MDU Resources Group (MDU) FY2015 results: revenue $4.0 billion, down 2.5% on the year
MDU Resources Group Inc. (MDU) reported revenue of $4.0 billion for fiscal 2015, the year ended 31 December 2015, down 2.5% on the year before. Net income was -$623 million, and diluted earnings per share $-3.20. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$4.0 billion
-2.5% on the year
FY2008FY2015
Operating margin
8.0%
8.0% a year earlier
FY2008FY2015
Net income
-$623 million
FY2008FY2015
Diluted EPS
-$3.20
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
4,014
4,115
3,920
-2.5%
Operating income
320
327
321
-2.3%
Operating margin
8.0%
8.0%
8.2%
Interest expense
91.2
87.0
83.9
+4.8%
Pre-tax income
247
249
243
-1.0%
Income tax
70.7
64.4
74.3
+9.7%
Effective tax rate
28.6%
25.8%
30.6%
Net income
-623
298
278
Net margin
-15.5%
7.2%
7.1%
Diluted EPS
-$3.20
$1.55
$1.47
$ 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
662
587
754
+12.7%
Capital expenditure
537
429
531
+25.0%
Free cash flow
125
158
223
-20.7%
Free cash flow margin
3.1%
3.8%
5.7%
Cash from investing
-382
-904
-783
Cash from financing
-256
325
36.9
Depreciation and amortisation
212
203
200
+4.3%
Share-based compensation
n/a
n/a
3.9
Buybacks
0.0
n/a
n/a
Dividends paid
143
137
98.4
+4.5%
Dividend per share
$0.73
$0.71
$0.69
+2.8%
Diluted shares, weighted
195m
193m
190m
+1.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,397
3,134
2,823
-23.5%
Non-controlling interest
124
116
32.7
+7.2%
Short-term borrowings
45.5
n/a
n/a
Debt
1,796
2,094
1,866
-14.2%
Other liabilities
2,203
2,466
2,339
-10.7%
Total liabilities and equity
6,565
7,810
7,061
-15.9%
Fixed assets
3,898
3,520
3,462
+10.7%
Goodwill
635
635
636
0.0%
Intangible assets
7.3
9.8
13.1
-25.4%
Investments
120
118
113
+1.5%
Cash and equivalents
83.9
60.5
52.6
+38.7%
Receivables
582
599
713
-2.8%
Inventory
241
289
282
-16.9%
Other assets
998
2,578
1,790
-61.3%
Total assets
6,565
7,810
7,061
-15.9%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.