New York Times (NYT) FY2015 results: revenue $1.6 billion, down 0.6% on the year
New York Times Co. (NYT) reported revenue of $1.6 billion for fiscal 2015, the year ended 27 December 2015, down 0.6% on the year before. Net income was $63 million, up 89.9%, and diluted earnings per share $0.38. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$1.6 billion
-0.6% on the year
FY2008FY2015
Operating margin
8.6%
5.8% a year earlier
FY2008FY2015
Net income
$63 million
+89.9% on the year
FY2008FY2015
Diluted EPS
$0.38
+90.0% 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
1,579
1,589
1,577
-0.6%
Cost of revenue
618
644
627
-4.1%
Gross profit
961
945
950
+1.8%
Gross margin
60.9%
59.5%
60.3%
Selling, general and administrative
714
761
706
-6.2%
Operating income
137
91.9
156
+48.5%
Operating margin
8.6%
5.8%
9.9%
Pre-tax income
96.8
29.9
94.8
+224.1%
Income tax
33.9
-3.5
37.9
Effective tax rate
35.0%
-11.9%
40.0%
Net income
63.2
33.3
65.1
+89.9%
Net margin
4.0%
2.1%
4.1%
Diluted EPS
$0.38
$0.20
$0.41
+90.0%
$ 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
179
80.5
34.9
+122.5%
Capital expenditure
27.0
35.4
16.9
-23.7%
Free cash flow
152
45.1
17.9
+237.0%
Free cash flow margin
9.6%
2.8%
1.1%
Cash from investing
-30.7
-325
-354
Cash from financing
-218
-61.4
-19.3
Depreciation and amortisation
61.6
79.5
85.5
-22.5%
Share-based compensation
10.6
8.9
8.7
+19.2%
Buybacks
69.3
0.0
0.0
Dividends paid
26.6
24.9
6.0
+7.0%
Dividend per share
$0.16
$0.16
$0.08
0.0%
Diluted shares, weighted
166m
161m
158m
+3.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
827
726
843
+13.8%
Non-controlling interest
1.7
2.0
3.6
-15.7%
Debt
424
643
677
-34.0%
Other liabilities
1,165
1,195
1,049
-2.5%
Total liabilities and equity
2,418
2,566
2,573
-5.8%
Fixed assets
632
666
713
-5.0%
Goodwill
109
116
126
-6.3%
Intangible assets
0.0
n/a
n/a
Investments
799
805
541
-0.7%
Cash and equivalents
106
177
483
-40.1%
Receivables
207
213
202
-2.6%
Other assets
564
590
507
-4.4%
Total assets
2,418
2,566
2,573
-5.8%
10-K for the year ended 27 December 2015, filed 24 February 2016: the filing.