Verisign (VRSN) FY2015 results: revenue $1.1 billion, up 4.9% on the year
Verisign Inc. (VRSN) reported revenue of $1.1 billion for fiscal 2015, the year ended 31 December 2015, up 4.9% on the year before. Net income was $375 million, up 5.6%, and diluted earnings per share $2.82. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$1.1 billion
+4.9% on the year
FY2008FY2015
Operating margin
57.2%
55.9% a year earlier
FY2008FY2015
Net income
$375 million
+5.6% on the year
FY2008FY2015
Diluted EPS
$2.82
+11.9% 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
1,059
1,010
965
+4.9%
Cost of revenue
193
188
187
+2.3%
Gross profit
867
822
778
+5.5%
Gross margin
81.8%
81.3%
80.6%
Research and development
63.7
67.8
70.3
-6.0%
Operating income
606
564
528
+7.4%
Operating margin
57.2%
55.9%
54.7%
Interest expense
108
86.0
74.8
+25.2%
Pre-tax income
488
483
457
+0.9%
Income tax
112
128
-87.7
-12.2%
Effective tax rate
23.1%
26.5%
-19.2%
Net income
375
355
544
+5.6%
Net margin
35.4%
35.2%
56.4%
Diluted EPS
$2.82
$2.52
$3.49
+11.9%
$ 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
670
601
579
+11.5%
Capital expenditure
40.7
39.3
65.6
+3.4%
Free cash flow
629
562
514
+12.0%
Free cash flow margin
59.4%
55.6%
53.2%
Cash from investing
-497
113
-11.1
Cash from financing
-136
-860
-357
Depreciation and amortisation
61.5
63.7
60.7
-3.5%
Share-based compensation
46.1
44.0
36.6
+4.8%
Buybacks
643
883
1,036
-27.2%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
133m
141m
156m
-5.6%
Shares outstanding at period end
110m
118m
134m
-7.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-1,070
-883
-424
Debt
1,870
1,361
1,374
+37.4%
Other liabilities
1,559
1,424
1,710
+9.5%
Total liabilities and equity
2,358
1,901
2,661
+24.0%
Fixed assets
296
319
340
-7.4%
Goodwill
52.5
52.5
52.5
0.0%
Investments
1,687
1,233
1,384
+36.8%
Cash and equivalents
229
192
339
+19.3%
Receivables
12.6
13.4
13.6
-6.0%
Other assets
81.6
91.5
532
-10.8%
Total assets
2,358
1,901
2,661
+24.0%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.