ConocoPhillips (COP) FY2012 results: revenue $62.0 billion, down 6.2% on the year
ConocoPhillips (COP) reported revenue of $62.0 billion for fiscal 2012, the year ended 31 December 2012, down 6.2% on the year before. Net income was $8.4 billion, down 32.2%, and diluted earnings per share $6.72. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2013.
Revenue
$62.0 billion
-6.2% on the year
FY2007FY2012
Operating margin
24.9%
23.3% a year earlier
FY2007FY2012
Net income
$8.4 billion
-32.2% on the year
FY2007FY2012
Diluted EPS
$6.72
-25.1% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
62,004
66,069
63,335
-6.2%
Research and development
221
193
172
+14.5%
Selling, general and administrative
1,106
865
809
+27.9%
Operating income
15,423
15,396
17,875
+0.2%
Operating margin
24.9%
23.3%
28.2%
Interest expense
1,170
1,230
1,401
-4.9%
Income tax
7,942
8,208
7,570
-3.2%
Net income
8,428
12,436
11,358
-32.2%
Net margin
13.6%
18.8%
17.9%
Diluted EPS
$6.72
$8.97
$7.62
-25.1%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
13,922
19,646
17,045
-29.1%
Capital expenditure
14,172
n/a
n/a
Free cash flow
-250
n/a
n/a
Free cash flow margin
-0.4%
n/a
n/a
Cash from investing
-11,627
-7,015
4,665
Cash from financing
-4,481
-16,305
-12,819
Depreciation and amortisation
6,580
6,827
8,004
-3.6%
Share-based compensation
321
246
211
+30.5%
Buybacks
5,098
11,123
3,866
-54.2%
Dividends paid
3,278
3,632
3,175
-9.7%
Dividend per share
$2.64
$2.64
$2.15
0.0%
Diluted shares, weighted
1,253m
1,387m
1,491m
-9.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
47,987
65,224
68,562
-26.4%
Non-controlling interest
440
510
547
-13.7%
Debt
21,725
22,623
23,592
-4.0%
Other liabilities
46,992
64,873
63,613
-27.6%
Total liabilities and equity
117,144
153,230
156,314
-23.6%
Fixed assets
67,263
84,180
82,554
-20.1%
Goodwill
n/a
3,332
3,633
Intangible assets
4.0
745
801
-99.5%
Investments
n/a
232
602
Cash and equivalents
3,618
5,780
9,454
-37.4%
Receivables
9,182
16,526
15,812
-44.4%
Inventory
965
4,631
5,197
-79.2%
Other assets
36,112
37,804
38,261
-4.5%
Total assets
117,144
153,230
156,314
-23.6%
10-K for the year ended 31 December 2012, filed 19 February 2013: the filing.