EOG Resources (EOG) FY2014 results: revenue $18.0 billion, up 24.5% on the year
EOG Resources Inc. (EOG) reported revenue of $18.0 billion for fiscal 2014, the year ended 31 December 2014, up 24.5% on the year before. Net income was $2.9 billion, up 32.7%, and diluted earnings per share $5.32. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2015.
Revenue
$18.0 billion
+24.5% on the year
FY2007FY2014
Operating margin
29.1%
25.4% a year earlier
FY2007FY2014
Net income
$2.9 billion
+32.7% on the year
FY2007FY2014
Diluted EPS
$5.32
+32.3% 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
18,035
14,487
11,683
+24.5%
Operating income
5,242
3,675
1,480
+42.6%
Operating margin
29.1%
25.4%
12.7%
Interest expense
201
235
214
-14.4%
Income tax
2,080
1,240
710
+67.8%
Net income
2,915
2,197
570
+32.7%
Net margin
16.2%
15.2%
4.9%
Diluted EPS
$5.32
$4.02
$1.05
+32.3%
$ 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
8,649
7,329
5,237
+18.0%
Capital expenditure
727
364
620
+100.0%
Free cash flow
7,922
6,966
4,617
+13.7%
Free cash flow margin
43.9%
48.1%
39.5%
Cash from investing
-7,514
-6,315
-6,119
Cash from financing
-328
-574
1,140
Depreciation and amortisation
3,997
3,601
3,170
+11.0%
Share-based compensation
145
134
128
+8.2%
Buybacks
127
63.8
58.6
+99.8%
Dividends paid
280
199
181
+40.4%
Dividend per share
$0.58
$0.38
$0.34
+56.0%
Diluted shares, weighted
549m
546m
542m
+0.4%
Shares outstanding at period end
n/a
n/a
543m
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
17,713
15,418
13,285
+14.9%
Debt
5,910
5,913
6,312
-0.1%
Other liabilities
11,140
9,243
7,740
+20.5%
Total liabilities and equity
34,763
30,574
27,337
+13.7%
Fixed assets
29,173
26,149
23,338
+11.6%
Cash and equivalents
2,087
1,318
876
+58.3%
Receivables
1,779
1,659
1,657
+7.3%
Other assets
1,724
1,448
1,466
+19.0%
Total assets
34,763
30,574
27,337
+13.7%
10-K for the year ended 31 December 2014, filed 18 February 2015: the filing.