Stanley Black & Decker (SWK) FY2015 results: revenue $11.2 billion, down 1.5% on the year
Stanley Black & Decker, Inc. (SWK) reported revenue of $11.2 billion for fiscal 2015, the year ended 2 January 2016, down 1.5% on the year before. Net income was $884 million, up 16.1%, and diluted earnings per share $5.79. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$11.2 billion
-1.5% on the year
FY2008FY2015
Operating margin
15.7%
14.9% a year earlier
FY2008FY2015
Net income
$884 million
+16.1% on the year
FY2008FY2015
Diluted EPS
$5.79
+21.6% 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
11,172
11,339
10,890
-1.5%
Cost of revenue
7,100
7,236
6,986
-1.9%
Gross profit
4,072
4,103
3,904
-0.7%
Gross margin
36.4%
36.2%
35.8%
Research and development
188
175
171
+7.7%
Selling, general and administrative
2,459
2,575
2,676
-4.5%
Operating income
1,750
1,684
1,467
+3.9%
Operating margin
15.7%
14.9%
13.5%
Interest expense
180
177
160
+1.8%
Pre-tax income
1,151
1,085
587
+6.1%
Income tax
249
227
68.6
+9.5%
Effective tax rate
21.6%
20.9%
11.7%
Net income
884
761
490
+16.1%
Net margin
7.9%
6.7%
4.5%
Diluted EPS
$5.79
$4.76
$3.09
+21.6%
$ 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
1,182
1,296
868
-8.8%
Capital expenditure
311
291
340
+7.0%
Free cash flow
871
1,005
528
-13.3%
Free cash flow margin
7.8%
8.9%
4.8%
Cash from investing
-205
-382
-1,198
Cash from financing
-876
-766
156
Depreciation and amortisation
257
263
238
-2.5%
Share-based compensation
67.9
57.1
66.4
+18.9%
Buybacks
650
28.2
39.2
+2,204.3%
Dividends paid
320
321
313
-0.4%
Dividend per share
$2.14
$2.04
$0.00
+4.9%
Diluted shares, weighted
153m
160m
159m
-4.4%
Shares outstanding at period end
154m
157m
155m
-2.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
5,812
6,429
6,799
-9.6%
Non-controlling interest
47.6
82.8
81.3
-42.5%
Short-term borrowings
2.5
1.6
n/a
+56.2%
Debt
3,842
3,846
4,202
-0.1%
Other liabilities
5,424
5,444
5,453
-0.4%
Total liabilities and equity
15,128
15,803
16,535
-4.3%
Fixed assets
1,450
1,454
1,479
-0.3%
Goodwill
7,084
7,276
7,565
-2.6%
Intangible assets
2,542
2,752
3,068
-7.6%
Cash and equivalents
465
497
496
-6.3%
Inventory
1,526
1,563
1,473
-2.3%
Other assets
2,060
2,263
2,454
-9.0%
Total assets
15,128
15,803
16,535
-4.3%
10-K for the year ended 2 January 2016, filed 19 February 2016: the filing.