EOG Resources (EOG) FY2020 results: revenue $11.0 billion, down 36.5% on the year
EOG Resources Inc. (EOG) reported revenue of $11.0 billion for fiscal 2020, the year ended 31 December 2020, down 36.5% on the year before. Net income was -$605 million, and diluted earnings per share $-1.04. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$11.0 billion
-36.5% on the year
FY2013FY2020
Operating margin
-4.9%
21.3% a year earlier
FY2013FY2020
Net income
-$605 million
FY2013FY2020
Diluted EPS
-$1.04
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
11,032
17,380
17,275
-36.5%
Operating income
-544
3,699
4,469
Operating margin
-4.9%
21.3%
25.9%
Interest expense
205
185
245
+10.9%
Pre-tax income
-739
3,545
4,241
Income tax
-134
810
822
Effective tax rate
n/a
22.9%
19.4%
Net income
-605
2,735
3,419
Net margin
-5.5%
15.7%
19.8%
Diluted EPS
-$1.04
$4.71
$5.89
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
5,008
8,163
7,769
-38.7%
Capital expenditure
221
270
237
-18.1%
Free cash flow
4,787
7,893
7,531
-39.4%
Free cash flow margin
43.4%
45.4%
43.6%
Cash from investing
-3,348
-6,177
-6,170
Cash from financing
-359
-1,513
-839
Depreciation and amortisation
3,400
3,750
3,435
-9.3%
Share-based compensation
146
175
155
-16.4%
Buybacks
16.0
25.0
63.5
-36.0%
Dividends paid
821
588
438
+39.5%
Dividend per share
$1.50
$1.08
$0.81
+38.5%
Diluted shares, weighted
579m
581m
580m
-0.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
20,302
21,640
19,364
-6.2%
Non-controlling interest
n/a
0.7
n/a
Debt
5,816
5,175
6,083
+12.4%
Other liabilities
9,686
10,308
8,487
-6.0%
Total liabilities and equity
35,805
37,125
33,934
-3.6%
Fixed assets
28,599
30,365
28,076
-5.8%
Cash and equivalents
3,329
2,028
1,556
+64.2%
Receivables
1,522
1,619
1,460
-6.0%
Inventory
629
767
859
-18.0%
Other assets
1,726
2,346
1,984
-26.4%
Total assets
35,805
37,125
33,934
-3.6%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.