T. Rowe Price Group (TROW) FY2015 results: revenue $4.2 billion, up 5.5% on the year
T. Rowe Price Group, Inc. (TROW) reported revenue of $4.2 billion for fiscal 2015, the year ended 31 December 2015, up 5.5% on the year before. Net income was $1.2 billion, down 0.5%, and diluted earnings per share $4.63. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2016.
Revenue
$4.2 billion
+5.5% on the year
FY2008FY2015
Operating margin
45.2%
47.5% a year earlier
FY2008FY2015
Net income
$1.2 billion
-0.5% on the year
FY2008FY2015
Diluted EPS
$4.63
+1.8% 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
4,201
3,982
3,484
+5.5%
Operating income
1,899
1,891
1,637
+0.4%
Operating margin
45.2%
47.5%
47.0%
Pre-tax income
2,002
2,003
1,700
-0.0%
Income tax
779
774
653
+0.8%
Effective tax rate
38.9%
38.6%
38.4%
Net income
1,223
1,230
1,048
-0.5%
Net margin
29.1%
30.9%
30.1%
Diluted EPS
$4.63
$4.55
$3.90
+1.8%
$ 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
1,530
1,344
1,233
+13.9%
Capital expenditure
151
126
106
+19.9%
Free cash flow
1,379
1,218
1,127
+13.3%
Free cash flow margin
32.8%
30.6%
32.4%
Cash from investing
109
-443
-438
Cash from financing
-1,973
-792
-277
Share-based compensation
149
133
115
+11.7%
Buybacks
988
416
14.1
+137.7%
Dividends paid
1,059
462
397
+129.2%
Diluted shares, weighted
261m
267m
266m
-2.4%
Shares outstanding at period end
250m
261m
262m
-4.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
4,762
5,395
4,818
-11.7%
Redeemable equity
673
0.0
0.0
Debt
0.0
0.0
0.0
Other liabilities
n/a
249
215
Total liabilities and equity
5,107
5,644
5,033
-9.5%
Fixed assets
607
586
573
+3.5%
Goodwill
666
n/a
n/a
Securities held for sale or to maturity
1.0
1.0
1.0
0.0%
Trading assets
25.8
n/a
n/a
Cash and equivalents
1,172
1,506
1,398
-22.2%
Other assets
2,635
3,551
3,061
-25.8%
Total assets
5,107
5,644
5,033
-9.5%
10-K for the year ended 31 December 2015, filed 5 February 2016: the filing.