Mercury General (MCY) FY2015 results: revenue $3.0 billion, down 0.1% on the year
Mercury General Corp. (MCY) reported revenue of $3.0 billion for fiscal 2015, the year ended 31 December 2015, down 0.1% on the year before. Net income was $74 million, down 58.1%, and diluted earnings per share $1.35. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2016.
Revenue
$3.0 billion
-0.1% on the year
FY2008FY2015
Operating margin
2.3%
8.2% a year earlier
FY2008FY2015
Net income
$74 million
-58.1% on the year
FY2008FY2015
Diluted EPS
$1.35
-58.2% 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
3,009
3,012
2,821
-0.1%
Operating income
70.6
247
132
-71.5%
Operating margin
2.3%
8.2%
4.7%
Interest expense
3.2
2.6
1.3
+20.1%
Pre-tax income
70.6
247
132
-71.5%
Income tax
-3.9
69.5
20.0
Effective tax rate
-5.5%
28.1%
15.1%
Net income
74.5
178
112
-58.1%
Net margin
2.5%
5.9%
4.0%
Diluted EPS
$1.35
$3.23
$2.04
-58.2%
$ 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
190
247
210
-22.8%
Capital expenditure
20.1
26.0
18.7
-22.8%
Free cash flow
170
220
191
-22.8%
Free cash flow margin
5.7%
7.3%
6.8%
Cash from investing
-81.7
-194
-18.4
Cash from financing
-134
-29.1
-83.1
Depreciation and amortisation
47.8
28.1
30.6
+70.5%
Share-based compensation
0.1
4.1
1.0
-96.5%
Dividends paid
136
135
135
+0.7%
Dividend per share
$2.47
$2.46
$2.45
+0.4%
Diluted shares, weighted
55m
55m
55m
+0.3%
Shares outstanding at period end
55m
55m
55m
+0.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,821
1,875
1,822
-2.9%
Debt
290
290
120
0.0%
Other liabilities
2,518
2,435
2,373
+3.4%
Total liabilities and equity
4,629
4,600
4,315
+0.6%
Fixed assets
157
159
157
-1.2%
Goodwill
42.8
42.8
42.8
0.0%
Intangible assets
31.7
35.6
41.6
-11.0%
Investments
185
373
316
-50.3%
Cash and equivalents
264
290
267
-8.9%
Other assets
3,948
3,700
3,492
+6.7%
Total assets
4,629
4,600
4,315
+0.6%
10-K for the year ended 31 December 2015, filed 9 February 2016: the filing.