Nucor (NUE) FY2015 results: revenue $16.4 billion, down 22.1% on the year
Nucor Corp. (NUE) reported revenue of $16.4 billion for fiscal 2015, the year ended 31 December 2015, down 22.1% on the year before. Net income was $81 million, down 88.1%, and diluted earnings per share $0.25. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$16.4 billion
-22.1% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$81 million
-88.1% on the year
FY2008FY2015
Diluted EPS
$0.25
-88.2% 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
16,439
21,105
19,052
-22.1%
Cost of revenue
15,325
19,256
17,641
-20.4%
Gross profit
1,114
1,849
1,411
-39.8%
Gross margin
6.8%
8.8%
7.4%
Selling, general and administrative
459
521
468
-11.9%
Interest expense
178
174
152
+2.0%
Pre-tax income
242
1,147
791
-78.9%
Income tax
48.8
369
206
-86.8%
Effective tax rate
20.2%
32.1%
26.0%
Net income
80.7
679
488
-88.1%
Net margin
0.5%
3.2%
2.6%
Diluted EPS
$0.25
$2.11
$1.52
-88.2%
$ 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
2,169
1,343
1,078
+61.5%
Capital expenditure
374
668
1,197
-44.0%
Free cash flow
1,795
675
-119
+165.9%
Free cash flow margin
10.9%
3.2%
-0.6%
Cash from investing
n/a
n/a
-840
Cash from financing
n/a
n/a
196
Depreciation and amortisation
700
724
610
-3.4%
Share-based compensation
45.8
46.4
47.5
-1.3%
Buybacks
66.5
0.0
0.0
Dividends paid
479
475
471
+0.9%
Dividend per share
$1.49
$1.48
$1.47
+0.7%
Diluted shares, weighted
321m
320m
319m
+0.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
7,478
7,772
7,646
-3.8%
Non-controlling interest
372
303
265
+22.9%
Debt
4,388
4,584
4,409
-4.3%
Other liabilities
2,089
3,297
2,884
-36.6%
Total liabilities and equity
14,327
15,956
15,203
-10.2%
Fixed assets
4,891
5,288
4,917
-7.5%
Goodwill
2,011
2,069
1,974
-2.8%
Intangible assets
771
862
874
-10.6%
Investments
100
100
28.2
0.0%
Cash and equivalents
1,939
1,024
1,483
+89.4%
Receivables
1,384
2,068
1,811
-33.1%
Inventory
2,245
2,745
2,606
-18.2%
Other assets
985
1,801
1,510
-45.3%
Total assets
14,327
15,956
15,203
-10.2%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.