Hubbell (HUBB) FY2015 results: revenue $3.4 billion, up 0.9% on the year
Hubbell Inc. (HUBB) reported revenue of $3.4 billion for fiscal 2015, the year ended 31 December 2015, up 0.9% on the year before. Net income was $277 million, down 14.8%, and diluted earnings per share $4.77. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2016.
Revenue
$3.4 billion
+0.9% on the year
FY2008FY2015
Operating margin
14.0%
15.4% a year earlier
FY2008FY2015
Net income
$277 million
-14.8% on the year
FY2008FY2015
Diluted EPS
$4.77
-13.0% on the year
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
3,390
3,359
3,184
+0.9%
Cost of revenue
2,299
2,250
2,113
+2.1%
Gross profit
1,092
1,109
1,070
-1.6%
Gross margin
32.2%
33.0%
33.6%
Selling, general and administrative
617
592
563
+4.3%
Operating income
475
517
508
-8.3%
Operating margin
14.0%
15.4%
15.9%
Interest expense
31.0
31.2
30.8
-0.6%
Pre-tax income
419
486
474
-13.8%
Income tax
136
158
144
-13.8%
Effective tax rate
32.6%
32.6%
30.4%
Net income
277
325
326
-14.8%
Net margin
8.2%
9.7%
10.3%
Diluted EPS
$4.77
$5.48
$5.47
-13.0%
$ 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
339
392
382
-13.3%
Capital expenditure
77.1
60.3
58.8
+27.9%
Free cash flow
262
331
323
-20.8%
Free cash flow margin
7.7%
9.9%
10.1%
Cash from investing
-249
-243
-151
Cash from financing
-379
-216
-131
Depreciation and amortisation
85.2
79.2
70.6
+7.6%
Share-based compensation
17.0
16.4
14.3
+3.7%
Buybacks
79.1
106
31.0
-25.0%
Dividends paid
134
121
110
+10.3%
Dividend per share
$2.31
$2.06
$1.85
+12.1%
Diluted shares, weighted
58m
59m
60m
-2.0%
Shares outstanding at period end
58m
0
n/a
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,741
1,927
1,906
-9.7%
Non-controlling interest
8.4
8.6
8.4
-2.3%
Short-term borrowings
n/a
1.4
0.3
Debt
644
595
597
+8.3%
Other liabilities
816
791
675
+3.1%
Total liabilities and equity
3,209
3,323
3,187
-3.4%
Fixed assets
420
401
377
+4.6%
Goodwill
928
875
800
+6.2%
Intangible assets
372
323
287
+15.3%
Investments
61.7
51.9
45.9
+18.9%
Trading assets
9.7
8.9
7.3
+9.0%
Cash and equivalents
344
654
741
-47.5%
Receivables
467
470
441
-0.7%
Inventory
540
442
386
+22.2%
Other assets
66.8
97.8
103
-31.7%
Total assets
3,209
3,323
3,187
-3.4%
10-K for the year ended 31 December 2015, filed 18 February 2016: the filing.