Northern Trust (NTRS) FY2015 results: revenue $4.7 billion, up 8.6% on the year
Northern Trust Corp. (NTRS) reported revenue of $4.7 billion for fiscal 2015, the year ended 31 December 2015, up 8.6% on the year before. Net income was $974 million, up 20.0%, and diluted earnings per share $3.99. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$4.7 billion
+8.6% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$974 million
+20.0% on the year
FY2008FY2015
Diluted EPS
$3.99
+20.2% 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
4,703
4,331
4,089
+8.6%
Interest expense
154
181
222
-15.2%
Pre-tax income
1,465
1,190
1,076
+23.1%
Income tax
491
378
344
+29.8%
Effective tax rate
33.5%
31.8%
32.0%
Net income
974
812
731
+20.0%
Net margin
20.7%
18.7%
17.9%
Diluted EPS
$3.99
$3.32
$2.99
+20.2%
$ 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
1,834
936
839
+96.0%
Capital expenditure
98.5
81.9
91.9
+20.3%
Free cash flow
1,736
854
747
+103.2%
Cash from investing
-6,901
-8,235
-5,683
Cash from financing
8,534
7,074
4,388
+20.6%
Share-based compensation
76.4
77.7
73.8
-1.7%
Buybacks
497
481
310
+3.4%
Dividends paid
321
303
221
+6.1%
Diluted shares, weighted
234m
238m
241m
-1.5%
Shares outstanding at period end
229m
233m
237m
-1.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
8,706
8,449
7,912
+3.0%
Deposits
96,869
90,757
84,098
+6.7%
Debt
8,099
6,892
7,424
+17.5%
Other liabilities
3,076
3,848
3,513
-20.1%
Total liabilities and equity
116,750
109,946
102,947
+6.2%
Fixed assets
447
444
459
+0.6%
Goodwill
526
533
541
-1.3%
Intangible assets
46.5
60.0
83.0
-22.5%
Securities held for sale or to maturity
37,566
33,729
30,719
+11.4%
Loans
32,987
31,373
29,107
+5.1%
Resale agreements
1,614
1,063
530
+51.9%
Trading assets
1.2
4.7
1.7
-74.5%
Other assets
43,561
42,739
41,508
+1.9%
Total assets
116,750
109,946
102,947
+6.2%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.