Lennox International (LII) FY2015 results: revenue $3.5 billion, up 3.0% on the year
Lennox International Inc. (LII) reported revenue of $3.5 billion for fiscal 2015, the year ended 31 December 2015, up 3.0% on the year before. Net income was $187 million, down 9.3%, and diluted earnings per share $4.09. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2016.
Revenue
$3.5 billion
+3.0% on the year
FY2008FY2015
Operating margin
8.8%
9.9% a year earlier
FY2008FY2015
Net income
$187 million
-9.3% on the year
FY2008FY2015
Diluted EPS
$4.09
-3.3% 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
3,467
3,367
3,199
+3.0%
Cost of revenue
2,520
2,464
2,338
+2.3%
Gross profit
947
903
861
+4.9%
Gross margin
27.3%
26.8%
26.9%
Research and development
62.3
60.7
53.7
+2.6%
Selling, general and administrative
580
574
570
+1.2%
Operating income
305
335
289
-8.8%
Operating margin
8.8%
9.9%
9.0%
Interest expense
23.6
17.2
14.5
+37.2%
Pre-tax income
283
318
274
-11.0%
Income tax
95.4
110
94.4
-12.9%
Effective tax rate
33.8%
34.5%
34.4%
Net income
187
206
172
-9.3%
Net margin
5.4%
6.1%
5.4%
Diluted EPS
$4.09
$4.23
$3.39
-3.3%
$ 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
354
185
210
+91.3%
Capital expenditure
69.9
88.4
78.3
-20.9%
Free cash flow
284
96.4
132
+194.3%
Free cash flow margin
8.2%
2.9%
4.1%
Cash from investing
-69.8
-87.3
-67.3
Cash from financing
-271
-89.5
-150
Depreciation and amortisation
62.8
60.8
58.9
+3.3%
Share-based compensation
26.6
23.3
29.3
+14.2%
Buybacks
0.0
550
125
Dividends paid
59.3
52.6
34.0
+12.7%
Dividend per share
$1.38
$1.14
$0.92
+21.1%
Diluted shares, weighted
46m
49m
51m
-6.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
102
9.0
486
+1,028.9%
Non-controlling interest
0.4
0.6
0.8
-33.3%
Debt
741
926
400
-19.9%
Other liabilities
837
829
740
+1.0%
Total liabilities and equity
1,680
1,764
1,627
-4.8%
Fixed assets
340
359
336
-5.3%
Goodwill
195
209
217
-6.8%
Intangible assets
6.2
27.8
27.8
-77.7%
Cash and equivalents
38.9
37.5
38.0
+3.7%
Receivables
423
421
408
+0.3%
Inventory
419
463
379
-9.6%
Other assets
259
246
222
+5.1%
Total assets
1,680
1,764
1,627
-4.8%
10-K for the year ended 31 December 2015, filed 16 February 2016: the filing.