Pentair (PNR) FY2015 results: revenue $4.6 billion, down 1.1% on the year
Pentair plc (PNR) reported revenue of $4.6 billion for fiscal 2015, the year ended 31 December 2015, down 1.1% on the year before. Net income was -$76 million, and diluted earnings per share $-0.42. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$4.6 billion
-1.1% on the year
FY2008FY2015
Operating margin
13.3%
11.5% a year earlier
FY2008FY2015
Net income
-$76 million
FY2008FY2015
Diluted EPS
-$0.42
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
4,616
4,667
7,000
-1.1%
Cost of revenue
3,018
3,046
4,630
-0.9%
Gross profit
1,599
1,620
2,370
-1.3%
Gross margin
34.6%
34.7%
33.9%
Research and development
98.7
96.4
123
+2.4%
Selling, general and administrative
884
986
1,494
-10.3%
Operating income
616
538
743
+14.4%
Operating margin
13.3%
11.5%
10.6%
Interest expense
107
70.9
75.3
+50.4%
Pre-tax income
512
471
694
+8.8%
Income tax
115
114
177
+1.0%
Effective tax rate
22.5%
24.3%
25.5%
Net income
-76.4
215
537
Net margin
-1.7%
4.6%
7.7%
Diluted EPS
-$0.42
$1.11
$2.62
$ 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
739
1,008
928
-26.7%
Capital expenditure
91.3
83.7
170
+9.1%
Free cash flow
648
925
758
-29.9%
Free cash flow margin
14.0%
19.8%
10.8%
Cash from investing
-1,966
-128
-211
Cash from financing
1,286
-995
-719
Depreciation and amortisation
261
253
275
+3.2%
Share-based compensation
33.0
33.6
31.1
-1.8%
Buybacks
200
1,150
716
-82.6%
Dividends paid
232
211
194
+9.6%
Dividend per share
$1.28
$1.10
$0.96
+16.4%
Diluted shares, weighted
183m
194m
205m
-5.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
4,009
4,664
6,095
-14.0%
Non-controlling interest
n/a
0.0
122
Debt
4,686
3,004
2,555
+56.0%
Other liabilities
3,162
2,987
2,970
+5.9%
Total liabilities and equity
11,857
10,655
11,743
+11.3%
Fixed assets
540
510
1,044
+5.9%
Goodwill
4,259
3,230
4,861
+31.8%
Intangible assets
1,747
1,608
1,750
+8.7%
Cash and equivalents
104
104
256
0.0%
Inventory
565
1,130
1,195
-50.0%
Other assets
4,642
4,073
2,637
+14.0%
Total assets
11,857
10,655
11,743
+11.3%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.