Ziff Davis (ZD) FY2015 results: revenue $721 million, up 20.3% on the year
Ziff Davis, Inc. (ZD) reported revenue of $721 million for fiscal 2015, the year ended 31 December 2015, up 20.3% on the year before. Net income was $134 million, up 7.5%, and diluted earnings per share $2.73. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$721 million
+20.3% on the year
FY2008FY2015
Operating margin
27.7%
31.1% a year earlier
FY2008FY2015
Net income
$134 million
+7.5% on the year
FY2008FY2015
Diluted EPS
$2.73
+5.8% 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
721
599
521
+20.3%
Gross profit
598
493
434
+21.3%
Gross margin
82.9%
82.3%
83.3%
Research and development
34.3
30.7
25.5
+11.9%
Operating income
199
186
175
+7.1%
Operating margin
27.7%
31.1%
33.7%
Interest expense
43.6
32.5
22.3
+34.2%
Pre-tax income
157
155
143
+1.1%
Income tax
23.3
29.8
35.2
-22.0%
Effective tax rate
14.8%
19.2%
24.7%
Net income
134
124
108
+7.5%
Net margin
18.5%
20.8%
20.6%
Diluted EPS
$2.73
$2.58
$2.28
+5.8%
$ 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
229
177
193
+29.2%
Capital expenditure
17.3
11.8
18.6
+46.2%
Free cash flow
212
165
175
+28.0%
Free cash flow margin
29.4%
27.6%
33.5%
Cash from investing
-336
-275
-167
Cash from financing
-67.4
328
-35.7
Depreciation and amortisation
93.2
63.0
39.8
+48.1%
Share-based compensation
11.8
8.9
9.7
+32.4%
Buybacks
3.7
5.7
4.6
-35.1%
Dividends paid
58.8
52.3
45.1
+12.5%
Dividend per share
$1.22
$1.10
$0.98
+10.9%
Diluted shares, weighted
48m
47m
46m
+2.1%
Shares outstanding at period end
48m
47m
46m
+1.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
890
820
706
+8.5%
Non-controlling interest
0.0
0.0
0.0
Debt
601
593
246
+1.3%
Other liabilities
292
292
202
+0.2%
Total liabilities and equity
1,784
1,705
1,154
+4.6%
Fixed assets
57.4
38.2
31.2
+50.3%
Goodwill
808
636
457
+27.1%
Intangible assets
320
279
191
+14.6%
Investments
158
157
138
+1.0%
Trading assets
n/a
n/a
0.0
Cash and equivalents
256
434
208
-41.1%
Receivables
115
91.7
67.2
+25.1%
Other assets
70.4
70.2
61.3
+0.2%
Total assets
1,784
1,705
1,154
+4.6%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.