Paccar (PCAR) FY2015 results: revenue $19.1 billion, up 0.6% on the year
Paccar Inc. (PCAR) reported revenue of $19.1 billion for fiscal 2015, the year ended 31 December 2015, up 0.6% on the year before. Net income was $1.6 billion, up 18.0%, and diluted earnings per share $3.01. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2016.
Revenue
$19.1 billion
+0.6% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$1.6 billion
+18.0% on the year
FY2008FY2015
Diluted EPS
$3.01
+18.1% 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
19,115
18,997
17,124
+0.6%
Pre-tax income
2,337
2,018
1,695
+15.8%
Income tax
733
659
524
+11.3%
Effective tax rate
31.4%
32.7%
30.9%
Net income
1,604
1,359
1,171
+18.0%
Net margin
8.4%
7.2%
6.8%
Diluted EPS
$3.01
$2.55
$2.20
+18.1%
$ 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
2,556
2,124
2,376
+20.4%
Capital expenditure
287
298
511
-3.9%
Free cash flow
2,269
1,825
1,865
+24.3%
Free cash flow margin
11.9%
9.6%
10.9%
Cash from investing
n/a
n/a
-2,151
Cash from financing
n/a
n/a
274
Depreciation and amortisation
292
285
211
+2.5%
Share-based compensation
14.6
16.2
14.0
-9.9%
Buybacks
202
42.7
n/a
+372.1%
Dividends paid
680
624
283
+9.1%
Diluted shares, weighted
533m
534m
533m
-0.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
6,940
6,753
6,634
+2.8%
Debt
8,592
8,231
8,424
+4.4%
Other liabilities
5,578
5,635
5,667
-1.0%
Total liabilities and equity
21,110
20,619
20,726
+2.4%
Fixed assets
2,176
2,313
2,513
-5.9%
Goodwill
106
129
145
-17.9%
Cash and equivalents
2,016
1,738
1,750
+16.0%
Other assets
16,811
16,439
16,318
+2.3%
Total assets
21,110
20,619
20,726
+2.4%
10-K for the year ended 31 December 2015, filed 16 February 2016: the filing.