Silgan Holdings (SLGN) FY2015 results: revenue $3.8 billion, down 3.8% on the year
Silgan Holdings Inc. (SLGN) reported revenue of $3.8 billion for fiscal 2015, the year ended 31 December 2015, down 3.8% on the year before. Net income was $172 million, down 5.5%, and diluted earnings per share $1.41. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$3.8 billion
-3.8% on the year
FY2008FY2015
Operating margin
8.5%
9.2% a year earlier
FY2008FY2015
Net income
$172 million
-5.5% on the year
FY2008FY2015
Diluted EPS
$1.41
-1.7% 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
3,764
3,912
3,709
-3.8%
Cost of revenue
3,210
3,312
3,161
-3.1%
Gross profit
554
600
547
-7.6%
Gross margin
14.7%
15.3%
14.8%
Selling, general and administrative
220
224
211
-2.0%
Operating income
320
361
324
-11.4%
Operating margin
8.5%
9.2%
8.7%
Interest expense
66.9
74.8
67.4
-10.6%
Pre-tax income
253
285
255
-11.1%
Income tax
80.5
102
69.3
-21.2%
Effective tax rate
31.8%
35.9%
27.2%
Net income
172
182
185
-5.5%
Net margin
4.6%
4.7%
5.0%
Diluted EPS
$1.41
$1.43
$1.44
-1.7%
$ 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
335
348
351
-3.7%
Capital expenditure
237
140
103
+69.0%
Free cash flow
98.1
208
248
-52.8%
Free cash flow margin
2.6%
5.3%
6.7%
Cash from investing
-237
-157
-376
Cash from financing
-221
-129
-279
Depreciation and amortisation
142
148
168
-4.0%
Share-based compensation
12.1
12.4
10.0
-2.8%
Buybacks
173
24.7
268
+601.5%
Dividends paid
39.7
38.6
36.2
+2.9%
Dividend per share
$0.32
$0.30
$0.28
+6.7%
Diluted shares, weighted
123m
127m
129m
-3.8%
Shares outstanding at period end
121m
126m
127m
-4.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
639
710
714
-10.0%
Debt
1,526
1,599
1,704
-4.6%
Other liabilities
1,028
965
903
+6.5%
Total liabilities and equity
3,193
3,274
3,321
-2.5%
Fixed assets
1,125
1,064
1,118
+5.8%
Goodwill
613
630
651
-2.8%
Intangible assets
195
212
229
-7.9%
Cash and equivalents
99.9
223
160
-55.1%
Receivables
281
311
333
-9.6%
Inventory
628
549
516
+14.5%
Other assets
250
286
313
-12.6%
Total assets
3,193
3,274
3,321
-2.5%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.