ConocoPhillips (COP) FY2016 results: revenue $24.4 billion, down 21.3% on the year
ConocoPhillips (COP) reported revenue of $24.4 billion for fiscal 2016, the year ended 31 December 2016, down 21.3% on the year before. Net income was -$3.6 billion, and diluted earnings per share $-2.91. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2017.
Revenue
$24.4 billion
-21.3% on the year
FY2009FY2016
Operating margin
-22.7%
-23.4% a year earlier
FY2009FY2016
Net income
-$3.6 billion
FY2009FY2016
Diluted EPS
-$2.91
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
24,360
30,935
55,517
-21.3%
Cost of revenue
9,994
n/a
n/a
Gross profit
14,366
n/a
n/a
Gross margin
59.0%
n/a
n/a
Research and development
116
222
263
-47.7%
Selling, general and administrative
473
953
735
-50.4%
Operating income
-5,530
-7,239
9,390
Operating margin
-22.7%
-23.4%
16.9%
Interest expense
1,279
1,130
1,063
+13.2%
Pre-tax income
-5,530
-7,239
n/a
Income tax
-1,971
-2,868
3,583
Net income
-3,615
-4,428
6,869
Net margin
-14.8%
-14.3%
12.4%
Diluted EPS
-$2.91
-$3.58
$5.51
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
4,403
7,572
16,569
-41.9%
Capital expenditure
4,869
10,050
17,085
-51.6%
Free cash flow
-466
-2,478
-516
Free cash flow margin
-1.9%
-8.0%
-0.9%
Cash from investing
-3,859
-8,655
-14,965
Cash from financing
764
-1,429
-2,574
Depreciation and amortisation
9,062
9,113
8,329
-0.6%
Share-based compensation
272
362
358
-24.9%
Buybacks
126
0.0
0.0
Dividends paid
1,253
3,664
3,525
-65.8%
Dividend per share
$1.00
$2.94
$2.84
-66.0%
Diluted shares, weighted
1,245m
1,242m
1,246m
+0.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
34,974
39,762
51,911
-12.0%
Non-controlling interest
252
320
362
-21.2%
Debt
27,275
24,880
22,565
+9.6%
Other liabilities
27,271
32,522
41,701
-16.1%
Total liabilities and equity
89,772
97,484
116,539
-7.9%
Fixed assets
58,331
66,446
75,444
-12.2%
Investments
50.0
n/a
0.0
Cash and equivalents
3,610
2,368
5,062
+52.4%
Receivables
3,414
4,514
6,807
-24.4%
Inventory
1,018
1,124
1,331
-9.4%
Other assets
23,349
23,032
27,895
+1.4%
Total assets
89,772
97,484
116,539
-7.9%
10-K for the year ended 31 December 2016, filed 21 February 2017: the filing.