Somnigroup International (SGI) FY2015 results: revenue $3.2 billion, up 5.4% on the year
Somnigroup International Inc. (SGI) reported revenue of $3.2 billion for fiscal 2015, the year ended 31 December 2015, up 5.4% on the year before. Net income was $64 million, down 40.8%, and diluted earnings per share $0.26. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2016.
Revenue
$3.2 billion
+5.4% on the year
FY2008FY2015
Operating margin
9.7%
9.2% a year earlier
FY2008FY2015
Net income
$64 million
-40.8% on the year
FY2008FY2015
Diluted EPS
$0.26
-41.1% 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
3,151
2,990
2,464
+5.4%
Cost of revenue
1,902
1,839
1,449
+3.4%
Gross profit
1,249
1,150
1,015
+8.6%
Gross margin
39.6%
38.5%
41.2%
Research and development
28.7
21.6
21.0
+32.9%
Operating income
306
276
244
+10.9%
Operating margin
9.7%
9.2%
9.9%
Interest expense
102
91.9
111
+11.5%
Pre-tax income
200
175
128
+14.4%
Income tax
125
64.9
49.1
+93.2%
Effective tax rate
62.7%
37.1%
38.4%
Net income
64.5
109
78.6
-40.8%
Net margin
2.0%
3.6%
3.2%
Diluted EPS
$0.26
$0.44
$0.32
-41.1%
$ 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
234
225
98.5
+4.0%
Capital expenditure
65.9
47.5
40.0
+38.7%
Free cash flow
168
178
58.5
-5.3%
Free cash flow margin
5.3%
5.9%
2.4%
Cash from investing
-59.7
-10.4
-1,213
Cash from financing
-90.7
-238
1,013
Depreciation and amortisation
93.9
89.7
91.5
+4.7%
Share-based compensation
22.5
13.4
16.9
+67.9%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
250m
248m
246m
+0.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
290
203
119
+43.2%
Non-controlling interest
0.0
n/a
n/a
Redeemable equity
12.4
12.6
11.5
-1.6%
Debt
1,455
1,565
1,836
-7.0%
Other liabilities
898
803
763
+11.9%
Total liabilities and equity
2,656
2,583
2,730
+2.8%
Fixed assets
362
356
412
+1.7%
Goodwill
709
736
760
-3.7%
Intangible assets
695
727
750
-4.4%
Cash and equivalents
154
62.5
81.0
+146.2%
Receivables
379
386
349
-1.7%
Inventory
199
217
199
-8.3%
Other assets
156
98.0
179
+59.7%
Total assets
2,656
2,583
2,730
+2.8%
10-K for the year ended 31 December 2015, filed 12 February 2016: the filing.