Primerica (PRI) FY2015 results: revenue $1.4 billion, up 5.1% on the year
Primerica, Inc. (PRI) reported revenue of $1.4 billion for fiscal 2015, the year ended 31 December 2015, up 5.1% on the year before. Net income was $190 million, up 4.7%, and diluted earnings per share $3.70. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$1.4 billion
+5.1% on the year
FY2009FY2015
Operating margin
20.7%
20.6% a year earlier
FY2009FY2015
Net income
$190 million
+4.7% on the year
FY2009FY2015
Diluted EPS
$3.70
+12.5% on the year
FY2009FY2015
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
1,405
1,337
1,229
+5.1%
Operating income
291
276
245
+5.5%
Operating margin
20.7%
20.6%
19.9%
Interest expense
33.5
34.6
35.0
-3.1%
Pre-tax income
291
276
245
+5.5%
Income tax
101
95.9
86.3
+5.4%
Effective tax rate
34.7%
34.8%
35.2%
Net income
190
181
160
+4.7%
Net margin
13.5%
13.6%
13.0%
Diluted EPS
$3.70
$3.29
$2.83
+12.5%
$ 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
259
238
188
+9.0%
Cash from investing
-58.5
-15.6
35.5
Cash from financing
-235
-176
-185
Depreciation and amortisation
11.0
12.3
10.8
-10.3%
Share-based compensation
14.9
18.0
13.8
-16.9%
Buybacks
200
148
86.3
+35.3%
Dividends paid
32.8
26.5
25.1
+23.7%
Dividend per share
$0.64
$0.48
$0.44
+33.3%
Diluted shares, weighted
51m
55m
57m
-6.7%
Shares outstanding at period end
48m
52m
55m
-7.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,146
1,245
1,222
-8.0%
Debt
373
375
374
-0.5%
Other liabilities
9,094
9,118
8,733
-0.3%
Total liabilities and equity
10,612
10,738
10,330
-1.2%
Fixed assets
29.4
26.5
25.1
+11.1%
Intangible assets
58.3
61.7
68.9
-5.5%
Securities held for sale or to maturity
2,097
1,979
1,756
+5.9%
Trading assets
5.4
7.7
13.0
-30.5%
Cash and equivalents
152
192
149
-20.7%
Other assets
8,270
8,471
8,318
-2.4%
Total assets
10,612
10,738
10,330
-1.2%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.