Mettler Toledo International (MTD) FY2015 results: revenue $2.4 billion, down 3.6% on the year
Mettler Toledo International Inc. (MTD) reported revenue of $2.4 billion for fiscal 2015, the year ended 31 December 2015, down 3.6% on the year before. Net income was $353 million, up 4.3%, and diluted earnings per share $12.48. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2016.
Revenue
$2.4 billion
-3.6% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$353 million
+4.3% on the year
FY2008FY2015
Diluted EPS
$12.48
+9.1% 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
2,395
2,486
2,379
-3.6%
Cost of revenue
1,043
1,127
1,097
-7.4%
Gross profit
1,352
1,359
1,282
-0.5%
Gross margin
56.4%
54.7%
53.9%
Research and development
119
123
116
-3.4%
Selling, general and administrative
701
729
693
-3.8%
Interest expense
27.5
24.5
22.7
+11.9%
Pre-tax income
463
445
403
+4.1%
Income tax
111
107
96.6
+3.6%
Effective tax rate
23.9%
24.0%
24.0%
Net income
353
338
306
+4.3%
Net margin
14.7%
13.6%
12.9%
Diluted EPS
$12.48
$11.44
$9.96
+9.1%
$ 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
440
419
346
+5.0%
Capital expenditure
82.5
89.4
82.3
-7.7%
Free cash flow
357
330
264
+8.4%
Free cash flow margin
14.9%
13.3%
11.1%
Cash from investing
-101
-94.4
-86.0
Cash from financing
-320
-348
-250
Depreciation and amortisation
39.4
40.1
40.7
-1.8%
Share-based compensation
14.2
13.6
12.6
+4.5%
Buybacks
495
414
295
+19.6%
Diluted shares, weighted
28m
30m
31m
-4.4%
Shares outstanding at period end
27m
28m
29m
-4.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
580
720
935
-19.3%
Debt
590
452
413
+30.5%
Other liabilities
789
802
805
-1.6%
Total liabilities and equity
1,959
1,974
2,153
-0.7%
Fixed assets
517
511
514
+1.1%
Goodwill
446
444
456
+0.5%
Intangible assets
115
113
114
+2.2%
Cash and equivalents
98.9
85.3
112
+16.0%
Receivables
411
436
467
-5.6%
Inventory
214
205
210
+4.8%
Other assets
156
180
279
-13.3%
Total assets
1,959
1,974
2,153
-0.7%
10-K for the year ended 31 December 2015, filed 4 February 2016: the filing.