LCI Industries (LCII) FY2015 results: revenue $1.4 billion, up 17.8% on the year
LCI Industries (LCII) reported revenue of $1.4 billion for fiscal 2015, the year ended 31 December 2015, up 17.8% on the year before. Net income was $74 million, up 19.4%, and diluted earnings per share $3.02. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$1.4 billion
+17.8% on the year
FY2009FY2015
Operating margin
8.3%
8.0% a year earlier
FY2009FY2015
Net income
$74 million
+19.4% on the year
FY2009FY2015
Diluted EPS
$3.02
+18.0% 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
1,403
1,191
1,016
+17.8%
Cost of revenue
1,097
936
802
+17.2%
Gross profit
306
255
213
+20.0%
Gross margin
21.8%
21.4%
21.0%
Selling, general and administrative
186
157
133
+18.1%
Operating income
116
95.5
78.3
+21.7%
Operating margin
8.3%
8.0%
7.7%
Pre-tax income
114
95.1
77.9
+20.3%
Income tax
40.0
32.8
27.8
+22.1%
Effective tax rate
35.0%
34.5%
35.7%
Net income
74.3
62.3
50.1
+19.4%
Net margin
5.3%
5.2%
4.9%
Diluted EPS
$3.02
$2.56
$2.11
+18.0%
$ 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
95.0
107
82.7
-11.2%
Capital expenditure
29.0
42.5
32.6
-31.7%
Free cash flow
66.0
64.6
50.1
+2.3%
Free cash flow margin
4.7%
5.4%
4.9%
Cash from investing
-66.1
-144
-36.1
Cash from financing
-16.6
-29.2
9.7
Depreciation and amortisation
41.6
32.6
27.5
+27.7%
Share-based compensation
14.0
10.8
10.8
+29.8%
Dividends paid
48.2
n/a
n/a
Dividend per share
$2.00
$2.00
$2.00
0.0%
Diluted shares, weighted
25m
24m
24m
+1.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
439
395
314
+11.1%
Debt
50.0
15.7
0.0
+219.5%
Other liabilities
134
133
140
+0.8%
Total liabilities and equity
623
544
453
+14.5%
Fixed assets
151
147
126
+2.6%
Goodwill
83.6
66.5
21.5
+25.7%
Intangible assets
101
97.0
59.4
+4.1%
Cash and equivalents
12.3
0.0
66.3
+307,525.0%
Receivables
41.5
38.0
31.0
+9.3%
Inventory
171
132
101
+28.9%
Other assets
63.1
63.1
47.8
+0.1%
Total assets
623
544
453
+14.5%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.