Chord Energy (CHRD) FY2020 results: revenue $1.1 billion, down 43.9% on the year
Chord Energy Corp. (CHRD) reported revenue of $1.1 billion for fiscal 2020, the year ended 31 December 2020, down 43.9% on the year before. Net income was -$3.7 billion. The figures are the company's own, from the 10-K it filed with the SEC on 8 March 2021.
Revenue
$1.1 billion
-43.9% on the year
FY2016FY2020
Operating margin
-449.8%
-4.7% a year earlier
FY2016FY2020
Net income
-$3.7 billion
FY2016FY2020
Diluted EPS
n/a
FY2016FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,083
1,931
2,322
-43.9%
Operating income
-4,873
-90.2
119
Operating margin
-449.8%
-4.7%
5.1%
Interest expense
185
159
159
+15.9%
Pre-tax income
-4,037
-351
-25.3
Income tax
-266
-32.7
-5.8
Net income
-3,690
-128
-35.3
Net margin
-340.6%
-6.6%
-1.5%
Diluted EPS
n/a
-$0.41
-$0.11
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
298
893
996
-66.6%
Cash from investing
-102
-829
-1,614
Cash from financing
-196
-66.3
623
Depreciation and amortisation
307
787
636
-61.0%
Share-based compensation
31.6
33.6
29.3
-6.0%
Buybacks
0.0
n/a
n/a
Dividends paid
0.0
0.0
n/a
Diluted shares, weighted
n/a
315m
307m
Shares outstanding at period end
20m
321m
318m
-93.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
916
3,636
3,735
-74.8%
Non-controlling interest
96.8
201
184
-51.8%
Debt
260
2,712
2,735
-90.4%
Operating lease liabilities
1.6
17.9
n/a
-90.9%
Finance lease liabilities
1.4
4.0
n/a
-65.8%
Other liabilities
883
929
972
-4.9%
Total liabilities and equity
2,159
7,499
7,626
-71.2%
Fixed assets
848
6,978
7,027
-87.8%
Goodwill
70.5
0.0
n/a
Intangible assets
43.7
0.0
0.1
Cash and equivalents
10.7
20.0
22.2
-46.5%
Receivables
202
371
388
-45.5%
Inventory
21.6
35.3
33.1
-38.7%
Other assets
962
95.0
156
+912.9%
Total assets
2,159
7,499
7,626
-71.2%
10-K for the year ended 31 December 2020, filed 8 March 2021: the filing.