EOG Resources (EOG) FY2018 results: revenue $17.3 billion, up 54.1% on the year
EOG Resources Inc. (EOG) reported revenue of $17.3 billion for fiscal 2018, the year ended 31 December 2018, up 54.1% on the year before. Net income was $3.4 billion, up 32.4%, and diluted earnings per share $5.89. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$17.3 billion
+54.1% on the year
FY2011FY2018
Operating margin
25.9%
8.3% a year earlier
FY2011FY2018
Net income
$3.4 billion
+32.4% on the year
FY2011FY2018
Diluted EPS
$5.89
+32.1% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
17,275
11,208
7,651
+54.1%
Operating income
4,469
926
-1,225
+382.4%
Operating margin
25.9%
8.3%
-16.0%
Interest expense
245
274
282
-10.7%
Pre-tax income
4,241
661
-1,558
+541.4%
Income tax
822
-1,921
-461
Effective tax rate
19.4%
-290.6%
n/a
Net income
3,419
2,583
-1,097
+32.4%
Net margin
19.8%
23.0%
-14.3%
Diluted EPS
$5.89
$4.46
-$1.98
+32.1%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
7,769
4,265
2,359
+82.1%
Capital expenditure
237
173
93.0
+36.8%
Free cash flow
7,531
4,092
2,266
+84.1%
Free cash flow margin
43.6%
36.5%
29.6%
Cash from investing
-6,170
-3,987
-1,253
Cash from financing
-839
-1,036
-243
Depreciation and amortisation
3,435
3,409
3,553
+0.8%
Share-based compensation
155
134
128
+16.1%
Buybacks
63.5
63.4
82.1
+0.1%
Dividends paid
438
387
373
+13.3%
Dividend per share
$0.81
$0.67
$0.67
+20.9%
Diluted shares, weighted
580m
579m
553m
+0.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
19,364
16,283
13,982
+18.9%
Debt
6,083
6,387
6,986
-4.8%
Other liabilities
8,487
7,163
8,331
+18.5%
Total liabilities and equity
33,934
29,833
29,299
+13.7%
Fixed assets
28,076
25,665
25,707
+9.4%
Cash and equivalents
1,556
834
1,600
+86.5%
Receivables
1,460
1,597
1,216
-8.6%
Inventory
859
484
350
+77.6%
Other assets
1,984
1,252
426
+58.4%
Total assets
33,934
29,833
29,299
+13.7%
10-K for the year ended 31 December 2018, filed 26 February 2019: the filing.