S&P Global (SPGI) FY2015 results: revenue $5.3 billion, up 5.2% on the year
S&P Global Inc. (SPGI) reported revenue of $5.3 billion for fiscal 2015, the year ended 31 December 2015, up 5.2% on the year before. Net income was $1.2 billion, and diluted earnings per share $4.21. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2016.
Revenue
$5.3 billion
+5.2% on the year
FY2008FY2015
Operating margin
36.1%
2.2% a year earlier
FY2008FY2015
Net income
$1.2 billion
FY2008FY2015
Diluted EPS
$4.21
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
5,313
5,051
4,702
+5.2%
Cost of revenue
1,718
1,651
1,564
+4.1%
Gross profit
3,595
3,400
3,138
+5.7%
Gross margin
67.7%
67.3%
66.7%
Selling, general and administrative
1,532
3,144
1,631
-51.3%
Operating income
1,917
113
1,358
+1,596.5%
Operating margin
36.1%
2.2%
28.9%
Interest expense
102
59.0
59.0
+72.9%
Pre-tax income
1,815
54.0
1,299
+3,261.1%
Income tax
547
245
425
+123.3%
Effective tax rate
30.1%
453.7%
32.7%
Net income
1,156
-115
1,376
Net margin
21.8%
-2.3%
29.3%
Diluted EPS
$4.21
-$0.42
$4.91
$ 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
356
1,209
782
-70.6%
Capital expenditure
139
92.0
117
+51.1%
Free cash flow
217
1,117
665
-80.6%
Free cash flow margin
4.1%
22.1%
14.1%
Cash from investing
-2,525
-65.0
-130
Cash from financing
1,349
-462
-1,743
Depreciation and amortisation
157
134
137
+17.2%
Share-based compensation
78.0
100
96.0
-22.0%
Buybacks
974
362
978
+169.1%
Dividends paid
363
326
308
+11.3%
Dividend per share
$1.32
$1.20
$1.12
+10.0%
Diluted shares, weighted
275m
272m
280m
+1.1%
Shares outstanding at period end
265m
272m
270m
-2.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
194
488
1,301
-60.2%
Non-controlling interest
49.0
51.0
43.0
-3.9%
Redeemable equity
920
810
810
+13.6%
Debt
3,611
799
799
+351.9%
Other liabilities
3,409
4,623
3,108
-26.3%
Total liabilities and equity
8,183
6,771
6,061
+20.9%
Fixed assets
270
206
249
+31.1%
Goodwill
2,882
1,387
1,409
+107.8%
Intangible assets
1,522
1,004
1,033
+51.6%
Investments
6.0
3.0
18.0
+100.0%
Cash and equivalents
1,481
2,497
1,542
-40.7%
Receivables
991
932
949
+6.3%
Other assets
1,031
742
861
+38.9%
Total assets
8,183
6,771
6,061
+20.9%
10-K for the year ended 31 December 2015, filed 12 February 2016: the filing.