Idex (IEX) FY2015 results: revenue $2.0 billion, down 5.9% on the year
Idex Corp. (IEX) reported revenue of $2.0 billion for fiscal 2015, the year ended 31 December 2015, down 5.9% on the year before. Net income was $283 million, up 1.2%, and diluted earnings per share $3.62. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$2.0 billion
-5.9% on the year
FY2008FY2015
Operating margin
21.6%
20.1% a year earlier
FY2008FY2015
Net income
$283 million
+1.2% on the year
FY2008FY2015
Diluted EPS
$3.62
+4.9% 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
2,021
2,148
2,024
-5.9%
Cost of revenue
1,116
1,198
1,151
-6.9%
Gross profit
904
949
873
-4.7%
Gross margin
44.8%
44.2%
43.1%
Research and development
33.6
36.8
33.0
-8.7%
Selling, general and administrative
474
504
478
-6.0%
Operating income
437
431
396
+1.3%
Operating margin
21.6%
20.1%
19.5%
Interest expense
41.6
41.9
42.2
-0.6%
Pre-tax income
392
392
353
-0.0%
Income tax
110
113
97.9
-3.1%
Effective tax rate
27.9%
28.8%
27.7%
Net income
283
279
255
+1.2%
Net margin
14.0%
13.0%
12.6%
Diluted EPS
$3.62
$3.45
$3.09
+4.9%
$ 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
360
368
402
-2.1%
Capital expenditure
43.8
48.0
31.5
-8.8%
Free cash flow
317
320
370
-1.1%
Free cash flow margin
15.7%
14.9%
18.3%
Cash from investing
-210
-72.3
-68.2
Cash from financing
-296
-184
-219
Depreciation and amortisation
78.1
76.9
79.3
+1.6%
Share-based compensation
20.0
20.7
17.0
-3.2%
Buybacks
211
220
168
-4.1%
Dividends paid
96.2
85.7
72.9
+12.2%
Dividend per share
$1.28
$1.12
$0.89
+14.3%
Diluted shares, weighted
78m
81m
82m
-3.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,443
1,486
1,573
-2.9%
Short-term borrowings
1.1
98.9
1.9
-98.9%
Debt
847
864
774
-1.9%
Other liabilities
514
459
532
+12.0%
Total liabilities and equity
2,805
2,908
2,881
-3.5%
Fixed assets
241
220
213
+9.7%
Goodwill
1,397
1,321
1,349
+5.7%
Intangible assets
288
271
311
+6.1%
Cash and equivalents
328
509
440
-35.6%
Receivables
260
256
253
+1.5%
Inventory
239
238
231
+0.6%
Other assets
53.0
93.3
83.1
-43.2%
Total assets
2,805
2,908
2,881
-3.5%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.