ROSS Stores (ROST) FY2015 results: revenue $11.9 billion, up 8.1% on the year
ROSS Stores, Inc. (ROST) reported revenue of $11.9 billion for fiscal 2015, the year ended 30 January 2016, up 8.1% on the year before. Net income was $1.0 billion, up 10.4%, and diluted earnings per share $2.51. The figures are the company's own, from the 10-K it filed with the SEC on 29 March 2016.
Revenue
$11.9 billion
+8.1% on the year
FY2008FY2015
Operating margin
13.5%
13.5% a year earlier
FY2008FY2015
Net income
$1.0 billion
+10.4% on the year
FY2008FY2015
Diluted EPS
$2.51
+13.6% 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
11,940
11,042
10,230
+8.1%
Cost of revenue
8,577
7,938
7,361
+8.0%
Gross profit
3,363
3,104
2,869
+8.4%
Gross margin
28.2%
28.1%
28.0%
Selling, general and administrative
1,739
1,615
1,526
+7.6%
Operating income
1,612
1,485
1,343
+8.5%
Operating margin
13.5%
13.5%
13.1%
Interest expense
18.6
13.0
9.7
+42.9%
Pre-tax income
1,612
1,485
1,343
+8.5%
Income tax
591
561
506
+5.4%
Effective tax rate
36.7%
37.7%
37.7%
Net income
1,021
925
837
+10.4%
Net margin
8.5%
8.4%
8.2%
Diluted EPS
$2.51
$2.21
$1.94
+13.6%
$ 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
1,326
1,373
1,022
-3.4%
Capital expenditure
367
647
551
-43.3%
Free cash flow
959
726
471
+32.1%
Free cash flow margin
8.0%
6.6%
4.6%
Cash from investing
-363
-639
-564
Cash from financing
-899
-460
-682
Depreciation and amortisation
275
233
206
+18.0%
Share-based compensation
70.9
53.0
46.8
+33.8%
Buybacks
700
550
550
+27.3%
Dividends paid
192
168
148
+14.2%
Dividend per share
$0.47
$0.40
$0.26
+17.5%
Diluted shares, weighted
406m
418m
432m
-2.8%
Shares outstanding at period end
402m
415m
427m
-3.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,472
2,279
2,007
+8.5%
Debt
396
396
150
+0.1%
Other liabilities
2,001
2,013
1,739
-0.6%
Total liabilities and equity
4,869
4,687
3,897
+3.9%
Fixed assets
2,343
2,274
1,875
+3.0%
Goodwill
n/a
2.9
2.9
Investments
3.1
3.6
15.7
-15.0%
Cash and equivalents
762
697
423
+9.3%
Receivables
73.6
73.3
62.6
+0.5%
Inventory
1,419
1,373
1,257
+3.4%
Other assets
269
265
260
+1.6%
Total assets
4,869
4,687
3,897
+3.9%
10-K for the year ended 30 January 2016, filed 29 March 2016: the filing.