Invesco (IVZ) FY2015 results: revenue $5.1 billion, down 0.5% on the year
Invesco Ltd. (IVZ) reported revenue of $5.1 billion for fiscal 2015, the year ended 31 December 2015, down 0.5% on the year before. Net income was $968 million, down 2.0%, and diluted earnings per share $2.26. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$5.1 billion
-0.5% on the year
FY2008FY2015
Operating margin
26.5%
24.8% a year earlier
FY2008FY2015
Net income
$968 million
-2.0% on the year
FY2008FY2015
Diluted EPS
$2.26
-0.4% 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
5,123
5,147
4,645
-0.5%
Operating income
1,358
1,277
1,120
+6.4%
Operating margin
26.5%
24.8%
24.1%
Interest expense
81.7
73.1
44.6
+11.8%
Pre-tax income
1,362
1,395
1,255
-2.4%
Income tax
398
391
337
+1.9%
Effective tax rate
29.2%
28.0%
26.8%
Net income
968
988
940
-2.0%
Net margin
18.9%
19.2%
20.2%
Diluted EPS
$2.26
$2.27
$2.10
-0.4%
$ 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
1,128
1,200
780
-6.0%
Capital expenditure
124
133
88.2
-6.5%
Free cash flow
1,004
1,067
692
-5.9%
Free cash flow margin
19.6%
20.7%
14.9%
Cash from investing
-665
-1,827
-240
Cash from financing
-51.6
862
-59.3
Depreciation and amortisation
93.6
89.4
88.4
+4.7%
Share-based compensation
150
138
133
+8.9%
Buybacks
624
270
470
+131.3%
Dividends paid
454
424
380
+7.2%
Dividend per share
$1.06
$0.97
$0.85
+8.7%
Diluted shares, weighted
429m
436m
448m
-1.4%
Shares outstanding at period end
418m
430m
433m
-2.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
7,885
8,326
8,393
-5.3%
Non-controlling interest
810
794
585
+2.1%
Redeemable equity
167
166
0.0
+1.1%
Debt
2,073
1,577
1,589
+31.5%
Other liabilities
14,137
9,600
8,705
+47.3%
Total liabilities and equity
25,073
20,462
19,270
+22.5%
Fixed assets
427
403
351
+6.0%
Goodwill
6,176
6,579
6,867
-6.1%
Intangible assets
1,354
1,247
1,264
+8.6%
Cash and equivalents
1,851
1,514
1,331
+22.3%
Other assets
15,265
10,720
9,458
+42.4%
Total assets
25,073
20,462
19,270
+22.5%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.