PPL (PPL) FY2015 results: revenue $7.7 billion, down 2.3% on the year
PPL Corp. (PPL) reported revenue of $7.7 billion for fiscal 2015, the year ended 31 December 2015, down 2.3% on the year before. Net income was $680 million, down 60.9%, and diluted earnings per share $1.01. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$7.7 billion
-2.3% on the year
FY2008FY2015
Operating margin
36.9%
36.5% a year earlier
FY2008FY2015
Net income
$680 million
-60.9% on the year
FY2008FY2015
Diluted EPS
$1.01
-61.3% 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
7,669
7,852
7,263
-2.3%
Operating income
2,831
2,867
2,561
-1.3%
Operating margin
36.9%
36.5%
35.3%
Interest expense
871
843
778
+3.3%
Pre-tax income
2,068
2,129
1,728
-2.9%
Income tax
465
692
360
-32.8%
Effective tax rate
22.5%
32.5%
20.8%
Net income
680
1,737
1,130
-60.9%
Net margin
8.9%
22.1%
15.6%
Diluted EPS
$1.01
$2.61
$1.76
-61.3%
$ 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
2,615
3,403
2,857
-23.2%
Capital expenditure
3,533
3,674
3,629
-3.8%
Free cash flow
-918
-271
-772
Free cash flow margin
-12.0%
-3.5%
-10.6%
Cash from investing
-3,588
-3,329
-4,295
Cash from financing
68.0
583
1,631
-88.3%
Depreciation
883
923
843
-4.3%
Share-based compensation
31.0
64.0
51.0
-51.6%
Buybacks
0.0
0.0
74.0
Dividends paid
1,004
967
878
+3.8%
Dividend per share
$1.50
$1.49
$1.47
+0.7%
Diluted shares, weighted
673m
666m
663m
+1.0%
Shares outstanding at period end
674m
666m
630m
+1.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
9,919
13,628
12,466
-27.2%
Short-term borrowings
916
836
701
+9.6%
Debt
19,048
18,054
20,907
+5.5%
Other liabilities
9,418
16,088
12,185
-41.5%
Total liabilities and equity
39,301
48,606
46,259
-19.1%
Fixed assets
30,382
28,169
33,087
+7.9%
Goodwill
3,550
3,667
3,805
-3.2%
Intangible assets
679
668
947
+1.6%
Investments
0.0
1,105
907
Cash and equivalents
836
1,399
863
-40.2%
Receivables
673
737
923
-8.7%
Inventory
357
381
702
-6.3%
Other assets
2,824
12,480
5,025
-77.4%
Total assets
39,301
48,606
46,259
-19.1%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.