Seagate Technology Holdings (STX) FY2015 results: revenue $13.7 billion, up 0.1% on the year
Seagate Technology Holdings plc (STX) reported revenue of $13.7 billion for fiscal 2015, the year ended 3 July 2015, up 0.1% on the year before. Net income was $1.7 billion, up 11.0%, and diluted earnings per share $5.26. The figures are the company's own, from the 10-K it filed with the SEC on 12 August 2015.
Revenue
$13.7 billion
+0.1% on the year
FY2009FY2015
Operating margin
15.0%
12.9% a year earlier
FY2009FY2015
Net income
$1.7 billion
+11.0% on the year
FY2009FY2015
Diluted EPS
$5.26
+16.4% on the year
FY2009FY2015
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
13,739
13,724
14,351
+0.1%
Cost of revenue
9,930
9,878
10,411
+0.5%
Gross profit
3,809
3,846
3,940
-1.0%
Gross margin
27.7%
28.0%
27.5%
Research and development
1,353
1,226
1,133
+10.4%
Selling, general and administrative
857
722
635
+18.7%
Operating income
2,058
1,776
2,091
+15.9%
Operating margin
15.0%
12.9%
14.6%
Interest expense
207
195
214
+6.2%
Pre-tax income
1,970
1,556
1,831
+26.6%
Income tax
228
-14.0
-7.0
Effective tax rate
11.6%
-0.9%
-0.4%
Net income
1,742
1,570
1,838
+11.0%
Net margin
12.7%
11.4%
12.8%
Diluted EPS
$5.26
$4.52
$4.81
+16.4%
$ 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
2,647
2,558
3,047
+3.5%
Capital expenditure
747
559
786
+33.6%
Free cash flow
1,900
1,999
2,261
-5.0%
Free cash flow margin
13.8%
14.6%
15.8%
Cash from investing
-1,287
-322
-825
Cash from financing
-1,495
-1,311
-2,222
Depreciation and amortisation
841
879
873
-4.3%
Share-based compensation
137
118
76.0
+16.1%
Buybacks
1,087
1,912
1,654
-43.1%
Dividends paid
664
557
518
+19.2%
Dividend per share
$2.05
$1.67
$1.40
+22.8%
Diluted shares, weighted
331m
347m
382m
-4.6%
Shares outstanding at period end
315m
327m
359m
-3.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,018
2,832
3,495
+6.6%
Non-controlling interest
0.0
0.0
11.0
Debt
4,158
3,920
2,777
+6.1%
Other liabilities
2,669
2,740
2,960
-2.6%
Total liabilities and equity
9,845
9,492
9,243
+3.7%
Fixed assets
2,278
2,136
2,269
+6.6%
Goodwill
874
537
476
+62.8%
Intangible assets
370
359
405
+3.1%
Investments
6.0
20.0
495
-70.0%
Trading assets
n/a
0.0
79.0
Cash and equivalents
2,479
2,634
1,708
-5.9%
Receivables
1,735
1,729
1,670
+0.3%
Inventory
993
985
854
+0.8%
Other assets
1,110
1,092
1,287
+1.6%
Total assets
9,845
9,492
9,243
+3.7%
10-K for the year ended 3 July 2015, filed 12 August 2015: the filing.