Xylem (XYL) FY2015 results: revenue $3.7 billion, down 6.7% on the year
Xylem Inc. (XYL) reported revenue of $3.7 billion for fiscal 2015, the year ended 31 December 2015, down 6.7% on the year before. Net income was $340 million, up 0.9%, and diluted earnings per share $1.87. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$3.7 billion
-6.7% on the year
FY2009FY2015
Operating margin
12.3%
11.8% a year earlier
FY2009FY2015
Net income
$340 million
+0.9% on the year
FY2009FY2015
Diluted EPS
$1.87
+2.2% on the year
FY2009FY2015
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
3,653
3,916
3,837
-6.7%
Cost of revenue
2,249
2,403
2,338
-6.4%
Gross profit
1,404
1,513
1,499
-7.2%
Gross margin
38.4%
38.6%
39.1%
Research and development
95.0
104
104
-8.7%
Selling, general and administrative
854
920
990
-7.2%
Operating income
449
463
363
-3.0%
Operating margin
12.3%
11.8%
9.5%
Interest expense
55.0
54.0
55.0
+1.9%
Pre-tax income
403
421
298
-4.3%
Income tax
63.0
84.0
70.0
-25.0%
Effective tax rate
15.6%
20.0%
23.5%
Net income
340
337
228
+0.9%
Net margin
9.3%
8.6%
5.9%
Diluted EPS
$1.87
$1.83
$1.22
+2.2%
$ 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
464
416
324
+11.5%
Capital expenditure
117
119
126
-1.7%
Free cash flow
347
297
198
+16.8%
Free cash flow margin
9.5%
7.6%
5.2%
Cash from investing
-132
-86.0
-199
Cash from financing
-262
-147
-100
Depreciation and amortisation
133
142
150
-6.3%
Share-based compensation
15.0
18.0
27.0
-16.7%
Buybacks
179
134
73.0
+33.6%
Dividends paid
102
94.0
87.0
+8.5%
Dividend per share
$0.01
$0.01
$0.47
+10.0%
Diluted shares, weighted
182m
184m
186m
-1.4%
Shares outstanding at period end
178m
182m
185m
-2.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,084
2,127
2,241
-2.0%
Non-controlling interest
0.0
n/a
n/a
Debt
1,274
1,284
1,241
-0.8%
Other liabilities
1,299
1,422
1,375
-8.6%
Total liabilities and equity
4,657
4,833
4,857
-3.6%
Fixed assets
439
461
488
-4.8%
Goodwill
1,584
1,635
1,718
-3.1%
Intangible assets
435
470
488
-7.4%
Cash and equivalents
680
663
533
+2.6%
Receivables
749
771
817
-2.9%
Inventory
433
486
475
-10.9%
Other assets
337
347
338
-2.9%
Total assets
4,657
4,833
4,857
-3.6%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.