ERIC FY 2015 Earnings Report — Telefonaktiebolaget LM Ericsson (publ) Revenue & Financial Results | Market Cap Arena

Telefonaktiebolaget LM Ericsson (publ)ERIC

FY 2015 Earnings

Reported April 4, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$26.7B	—	$25.3B	—	5.2%
Op. Income	$2.9B	—	$2.3B	—	26.2%
Gross Margin	34.3%	—	35.2%	—	-0.9pp
Net Margin	5.5%	—	5.1%	—	0.4pp
EPS (Diluted)	$0.45	—	$0.39	—	13.5%
Free Cash Flow	$1.3B	—	$1.5B	—	-11.0%

Revenue Flow

Item	Amount
REVENUE	$26.7B
Cost of Revenue	$17.5B
GROSS PROFIT	$9.1B
R&D Expenses	$3.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.1B
Other Expenses	$0
Operating Expenses	$6.3B
Cost & Expenses	$23.8B
OPERATING INCOME	$2.9B
Interest Income	$42M
Interest Expense	$206M
Other Income/Expenses	-$740M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$669M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$1.1B
EBIT	$2.4B
EBITDA	$3.5B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$26.7B
Cost of Revenue	$17.5B
GROSS PROFIT	$9.1B
R&D Expenses	$3.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.1B
Other Expenses	$0
Operating Expenses	$6.3B
Cost & Expenses	$23.8B
OPERATING INCOME	$2.9B
Interest Income	$42M
Interest Expense	$206M
Other Income/Expenses	-$740M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$669M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$1.1B
EBIT	$2.4B
EBITDA	$3.5B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$55M
Change in Working Capital	-$398M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$900M
Acquisitions (Net)	-$97M
Purchases of Investments	$0
Sales/Maturities of Investments	$550M
Other Investing Activities	-$59M
NET CASH FROM INVESTING	-$862M
Net Debt Issuance	-$17M
Common Stock Repurchased	$0
Common Dividends Paid	-$1.2B
Other Financing Activities	$34M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$1.3B
Net Change in Cash	-$423M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.3B
Short-Term Investments	$2.8B
Net Receivables	$9.7B
Inventory	$3.1B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$20.5B
PP&E (Net)	$1.7B
Goodwill	$4.4B
Intangible Assets	$1.6B
Long-Term Investments	$1.1B
Tax Assets	$1.8B
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$10.6B
TOTAL ASSETS	$31.1B
Account Payables	$2.4B
Short-Term Debt	$257M
Deferred Revenue	$1.2B
Other Current Liabilities	$3.7B
TOTAL CURRENT LIABILITIES	$9.4B
Long-Term Debt	$2.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$612M
Other Non-Current Liabilities	$2.7B
TOTAL NON-CURRENT LIABILITIES	$5.7B
TOTAL LIABILITIES	$15.1B
Common Stock	$1.8B
Additional Paid-In Capital	$2.7B
Retained Earnings	$11.4B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.8B
Minority Interest	$91M
TOTAL EQUITY	$15.9B
TOTAL LIABILITIES & EQUITY	$31.1B
Total Debt	$2.7B
Net Debt	-$1.6B