Jacobs Solutions (J) FY2015 results: revenue $12.1 billion, down 4.6% on the year
Jacobs Solutions Inc. (J) reported revenue of $12.1 billion for fiscal 2015, the year ended 2 October 2015, down 4.6% on the year before. Net income was $303 million, down 7.7%, and diluted earnings per share $2.40. The figures are the company's own, from the 10-K it filed with the SEC on 24 November 2015.
Revenue
$12.1 billion
-4.6% on the year
FY2008FY2015
Operating margin
3.7%
4.2% a year earlier
FY2008FY2015
Net income
$303 million
-7.7% on the year
FY2008FY2015
Diluted EPS
$2.40
-3.2% 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
12,115
12,695
11,818
-4.6%
Selling, general and administrative
1,523
1,546
1,173
-1.5%
Operating income
446
528
669
-15.6%
Operating margin
3.7%
4.2%
5.7%
Interest expense
19.5
11.4
12.9
+70.5%
Pre-tax income
430
542
662
-20.7%
Income tax
101
190
221
-46.7%
Effective tax rate
23.5%
35.1%
33.5%
Net income
303
328
423
-7.7%
Net margin
2.5%
2.6%
3.6%
Diluted EPS
$2.40
$2.48
$3.23
-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
485
722
449
-32.9%
Capital expenditure
88.4
132
n/a
-33.1%
Free cash flow
396
590
n/a
-32.8%
Free cash flow margin
3.3%
4.6%
n/a
Cash from investing
-96.1
-1,519
-157
Cash from financing
-553
305
-59.7
Depreciation and amortisation
99.9
98.6
69.9
+1.4%
Share-based compensation
41.4
43.4
39.5
-4.6%
Buybacks
422
78.4
0.0
+438.7%
Diluted shares, weighted
126m
132m
131m
-4.7%
Shares outstanding at period end
123m
132m
132m
-6.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
4,292
4,469
4,213
-4.0%
Non-controlling interest
64.7
36.4
35.2
+77.8%
Redeemable equity
n/a
n/a
0.0
Debt
598
801
438
-25.4%
Other liabilities
2,832
3,147
2,588
-10.0%
Total liabilities and equity
7,786
8,454
7,274
-7.9%
Fixed assets
381
457
379
-16.5%
Goodwill
3,049
3,026
2,023
+0.7%
Intangible assets
353
440
218
-19.7%
Cash and equivalents
461
733
1,256
-37.1%
Receivables
2,549
2,868
2,549
-11.1%
Other assets
993
930
849
+6.7%
Total assets
7,786
8,454
7,274
-7.9%
10-K for the year ended 2 October 2015, filed 24 November 2015: the filing.