Huntington Ingalls Industries (HII) FY2015 results: revenue $7.0 billion, up 0.9% on the year
Huntington Ingalls Industries, Inc. (HII) reported revenue of $7.0 billion for fiscal 2015, the year ended 31 December 2015, up 0.9% on the year before. Net income was $404 million, up 19.5%, and diluted earnings per share $8.36. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2016.
Revenue
$7.0 billion
+0.9% on the year
FY2009FY2015
Operating margin
11.0%
9.4% a year earlier
FY2009FY2015
Net income
$404 million
+19.5% on the year
FY2009FY2015
Diluted EPS
$8.36
+21.9% 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
7,020
6,957
6,820
+0.9%
Cost of revenue
5,517
5,540
5,583
-0.4%
Gross profit
1,503
1,417
1,237
+6.1%
Gross margin
21.4%
20.4%
18.1%
Research and development
19.0
18.0
22.0
+5.6%
Operating income
769
655
512
+17.4%
Operating margin
11.0%
9.4%
7.5%
Interest expense
137
149
118
-8.1%
Pre-tax income
632
507
394
+24.7%
Income tax
228
169
133
+34.9%
Effective tax rate
36.1%
33.3%
33.8%
Net income
404
338
261
+19.5%
Net margin
5.8%
4.9%
3.8%
Diluted EPS
$8.36
$6.86
$5.18
+21.9%
$ 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
861
755
236
+14.0%
Capital expenditure
188
165
139
+13.9%
Free cash flow
673
590
97.0
+14.1%
Free cash flow margin
9.6%
8.5%
1.4%
Cash from investing
-141
-437
-81.0
Cash from financing
-816
-371
-169
Depreciation and amortisation
180
194
226
-7.2%
Share-based compensation
43.0
34.0
44.0
+26.5%
Buybacks
232
138
119
+68.1%
Dividends paid
81.0
49.0
25.0
+65.3%
Dividend per share
$1.70
$1.00
$0.50
+70.0%
Diluted shares, weighted
48m
49m
50m
-2.0%
Shares outstanding at period end
47m
48m
49m
-2.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,490
1,365
1,521
+9.2%
Debt
1,273
1,670
1,779
-23.8%
Other liabilities
3,261
3,204
2,890
+1.8%
Total liabilities and equity
6,024
6,239
6,190
-3.4%
Fixed assets
1,827
1,792
1,897
+2.0%
Goodwill
956
1,026
881
-6.8%
Intangible assets
495
547
528
-9.5%
Cash and equivalents
894
990
1,043
-9.7%
Receivables
1,074
1,038
1,123
+3.5%
Other assets
778
846
718
-8.0%
Total assets
6,024
6,239
6,190
-3.4%
10-K for the year ended 31 December 2015, filed 18 February 2016: the filing.