Koppers Holdings (KOP) FY2015 results: revenue $1.6 billion, up 4.6% on the year
Koppers Holdings Inc. (KOP) reported revenue of $1.6 billion for fiscal 2015, the year ended 31 December 2015, up 4.6% on the year before. Net income was -$72 million, and diluted earnings per share $-3.51. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$1.6 billion
+4.6% on the year
FY2008FY2015
Operating margin
-1.8%
2.1% a year earlier
FY2008FY2015
Net income
-$72 million
FY2008FY2015
Diluted EPS
-$3.51
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
1,627
1,555
1,478
+4.6%
Cost of revenue
1,367
1,344
1,265
+1.7%
Gross profit
260
211
214
+23.1%
Gross margin
16.0%
13.6%
14.4%
Research and development
5.2
3.4
2.4
+52.9%
Selling, general and administrative
125
116
71.7
+7.2%
Operating income
-29.6
33.2
100
Operating margin
-1.8%
2.1%
6.8%
Interest expense
50.7
39.1
26.8
+29.7%
Pre-tax income
-80.1
-5.9
77.0
Income tax
-4.2
34.1
36.8
Effective tax rate
n/a
n/a
47.8%
Net income
-72.0
-32.4
40.4
Net margin
-4.4%
-2.1%
2.7%
Diluted EPS
-$3.51
-$1.58
$1.94
$ 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
128
35.5
118
+259.7%
Capital expenditure
40.7
83.8
72.9
-51.4%
Free cash flow
87.0
-48.3
44.7
Free cash flow margin
5.3%
-3.1%
3.0%
Cash from investing
-41.1
-580
-72.3
Cash from financing
-123
516
-30.3
Depreciation and amortisation
59.0
44.0
29.7
+34.1%
Share-based compensation
3.8
4.7
4.3
-19.1%
Buybacks
0.3
2.0
17.5
-85.0%
Dividends paid
8.7
20.4
21.1
-57.4%
Dividend per share
$0.00
$1.00
$1.00
Diluted shares, weighted
21m
20m
21m
+0.4%
Shares outstanding at period end
n/a
n/a
22m
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-18.5
70.0
170
Non-controlling interest
6.1
13.9
20.0
-56.1%
Debt
735
850
303
-13.6%
Other liabilities
390
360
292
+8.6%
Total liabilities and equity
1,113
1,294
785
-14.0%
Fixed assets
278
300
197
-7.3%
Goodwill
187
247
72.7
-24.5%
Intangible assets
156
168
12.2
-6.9%
Cash and equivalents
21.8
51.1
82.2
-57.3%
Receivables
155
199
158
-22.0%
Inventory
226
241
169
-6.1%
Other assets
89.2
88.3
94.1
+1.0%
Total assets
1,113
1,294
785
-14.0%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.