Constellation Brands (STZ) FY2015 results: revenue $6.7 billion, up 23.3% on the year
Constellation Brands, Inc. (STZ) reported revenue of $6.7 billion for fiscal 2015, the year ended 28 February 2015, up 23.3% on the year before. Net income was $839 million, down 56.8%. The figures are the company's own, from the 10-K it filed with the SEC on 28 April 2015.
Revenue
$6.7 billion
+23.3% on the year
FY2009FY2015
Operating margin
22.5%
45.1% a year earlier
FY2009FY2015
Net income
$839 million
-56.8% on the year
FY2009FY2015
Diluted EPS
n/a
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
6,672
5,411
3,171
+23.3%
Cost of revenue
3,449
2,876
1,688
+19.9%
Gross profit
2,579
1,992
1,108
+29.5%
Gross margin
38.6%
36.8%
34.9%
Selling, general and administrative
1,078
895
585
+20.5%
Operating income
1,500
2,438
523
-38.5%
Operating margin
22.5%
45.1%
16.5%
Interest expense
339
331
234
+2.5%
Pre-tax income
1,180
2,202
516
-46.4%
Income tax
343
259
129
+32.5%
Effective tax rate
29.1%
11.8%
24.9%
Net income
839
1,943
388
-56.8%
Net margin
12.6%
35.9%
12.2%
$ 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
1,081
826
556
+30.8%
Capital expenditure
719
224
62.1
+221.9%
Free cash flow
362
603
494
-40.0%
Free cash flow margin
5.4%
11.1%
15.6%
Cash from investing
-1,016
-4,864
-207
Cash from financing
-16.4
3,777
-98.7
Depreciation and amortisation
202
155
115
+30.1%
Share-based compensation
55.0
49.9
40.8
+10.2%
Buybacks
0.0
0.0
383
Dividends paid
0.0
0.0
n/a
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
5,771
4,981
2,860
+15.8%
Non-controlling interest
111
n/a
n/a
Debt
7,244
6,963
3,305
+4.0%
Other liabilities
1,968
2,358
1,472
-16.5%
Total liabilities and equity
15,093
14,302
7,638
+5.5%
Fixed assets
2,682
2,014
1,229
+33.1%
Goodwill
6,208
6,147
2,722
+1.0%
Intangible assets
3,181
3,231
871
-1.6%
Investments
n/a
n/a
34.2
Cash and equivalents
110
63.9
332
+72.3%
Receivables
599
626
472
-4.4%
Inventory
1,827
1,744
1,481
+4.8%
Other assets
486
476
497
+2.1%
Total assets
15,093
14,302
7,638
+5.5%
10-K for the year ended 28 February 2015, filed 28 April 2015: the filing.