Zoetis (ZTS) FY2015 results: revenue $4.8 billion, down 0.4% on the year
Zoetis Inc. (ZTS) reported revenue of $4.8 billion for fiscal 2015, the year ended 31 December 2015, down 0.4% on the year before. Net income was $339 million, down 41.9%, and diluted earnings per share $0.68. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$4.8 billion
-0.4% on the year
FY2011FY2015
Operating margin
n/a
FY2011FY2015
Net income
$339 million
-41.9% on the year
FY2011FY2015
Diluted EPS
$0.68
-41.4% on the year
FY2011FY2015
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
4,765
4,785
4,561
-0.4%
Cost of revenue
1,738
1,717
1,669
+1.2%
Gross profit
3,027
3,068
2,892
-1.3%
Gross margin
63.5%
64.1%
63.4%
Research and development
364
396
399
-8.1%
Selling, general and administrative
1,532
1,643
1,613
-6.8%
Interest expense
124
117
113
+6.0%
Pre-tax income
545
820
690
-33.5%
Income tax
206
233
187
-11.6%
Effective tax rate
37.8%
28.4%
27.1%
Net income
339
583
504
-41.9%
Net margin
7.1%
12.2%
11.1%
Diluted EPS
$0.68
$1.16
$1.01
-41.4%
$ 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
664
626
681
+6.1%
Capital expenditure
224
180
184
+24.4%
Free cash flow
440
446
497
-1.3%
Free cash flow margin
9.2%
9.3%
10.9%
Cash from investing
-1,115
-187
-179
Cash from financing
755
-154
-200
Depreciation and amortisation
199
204
209
-2.5%
Share-based compensation
43.0
32.0
43.0
+34.4%
Buybacks
203
0.0
0.0
Dividends paid
168
146
98.0
+15.1%
Dividend per share
$0.34
$0.30
$0.27
+15.1%
Diluted shares, weighted
502m
502m
500m
-0.0%
Shares outstanding at period end
497m
501m
500m
-0.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,068
1,311
940
-18.5%
Non-controlling interest
23.0
26.0
22.0
-11.5%
Debt
4,863
3,624
3,642
+34.2%
Other liabilities
1,959
1,627
1,954
+20.4%
Total liabilities and equity
7,913
6,588
6,558
+20.1%
Fixed assets
1,307
1,318
1,295
-0.8%
Goodwill
1,455
976
982
+49.1%
Intangible assets
1,190
727
803
+63.7%
Cash and equivalents
1,154
882
610
+30.8%
Receivables
937
980
1,138
-4.4%
Inventory
1,467
1,289
1,293
+13.8%
Other assets
403
416
437
-3.1%
Total assets
7,913
6,588
6,558
+20.1%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.