Match Group (MTCH) FY2015 results: revenue $3.2 billion, up 3.9% on the year
Match Group, Inc. (MTCH) reported revenue of $3.2 billion for fiscal 2015, the year ended 31 December 2015, up 3.9% on the year before. Net income was $119 million, down 71.2%, and diluted earnings per share $1.33. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$3.2 billion
+3.9% on the year
FY2008FY2015
Operating margin
5.6%
12.2% a year earlier
FY2008FY2015
Net income
$119 million
-71.2% on the year
FY2008FY2015
Diluted EPS
$1.33
-71.6% 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
3,231
3,110
3,023
+3.9%
Cost of revenue
778
860
977
-9.5%
Gross profit
2,453
2,249
2,046
+9.0%
Gross margin
75.9%
72.3%
67.7%
Research and development
197
169
140
+16.6%
Operating income
180
379
426
-52.6%
Operating margin
5.6%
12.2%
14.1%
Interest expense
73.6
56.3
33.6
+30.8%
Pre-tax income
143
270
416
-47.1%
Income tax
29.5
35.4
135
-16.6%
Effective tax rate
20.7%
13.1%
32.3%
Net income
119
415
286
-71.2%
Net margin
3.7%
13.3%
9.5%
Diluted EPS
$1.33
$4.68
$3.29
-71.6%
$ 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
406
424
411
-4.3%
Capital expenditure
62.0
57.2
80.3
+8.4%
Free cash flow
344
367
331
-6.3%
Free cash flow margin
10.6%
11.8%
10.9%
Cash from investing
-583
n/a
n/a
Cash from financing
678
n/a
n/a
Depreciation and amortisation
202
119
119
+69.8%
Share-based compensation
105
59.6
53.0
+76.8%
Buybacks
200
0.0
264
Dividends paid
113
97.3
79.2
+16.3%
Dividend per share
$1.36
$1.16
$0.96
+17.2%
Diluted shares, weighted
88m
89m
87m
-0.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,805
1,992
1,687
-9.4%
Non-controlling interest
411
1.2
42.7
+34,492.0%
Redeemable equity
30.4
40.4
42.9
-24.8%
Debt
1,800
1,080
1,080
+66.7%
Other liabilities
1,143
1,143
1,382
-0.1%
Total liabilities and equity
5,189
4,257
4,235
+21.9%
Fixed assets
303
302
294
+0.1%
Goodwill
2,245
1,755
1,675
+27.9%
Intangible assets
441
492
445
-10.4%
Investments
165
274
186
-39.8%
Cash and equivalents
1,481
990
1,100
+49.6%
Receivables
250
236
207
+5.9%
Other assets
303
207
326
+46.5%
Total assets
5,189
4,257
4,235
+21.9%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.