EQT (EQT) FY2016 results: revenue $1.4 billion, up 216.5% on the year
EQT Corp. (EQT) reported revenue of $1.4 billion for fiscal 2016, the year ended 31 December 2016, up 216.5% on the year before. Net income was -$453 million, and diluted earnings per share $-2.71. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2019.
Revenue
$1.4 billion
+216.5% on the year
FY2008FY2016
Operating margin
-54.4%
88.9% a year earlier
FY2008FY2016
Net income
-$453 million
FY2008FY2016
Diluted EPS
-$2.71
FY2008FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2012
FY2011
On the year
Last 8 years
Revenue
1,387
438
507
+216.5%
Cost of revenue
880
n/a
n/a
Gross profit
507
n/a
n/a
Gross margin
36.5%
n/a
n/a
Selling, general and administrative
219
172
154
+27.1%
Operating income
-755
390
761
Operating margin
-54.4%
88.9%
150.2%
Interest expense
131
185
136
-29.0%
Pre-tax income
-894
220
658
Income tax
-363
71.5
239
Effective tax rate
n/a
32.4%
36.2%
Net income
-453
183
480
Net margin
-32.7%
41.8%
94.7%
Diluted EPS
-$2.71
$1.22
$3.19
$ 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
FY2016
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,064
797
905
+33.6%
Capital expenditure
943
0.0
1,274
Free cash flow
122
797
-369
-84.8%
Free cash flow margin
8.8%
181.8%
-72.9%
Cash from investing
-2,886
-1,370
-614
Cash from financing
1,399
-75.5
540
Depreciation and amortisation
856
475
314
+80.5%
Share-based compensation
44.6
40.2
20.1
+10.9%
Buybacks
0.0
0.0
n/a
Dividends paid
20.2
132
132
-84.7%
Dividend per share
$0.12
$0.88
$0.88
-86.4%
Diluted shares, weighted
167m
151m
150m
+10.9%
Balance sheet
$ million
FY2016
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
5,860
3,604
3,594
+62.6%
Non-controlling interest
3,259
285
n/a
+1,043.6%
Debt
3,289
2,526
2,747
+30.2%
Other liabilities
3,064
2,435
2,432
+25.8%
Total liabilities and equity
15,473
8,850
8,773
+74.8%
Fixed assets
13,162
7,059
6,806
+86.4%
Goodwill
0.0
n/a
n/a
Intangible assets
0.0
n/a
n/a
Trading assets
286
n/a
n/a
Cash and equivalents
1,104
182
831
+506.2%
Receivables
342
190
153
+79.6%
Other assets
579
1,418
982
-59.2%
Total assets
15,473
8,850
8,773
+74.8%
10-K for the year ended 31 December 2016, filed 14 February 2019: the filing.