EOG Resources (EOG) FY2013 results: revenue $14.5 billion, up 24.0% on the year
EOG Resources Inc. (EOG) reported revenue of $14.5 billion for fiscal 2013, the year ended 31 December 2013, up 24.0% on the year before. Net income was $2.2 billion, up 285.3%, and diluted earnings per share $4.02. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2014.
Revenue
$14.5 billion
+24.0% on the year
FY2007FY2013
Operating margin
25.4%
12.7% a year earlier
FY2007FY2013
Net income
$2.2 billion
+285.3% on the year
FY2007FY2013
Diluted EPS
$4.02
+281.0% 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
14,487
11,683
10,126
+24.0%
Operating income
3,675
1,480
2,113
+148.4%
Operating margin
25.4%
12.7%
20.9%
Interest expense
235
214
210
+10.3%
Income tax
1,240
710
819
+74.5%
Net income
2,197
570
1,091
+285.3%
Net margin
15.2%
4.9%
10.8%
Diluted EPS
$4.02
$1.05
$2.05
+281.0%
$ 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
7,329
5,237
4,578
+40.0%
Capital expenditure
364
620
656
-41.3%
Free cash flow
6,966
4,617
3,922
+50.9%
Free cash flow margin
48.1%
39.5%
38.7%
Cash from investing
-6,315
-6,119
-5,755
Cash from financing
-574
1,140
1,009
Depreciation and amortisation
3,601
3,170
2,516
+13.6%
Share-based compensation
134
128
128
+4.9%
Buybacks
63.8
58.6
23.9
+8.9%
Dividends paid
199
181
167
+10.0%
Dividend per share
$0.38
$0.34
$0.32
+10.3%
Diluted shares, weighted
546m
542m
533m
+0.9%
Shares outstanding at period end
n/a
543m
538m
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
15,418
13,285
12,641
+16.1%
Debt
5,913
6,312
5,009
-6.3%
Other liabilities
9,243
7,740
7,189
+19.4%
Total liabilities and equity
30,574
27,337
24,839
+11.8%
Fixed assets
26,149
23,338
21,289
+12.0%
Cash and equivalents
1,318
876
616
+50.4%
Receivables
1,659
1,657
1,451
+0.1%
Other assets
1,448
1,466
1,483
-1.2%
Total assets
30,574
27,337
24,839
+11.8%
10-K for the year ended 31 December 2013, filed 24 February 2014: the filing.