LyondellBasell Industries (LYB) FY2015 results: revenue $32.7 billion, down 28.2% on the year
LyondellBasell Industries N.V. (LYB) reported revenue of $32.7 billion for fiscal 2015, the year ended 31 December 2015, down 28.2% on the year before. Net income was $4.5 billion, up 7.2%, and diluted earnings per share $9.59. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2016.
Revenue
$32.7 billion
-28.2% on the year
FY2011FY2015
Operating margin
18.7%
12.6% a year earlier
FY2011FY2015
Net income
$4.5 billion
+7.2% on the year
FY2011FY2015
Diluted EPS
$9.59
+20.0% on the year
FY2011FY2015
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
32,735
45,608
44,062
-28.2%
Cost of revenue
25,683
38,939
37,940
-34.0%
Gross profit
7,052
6,669
6,122
+5.7%
Gross margin
21.5%
14.6%
13.9%
Research and development
102
127
150
-19.7%
Selling, general and administrative
828
806
870
+2.7%
Operating income
6,122
5,736
5,102
+6.7%
Operating margin
18.7%
12.6%
11.6%
Interest expense
310
352
309
-11.9%
Pre-tax income
6,209
5,712
4,996
+8.7%
Income tax
1,730
1,540
1,136
+12.3%
Effective tax rate
27.9%
27.0%
22.7%
Net income
4,476
4,174
3,857
+7.2%
Net margin
13.7%
9.2%
8.8%
Diluted EPS
$9.59
$7.99
$6.75
+20.0%
$ 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
5,842
6,048
4,835
-3.4%
Capital expenditure
1,440
1,499
1,561
-3.9%
Free cash flow
4,402
4,549
3,274
-3.2%
Free cash flow margin
13.4%
10.0%
7.4%
Cash from investing
-1,046
-3,531
-1,602
Cash from financing
-4,850
-5,907
-1,589
Depreciation and amortisation
1,047
1,019
1,021
+2.7%
Share-based compensation
53.0
n/a
n/a
Buybacks
4,656
5,788
1,949
-19.6%
Dividends paid
1,410
1,403
1,127
+0.5%
Dividend per share
$3.04
$2.70
$2.00
+12.6%
Shares outstanding at period end
440m
487m
549m
-9.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
6,550
8,314
12,478
-21.2%
Non-controlling interest
24.0
30.0
36.0
-20.0%
Debt
8,028
7,045
5,835
+14.0%
Other liabilities
8,155
8,832
8,949
-7.7%
Total liabilities and equity
22,757
24,221
27,298
-6.0%
Fixed assets
8,991
8,758
8,457
+2.7%
Goodwill
536
566
605
-5.3%
Intangible assets
640
769
904
-16.8%
Investments
1,064
1,593
0.0
-33.2%
Cash and equivalents
924
1,031
4,450
-10.4%
Receivables
2,363
3,226
3,828
-26.8%
Inventory
4,051
4,517
5,279
-10.3%
Other assets
4,188
3,761
3,775
+11.4%
Total assets
22,757
24,221
27,298
-6.0%
10-K for the year ended 31 December 2015, filed 16 February 2016: the filing.