Otter Tail (OTTR) FY2015 results: revenue $780 million, down 2.4% on the year
Otter Tail Corp. (OTTR) reported revenue of $780 million for fiscal 2015, the year ended 31 December 2015, down 2.4% on the year before. Net income was $59 million, up 2.8%, and diluted earnings per share $1.58. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$780 million
-2.4% on the year
FY2008FY2015
Operating margin
14.0%
12.5% a year earlier
FY2008FY2015
Net income
$59 million
+2.8% on the year
FY2008FY2015
Diluted EPS
$1.58
+0.6% 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
780
799
743
-2.4%
Operating income
109
99.5
94.2
+9.7%
Operating margin
14.0%
12.5%
12.7%
Pre-tax income
80.2
73.4
61.1
+9.2%
Income tax
21.6
16.6
12.5
+30.7%
Effective tax rate
27.0%
22.5%
20.5%
Net income
59.3
57.7
50.9
+2.8%
Net margin
7.6%
7.2%
6.8%
Diluted EPS
$1.58
$1.57
$1.39
+0.6%
$ 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
118
112
148
+4.5%
Capital expenditure
160
164
160
-2.1%
Free cash flow
-42.5
-51.1
-12.1
Free cash flow margin
-5.5%
-6.4%
-1.6%
Cash from investing
-156
-164
-149
Cash from financing
38.4
50.9
-49.0
-24.4%
Depreciation and amortisation
60.4
58.1
57.9
+3.9%
Share-based compensation
1.7
1.8
1.5
-3.8%
Buybacks
1.6
0.6
15.7
+170.5%
Dividend per share
$1.23
$1.21
$1.19
+1.7%
Diluted shares, weighted
38m
37m
36m
+2.5%
Shares outstanding at period end
38m
37m
36m
+1.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
605
573
535
+5.6%
Debt
577
510
441
+13.2%
Other liabilities
639
656
585
-2.6%
Total liabilities and equity
1,821
1,738
1,561
+4.8%
Fixed assets
1,388
1,269
1,156
+9.4%
Goodwill
39.7
31.5
31.5
+26.2%
Intangible assets
15.7
11.3
12.2
+39.3%
Investments
8.3
8.6
9.4
-3.5%
Cash and equivalents
n/a
n/a
2.0
Receivables
63.0
60.2
57.8
+4.7%
Inventory
85.4
85.2
72.7
+0.2%
Other assets
221
273
219
-19.0%
Total assets
1,821
1,738
1,561
+4.8%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.