EQT (EQT) FY2012 results: revenue $438 million, down 13.5% on the year
EQT Corp. (EQT) reported revenue of $438 million for fiscal 2012, the year ended 31 December 2012, down 13.5% on the year before. Net income was $183 million, down 61.8%, and diluted earnings per share $1.22. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2013.
Revenue
$438 million
-13.5% on the year
FY2008FY2012
Operating margin
88.9%
150.2% a year earlier
FY2008FY2012
Net income
$183 million
-61.8% on the year
FY2008FY2012
Diluted EPS
$1.22
-61.8% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
438
507
537
-13.5%
Selling, general and administrative
172
154
156
+12.1%
Operating income
390
761
470
-48.8%
Operating margin
88.9%
150.2%
87.6%
Interest expense
185
136
128
+35.5%
Pre-tax income
220
658
355
-66.5%
Income tax
71.5
239
128
-70.0%
Effective tax rate
32.4%
36.2%
35.9%
Net income
183
480
228
-61.8%
Net margin
41.8%
94.7%
42.4%
Diluted EPS
$1.22
$3.19
$1.57
-61.8%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
797
905
790
-12.0%
Capital expenditure
0.0
1,274
1,247
Free cash flow
797
-369
-457
Free cash flow margin
181.8%
-72.9%
-85.1%
Cash from investing
-1,370
-614
-1,239
Cash from financing
-75.5
540
450
Depreciation and amortisation
475
314
270
+51.2%
Share-based compensation
40.2
20.1
14.1
+100.3%
Buybacks
0.0
n/a
n/a
Dividends paid
132
132
127
+0.1%
Dividend per share
$0.88
$0.88
$0.88
0.0%
Diluted shares, weighted
151m
150m
145m
+0.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
3,604
3,594
3,079
+0.3%
Non-controlling interest
285
n/a
n/a
Debt
2,526
2,747
2,003
-8.0%
Other liabilities
2,435
2,432
2,017
+0.1%
Total liabilities and equity
8,850
8,773
7,098
+0.9%
Fixed assets
7,059
6,806
5,910
+3.7%
Investments
n/a
n/a
29.0
Cash and equivalents
182
831
0.0
-78.1%
Receivables
190
153
157
+24.1%
Other assets
1,418
982
1,003
+44.4%
Total assets
8,850
8,773
7,098
+0.9%
10-K for the year ended 31 December 2012, filed 21 February 2013: the filing.