EOG Resources (EOG) FY2016 results: revenue $7.7 billion, down 12.6% on the year
EOG Resources Inc. (EOG) reported revenue of $7.7 billion for fiscal 2016, the year ended 31 December 2016, down 12.6% on the year before. Net income was -$1.1 billion, and diluted earnings per share $-1.98. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2017.
Revenue
$7.7 billion
-12.6% on the year
FY2009FY2016
Operating margin
-16.0%
-76.3% a year earlier
FY2009FY2016
Net income
-$1.1 billion
FY2009FY2016
Diluted EPS
-$1.98
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
7,651
8,757
18,035
-12.6%
Operating income
-1,225
-6,686
5,242
Operating margin
-16.0%
-76.3%
29.1%
Interest expense
282
237
201
+18.7%
Pre-tax income
-1,558
-6,922
n/a
Income tax
-461
-2,397
2,080
Net income
-1,097
-4,525
2,915
Net margin
-14.3%
-51.7%
16.2%
Diluted EPS
-$1.98
-$8.29
$5.32
$ 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
2,359
3,595
8,649
-34.4%
Capital expenditure
93.0
288
727
-67.7%
Free cash flow
2,266
3,307
7,922
-31.5%
Free cash flow margin
29.6%
37.8%
43.9%
Cash from investing
-1,253
-5,320
-7,514
Cash from financing
-243
371
-328
Depreciation and amortisation
3,553
3,314
3,997
+7.2%
Share-based compensation
128
131
145
-1.9%
Buybacks
82.1
48.8
127
+68.3%
Dividends paid
373
367
280
+1.6%
Dividend per share
$0.67
$0.67
$0.58
0.0%
Diluted shares, weighted
553m
546m
549m
+1.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
13,982
12,943
17,713
+8.0%
Debt
6,986
6,660
5,910
+4.9%
Other liabilities
8,331
7,232
11,140
+15.2%
Total liabilities and equity
29,299
26,835
34,763
+9.2%
Fixed assets
25,707
24,211
29,173
+6.2%
Cash and equivalents
1,600
719
2,087
+122.7%
Receivables
1,216
931
1,779
+30.7%
Inventory
350
n/a
n/a
Other assets
426
975
1,724
-56.3%
Total assets
29,299
26,835
34,763
+9.2%
10-K for the year ended 31 December 2016, filed 27 February 2017: the filing.