Teleflex (TFX) FY2015 results: revenue $1.8 billion, down 1.6% on the year
Teleflex Inc. (TFX) reported revenue of $1.8 billion for fiscal 2015, the year ended 31 December 2015, down 1.6% on the year before. Net income was $245 million, up 30.5%, and diluted earnings per share $5.10. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$1.8 billion
-1.6% on the year
FY2008FY2015
Operating margin
17.5%
15.5% a year earlier
FY2008FY2015
Net income
$245 million
+30.5% on the year
FY2008FY2015
Diluted EPS
$5.10
+26.2% 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
1,810
1,840
1,696
-1.6%
Cost of revenue
865
897
857
-3.6%
Gross profit
944
942
839
+0.2%
Gross margin
52.2%
51.2%
49.5%
Research and development
52.1
61.0
65.0
-14.6%
Selling, general and administrative
569
579
502
-1.7%
Operating income
316
285
233
+10.9%
Operating margin
17.5%
15.5%
13.8%
Interest expense
61.3
65.5
56.9
-6.3%
Pre-tax income
245
220
176
+11.1%
Income tax
7.8
28.6
23.5
-72.6%
Effective tax rate
3.2%
13.0%
13.4%
Net income
245
188
151
+30.5%
Net margin
13.5%
10.2%
8.9%
Diluted EPS
$5.10
$4.04
$3.45
+26.2%
$ 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
301
287
228
+5.0%
Capital expenditure
61.4
67.6
63.6
-9.1%
Free cash flow
239
219
164
+9.3%
Free cash flow margin
13.2%
11.9%
9.7%
Depreciation and amortisation
125
127
108
-1.3%
Share-based compensation
14.5
12.2
11.9
+18.3%
Dividends paid
56.5
56.3
55.9
+0.5%
Dividend per share
$1.36
$1.36
$1.36
0.0%
Diluted shares, weighted
48m
46m
44m
+3.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,009
1,911
1,914
+5.1%
Non-controlling interest
1.8
2.4
2.5
-23.8%
Redeemable equity
0.0
n/a
n/a
Short-term borrowings
n/a
n/a
356
Debt
1,059
1,068
1,286
-0.9%
Other liabilities
808
941
650
-14.1%
Total liabilities and equity
3,879
3,923
4,209
-1.1%
Fixed assets
316
317
326
-0.4%
Goodwill
1,296
1,324
1,354
-2.1%
Intangible assets
1,200
1,217
1,256
-1.4%
Cash and equivalents
338
303
432
+11.6%
Receivables
262
274
295
-4.1%
Inventory
330
336
334
-1.6%
Other assets
136
153
212
-11.2%
Total assets
3,879
3,923
4,209
-1.1%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.