ConocoPhillips (COP) FY2013 results: revenue $58.2 billion, down 6.1% on the year
ConocoPhillips (COP) reported revenue of $58.2 billion for fiscal 2013, the year ended 31 December 2013, down 6.1% on the year before. Net income was $9.2 billion, up 8.6%, and diluted earnings per share $7.38. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2014.
Revenue
$58.2 billion
-6.1% on the year
FY2007FY2013
Operating margin
24.8%
24.9% a year earlier
FY2007FY2013
Net income
$9.2 billion
+8.6% on the year
FY2007FY2013
Diluted EPS
$7.38
+9.8% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
58,248
62,004
66,069
-6.1%
Research and development
258
221
193
+16.7%
Selling, general and administrative
854
1,106
865
-22.8%
Operating income
14,446
15,423
15,396
-6.3%
Operating margin
24.8%
24.9%
23.3%
Interest expense
1,087
1,170
1,230
-7.1%
Income tax
6,409
7,942
8,208
-19.3%
Net income
9,156
8,428
12,436
+8.6%
Net margin
15.7%
13.6%
18.8%
Diluted EPS
$7.38
$6.72
$8.97
+9.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
16,141
13,922
19,646
+15.9%
Capital expenditure
15,537
14,172
n/a
+9.6%
Free cash flow
604
-250
n/a
Free cash flow margin
1.0%
-0.4%
n/a
Cash from investing
-6,305
-11,627
-7,015
Cash from financing
-7,133
-4,481
-16,305
Depreciation and amortisation
7,434
6,580
6,827
+13.0%
Share-based compensation
308
321
246
-4.0%
Buybacks
0.0
5,098
11,123
Dividends paid
3,334
3,278
3,632
+1.7%
Dividend per share
$2.70
$2.64
$2.64
+2.3%
Diluted shares, weighted
1,240m
1,253m
1,387m
-1.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
52,090
47,987
65,224
+8.6%
Non-controlling interest
402
440
510
-8.6%
Debt
21,662
21,725
22,623
-0.3%
Other liabilities
43,903
46,992
64,873
-6.6%
Total liabilities and equity
118,057
117,144
153,230
+0.8%
Fixed assets
72,827
67,263
84,180
+8.3%
Goodwill
n/a
n/a
3,332
Intangible assets
n/a
4.0
745
Investments
135
n/a
232
Cash and equivalents
6,246
3,618
5,780
+72.6%
Receivables
8,487
9,182
16,526
-7.6%
Inventory
1,194
965
4,631
+23.7%
Other assets
29,168
36,112
37,804
-19.2%
Total assets
118,057
117,144
153,230
+0.8%
10-K for the year ended 31 December 2013, filed 25 February 2014: the filing.