Sally Beauty Holdings (SBH) FY2015 results: revenue $3.8 billion, up 2.2% on the year
Sally Beauty Holdings, Inc. (SBH) reported revenue of $3.8 billion for fiscal 2015, the year ended 30 September 2015, up 2.2% on the year before. Net income was $235 million, down 4.4%, and diluted earnings per share $1.49. The figures are the company's own, from the 10-K it filed with the SEC on 12 November 2015.
Revenue
$3.8 billion
+2.2% on the year
FY2008FY2015
Operating margin
12.9%
13.5% a year earlier
FY2008FY2015
Net income
$235 million
-4.4% on the year
FY2008FY2015
Diluted EPS
$1.49
-1.3% 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
3,834
3,753
3,622
+2.2%
Cost of revenue
1,936
1,893
1,827
+2.3%
Gross profit
1,898
1,860
1,795
+2.0%
Gross margin
49.5%
49.6%
49.6%
Selling, general and administrative
1,313
1,274
1,203
+3.1%
Operating income
495
507
520
-2.3%
Operating margin
12.9%
13.5%
14.4%
Interest expense
117
116
108
+0.5%
Pre-tax income
378
391
413
-3.1%
Income tax
143
145
152
-0.9%
Effective tax rate
37.9%
37.0%
36.7%
Net income
235
246
261
-4.4%
Net margin
6.1%
6.6%
7.2%
Diluted EPS
$1.49
$1.51
$1.48
-1.3%
$ 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
301
316
310
-4.8%
Capital expenditure
106
76.6
84.8
+38.9%
Free cash flow
194
239
226
-18.8%
Free cash flow margin
5.1%
6.4%
6.2%
Cash from investing
-113
n/a
n/a
Cash from financing
-152
n/a
n/a
Depreciation and amortisation
89.4
79.7
72.2
+12.2%
Share-based compensation
16.8
22.1
19.2
-24.1%
Buybacks
228
333
510
-31.7%
Diluted shares, weighted
158m
163m
176m
-3.2%
Shares outstanding at period end
151m
155m
164m
-2.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-298
-347
-303
Debt
1,800
1,800
1,686
-0.0%
Other liabilities
592
551
542
+7.4%
Total liabilities and equity
2,094
2,004
1,924
+4.5%
Fixed assets
271
238
230
+13.7%
Goodwill
524
536
538
-2.2%
Intangible assets
98.8
115
130
-13.9%
Cash and equivalents
140
107
47.1
+31.4%
Receivables
48.6
51.8
57.0
-6.2%
Inventory
885
828
808
+6.9%
Other assets
126
128
114
-1.5%
Total assets
2,094
2,004
1,924
+4.5%
10-K for the year ended 30 September 2015, filed 12 November 2015: the filing.