EQT (EQT) FY2019 results: revenue $4.4 billion, down 3.1% on the year
EQT Corp. (EQT) reported revenue of $4.4 billion for fiscal 2019, the year ended 31 December 2019, down 3.1% on the year before. Net income was -$1.2 billion, and diluted earnings per share $-4.79. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$4.4 billion
-3.1% on the year
FY2009FY2019
Operating margin
-26.1%
-61.1% a year earlier
FY2009FY2019
Net income
-$1.2 billion
FY2009FY2019
Diluted EPS
-$4.79
FY2009FY2019
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
4,416
4,558
3,091
-3.1%
Cost of revenue
1,753
1,697
1,165
+3.3%
Gross profit
2,664
2,861
1,926
-6.9%
Gross margin
60.3%
62.8%
62.3%
Selling, general and administrative
171
233
209
-26.6%
Operating income
-1,152
-2,783
382
Operating margin
-26.1%
-61.1%
12.4%
Interest expense
200
229
168
-12.7%
Pre-tax income
-1,597
-3,077
199
Income tax
-376
-697
-1,188
Effective tax rate
n/a
n/a
-598.4%
Net income
-1,222
-2,245
1,509
Net margin
-27.7%
-49.2%
48.8%
Diluted EPS
-$4.79
-$8.60
$8.04
$ 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
1,852
2,976
1,638
-37.8%
Capital expenditure
1,602
2,999
1,559
-46.6%
Free cash flow
249
-22.8
78.6
Free cash flow margin
5.6%
-0.5%
2.5%
Cash from investing
-1,601
-3,979
-4,202
Cash from financing
-249
859
1,533
Depreciation and amortisation
1,539
1,569
971
-1.9%
Share-based compensation
31.2
25.2
94.6
+24.0%
Buybacks
0.0
0.0
0.0
Dividends paid
30.7
31.4
20.8
-2.3%
Dividend per share
$0.12
$0.12
$0.12
0.0%
Diluted shares, weighted
255m
261m
188m
-2.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
9,804
10,958
13,320
-10.5%
Non-controlling interest
0.0
0.0
5,095
Debt
5,293
5,497
5,997
-3.7%
Other liabilities
3,713
4,266
5,111
-13.0%
Total liabilities and equity
18,809
20,721
29,523
-9.2%
Fixed assets
16,155
17,393
19,730
-7.1%
Goodwill
n/a
0.0
471
Intangible assets
26.0
77.3
119
-66.4%
Trading assets
n/a
n/a
0.0
Cash and equivalents
4.6
3.5
26.3
+31.8%
Receivables
610
1,242
665
-50.9%
Other assets
2,013
2,006
8,512
+0.3%
Total assets
18,809
20,721
29,523
-9.2%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.