Take-Two Interactive Software (TTWO) FY2016 results: revenue $1.4 billion, up 30.5% on the year
Take-Two Interactive Software, Inc. (TTWO) reported revenue of $1.4 billion for fiscal 2016, the year ended 31 March 2016, up 30.5% on the year before. Net income was -$8 million, and diluted earnings per share $-0.10. The figures are the company's own, from the 10-K it filed with the SEC on 19 May 2016.
Revenue
$1.4 billion
+30.5% on the year
FY2010FY2016
Operating margin
-0.8%
-23.9% a year earlier
FY2010FY2016
Net income
-$8 million
FY2010FY2016
Diluted EPS
-$0.10
FY2010FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,414
1,083
2,351
+30.5%
Cost of revenue
814
795
1,414
+2.4%
Gross profit
600
288
936
+108.2%
Gross margin
42.4%
26.6%
39.8%
Operating income
-10.8
-258
415
Operating margin
-0.8%
-23.9%
17.7%
Pre-tax income
-38.4
-273
376
Income tax
-30.0
6.6
14.5
Effective tax rate
n/a
n/a
3.8%
Net income
-8.3
-279
362
Net margin
-0.6%
-25.8%
15.4%
Diluted EPS
-$0.10
-$3.48
$3.20
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
261
213
700
+22.8%
Capital expenditure
37.3
49.5
29.8
-24.7%
Free cash flow
224
163
670
+37.2%
Free cash flow margin
15.8%
15.1%
28.5%
Cash from investing
-325
-220
-30.8
Cash from financing
-48.0
0.9
-134
Depreciation and amortisation
28.8
21.1
13.4
+36.8%
Share-based compensation
70.0
65.2
78.1
+7.3%
Buybacks
26.6
0.0
277
Diluted shares, weighted
83m
80m
95m
+3.8%
Shares outstanding at period end
87m
88m
89m
-2.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
581
563
802
+3.2%
Debt
538
538
538
0.0%
Other liabilities
1,471
1,131
460
+30.2%
Total liabilities and equity
2,590
2,231
1,800
+16.1%
Fixed assets
77.1
69.8
42.6
+10.5%
Goodwill
359
217
227
+65.3%
Intangible assets
4.6
4.8
5.1
-3.4%
Investments
471
187
n/a
+151.9%
Cash and equivalents
799
911
935
-12.3%
Receivables
169
218
53.1
-22.6%
Inventory
15.9
20.1
29.8
-20.8%
Other assets
695
603
507
+15.3%
Total assets
2,590
2,231
1,800
+16.1%
10-K for the year ended 31 March 2016, filed 19 May 2016: the filing.