Louisiana-Pacific (LPX) FY2015 results: revenue $1.9 billion, down 2.2% on the year
Louisiana-Pacific Corp. (LPX) reported revenue of $1.9 billion for fiscal 2015, the year ended 31 December 2015, down 2.2% on the year before. Net income was -$88 million, and diluted earnings per share $-0.62. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$1.9 billion
-2.2% on the year
FY2009FY2015
Operating margin
-3.3%
-4.0% a year earlier
FY2009FY2015
Net income
-$88 million
FY2009FY2015
Diluted EPS
-$0.62
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
1,892
1,935
2,085
-2.2%
Cost of revenue
1,683
1,758
1,637
-4.3%
Gross profit
210
177
448
+18.5%
Gross margin
11.1%
9.1%
21.5%
Selling, general and administrative
153
150
150
+2.2%
Operating income
-63.3
-77.6
203
Operating margin
-3.3%
-4.0%
9.7%
Interest expense
31.2
29.8
36.0
+4.7%
Pre-tax income
-88.7
-101
218
Income tax
-2.7
-27.2
41.1
Effective tax rate
n/a
n/a
18.8%
Net income
-88.1
-75.4
177
Net margin
-4.7%
-3.9%
8.5%
Diluted EPS
-$0.62
-$0.53
$1.23
$ 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
29.2
-52.9
242
Capital expenditure
114
80.1
75.6
+42.1%
Free cash flow
-84.6
-133
167
Free cash flow margin
-4.5%
-6.9%
8.0%
Cash from investing
-116
-63.5
-17.4
Cash from financing
-4.4
-3.9
-126
Depreciation and amortisation
0.0
0.0
1.6
Share-based compensation
9.3
9.4
8.8
-1.1%
Diluted shares, weighted
142m
141m
144m
+0.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,017
1,116
1,226
-8.9%
Debt
754
762
765
-1.1%
Other liabilities
405
476
502
-14.8%
Total liabilities and equity
2,176
2,354
2,493
-7.5%
Fixed assets
862
851
887
+1.4%
Goodwill
9.7
9.7
9.7
0.0%
Intangible assets
n/a
n/a
68.3
Investments
n/a
4.6
3.7
Cash and equivalents
435
533
657
-18.4%
Receivables
96.4
108
78.1
-11.1%
Inventory
222
230
224
-3.4%
Other assets
551
618
566
-10.8%
Total assets
2,176
2,354
2,493
-7.5%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.