Johnson Controls International (JCI) FY2015 results: revenue $17.1 billion, up 2.3% on the year
Johnson Controls International plc (JCI) reported revenue of $17.1 billion for fiscal 2015, the year ended 30 September 2015, up 2.3% on the year before. Net income was $1.6 billion, up 28.6%, and diluted earnings per share $2.36. The figures are the company's own, from the 10-K it filed with the SEC on 23 November 2016.
Revenue
$17.1 billion
+2.3% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$1.6 billion
+28.6% on the year
FY2008FY2015
Diluted EPS
$2.36
+31.1% 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
17,100
16,717
10,058
+2.3%
Cost of revenue
12,569
12,405
3,985
+1.3%
Gross profit
4,531
4,312
6,073
+5.1%
Gross margin
26.5%
25.8%
60.4%
Research and development
134
n/a
172
Selling, general and administrative
3,191
2,994
2,838
+6.6%
Operating income
n/a
n/a
712
Operating margin
n/a
n/a
7.1%
Interest expense
275
238
100
+15.5%
Pre-tax income
931
1,037
599
-10.2%
Income tax
71.0
93.0
108
-23.7%
Effective tax rate
7.6%
9.0%
18.0%
Net income
1,563
1,215
536
+28.6%
Net margin
9.1%
7.3%
5.3%
Diluted EPS
$2.36
$1.80
$1.14
+31.1%
$ 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
1,600
2,395
850
-33.2%
Capital expenditure
1,135
1,199
269
-5.3%
Free cash flow
465
1,196
581
-61.1%
Free cash flow margin
2.7%
7.2%
5.8%
Cash from investing
470
-2,593
n/a
Cash from financing
-1,821
-412
n/a
Depreciation and amortisation
860
955
379
-9.9%
Share-based compensation
90.0
82.0
63.0
+9.8%
Buybacks
1,362
1,249
300
+9.0%
Dividends paid
657
568
288
+15.7%
Dividend per share
$1.04
$0.88
n/a
+18.2%
Diluted shares, weighted
662m
675m
472m
-2.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
10,335
11,270
5,098
-8.3%
Non-controlling interest
163
n/a
23.0
Redeemable equity
212
n/a
12.0
Short-term borrowings
35.0
n/a
n/a
Debt
5,367
n/a
1,463
Other liabilities
13,510
n/a
5,580
Total liabilities and equity
29,622
n/a
12,176
Fixed assets
3,683
3,847
1,284
-4.3%
Goodwill
4,460
4,571
4,158
-2.4%
Intangible assets
1,387
n/a
791
Investments
n/a
n/a
243
Cash and equivalents
553
364
563
+51.9%
Receivables
3,617
n/a
1,704
Inventory
1,665
n/a
645
Other assets
14,257
24,030
2,788
-40.7%
Total assets
29,622
32,812
12,176
-9.7%
10-K for the year ended 30 September 2015, filed 23 November 2016: the filing.