Phillips 66 (PSX) FY2015 results: revenue $99.0 billion, down 38.6% on the year
Phillips 66 (PSX) reported revenue of $99.0 billion for fiscal 2015, the year ended 31 December 2015, down 38.6% on the year before. Net income was $4.2 billion, down 11.2%, and diluted earnings per share $7.73. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$99.0 billion
-38.6% on the year
FY2010FY2015
Operating margin
n/a
FY2010FY2015
Net income
$4.2 billion
-11.2% on the year
FY2010FY2015
Diluted EPS
$7.73
-7.2% on the year
FY2010FY2015
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
98,975
161,212
171,596
-38.6%
Research and development
65.0
62.0
69.0
+4.8%
Selling, general and administrative
1,670
1,663
1,478
+0.4%
Pre-tax income
6,044
5,745
5,526
+5.2%
Income tax
1,764
1,654
1,844
+6.7%
Effective tax rate
29.2%
28.8%
33.4%
Net income
4,227
4,762
3,726
-11.2%
Net margin
4.3%
3.0%
2.2%
Diluted EPS
$7.73
$8.33
$6.02
-7.2%
$ 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
5,713
3,529
6,027
+61.9%
Cash from investing
-5,738
-2,296
-444
Cash from financing
-2,117
-1,362
-3,679
Depreciation and amortisation
1,078
995
947
+8.3%
Share-based compensation
144
134
132
+7.5%
Buybacks
1,512
2,282
2,246
-33.7%
Dividends paid
1,172
1,062
807
+10.4%
Dividend per share
$2.18
$1.89
$1.33
+15.3%
Diluted shares, weighted
547m
572m
619m
-4.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
23,100
21,590
21,950
+7.0%
Non-controlling interest
838
447
442
+87.5%
Debt
8,843
8,635
6,131
+2.4%
Other liabilities
15,799
18,069
21,275
-12.6%
Total liabilities and equity
48,580
48,741
49,798
-0.3%
Fixed assets
19,721
17,346
15,398
+13.7%
Goodwill
3,275
3,274
3,096
+0.0%
Intangible assets
906
900
698
+0.7%
Cash and equivalents
3,074
5,207
5,400
-41.0%
Receivables
n/a
2.0
n/a
Inventory
3,477
3,397
3,354
+2.4%
Other assets
18,127
18,615
21,852
-2.6%
Total assets
48,580
48,741
49,798
-0.3%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.