Ralph Lauren (RL) FY2016 results: revenue $7.4 billion, down 2.8% on the year
Ralph Lauren Corp. (RL) reported revenue of $7.4 billion for fiscal 2016, the year ended 2 April 2016, down 2.8% on the year before. Net income was $396 million, down 43.6%, and diluted earnings per share $4.62. The figures are the company's own, from the 10-K it filed with the SEC on 19 May 2016.
Revenue
$7.4 billion
-2.8% on the year
FY2009FY2016
Operating margin
7.9%
13.6% a year earlier
FY2009FY2016
Net income
$396 million
-43.6% on the year
FY2009FY2016
Diluted EPS
$4.62
-41.4% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
7,405
7,620
7,450
-2.8%
Cost of revenue
3,218
3,242
3,140
-0.7%
Gross profit
4,187
4,378
4,310
-4.4%
Gross margin
56.5%
57.5%
57.9%
Selling, general and administrative
3,412
3,301
3,142
+3.4%
Operating income
582
1,035
1,130
-43.8%
Operating margin
7.9%
13.6%
15.2%
Interest expense
21.0
16.7
20.0
+25.7%
Pre-tax income
552
987
1,096
-44.1%
Income tax
155
285
320
-45.5%
Effective tax rate
28.2%
28.9%
29.2%
Net income
396
702
776
-43.6%
Net margin
5.3%
9.2%
10.4%
Diluted EPS
$4.62
$7.88
$8.43
-41.4%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,017
894
907
+13.7%
Capital expenditure
418
391
390
+6.9%
Free cash flow
599
503
517
+19.0%
Free cash flow margin
8.1%
6.6%
6.9%
Cash from investing
-576
-689
-488
Cash from financing
-483
-421
-599
Depreciation and amortisation
310
294
258
+5.4%
Share-based compensation
97.0
80.5
93.0
+20.5%
Buybacks
500
532
558
-6.0%
Dividends paid
170
158
149
+7.6%
Dividend per share
$2.00
$1.85
$1.70
+8.1%
Diluted shares, weighted
86m
89m
92m
-3.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
3,744
3,891
4,034
-3.8%
Debt
713
532
298
+34.0%
Other liabilities
1,756
1,683
1,758
+4.3%
Total liabilities and equity
6,213
6,106
6,090
+1.8%
Fixed assets
1,583
1,436
1,322
+10.2%
Goodwill
918
903
964
+1.7%
Intangible assets
244
267
299
-8.6%
Investments
629
652
490
-3.5%
Cash and equivalents
456
500
797
-8.8%
Receivables
517
655
588
-21.1%
Inventory
1,125
1,042
1,020
+8.0%
Other assets
741
651
610
+13.8%
Total assets
6,213
6,106
6,090
+1.8%
10-K for the year ended 2 April 2016, filed 19 May 2016: the filing.