Snap-on (SNA) FY2015 results: revenue $3.6 billion, up 2.9% on the year
Snap-on Inc. (SNA) reported revenue of $3.6 billion for fiscal 2015, the year ended 2 January 2016, up 2.9% on the year before. Net income was $479 million, up 13.5%, and diluted earnings per share $8.10. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2016.
Revenue
$3.6 billion
+2.9% on the year
FY2008FY2015
Operating margin
21.3%
19.6% a year earlier
FY2008FY2015
Net income
$479 million
+13.5% on the year
FY2008FY2015
Diluted EPS
$8.10
+13.4% 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
3,593
3,493
3,238
+2.9%
Cost of revenue
1,704
1,693
1,584
+0.7%
Research and development
49.3
52.4
48.4
-5.9%
Operating income
765
685
586
+11.7%
Operating margin
21.3%
19.6%
18.1%
Interest expense
51.9
52.9
56.1
-1.9%
Pre-tax income
710
631
526
+12.6%
Income tax
221
200
167
+10.9%
Effective tax rate
31.1%
31.6%
31.7%
Net income
479
422
350
+13.5%
Net margin
13.3%
12.1%
10.8%
Diluted EPS
$8.10
$7.14
$5.93
+13.4%
$ 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
n/a
403
393
Capital expenditure
80.4
80.6
70.6
-0.2%
Free cash flow
n/a
322
322
Free cash flow margin
n/a
9.2%
9.9%
Cash from investing
n/a
n/a
-250
Cash from financing
n/a
n/a
-138
Depreciation and amortisation
82.5
79.5
76.7
+3.8%
Share-based compensation
39.8
38.1
38.5
+4.5%
Buybacks
110
79.3
82.6
+39.2%
Dividends paid
128
108
92.0
+18.9%
Dividend per share
$2.20
$1.85
$1.58
+18.9%
Diluted shares, weighted
59m
59m
59m
0.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,413
2,208
2,113
+9.3%
Non-controlling interest
18.0
17.5
17.2
+2.9%
Debt
880
919
972
-4.3%
Other liabilities
1,020
1,166
1,008
-12.5%
Total liabilities and equity
4,331
4,310
4,110
+0.5%
Fixed assets
414
404
392
+2.2%
Goodwill
790
811
839
-2.5%
Intangible assets
195
203
190
-4.1%
Cash and equivalents
92.8
133
218
-30.2%
Receivables
562
551
532
+2.1%
Inventory
498
476
434
+4.7%
Other assets
1,779
1,732
1,505
+2.7%
Total assets
4,331
4,310
4,110
+0.5%
10-K for the year ended 2 January 2016, filed 11 February 2016: the filing.