Jabil (JBL) FY2015 results: revenue $17.9 billion, up 13.6% on the year
Jabil Inc. (JBL) reported revenue of $17.9 billion for fiscal 2015, the year ended 31 August 2015, up 13.6% on the year before. Net income was $284 million, up 17.7%, and diluted earnings per share $1.45. The figures are the company's own, from the 10-K it filed with the SEC on 16 October 2015.
Revenue
$17.9 billion
+13.6% on the year
FY2009FY2015
Operating margin
3.1%
1.3% a year earlier
FY2009FY2015
Net income
$284 million
+17.7% on the year
FY2009FY2015
Diluted EPS
$1.45
+21.8% 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
17,899
15,762
17,249
+13.6%
Cost of revenue
16,396
14,737
16,037
+11.3%
Gross profit
1,503
1,026
1,212
+46.6%
Gross margin
8.4%
6.5%
7.0%
Research and development
27.6
28.6
28.5
-3.4%
Selling, general and administrative
863
676
614
+27.7%
Operating income
555
204
452
+172.2%
Operating margin
3.1%
1.3%
2.6%
Interest expense
128
128
121
+0.0%
Pre-tax income
432
72.1
327
+498.5%
Income tax
137
73.7
7.6
+86.5%
Effective tax rate
31.8%
102.2%
2.3%
Net income
284
241
371
+17.7%
Net margin
1.6%
1.5%
2.2%
Diluted EPS
$1.45
$1.19
$1.79
+21.8%
$ 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
1,240
499
1,214
+148.6%
Capital expenditure
963
624
737
+54.3%
Free cash flow
277
-125
477
Free cash flow margin
1.5%
-0.8%
2.8%
Cash from investing
-1,121
60.7
-1,374
Cash from financing
-163
-577
-23.0
Depreciation and amortisation
529
487
418
+8.6%
Share-based compensation
62.6
10.6
68.4
+488.9%
Buybacks
85.6
260
129
-67.1%
Dividends paid
63.1
68.2
67.2
-7.4%
Dividend per share
$0.32
$0.32
$0.32
0.0%
Diluted shares, weighted
196m
202m
208m
-3.2%
Shares outstanding at period end
192m
194m
203m
-1.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,315
2,242
2,335
+3.3%
Non-controlling interest
20.2
18.5
20.3
+8.7%
Debt
1,659
1,683
1,906
-1.4%
Other liabilities
5,609
4,537
4,892
+23.6%
Total liabilities and equity
9,603
8,480
9,154
+13.2%
Fixed assets
2,804
2,272
2,309
+23.4%
Goodwill
462
384
349
+20.5%
Intangible assets
284
244
260
+16.2%
Cash and equivalents
914
1,000
1,011
-8.6%
Inventory
2,507
2,008
2,119
+24.9%
Other assets
2,632
2,572
3,105
+2.3%
Total assets
9,603
8,480
9,154
+13.2%
10-K for the year ended 31 August 2015, filed 16 October 2015: the filing.