4Q and Full Year 2015

Business Highlights

TY2015

  • Total revenue of $3,015M, down 2% in constant currency year-over-year
    • Services revenue of $2,606M, up 2% in constant currency year-over-year
    • Technology revenue of $409M, down 22% in constant currency year-over-year
  • Non-GAAP operating profit margin of 5.8% before cost reduction charges and other expense and pension expense.
​​

4Q15

  • Services revenue growth of 2% in constant currency; fourth consecutive quarter of year-over-year growth in constant currency.
  • Non-GAAP operating profit margin of 12.1% before cost reduction charges and other expense and pension expense, a 100 basis point improvement.
  • Non-GAAP diluted EPS of $1.58 before cost reduction charges and other expense and pension expense.
  • Free cash flow rose 73% year-over-year to $63M; Adjusted free cash flow of $117M doubled year-over-year before cost reduction payments and pension contributions.
  • Exited 2015 with $100M in annualized savings from cost reduction actions completed in the year.


4Q15 Revenue Profile

4Q15 Revenue Profile 


2015 Revenue Profile

2015 Revenue Profile 

​ ​​2015 Total Adjusted EBITDA was $346M.
  • 2015 Adjusted EBITDA attributed to Unisys Corporation and its guarantor domestic subsidiaries under the company's ABL credit facility was approximately $211.7M (including intercompany royalties from foreign and domestic subsidiaries).
  • 2015 Adjusted EBITDA attributed to Unisys Corporation's foreign and non-material domestic subsidiaries was approximately $134M.​
  • The Adjusted EBITDA amounts listed above for each group consist of the aggregation of all the subsidiaries that make up that group as well as the push down of consolidation adjustments and the elimination of intercompany activity.
  • Please see our fourth quarter 2015 earnings materials​ for a reconciliation of GAAP net income to non-GAAP Adjusted EBITDA for Unisys corporation and its consolidated subsidiaries.​
  • In connection with our previously announced cost reduction and other expense, the company recognized $52.5 million of pretax charges (which includes $16.0 million of asset write-offs which are reflected in Depreciation & Amortization) impacting non-GAAP Adjusted EBITDA by $36.5 million for the quarter ended December 31, 2015 and $122.5 million of pretax charges (which includes $19.9 million of asset write-offs which are reflected in Depreciation & Amortization) impacting non-GAAP Adjusted EBITDA by $102.6 million for the year ended December 31, 2015.​​