Procter & Gamble (PG) FY2015 results: revenue $70.7 billion, down 4.9% on the year
Procter & Gamble Co. (PG) reported revenue of $70.7 billion for fiscal 2015, the year ended 30 June 2015, down 4.9% on the year before. Net income was $7.0 billion, down 39.6%, and diluted earnings per share $2.44. The figures are the company's own, from the 10-K it filed with the SEC on 7 August 2015.
Revenue
$70.7 billion
-4.9% on the year
FY2008FY2015
Operating margin
15.6%
18.7% a year earlier
FY2008FY2015
Net income
$7.0 billion
-39.6% on the year
FY2008FY2015
Diluted EPS
$2.44
-39.2% 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
70,749
74,401
73,910
-4.9%
Cost of revenue
37,056
39,030
38,052
-5.1%
Gross profit
33,693
35,371
35,858
-4.7%
Gross margin
47.6%
47.5%
48.5%
Research and development
2,000
1,900
1,900
+5.3%
Selling, general and administrative
20,616
21,461
22,499
-3.9%
Operating income
11,049
13,910
13,051
-20.6%
Operating margin
15.6%
18.7%
17.7%
Interest expense
626
709
667
-11.7%
Income tax
2,725
2,851
3,062
-4.4%
Net income
7,036
11,643
11,312
-39.6%
Net margin
9.9%
15.6%
15.3%
Diluted EPS
$2.44
$4.01
$3.86
-39.2%
$ 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
14,608
13,958
14,873
+4.7%
Capital expenditure
3,736
3,848
4,008
-2.9%
Free cash flow
10,872
10,110
10,865
+7.5%
Free cash flow margin
15.4%
13.6%
14.7%
Cash from investing
-2,891
-4,107
-6,312
Cash from financing
-13,019
-7,279
-7,071
Depreciation and amortisation
3,134
3,141
2,982
-0.2%
Share-based compensation
337
360
346
-6.4%
Buybacks
4,604
6,005
5,986
-23.3%
Dividends paid
7,287
6,911
6,519
+5.4%
Dividend per share
$2.59
$2.45
$2.29
+5.7%
Diluted shares, weighted
2,884m
2,905m
2,931m
-0.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
63,050
69,976
68,709
-9.9%
Debt
30,345
35,417
31,543
-14.3%
Other liabilities
36,100
38,873
39,011
-7.1%
Total liabilities and equity
129,495
144,266
139,263
-10.2%
Fixed assets
19,655
21,607
21,666
-9.0%
Goodwill
44,622
50,729
52,284
-12.0%
Intangible assets
25,010
28,729
31,572
-12.9%
Investments
4,767
2,128
0.0
+124.0%
Cash and equivalents
6,845
8,558
5,930
-20.0%
Receivables
4,568
6,034
6,508
-24.3%
Inventory
4,979
6,206
6,909
-19.8%
Other assets
19,049
20,275
14,394
-6.0%
Total assets
129,495
144,266
139,263
-10.2%
10-K for the year ended 30 June 2015, filed 7 August 2015: the filing.