ConocoPhillips (COP) FY2015 results: revenue $30.9 billion, down 44.3% on the year
ConocoPhillips (COP) reported revenue of $30.9 billion for fiscal 2015, the year ended 31 December 2015, down 44.3% on the year before. Net income was -$4.4 billion, and diluted earnings per share $-3.58. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2016.
Revenue
$30.9 billion
-44.3% on the year
FY2008FY2015
Operating margin
-23.4%
16.9% a year earlier
FY2008FY2015
Net income
-$4.4 billion
FY2008FY2015
Diluted EPS
-$3.58
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
30,935
55,517
58,248
-44.3%
Research and development
222
263
258
-15.6%
Selling, general and administrative
953
735
854
+29.7%
Operating income
-7,239
9,390
14,446
Operating margin
-23.4%
16.9%
24.8%
Interest expense
1,130
1,063
1,087
+6.3%
Pre-tax income
-7,239
n/a
n/a
Income tax
-2,868
3,583
6,409
Net income
-4,428
6,869
9,156
Net margin
-14.3%
12.4%
15.7%
Diluted EPS
-$3.58
$5.51
$7.38
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
7,572
16,569
16,141
-54.3%
Capital expenditure
10,050
17,085
15,537
-41.2%
Free cash flow
-2,478
-516
604
Free cash flow margin
-8.0%
-0.9%
1.0%
Cash from investing
-8,655
-14,965
-6,305
Cash from financing
-1,429
-2,574
-7,133
Depreciation and amortisation
9,113
8,329
7,434
+9.4%
Share-based compensation
362
358
308
+1.1%
Buybacks
0.0
0.0
0.0
Dividends paid
3,664
3,525
3,334
+3.9%
Dividend per share
$2.94
$2.84
$2.70
+3.5%
Diluted shares, weighted
1,242m
1,246m
1,240m
-0.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
39,762
51,911
52,090
-23.4%
Non-controlling interest
320
362
402
-11.6%
Debt
24,880
22,565
21,662
+10.3%
Other liabilities
32,522
41,701
43,903
-22.0%
Total liabilities and equity
97,484
116,539
118,057
-16.4%
Fixed assets
66,446
75,444
72,827
-11.9%
Investments
n/a
0.0
135
Cash and equivalents
2,368
5,062
6,246
-53.2%
Receivables
4,514
6,807
8,487
-33.7%
Inventory
1,124
1,331
1,194
-15.6%
Other assets
23,032
27,895
29,168
-17.4%
Total assets
97,484
116,539
118,057
-16.4%
10-K for the year ended 31 December 2015, filed 23 February 2016: the filing.