27.9%
26.9%
29.3%
Cash from investing
-64.9
-70.7
-20.4
Cash from financing
-187
-277
-238
Depreciation and amortisation
31.3
34.4
35.8
-9.0%
Share-based compensation
26.4
22.9
40.0
+15.2%
Buybacks
256
280
332
-8.4%
Dividends paid
66.6
61.0
56.0
+9.1%
Diluted shares, weighted
42m
43m
45m
-1.7%
Shares outstanding at period end
41m
42m
43m
-1.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
532
511
542
+4.0%
Debt
35.0
0.0
0.0
Other liabilities
170
152
148
+11.8%
Total liabilities and equity
737
663
690
+11.1%
Fixed assets
59.3
57.6
65.4
+2.8%
Goodwill
308
286
245
+7.9%
Intangible assets
40.1
41.9
36.2
-4.3%
Investments
23.5
20.0
12.7
+17.4%
Cash and equivalents
159
116
197
+36.5%
Receivables
95.1
90.4
73.3
+5.2%
Other assets
51.6
51.4
61.4
+0.4%
Total assets
737
663
690
+11.1%
10-K for the year ended 31 August 2015, filed 2 November 2015: the filing.