ConocoPhillips (COP) FY2017 results: revenue $32.6 billion, up 33.8% on the year
ConocoPhillips (COP) reported revenue of $32.6 billion for fiscal 2017, the year ended 31 December 2017, up 33.8% on the year before. Net income was -$855 million, and diluted earnings per share $-0.70. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2018.
Revenue
$32.6 billion
+33.8% on the year
FY2010FY2017
Operating margin
n/a
-22.7% a year earlier
FY2010FY2017
Net income
-$855 million
FY2010FY2017
Diluted EPS
-$0.70
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
32,584
24,360
30,935
+33.8%
Cost of revenue
12,475
9,994
n/a
+24.8%
Gross profit
20,109
14,366
n/a
+40.0%
Gross margin
61.7%
59.0%
n/a
Research and development
100
116
222
-13.8%
Selling, general and administrative
427
473
953
-9.7%
Operating income
n/a
-5,530
-7,239
Operating margin
n/a
-22.7%
-23.4%
Interest expense
1,114
1,279
1,130
-12.9%
Pre-tax income
-2,615
-5,530
-7,239
Income tax
-1,822
-1,971
-2,868
Net income
-855
-3,615
-4,428
Net margin
-2.6%
-14.8%
-14.3%
Diluted EPS
-$0.70
-$2.91
-$3.58
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
7,077
4,403
7,572
+60.7%
Capital expenditure
4,591
4,869
10,050
-5.7%
Free cash flow
2,486
-466
-2,478
Free cash flow margin
7.6%
-1.9%
-8.0%
Cash from investing
7,762
-3,859
-8,655
Cash from financing
-12,356
764
-1,429
Depreciation and amortisation
6,845
9,062
9,113
-24.5%
Share-based compensation
227
272
362
-16.5%
Buybacks
3,000
126
0.0
+2,281.0%
Dividends paid
1,305
1,253
3,664
+4.2%
Dividend per share
$1.06
$1.00
$2.94
+6.0%
Diluted shares, weighted
1,221m
1,245m
1,242m
-2.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
30,607
34,974
39,762
-12.5%
Non-controlling interest
194
252
320
-23.0%
Debt
22,435
27,275
24,880
-17.7%
Other liabilities
20,126
27,271
32,522
-26.2%
Total liabilities and equity
73,362
89,772
97,484
-18.3%
Fixed assets
45,683
58,331
66,446
-21.7%
Investments
1,873
50.0
n/a
+3,646.0%
Cash and equivalents
6,325
3,610
2,368
+75.2%
Receivables
4,320
3,414
4,514
+26.5%
Inventory
1,060
1,018
1,124
+4.1%
Other assets
14,101
23,349
23,032
-39.6%
Total assets
73,362
89,772
97,484
-18.3%
10-K for the year ended 31 December 2017, filed 20 February 2018: the filing.