NCR Voyix (VYX) FY2015 results: revenue $6.4 billion, down 3.3% on the year
NCR Voyix Corp. (VYX) reported revenue of $6.4 billion for fiscal 2015, the year ended 31 December 2015, down 3.3% on the year before. Net income was -$178 million, and diluted earnings per share $-1.09. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$6.4 billion
-3.3% on the year
FY2008FY2015
Operating margin
2.1%
5.4% a year earlier
FY2008FY2015
Net income
-$178 million
FY2008FY2015
Diluted EPS
-$1.09
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
6,373
6,591
6,123
-3.3%
Cost of revenue
4,904
4,859
4,383
+0.9%
Gross profit
1,469
1,732
1,740
-15.2%
Gross margin
23.1%
26.3%
28.4%
Research and development
230
263
203
-12.5%
Selling, general and administrative
1,042
1,012
871
+3.0%
Operating income
135
353
666
-61.8%
Operating margin
2.1%
5.4%
10.9%
Interest expense
173
181
103
-4.4%
Pre-tax income
-95.0
137
554
Income tax
55.0
-48.0
98.0
Effective tax rate
n/a
-35.0%
17.7%
Net income
-178
191
443
Net margin
-2.8%
2.9%
7.2%
Diluted EPS
-$1.09
$1.12
$2.62
$ 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
681
524
281
+30.0%
Capital expenditure
79.0
118
116
-33.1%
Free cash flow
602
406
165
+48.3%
Free cash flow margin
9.4%
6.2%
2.7%
Cash from investing
-209
-788
-2,105
Cash from financing
-583
284
1,357
Depreciation and amortisation
308
284
208
+8.5%
Share-based compensation
42.0
31.0
41.0
+35.5%
Buybacks
0.0
0.0
0.0
Diluted shares, weighted
168m
171m
169m
-2.1%
Shares outstanding at period end
133m
169m
167m
-21.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
720
1,871
1,769
-61.5%
Non-controlling interest
6.0
12.0
14.0
-50.0%
Redeemable equity
798
0.0
14.0
Short-term borrowings
13.0
187
34.0
-93.0%
Debt
3,286
3,659
3,354
-10.2%
Other liabilities
2,812
2,837
2,923
-0.9%
Total liabilities and equity
7,635
8,566
8,108
-10.9%
Fixed assets
322
396
352
-18.7%
Goodwill
2,733
2,760
1,534
-1.0%
Intangible assets
798
926
494
-13.8%
Cash and equivalents
328
511
528
-35.8%
Receivables
1,251
1,404
1,339
-10.9%
Inventory
643
669
790
-3.9%
Other assets
1,560
1,900
3,071
-17.9%
Total assets
7,635
8,566
8,108
-10.9%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.