Revvity (RVTY) FY2015 results: revenue $2.1 billion, up 1.7% on the year
Revvity, Inc. (RVTY) reported revenue of $2.1 billion for fiscal 2015, the year ended 3 January 2016, up 1.7% on the year before. Net income was $212 million, up 34.6%, and diluted earnings per share $1.87. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2016.
Revenue
$2.1 billion
+1.7% on the year
FY2008FY2015
Operating margin
11.9%
8.0% a year earlier
FY2008FY2015
Net income
$212 million
+34.6% on the year
FY2008FY2015
Diluted EPS
$1.87
+34.5% 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
2,105
2,070
2,158
+1.7%
Cost of revenue
1,141
1,135
1,181
+0.5%
Gross profit
964
935
977
+3.2%
Gross margin
45.8%
45.2%
45.3%
Research and development
113
108
132
+4.1%
Selling, general and administrative
587
648
582
-9.4%
Operating income
251
165
228
+52.1%
Operating margin
11.9%
8.0%
10.6%
Interest expense
38.0
36.3
49.9
+4.8%
Pre-tax income
209
124
164
+68.6%
Income tax
20.0
-6.3
-10.6
Effective tax rate
9.6%
-5.1%
-6.5%
Net income
212
158
167
+34.6%
Net margin
10.1%
7.6%
7.7%
Diluted EPS
$1.87
$1.39
$1.47
+34.5%
$ 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
287
282
159
+2.0%
Capital expenditure
28.2
27.2
39.0
+3.9%
Free cash flow
259
254
120
+1.7%
Free cash flow margin
12.3%
12.3%
5.5%
Cash from investing
-101
-296
-1.2
Cash from financing
-107
30.9
-154
Depreciation and amortisation
105
110
127
-4.6%
Share-based compensation
17.3
14.1
14.1
+22.9%
Buybacks
76.4
65.5
127
+16.6%
Dividends paid
31.6
31.6
31.6
-0.2%
Dividend per share
$0.28
$0.28
$0.28
0.0%
Diluted shares, weighted
113m
114m
114m
-0.4%
Shares outstanding at period end
112m
112m
113m
-0.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,110
2,042
1,994
+3.3%
Debt
1,013
1,053
935
-3.8%
Other liabilities
1,043
1,039
1,017
+0.4%
Total liabilities and equity
4,166
4,134
3,947
+0.8%
Fixed assets
138
176
183
-21.9%
Goodwill
2,237
2,244
2,143
-0.3%
Intangible assets
486
490
460
-0.9%
Investments
1.6
1.6
1.3
+1.1%
Cash and equivalents
238
175
175
+36.1%
Receivables
415
471
467
-11.8%
Inventory
259
285
261
-9.1%
Other assets
392
291
256
+34.7%
Total assets
4,166
4,134
3,947
+0.8%
10-K for the year ended 3 January 2016, filed 1 March 2016: the filing.