Weyerhaeuser (WY) FY2015 results: revenue $5.2 billion, down 4.4% on the year
Weyerhaeuser Co. (WY) reported revenue of $5.2 billion for fiscal 2015, the year ended 31 December 2015, down 4.4% on the year before. Net income was $506 million, down 72.3%, and diluted earnings per share $0.89. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2016.
Revenue
$5.2 billion
-4.4% on the year
FY2008FY2015
Operating margin
12.3%
18.0% a year earlier
FY2008FY2015
Net income
$506 million
-72.3% on the year
FY2008FY2015
Diluted EPS
$0.89
-72.0% 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
5,246
5,489
7,254
-4.4%
Cost of revenue
4,153
4,183
5,716
-0.7%
Gross profit
1,093
1,306
1,538
-16.3%
Gross margin
20.8%
23.8%
21.2%
Research and development
18.0
20.0
33.0
-10.0%
Operating income
644
987
634
-34.8%
Operating margin
12.3%
18.0%
8.7%
Interest expense
341
338
369
+0.9%
Pre-tax income
353
687
320
-48.6%
Income tax
-58.0
71.0
-171
Effective tax rate
-16.4%
10.3%
-53.4%
Net income
506
1,826
563
-72.3%
Net margin
9.6%
33.3%
7.8%
Diluted EPS
$0.89
$3.18
$0.95
-72.0%
$ 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
1,075
1,109
1,004
-3.1%
Capital expenditure
443
354
261
+25.1%
Free cash flow
632
755
743
-16.3%
Free cash flow margin
12.0%
13.8%
10.2%
Cash from investing
-487
361
-1,829
Cash from financing
-1,156
-725
762
Depreciation and amortisation
479
338
458
+41.7%
Share-based compensation
31.0
40.0
42.0
-22.5%
Buybacks
518
203
0.0
+155.2%
Dividends paid
619
563
458
+9.9%
Dividend per share
$1.20
$1.02
$0.81
+17.6%
Diluted shares, weighted
520m
561m
571m
-7.4%
Shares outstanding at period end
510m
524m
584m
-2.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
4,869
5,304
6,795
-8.2%
Non-controlling interest
n/a
0.0
3.0
Debt
5,302
5,402
5,409
-1.9%
Other liabilities
2,549
2,897
2,165
-12.0%
Total liabilities and equity
12,720
13,603
14,372
-6.5%
Fixed assets
1,233
2,623
2,689
-53.0%
Goodwill
40.0
40.0
42.0
0.0%
Cash and equivalents
1,012
1,580
822
-35.9%
Receivables
276
525
518
-47.4%
Inventory
325
595
542
-45.4%
Other assets
9,834
8,240
9,759
+19.3%
Total assets
12,720
13,603
14,372
-6.5%
10-K for the year ended 31 December 2015, filed 17 February 2016: the filing.