Trimble (TRMB) FY2015 results: revenue $2.3 billion, down 4.4% on the year
Trimble Inc. (TRMB) reported revenue of $2.3 billion for fiscal 2015, the year ended 1 January 2016, down 4.4% on the year before. Net income was $121 million, down 43.4%, and diluted earnings per share $0.47. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$2.3 billion
-4.4% on the year
FY2008FY2015
Operating margin
6.7%
10.9% a year earlier
FY2008FY2015
Net income
$121 million
-43.4% on the year
FY2008FY2015
Diluted EPS
$0.47
-42.0% 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
2,290
2,396
2,288
-4.4%
Cost of revenue
1,088
1,105
1,084
-1.5%
Gross profit
1,202
1,291
1,204
-6.9%
Gross margin
52.5%
53.9%
52.6%
Research and development
337
318
299
+5.9%
Operating income
154
261
252
-40.8%
Operating margin
6.7%
10.9%
11.0%
Pre-tax income
152
266
253
-42.9%
Income tax
31.1
52.1
34.7
-40.3%
Effective tax rate
20.5%
19.6%
13.7%
Net income
121
214
219
-43.4%
Net margin
5.3%
8.9%
9.6%
Diluted EPS
$0.47
$0.81
$0.84
-42.0%
$ 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
357
407
415
-12.3%
Capital expenditure
43.9
47.3
70.9
-7.2%
Free cash flow
313
360
344
-13.0%
Free cash flow margin
13.7%
15.0%
15.0%
Cash from investing
n/a
-344
-325
Cash from financing
n/a
-51.5
-98.4
Depreciation and amortisation
106
109
108
-2.0%
Share-based compensation
50.1
43.4
36.4
+15.4%
Buybacks
234
97.8
0.0
+139.8%
Diluted shares, weighted
258m
264m
261m
-2.3%
Shares outstanding at period end
251m
259m
259m
-3.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,220
2,342
2,221
-5.2%
Non-controlling interest
0.9
11.8
13.1
-92.4%
Debt
735
742
758
-0.9%
Other liabilities
725
761
708
-4.7%
Total liabilities and equity
3,681
3,856
3,701
-4.5%
Fixed assets
159
157
143
+1.2%
Goodwill
2,106
2,086
1,985
+1.0%
Intangible assets
487
595
619
-18.1%
Investments
0.0
n/a
n/a
Cash and equivalents
116
148
147
-21.6%
Receivables
362
362
338
-0.0%
Inventory
261
278
254
-6.1%
Other assets
189
230
214
-17.8%
Total assets
3,681
3,856
3,701
-4.5%
10-K for the year ended 1 January 2016, filed 24 February 2016: the filing.