Fox Factory Holding (FOXF) FY2015 results: revenue $367 million, up 19.6% on the year
Fox Factory Holding Corp. (FOXF) reported revenue of $367 million for fiscal 2015, the year ended 31 December 2015, up 19.6% on the year before. Net income was $25 million, down 9.9%, and diluted earnings per share $0.66. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$367 million
+19.6% on the year
FY2011FY2015
Operating margin
9.6%
11.3% a year earlier
FY2011FY2015
Net income
$25 million
-9.9% on the year
FY2011FY2015
Diluted EPS
$0.66
-9.6% on the year
FY2011FY2015
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
367
307
273
+19.6%
Cost of revenue
255
212
193
+20.0%
Gross profit
112
94.4
80.1
+18.7%
Gross margin
30.5%
30.8%
29.4%
Research and development
17.0
13.6
10.4
+24.6%
Operating income
35.3
34.6
38.8
+2.1%
Operating margin
9.6%
11.3%
14.2%
Interest expense
1.5
1.0
4.1
+55.1%
Pre-tax income
34.2
34.3
34.7
-0.2%
Income tax
9.3
6.6
10.6
+40.1%
Effective tax rate
27.1%
19.3%
30.5%
Net income
25.0
27.7
24.1
-9.9%
Net margin
6.8%
9.0%
8.8%
Diluted EPS
$0.66
$0.73
$0.68
-9.6%
$ 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
30.0
32.9
22.6
-8.8%
Capital expenditure
10.9
4.6
3.9
+135.5%
Free cash flow
19.1
28.3
18.7
-32.4%
Free cash flow margin
5.2%
9.2%
6.9%
Cash from investing
-13.2
-76.8
-5.0
Cash from financing
-14.1
46.7
-15.9
Depreciation and amortisation
13.3
9.7
7.8
+36.8%
Share-based compensation
4.9
4.0
2.5
+21.3%
Buybacks
5.2
0.6
0.0
+817.0%
Dividends paid
n/a
0.0
0.0
Dividend per share
n/a
n/a
$2.00
Diluted shares, weighted
38m
38m
36m
+0.2%
Shares outstanding at period end
37m
37m
36m
-0.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
152
129
92.3
+18.2%
Debt
47.2
50.0
8.0
-5.7%
Other liabilities
78.3
79.6
57.4
-1.7%
Total liabilities and equity
278
258
158
+7.5%
Fixed assets
26.1
19.8
13.4
+32.1%
Goodwill
57.7
58.7
31.9
-1.9%
Intangible assets
60.8
65.2
27.3
-6.7%
Cash and equivalents
6.9
4.2
1.7
+64.9%
Receivables
43.7
39.2
33.8
+11.3%
Inventory
68.2
59.2
42.8
+15.2%
Other assets
14.3
12.1
6.9
+18.1%
Total assets
278
258
158
+7.5%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.