Interface (TILE) FY2015 results: revenue $1.0 billion, down 0.2% on the year
Interface Inc. (TILE) reported revenue of $1.0 billion for fiscal 2015, the year ended 3 January 2016, down 0.2% on the year before. Net income was $72 million, up 191.9%, and diluted earnings per share $1.10. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2016.
Revenue
$1.0 billion
-0.2% on the year
FY2009FY2015
Operating margin
11.3%
7.0% a year earlier
FY2009FY2015
Net income
$72 million
+191.9% on the year
FY2009FY2015
Diluted EPS
$1.10
+197.3% 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
1,002
1,004
960
-0.2%
Cost of revenue
619
664
619
-6.8%
Gross profit
383
340
341
+12.6%
Gross margin
38.2%
33.9%
35.5%
Research and development
14.5
13.9
12.6
+4.3%
Selling, general and administrative
269
257
252
+4.6%
Operating income
114
70.3
95.6
+61.6%
Operating margin
11.3%
7.0%
10.0%
Interest expense
6.4
20.8
23.8
-69.2%
Pre-tax income
106
35.7
69.0
+195.9%
Income tax
33.3
10.9
20.7
+205.0%
Effective tax rate
31.5%
30.6%
30.1%
Net income
72.4
24.8
48.3
+191.9%
Net margin
7.2%
2.5%
5.0%
Diluted EPS
$1.10
$0.37
$0.73
+197.3%
$ 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
126
46.4
66.6
+172.6%
Capital expenditure
27.2
38.9
91.9
-30.1%
Free cash flow
99.3
7.5
-25.2
+1,230.9%
Free cash flow margin
9.9%
0.7%
-2.6%
Cash from investing
-26.5
-36.5
-65.8
Cash from financing
-73.6
-26.2
-16.0
Depreciation and amortisation
30.8
30.7
24.7
+0.4%
Buybacks
13.3
7.7
0.0
+73.5%
Dividends paid
11.9
9.3
7.3
+27.8%
Dividend per share
$0.18
$0.14
$0.11
+28.6%
Diluted shares, weighted
66m
66m
66m
-0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
342
307
341
+11.7%
Debt
214
263
274
-18.9%
Other liabilities
201
205
182
-2.1%
Total liabilities and equity
757
775
796
-2.4%
Fixed assets
211
227
231
-7.0%
Goodwill
63.9
70.5
77.9
-9.4%
Investments
0.0
n/a
n/a
Cash and equivalents
75.7
54.9
72.9
+37.9%
Receivables
130
157
132
-17.0%
Inventory
161
142
150
+13.4%
Other assets
114
123
133
-7.3%
Total assets
757
775
796
-2.4%
10-K for the year ended 3 January 2016, filed 2 March 2016: the filing.