Nisource (NI) FY2015 results: revenue $4.7 billion, down 11.8% on the year
Nisource Inc. (NI) reported revenue of $4.7 billion for fiscal 2015, the year ended 31 December 2015, down 11.8% on the year before. Net income was $286 million, down 45.9%, and diluted earnings per share $0.90. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2016.
Revenue
$4.7 billion
-11.8% on the year
FY2008FY2015
Operating margin
17.2%
15.0% a year earlier
FY2008FY2015
Net income
$286 million
-45.9% on the year
FY2008FY2015
Diluted EPS
$0.90
-46.1% 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
4,652
5,272
4,625
-11.8%
Cost of revenue
1,644
2,373
1,963
-30.7%
Gross profit
4,652
2,900
2,662
+60.4%
Gross margin
100.0%
55.0%
57.6%
Operating income
800
789
698
+1.4%
Operating margin
17.2%
15.0%
15.1%
Interest expense
380
380
375
+0.2%
Income tax
141
167
109
-15.3%
Net income
286
530
532
-45.9%
Net margin
6.2%
10.1%
11.5%
Diluted EPS
$0.90
$1.67
$1.70
-46.1%
$ 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
1,457
1,320
1,437
+10.4%
Capital expenditure
1,361
1,282
1,205
+6.1%
Free cash flow
96.1
37.1
232
+159.0%
Free cash flow margin
2.1%
0.7%
5.0%
Cash from investing
1,950
-2,117
-1,891
Cash from financing
-3,412
796
445
Depreciation and amortisation
524
487
470
+7.7%
Share-based compensation
50.7
66.0
48.5
-23.2%
Buybacks
20.4
10.2
8.1
+100.0%
Dividends paid
263
321
306
-18.0%
Dividend per share
$0.83
$1.02
$0.98
-18.6%
Diluted shares, weighted
320m
317m
314m
+1.0%
Shares outstanding at period end
319m
316m
314m
+1.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,844
6,175
5,887
-37.8%
Non-controlling interest
n/a
0.0
n/a
Debt
6,950
9,995
8,834
-30.5%
Other liabilities
6,699
8,420
7,933
-20.4%
Total liabilities and equity
17,492
24,590
22,654
-28.9%
Fixed assets
12,112
11,057
14,365
+9.5%
Goodwill
1,691
1,691
3,666
0.0%
Intangible assets
254
265
276
-4.2%
Cash and equivalents
15.5
24.9
26.5
-37.8%
Receivables
660
921
1,006
-28.3%
Other assets
2,761
10,631
3,315
-74.0%
Total assets
17,492
24,590
22,654
-28.9%
10-K for the year ended 31 December 2015, filed 18 February 2016: the filing.