Interparfums (IPAR) FY2015 results: revenue $469 million, down 6.2% on the year
Interparfums Inc. (IPAR) reported revenue of $469 million for fiscal 2015, the year ended 31 December 2015, down 6.2% on the year before. Net income was $30 million, up 3.4%, and diluted earnings per share $0.98. The figures are the company's own, from the 10-K it filed with the SEC on 14 March 2016.
Revenue
$469 million
-6.2% on the year
FY2009FY2015
Operating margin
13.1%
10.7% a year earlier
FY2009FY2015
Net income
$30 million
+3.4% on the year
FY2009FY2015
Diluted EPS
$0.98
+3.2% 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
469
499
564
-6.2%
Cost of revenue
179
212
235
-15.6%
Gross profit
289
287
329
+0.8%
Gross margin
61.8%
57.5%
58.3%
Selling, general and administrative
228
234
250
-2.3%
Operating income
61.2
53.4
78.8
+14.6%
Operating margin
13.1%
10.7%
14.0%
Interest expense
2.8
1.5
1.4
+91.2%
Pre-tax income
60.5
56.7
80.6
+6.7%
Income tax
21.5
19.4
29.7
+11.1%
Effective tax rate
35.6%
34.2%
36.8%
Net income
30.4
29.4
39.2
+3.4%
Net margin
6.5%
5.9%
7.0%
Diluted EPS
$0.98
$0.95
$1.27
+3.2%
$ 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
50.1
36.6
49.2
+36.8%
Capital expenditure
4.2
3.3
5.0
+25.9%
Free cash flow
45.9
33.3
44.2
+37.9%
Free cash flow margin
9.8%
6.7%
7.8%
Cash from investing
-34.6
n/a
n/a
Cash from financing
81.8
n/a
n/a
Depreciation and amortisation
3.3
3.3
4.9
0.0%
Share-based compensation
0.8
0.9
0.8
-8.1%
Buybacks
0.0
0.1
0.1
-64.4%
Dividends paid
15.8
14.8
28.3
+6.5%
Dividend per share
$0.52
$0.48
$0.96
+8.3%
Diluted shares, weighted
31m
31m
31m
+0.1%
Shares outstanding at period end
31m
31m
31m
+0.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
366
382
407
-4.3%
Non-controlling interest
111
117
128
-5.0%
Debt
98.6
0.3
6.1
+32,989.3%
Other liabilities
113
105
123
+6.8%
Total liabilities and equity
688
605
664
+13.8%
Fixed assets
9.3
9.2
10.4
+1.6%
Intangible assets
201
98.5
116
+104.3%
Investments
82.8
190
182
-56.4%
Cash and equivalents
177
90.1
126
+96.3%
Receivables
95.1
90.1
79.9
+5.5%
Inventory
98.3
102
117
-3.9%
Other assets
23.7
24.0
32.8
-1.2%
Total assets
688
605
664
+13.8%
10-K for the year ended 31 December 2015, filed 14 March 2016: the filing.