Matson (MATX) FY2015 results: revenue $1.9 billion, up 10.0% on the year
Matson, Inc. (MATX) reported revenue of $1.9 billion for fiscal 2015, the year ended 31 December 2015, up 10.0% on the year before. Net income was $103 million, up 45.5%, and diluted earnings per share $2.34. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$1.9 billion
+10.0% on the year
FY2008FY2015
Operating margin
10.4%
8.2% a year earlier
FY2008FY2015
Net income
$103 million
+45.5% on the year
FY2008FY2015
Diluted EPS
$2.34
+43.6% 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
1,885
1,714
1,637
+10.0%
Selling, general and administrative
195
147
133
+32.4%
Operating income
196
140
100
+40.2%
Operating margin
10.4%
8.2%
6.1%
Interest expense
18.5
17.3
14.4
+6.9%
Pre-tax income
178
123
85.9
+44.9%
Income tax
74.8
51.9
32.2
+44.1%
Effective tax rate
42.1%
42.3%
37.5%
Net income
103
70.8
53.7
+45.5%
Net margin
5.5%
4.1%
3.3%
Diluted EPS
$2.34
$1.63
$1.25
+43.6%
$ 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
245
166
196
+48.0%
Capital expenditure
67.8
27.9
35.2
+143.0%
Free cash flow
178
138
160
+28.8%
Free cash flow margin
9.4%
8.0%
9.8%
Cash from investing
-63.8
n/a
n/a
Cash from financing
-449
n/a
n/a
Depreciation and amortisation
83.4
69.7
69.7
+19.7%
Share-based compensation
12.2
8.7
5.9
+40.2%
Buybacks
4.9
n/a
n/a
Dividends paid
30.8
28.7
26.8
+7.3%
Dividend per share
$0.70
$0.66
$0.62
+6.1%
Diluted shares, weighted
44m
43m
43m
+1.4%
Shares outstanding at period end
44m
43m
43m
+0.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
451
364
338
+23.9%
Debt
430
374
286
+15.1%
Other liabilities
789
664
624
+18.8%
Total liabilities and equity
1,670
1,402
1,248
+19.1%
Fixed assets
860
691
735
+24.5%
Goodwill
242
27.4
27.4
+781.8%
Intangible assets
139
2.5
3.8
+5,464.0%
Cash and equivalents
25.5
293
114
-91.3%
Receivables
193
198
182
-2.4%
Other assets
210
190
185
+11.0%
Total assets
1,670
1,402
1,248
+19.1%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.