General Electric (GE) FY2015 results: revenue $117.4 billion, up 0.2% on the year
General Electric Co. (GE) reported revenue of $117.4 billion for fiscal 2015, the year ended 31 December 2015, up 0.2% on the year before. Net income was -$6.1 billion, and diluted earnings per share $-4.88. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$117.4 billion
+0.2% on the year
FY2008FY2015
Operating margin
7.0%
8.8% a year earlier
FY2008FY2015
Net income
-$6.1 billion
FY2008FY2015
Diluted EPS
-$4.88
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
117,386
117,184
113,245
+0.2%
Cost of revenue
82,693
83,704
79,841
-1.2%
Gross profit
34,693
33,480
33,404
+3.6%
Gross margin
29.6%
28.6%
29.5%
Research and development
5,278
5,273
5,461
+0.1%
Selling, general and administrative
17,831
16,848
17,945
+5.8%
Operating income
8,186
10,263
9,100
-20.2%
Operating margin
7.0%
8.8%
8.0%
Pre-tax income
8,186
10,263
9,100
-20.2%
Income tax
6,485
773
1,219
+738.9%
Effective tax rate
79.2%
7.5%
13.4%
Net income
-6,126
15,233
13,057
Net margin
-5.2%
13.0%
11.5%
Diluted EPS
-$4.88
$12.00
$10.16
$ 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
19,891
27,710
28,510
-28.2%
Capital expenditure
7,309
7,134
6,754
+2.5%
Free cash flow
12,582
20,576
21,756
-38.9%
Free cash flow margin
10.7%
17.6%
19.2%
Cash from investing
59,488
-5,030
29,117
Cash from financing
-76,054
-16,958
-45,573
Depreciation and amortisation
6,499
6,421
6,581
+1.2%
Buybacks
-2,709
-2,211
-10,225
Dividends paid
9,295
8,851
7,821
+5.0%
Dividend per share
$7.36
$7.12
$6.32
+3.4%
Diluted shares, weighted
1,252m
1,265m
1,286m
-1.1%
Shares outstanding at period end
1,172m
1,257m
1,258m
-6.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
98,274
128,159
130,566
-23.3%
Non-controlling interest
1,864
8,674
6,217
-78.5%
Redeemable equity
2,962
98.0
178
+2,922.4%
Deposits
n/a
43,841
38,171
Debt
197,602
261,424
329,679
-24.4%
Other liabilities
191,990
211,735
158,436
-9.3%
Total liabilities and equity
492,692
653,931
663,247
-24.7%
Fixed assets
54,095
48,070
50,507
+12.5%
Goodwill
65,526
53,207
53,137
+23.2%
Intangible assets
17,797
13,182
13,867
+35.0%
Cash and equivalents
70,483
n/a
n/a
Receivables
27,022
23,237
21,388
+16.3%
Inventory
22,515
17,689
17,325
+27.3%
Other assets
235,254
498,546
507,023
-52.8%
Total assets
492,692
653,931
663,247
-24.7%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.