Tyson Foods (TSN) FY2015 results: revenue $41.4 billion, up 10.1% on the year
Tyson Foods, Inc. (TSN) reported revenue of $41.4 billion for fiscal 2015, the year ended 3 October 2015, up 10.1% on the year before. Net income was $1.2 billion, up 41.2%, and diluted earnings per share $2.95. The figures are the company's own, from the 10-K it filed with the SEC on 23 November 2015.
Revenue
$41.4 billion
+10.1% on the year
FY2008FY2015
Operating margin
5.2%
3.8% a year earlier
FY2008FY2015
Net income
$1.2 billion
+41.2% on the year
FY2008FY2015
Diluted EPS
$2.95
+24.5% 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
41,373
37,580
34,374
+10.1%
Cost of revenue
37,456
34,895
32,016
+7.3%
Gross profit
3,917
2,685
2,358
+45.9%
Gross margin
9.5%
7.1%
6.9%
Research and development
75.0
52.0
50.0
+44.2%
Selling, general and administrative
1,748
1,255
983
+39.3%
Operating income
2,169
1,430
1,375
+51.7%
Operating margin
5.2%
3.8%
4.0%
Pre-tax income
1,921
1,252
1,257
+53.4%
Income tax
697
396
409
+76.0%
Effective tax rate
36.3%
31.6%
32.5%
Net income
1,220
864
778
+41.2%
Net margin
2.9%
2.3%
2.3%
Diluted EPS
$2.95
$2.37
$2.12
+24.5%
$ 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
2,570
1,178
1,314
+118.2%
Capital expenditure
854
632
558
+35.1%
Free cash flow
1,716
546
756
+214.3%
Free cash flow margin
4.1%
1.5%
2.2%
Cash from investing
-270
-8,800
-643
Cash from financing
-2,035
6,915
-600
Depreciation and amortisation
701
520
491
+34.8%
Share-based compensation
69.0
51.0
36.0
+35.3%
Buybacks
495
295
614
+67.8%
Dividends paid
147
104
104
+41.3%
Diluted shares, weighted
413m
364m
367m
+13.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
9,691
8,890
6,201
+9.0%
Non-controlling interest
15.0
14.0
32.0
+7.1%
Debt
6,690
8,178
2,408
-18.2%
Other liabilities
6,608
6,824
3,536
-3.2%
Total liabilities and equity
23,004
23,906
12,177
-3.8%
Fixed assets
5,176
5,130
4,053
+0.9%
Goodwill
6,667
6,706
1,902
-0.6%
Intangible assets
5,168
5,276
138
-2.0%
Cash and equivalents
688
438
1,145
+57.1%
Receivables
1,620
1,684
1,497
-3.8%
Inventory
2,878
3,274
2,817
-12.1%
Other assets
807
1,398
625
-42.3%
Total assets
23,004
23,906
12,177
-3.8%
10-K for the year ended 3 October 2015, filed 23 November 2015: the filing.