EOG Resources (EOG) FY2019 results: revenue $17.4 billion, up 0.6% on the year
EOG Resources Inc. (EOG) reported revenue of $17.4 billion for fiscal 2019, the year ended 31 December 2019, up 0.6% on the year before. Net income was $2.7 billion, down 20.0%, and diluted earnings per share $4.71. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$17.4 billion
+0.6% on the year
FY2012FY2019
Operating margin
21.3%
25.9% a year earlier
FY2012FY2019
Net income
$2.7 billion
-20.0% on the year
FY2012FY2019
Diluted EPS
$4.71
-20.0% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
17,380
17,275
11,208
+0.6%
Operating income
3,699
4,469
926
-17.2%
Operating margin
21.3%
25.9%
8.3%
Interest expense
185
245
274
-24.5%
Pre-tax income
3,545
4,241
661
-16.4%
Income tax
810
822
-1,921
-1.4%
Effective tax rate
22.9%
19.4%
-290.6%
Net income
2,735
3,419
2,583
-20.0%
Net margin
15.7%
19.8%
23.0%
Diluted EPS
$4.71
$5.89
$4.46
-20.0%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
8,163
7,769
4,265
+5.1%
Capital expenditure
270
237
173
+13.8%
Free cash flow
7,893
7,531
4,092
+4.8%
Free cash flow margin
45.4%
43.6%
36.5%
Cash from investing
-6,177
-6,170
-3,987
Cash from financing
-1,513
-839
-1,036
Depreciation and amortisation
3,750
3,435
3,409
+9.1%
Share-based compensation
175
155
134
+12.5%
Buybacks
25.0
63.5
63.4
-60.6%
Dividends paid
588
438
387
+34.3%
Dividend per share
$1.08
$0.81
$0.67
+33.7%
Diluted shares, weighted
581m
580m
579m
+0.1%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
21,640
19,364
16,283
+11.8%
Non-controlling interest
0.7
n/a
n/a
Debt
5,175
6,083
6,387
-14.9%
Other liabilities
10,308
8,487
7,163
+21.5%
Total liabilities and equity
37,125
33,934
29,833
+9.4%
Fixed assets
30,365
28,076
25,665
+8.2%
Cash and equivalents
2,028
1,556
834
+30.4%
Receivables
1,619
1,460
1,597
+10.9%
Inventory
767
859
484
-10.7%
Other assets
2,346
1,984
1,252
+18.2%
Total assets
37,125
33,934
29,833
+9.4%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.