EQT (EQT) FY2017 results: revenue $3.1 billion, up 122.8% on the year
EQT Corp. (EQT) reported revenue of $3.1 billion for fiscal 2017, the year ended 31 December 2017, up 122.8% on the year before. Net income was $1.5 billion, and diluted earnings per share $8.04. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2019.
Revenue
$3.1 billion
+122.8% on the year
FY2008FY2017
Operating margin
12.4%
-54.4% a year earlier
FY2008FY2017
Net income
$1.5 billion
FY2008FY2017
Diluted EPS
$8.04
FY2008FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2012
On the year
Last 8 years
Revenue
3,091
1,387
438
+122.8%
Cost of revenue
1,165
880
n/a
+32.3%
Gross profit
1,926
507
n/a
+280.0%
Gross margin
62.3%
36.5%
n/a
Selling, general and administrative
209
219
172
-4.5%
Operating income
382
-755
390
Operating margin
12.4%
-54.4%
88.9%
Interest expense
168
131
185
+28.1%
Pre-tax income
199
-894
220
Income tax
-1,188
-363
71.5
Effective tax rate
-598.4%
n/a
32.4%
Net income
1,509
-453
183
Net margin
48.8%
-32.7%
41.8%
Diluted EPS
$8.04
-$2.71
$1.22
$ 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
FY2017
FY2016
FY2012
On the year
Last 8 years
Operating cash flow
1,638
1,064
797
+53.9%
Capital expenditure
1,559
943
0.0
+65.4%
Free cash flow
78.6
122
797
-35.3%
Free cash flow margin
2.5%
8.8%
181.8%
Cash from investing
-4,202
-2,886
-1,370
Cash from financing
1,533
1,399
-75.5
+9.6%
Depreciation and amortisation
971
856
475
+13.4%
Share-based compensation
94.6
44.6
40.2
+112.1%
Buybacks
0.0
0.0
0.0
0.0%
Dividends paid
20.8
20.2
132
+3.3%
Dividend per share
$0.12
$0.12
$0.88
0.0%
Diluted shares, weighted
188m
167m
151m
+12.4%
Balance sheet
$ million
FY2017
FY2016
FY2012
On the year
Last 8 years
Shareholders' equity
13,320
5,860
3,604
+127.3%
Non-controlling interest
5,095
3,259
285
+56.3%
Debt
5,997
3,289
2,526
+82.3%
Other liabilities
5,111
3,064
2,435
+66.8%
Total liabilities and equity
29,523
15,473
8,850
+90.8%
Fixed assets
19,730
13,162
7,059
+49.9%
Goodwill
471
0.0
n/a
Intangible assets
119
0.0
n/a
Trading assets
0.0
286
n/a
Cash and equivalents
26.3
1,104
182
-97.6%
Receivables
665
342
190
+94.6%
Other assets
8,512
579
1,418
+1,369.8%
Total assets
29,523
15,473
8,850
+90.8%
10-K for the year ended 31 December 2017, filed 14 February 2019: the filing.