EOG Resources (EOG) FY2017 results: revenue $11.2 billion, up 46.5% on the year
EOG Resources Inc. (EOG) reported revenue of $11.2 billion for fiscal 2017, the year ended 31 December 2017, up 46.5% on the year before. Net income was $2.6 billion, and diluted earnings per share $4.46. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2018.
Revenue
$11.2 billion
+46.5% on the year
FY2010FY2017
Operating margin
8.3%
-16.0% a year earlier
FY2010FY2017
Net income
$2.6 billion
FY2010FY2017
Diluted EPS
$4.46
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
11,208
7,651
8,757
+46.5%
Operating income
926
-1,225
-6,686
Operating margin
8.3%
-16.0%
-76.3%
Interest expense
274
282
237
-2.6%
Pre-tax income
661
-1,558
-6,922
Income tax
-1,921
-461
-2,397
Effective tax rate
-290.6%
n/a
n/a
Net income
2,583
-1,097
-4,525
Net margin
23.0%
-14.3%
-51.7%
Diluted EPS
$4.46
-$1.98
-$8.29
$ 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
4,265
2,359
3,595
+80.8%
Capital expenditure
173
93.0
288
+86.3%
Free cash flow
4,092
2,266
3,307
+80.6%
Free cash flow margin
36.5%
29.6%
37.8%
Cash from investing
-3,987
-1,253
-5,320
Cash from financing
-1,036
-243
371
Depreciation and amortisation
3,409
3,553
3,314
-4.1%
Share-based compensation
134
128
131
+4.5%
Buybacks
63.4
82.1
48.8
-22.8%
Dividends paid
387
373
367
+3.7%
Dividend per share
$0.67
$0.67
$0.67
0.0%
Diluted shares, weighted
579m
553m
546m
+4.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
16,283
13,982
12,943
+16.5%
Debt
6,387
6,986
6,660
-8.6%
Other liabilities
7,163
8,331
7,232
-14.0%
Total liabilities and equity
29,833
29,299
26,835
+1.8%
Fixed assets
25,665
25,707
24,211
-0.2%
Cash and equivalents
834
1,600
719
-47.9%
Receivables
1,597
1,216
931
+31.3%
Inventory
484
350
n/a
+38.2%
Other assets
1,252
426
975
+194.1%
Total assets
29,833
29,299
26,835
+1.8%
10-K for the year ended 31 December 2017, filed 27 February 2018: the filing.