Wendy's (WEN) FY2015 results: revenue $1.9 billion, down 6.4% on the year
Wendy's Co. (WEN) reported revenue of $1.9 billion for fiscal 2015, the year ended 3 January 2016, down 6.4% on the year before. Net income was $161 million, up 32.7%, and diluted earnings per share $0.49. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2016.
Revenue
$1.9 billion
-6.4% on the year
FY2008FY2015
Operating margin
14.7%
12.1% a year earlier
FY2008FY2015
Net income
$161 million
+32.7% on the year
FY2008FY2015
Diluted EPS
$0.49
+53.1% 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
1,870
1,999
2,424
-6.4%
Cost of revenue
1,184
1,355
1,781
-12.6%
Gross profit
686
643
643
+6.7%
Gross margin
36.7%
32.2%
26.5%
Operating income
274
243
139
+13.1%
Operating margin
14.7%
12.1%
5.7%
Interest expense
86.1
52.0
68.6
+65.5%
Pre-tax income
234
193
63.6
+21.6%
Income tax
94.1
76.1
16.1
+23.7%
Effective tax rate
40.2%
39.5%
25.3%
Net income
161
121
45.5
+32.7%
Net margin
8.6%
6.1%
1.9%
Diluted EPS
$0.49
$0.32
$0.11
+53.1%
$ 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
274
255
330
+7.7%
Capital expenditure
252
298
224
-15.7%
Free cash flow
22.7
-43.7
106
Free cash flow margin
1.2%
-2.2%
4.4%
Cash from investing
35.4
-188
-76.7
Cash from financing
-238
-375
-123
Depreciation and amortisation
154
160
200
-3.8%
Share-based compensation
23.2
28.2
19.6
-17.7%
Buybacks
1,099
301
69.3
+264.8%
Dividends paid
71.8
75.1
70.7
-4.4%
Dividend per share
$0.23
$0.21
$0.18
+7.1%
Diluted shares, weighted
329m
376m
399m
-12.6%
Shares outstanding at period end
272m
n/a
n/a
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
753
1,718
1,929
-56.2%
Debt
2,426
1,438
1,464
+68.7%
Other liabilities
930
990
970
-6.1%
Total liabilities and equity
4,109
4,146
4,363
-0.9%
Fixed assets
1,228
1,241
1,133
-1.1%
Goodwill
771
823
843
-6.3%
Intangible assets
1,340
1,351
1,306
-0.9%
Investments
58.4
74.1
83.2
-21.2%
Cash and equivalents
327
267
580
+22.4%
Inventory
4.3
6.9
10.2
-37.2%
Other assets
381
383
408
-0.5%
Total assets
4,109
4,146
4,363
-0.9%
10-K for the year ended 3 January 2016, filed 3 March 2016: the filing.