EQT (EQT) FY2020 results: revenue $3.1 billion, down 30.7% on the year
EQT Corp. (EQT) reported revenue of $3.1 billion for fiscal 2020, the year ended 31 December 2020, down 30.7% on the year before. Net income was -$959 million, and diluted earnings per share $-3.68. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2021.
Revenue
$3.1 billion
-30.7% on the year
FY2010FY2020
Operating margin
-28.7%
-26.1% a year earlier
FY2010FY2020
Net income
-$959 million
FY2010FY2020
Diluted EPS
-$3.68
FY2010FY2020
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
3,059
4,416
4,558
-30.7%
Cost of revenue
1,711
1,753
1,697
-2.4%
Gross profit
1,348
2,664
2,861
-49.4%
Gross margin
44.1%
60.3%
62.8%
Selling, general and administrative
175
171
233
+2.4%
Operating income
-878
-1,152
-2,783
Operating margin
-28.7%
-26.1%
-61.1%
Interest expense
259
200
229
+29.7%
Pre-tax income
-1,254
-1,597
-3,077
Income tax
-295
-376
-697
Net income
-959
-1,222
-2,245
Net margin
-31.3%
-27.7%
-49.2%
Diluted EPS
-$3.68
-$4.79
-$8.60
$ 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
1,538
1,852
2,976
-17.0%
Capital expenditure
1,042
1,602
2,999
-35.0%
Free cash flow
495
249
-22.8
+98.8%
Free cash flow margin
16.2%
5.6%
-0.5%
Cash from investing
-1,556
-1,601
-3,979
Cash from financing
31.7
-249
859
Depreciation and amortisation
1,393
1,539
1,569
-9.4%
Share-based compensation
19.6
31.2
25.2
-37.4%
Buybacks
0.0
0.0
0.0
Dividends paid
7.7
30.7
31.4
-75.0%
Dividend per share
$0.03
$0.12
$0.12
-75.0%
Diluted shares, weighted
261m
255m
261m
+2.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
9,167
9,804
10,958
-6.5%
Non-controlling interest
7.5
0.0
0.0
Debt
5,051
5,293
5,497
-4.6%
Other liabilities
3,888
3,713
4,266
+4.7%
Total liabilities and equity
18,113
18,809
20,721
-3.7%
Fixed assets
16,054
16,155
17,393
-0.6%
Goodwill
n/a
n/a
0.0
Intangible assets
0.0
26.0
77.3
Cash and equivalents
18.2
4.6
3.5
+296.2%
Receivables
567
610
1,242
-7.1%
Other assets
1,474
2,013
2,006
-26.8%
Total assets
18,113
18,809
20,721
-3.7%
10-K for the year ended 31 December 2020, filed 17 February 2021: the filing.