ConocoPhillips (COP) FY2011 results: revenue $66.1 billion, up 4.3% on the year
ConocoPhillips (COP) reported revenue of $66.1 billion for fiscal 2011, the year ended 31 December 2011, up 4.3% on the year before. Net income was $12.4 billion, up 9.5%, and diluted earnings per share $8.97. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2014.
Revenue
$66.1 billion
+4.3% on the year
FY2007FY2011
Operating margin
23.3%
28.2% a year earlier
FY2007FY2011
Net income
$12.4 billion
+9.5% on the year
FY2007FY2011
Diluted EPS
$8.97
+17.7% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
66,069
63,335
50,605
+4.3%
Research and development
193
172
121
+12.2%
Selling, general and administrative
865
809
664
+6.9%
Operating income
15,396
17,875
8,714
-13.9%
Operating margin
23.3%
28.2%
17.2%
Interest expense
1,230
1,401
1,470
-12.2%
Income tax
8,208
7,570
4,917
+8.4%
Net income
12,436
11,358
4,414
+9.5%
Net margin
18.8%
17.9%
8.7%
Diluted EPS
$8.97
$7.62
$2.94
+17.7%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
19,646
17,045
12,479
+15.3%
Cash from investing
-7,015
4,665
-9,935
Cash from financing
-16,305
-12,819
-2,855
Depreciation and amortisation
6,827
8,004
8,407
-14.7%
Share-based compensation
246
211
121
+16.6%
Buybacks
11,123
3,866
0.0
+187.7%
Dividends paid
3,632
3,175
2,832
+14.4%
Dividend per share
$2.64
$2.15
$1.91
+22.8%
Diluted shares, weighted
1,387m
1,491m
1,498m
-7.0%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
65,224
68,562
62,023
-4.9%
Non-controlling interest
510
547
590
-6.8%
Debt
22,623
23,592
26,925
-4.1%
Other liabilities
64,873
63,613
62,600
+2.0%
Total liabilities and equity
153,230
156,314
152,138
-2.0%
Fixed assets
84,180
82,554
87,708
+2.0%
Goodwill
3,332
3,633
3,638
-8.3%
Intangible assets
745
801
823
-7.0%
Investments
232
602
n/a
-61.5%
Cash and equivalents
5,780
9,454
542
-38.9%
Receivables
16,526
15,812
13,215
+4.5%
Inventory
4,631
5,197
4,940
-10.9%
Other assets
37,804
38,261
41,272
-1.2%
Total assets
153,230
156,314
152,138
-2.0%
10-K for the year ended 31 December 2011, filed 25 February 2014: the filing.