Tennant (TNC) FY2015 results: revenue $812 million, down 1.2% on the year
Tennant Co. (TNC) reported revenue of $812 million for fiscal 2015, the year ended 31 December 2015, down 1.2% on the year before. Net income was $32 million, down 36.6%, and diluted earnings per share $1.74. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$812 million
-1.2% on the year
FY2009FY2015
Operating margin
6.6%
8.8% a year earlier
FY2009FY2015
Net income
$32 million
-36.6% on the year
FY2009FY2015
Diluted EPS
$1.74
-35.6% 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
812
822
752
-1.2%
Cost of revenue
463
470
426
-1.5%
Gross profit
349
352
326
-1.0%
Gross margin
43.0%
42.9%
43.3%
Research and development
32.4
29.4
30.5
+10.1%
Selling, general and administrative
252
251
233
+0.5%
Operating income
53.2
72.1
62.4
-26.2%
Operating margin
6.6%
8.8%
8.3%
Interest expense
1.3
1.7
1.8
-23.8%
Pre-tax income
50.4
69.5
59.9
-27.5%
Income tax
18.3
18.9
19.6
-2.9%
Effective tax rate
36.4%
27.2%
32.8%
Net income
32.1
50.7
40.2
-36.6%
Net margin
4.0%
6.2%
5.3%
Diluted EPS
$1.74
$2.70
$2.14
-35.6%
$ 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
45.2
59.4
59.8
-23.8%
Capital expenditure
24.8
19.6
14.8
+26.5%
Free cash flow
20.5
39.8
45.0
-48.6%
Free cash flow margin
2.5%
4.8%
6.0%
Cash from investing
-23.6
-17.9
-11.4
Cash from financing
-61.4
-28.0
-21.5
Depreciation and amortisation
18.0
20.1
20.2
-10.1%
Share-based compensation
8.2
7.3
6.1
+12.4%
Buybacks
46.0
14.1
22.2
+226.3%
Dividends paid
14.5
14.5
13.2
+0.1%
Dividend per share
$0.80
$0.78
$0.72
+2.6%
Diluted shares, weighted
18m
19m
19m
-1.3%
Shares outstanding at period end
18m
18m
18m
-3.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
252
281
264
-10.1%
Debt
24.7
28.1
31.8
-12.4%
Other liabilities
155
178
161
-12.7%
Total liabilities and equity
432
487
456
-11.2%
Fixed assets
95.0
86.5
83.5
+9.7%
Goodwill
16.8
18.4
18.9
-8.5%
Intangible assets
3.2
15.6
19.0
-79.5%
Cash and equivalents
51.3
93.0
81.0
-44.8%
Receivables
136
147
135
-7.4%
Inventory
77.3
80.5
66.9
-4.0%
Other assets
52.4
45.7
51.5
+14.6%
Total assets
432
487
456
-11.2%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.