Intercontinental Exchange (ICE) FY2015 results: revenue $4.7 billion, up 7.6% on the year
Intercontinental Exchange, Inc. (ICE) reported revenue of $4.7 billion for fiscal 2015, the year ended 31 December 2015, up 7.6% on the year before. Net income was $1.3 billion, up 29.9%, and diluted earnings per share $2.28. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2016.
Revenue
$4.7 billion
+7.6% on the year
FY2011FY2015
Operating margin
37.4%
33.3% a year earlier
FY2011FY2015
Net income
$1.3 billion
+29.9% on the year
FY2011FY2015
Diluted EPS
$2.28
+33.2% 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
4,682
4,352
1,730
+7.6%
Selling, general and administrative
116
143
51.0
-18.9%
Operating income
1,750
1,448
790
+20.9%
Operating margin
37.4%
33.3%
45.7%
Interest expense
97.0
96.0
56.0
+1.0%
Pre-tax income
1,653
1,407
504
+17.5%
Income tax
358
402
184
-10.9%
Effective tax rate
21.7%
28.6%
36.5%
Net income
1,274
981
254
+29.9%
Net margin
27.2%
22.5%
14.7%
Diluted EPS
$2.28
$1.71
$0.64
+33.2%
$ 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
1,311
1,463
714
-10.4%
Capital expenditure
190
172
134
+10.5%
Free cash flow
1,121
1,291
580
-13.2%
Free cash flow margin
23.9%
29.7%
33.5%
Cash from investing
-3,004
36.0
-2,523
Cash from financing
1,976
-1,673
1,119
Depreciation and amortisation
374
333
156
+12.3%
Share-based compensation
111
97.0
64.0
+14.4%
Buybacks
660
645
0.0
+2.3%
Dividends paid
331
299
75.0
+10.7%
Dividend per share
$0.58
$0.52
$0.13
+11.5%
Diluted shares, weighted
560m
575m
395m
-2.6%
Shares outstanding at period end
595m
565m
575m
+5.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
14,808
12,360
12,349
+19.8%
Non-controlling interest
32.0
32.0
32.0
0.0%
Redeemable equity
35.0
165
322
-78.8%
Short-term borrowings
2,591
n/a
n/a
Debt
7,308
4,289
5,058
+70.4%
Other liabilities
53,213
51,433
46,661
+3.5%
Total liabilities and equity
77,987
68,279
64,422
+14.2%
Fixed assets
1,037
874
889
+18.6%
Goodwill
12,079
8,535
9,189
+41.5%
Intangible assets
10,758
7,780
9,323
+38.3%
Investments
328
1,579
398
-79.2%
Cash and equivalents
1,547
1,278
961
+21.0%
Receivables
700
508
546
+37.8%
Other assets
51,538
47,725
43,116
+8.0%
Total assets
77,987
68,279
64,422
+14.2%
10-K for the year ended 31 December 2015, filed 4 February 2016: the filing.