Ulta Beauty (ULTA) FY2015 results: revenue $3.9 billion, up 21.1% on the year
Ulta Beauty, Inc. (ULTA) reported revenue of $3.9 billion for fiscal 2015, the year ended 30 January 2016, up 21.1% on the year before. Net income was $320 million, up 24.5%, and diluted earnings per share $4.98. The figures are the company's own, from the 10-K it filed with the SEC on 30 March 2016.
Revenue
$3.9 billion
+21.1% on the year
FY2009FY2015
Operating margin
12.9%
12.7% a year earlier
FY2009FY2015
Net income
$320 million
+24.5% on the year
FY2009FY2015
Diluted EPS
$4.98
+25.1% on the year
FY2009FY2015
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
3,924
3,241
2,671
+21.1%
Cost of revenue
2,540
2,105
1,729
+20.7%
Gross profit
1,384
1,137
941
+21.8%
Gross margin
35.3%
35.1%
35.2%
Selling, general and administrative
863
712
596
+21.3%
Operating income
506
410
328
+23.4%
Operating margin
12.9%
12.7%
12.3%
Pre-tax income
507
411
328
+23.4%
Income tax
187
154
125
+21.6%
Effective tax rate
36.9%
37.5%
38.1%
Net income
320
257
203
+24.5%
Net margin
8.2%
7.9%
7.6%
Diluted EPS
$4.98
$3.98
$3.15
+25.1%
$ 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
376
397
328
-5.2%
Capital expenditure
299
249
226
+20.1%
Free cash flow
76.7
148
102
-48.0%
Free cash flow margin
2.0%
4.6%
3.8%
Cash from investing
-279
n/a
n/a
Cash from financing
-140
n/a
n/a
Depreciation and amortisation
165
132
106
+25.3%
Share-based compensation
15.6
14.9
16.0
+4.5%
Buybacks
167
39.9
37.3
+319.3%
Dividend per share
n/a
$0.00
$0.00
Diluted shares, weighted
64m
65m
64m
-0.6%
Shares outstanding at period end
64m
64m
64m
-1.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,443
1,248
1,003
+15.7%
Debt
0.0
0.0
0.0
Other liabilities
788
736
600
+7.1%
Total liabilities and equity
2,231
1,983
1,603
+12.5%
Fixed assets
848
717
596
+18.2%
Investments
130
150
n/a
-13.5%
Cash and equivalents
346
389
419
-11.1%
Receivables
65.0
52.4
47.0
+23.9%
Other assets
842
674
540
+25.0%
Total assets
2,231
1,983
1,603
+12.5%
10-K for the year ended 30 January 2016, filed 30 March 2016: the filing.