Bristow Group (VTOL) FY2015 results: revenue $282 million, down 14.9% on the year
Bristow Group Inc. (VTOL) reported revenue of $282 million for fiscal 2015, the year ended 31 December 2015, down 14.9% on the year before. Net income was $9 million, down 49.1%, and diluted earnings per share $0.42. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$282 million
-14.9% on the year
FY2011FY2015
Operating margin
8.6%
12.9% a year earlier
FY2011FY2015
Net income
$9 million
-49.1% on the year
FY2011FY2015
Diluted EPS
$0.42
-50.0% on the year
FY2011FY2015
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
282
331
299
-14.9%
Operating income
24.3
42.7
46.2
-43.0%
Operating margin
8.6%
12.9%
15.4%
Interest expense
13.5
14.8
18.1
-8.5%
Pre-tax income
24.0
22.6
29.1
+5.9%
Income tax
14.1
8.3
11.7
+70.4%
Effective tax rate
58.9%
36.6%
40.2%
Net income
8.7
17.1
18.7
-49.1%
Net margin
3.1%
5.2%
6.3%
Diluted EPS
$0.42
$0.84
$0.88
-50.0%
$ 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
44.5
78.3
64.4
-43.2%
Capital expenditure
60.0
107
110
-43.7%
Free cash flow
-15.6
-28.4
-45.7
Free cash flow margin
-5.5%
-8.6%
-15.3%
Cash from investing
-22.8
-93.9
n/a
Cash from financing
-46.0
26.1
n/a
Depreciation and amortisation
47.3
46.3
45.6
+2.2%
Share-based compensation
3.7
5.8
1.8
-35.5%
Buybacks
2.1
0.0
0.0
Diluted shares, weighted
20m
20m
20m
+0.7%
Shares outstanding at period end
20m
20m
20m
+0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
471
461
436
+2.3%
Non-controlling interest
0.0
-0.3
-0.2
Redeemable equity
4.8
0.0
0.0
Debt
275
310
282
-11.1%
Other liabilities
253
247
240
+2.3%
Total liabilities and equity
1,004
1,017
959
-1.3%
Fixed assets
859
863
804
-0.5%
Goodwill
0.0
0.4
0.4
Intangible assets
1.2
0.0
n/a
Cash and equivalents
14.4
40.9
31.3
-64.8%
Receivables
48.6
33.4
38.1
+45.7%
Inventory
28.0
26.9
26.9
+4.2%
Other assets
53.0
52.6
58.3
+0.8%
Total assets
1,004
1,017
959
-1.3%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.