ConocoPhillips (COP) FY2014 results: revenue $55.5 billion, down 4.7% on the year
ConocoPhillips (COP) reported revenue of $55.5 billion for fiscal 2014, the year ended 31 December 2014, down 4.7% on the year before. Net income was $6.9 billion, down 25.0%, and diluted earnings per share $5.51. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2015.
Revenue
$55.5 billion
-4.7% on the year
FY2007FY2014
Operating margin
16.9%
24.8% a year earlier
FY2007FY2014
Net income
$6.9 billion
-25.0% on the year
FY2007FY2014
Diluted EPS
$5.51
-25.3% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
55,517
58,248
62,004
-4.7%
Research and development
263
258
221
+1.9%
Selling, general and administrative
735
854
1,106
-13.9%
Operating income
9,390
14,446
15,423
-35.0%
Operating margin
16.9%
24.8%
24.9%
Interest expense
1,063
1,087
1,170
-2.2%
Income tax
3,583
6,409
7,942
-44.1%
Net income
6,869
9,156
8,428
-25.0%
Net margin
12.4%
15.7%
13.6%
Diluted EPS
$5.51
$7.38
$6.72
-25.3%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
16,569
16,141
13,922
+2.7%
Capital expenditure
17,085
15,537
14,172
+10.0%
Free cash flow
-516
604
-250
Free cash flow margin
-0.9%
1.0%
-0.4%
Cash from investing
-14,965
-6,305
-11,627
Cash from financing
-2,574
-7,133
-4,481
Depreciation and amortisation
8,329
7,434
6,580
+12.0%
Share-based compensation
358
308
321
+16.2%
Buybacks
0.0
0.0
5,098
Dividends paid
3,525
3,334
3,278
+5.7%
Dividend per share
$2.84
$2.70
$2.64
+5.2%
Diluted shares, weighted
1,246m
1,240m
1,253m
+0.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
51,911
52,090
47,987
-0.3%
Non-controlling interest
362
402
440
-10.0%
Debt
22,565
21,662
21,725
+4.2%
Other liabilities
41,701
43,903
46,992
-5.0%
Total liabilities and equity
116,539
118,057
117,144
-1.3%
Fixed assets
75,444
72,827
67,263
+3.6%
Intangible assets
n/a
n/a
4.0
Investments
0.0
135
n/a
Cash and equivalents
5,062
6,246
3,618
-19.0%
Receivables
6,807
8,487
9,182
-19.8%
Inventory
1,331
1,194
965
+11.5%
Other assets
27,895
29,168
36,112
-4.4%
Total assets
116,539
118,057
117,144
-1.3%
10-K for the year ended 31 December 2014, filed 24 February 2015: the filing.