Ralph Lauren (RL) FY2015 results: revenue $7.6 billion, up 2.3% on the year
Ralph Lauren Corp. (RL) reported revenue of $7.6 billion for fiscal 2015, the year ended 28 March 2015, up 2.3% on the year before. Net income was $702 million, down 9.5%, and diluted earnings per share $7.88. The figures are the company's own, from the 10-K it filed with the SEC on 15 May 2015.
Revenue
$7.6 billion
+2.3% on the year
FY2009FY2015
Operating margin
13.6%
15.2% a year earlier
FY2009FY2015
Net income
$702 million
-9.5% on the year
FY2009FY2015
Diluted EPS
$7.88
-6.5% 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
7,620
7,450
6,945
+2.3%
Cost of revenue
3,242
3,140
2,789
+3.2%
Gross profit
4,378
4,310
4,156
+1.6%
Gross margin
57.5%
57.9%
59.8%
Selling, general and administrative
3,301
3,142
2,972
+5.1%
Operating income
1,035
1,130
1,127
-8.4%
Operating margin
13.6%
15.2%
16.2%
Interest expense
16.7
20.0
22.0
-16.5%
Pre-tax income
987
1,096
1,089
-9.9%
Income tax
285
320
339
-10.9%
Effective tax rate
28.9%
29.2%
31.1%
Net income
702
776
750
-9.5%
Net margin
9.2%
10.4%
10.8%
Diluted EPS
$7.88
$8.43
$8.00
-6.5%
$ 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
894
907
1,019
-1.4%
Capital expenditure
391
390
276
+0.3%
Free cash flow
503
517
742
-2.7%
Free cash flow margin
6.6%
6.9%
10.7%
Cash from investing
-689
-488
-113
Cash from financing
-421
-599
-595
Depreciation and amortisation
294
258
233
+14.0%
Share-based compensation
80.5
93.0
88.0
-13.4%
Buybacks
532
558
497
-4.7%
Dividends paid
158
149
128
+6.0%
Dividend per share
$1.85
$1.70
$1.60
+8.8%
Diluted shares, weighted
89m
92m
94m
-3.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,891
4,034
3,785
-3.5%
Debt
532
298
267
+78.5%
Other liabilities
1,683
1,758
1,367
-4.3%
Total liabilities and equity
6,106
6,090
5,418
+0.3%
Fixed assets
1,436
1,322
932
+8.6%
Goodwill
903
964
968
-6.3%
Intangible assets
267
299
328
-10.7%
Investments
652
490
406
+33.1%
Cash and equivalents
500
797
974
-37.3%
Receivables
655
588
458
+11.4%
Inventory
1,042
1,020
896
+2.2%
Other assets
651
610
456
+6.7%
Total assets
6,106
6,090
5,418
+0.3%
10-K for the year ended 28 March 2015, filed 15 May 2015: the filing.