Take-Two Interactive Software (TTWO) FY2015 results: revenue $1.1 billion, down 53.9% on the year
Take-Two Interactive Software, Inc. (TTWO) reported revenue of $1.1 billion for fiscal 2015, the year ended 31 March 2015, down 53.9% on the year before. Net income was -$279 million, and diluted earnings per share $-3.48. The figures are the company's own, from the 10-K it filed with the SEC on 22 May 2015.
Revenue
$1.1 billion
-53.9% on the year
FY2010FY2015
Operating margin
-23.9%
17.7% a year earlier
FY2010FY2015
Net income
-$279 million
FY2010FY2015
Diluted EPS
-$3.48
FY2010FY2015
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
1,083
2,351
1,214
-53.9%
Cost of revenue
795
1,414
716
-43.8%
Gross profit
288
936
499
-69.2%
Gross margin
26.6%
39.8%
41.1%
Operating income
-258
415
5.2
Operating margin
-23.9%
17.7%
0.4%
Pre-tax income
-273
376
-26.1
Income tax
6.6
14.5
5.0
-54.4%
Effective tax rate
n/a
3.8%
n/a
Net income
-279
362
-29.5
Net margin
-25.8%
15.4%
-2.4%
Diluted EPS
-$3.48
$3.20
-$0.34
$ 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
213
700
-4.6
-69.6%
Capital expenditure
49.5
29.8
16.8
+66.0%
Free cash flow
163
670
-21.4
-75.6%
Free cash flow margin
15.1%
28.5%
-1.8%
Cash from investing
-220
-30.8
-16.8
Cash from financing
0.9
-134
n/a
Depreciation and amortisation
21.1
13.4
10.6
+57.6%
Share-based compensation
65.2
78.1
35.8
-16.5%
Buybacks
0.0
277
n/a
Diluted shares, weighted
80m
95m
86m
-15.7%
Shares outstanding at period end
88m
89m
94m
-0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
563
802
588
-29.8%
Debt
538
538
388
0.0%
Other liabilities
1,131
460
302
+145.6%
Total liabilities and equity
2,231
1,800
1,278
+24.0%
Fixed assets
69.8
42.6
25.4
+63.9%
Goodwill
217
227
226
-4.2%
Intangible assets
4.8
5.1
8.8
-6.7%
Investments
187
n/a
n/a
Cash and equivalents
911
935
403
-2.6%
Receivables
218
53.1
190
+310.0%
Inventory
20.1
29.8
30.2
-32.7%
Other assets
603
507
395
+19.0%
Total assets
2,231
1,800
1,278
+24.0%
10-K for the year ended 31 March 2015, filed 22 May 2015: the filing.