Expand Energy (EXE) FY2011 results: revenue $11.6 billion, up 24.2% on the year
Expand Energy Corp. (EXE) reported revenue of $11.6 billion for fiscal 2011, the year ended 31 December 2011, up 24.2% on the year before. Net income was $1.7 billion, down 1.8%, and diluted earnings per share $2.32. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$11.6 billion
+24.2% on the year
FY2007FY2011
Operating margin
25.1%
29.9% a year earlier
FY2007FY2011
Net income
$1.7 billion
-1.8% on the year
FY2007FY2011
Diluted EPS
$2.32
-7.6% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
11,635
9,366
7,702
+24.2%
Operating income
2,921
2,805
-8,945
+4.1%
Operating margin
25.1%
29.9%
-116.1%
Interest expense
44.0
19.0
113
+131.6%
Pre-tax income
2,880
2,884
-9,288
-0.1%
Income tax
1,123
1,110
-3,483
+1.2%
Effective tax rate
39.0%
38.5%
n/a
Net income
1,742
1,774
-5,830
-1.8%
Net margin
15.0%
18.9%
-75.7%
Diluted EPS
$2.32
$2.51
-$9.57
-7.6%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
5,903
5,117
4,356
+15.4%
Capital expenditure
2,009
1,326
6,093
+51.5%
Free cash flow
3,894
3,791
-1,737
+2.7%
Free cash flow margin
33.5%
40.5%
-22.6%
Cash from investing
-5,812
-8,503
-5,462
Cash from financing
158
3,181
-336
-95.0%
Depreciation and amortisation
1,923
1,614
1,615
+19.1%
Share-based compensation
153
147
140
+4.1%
Buybacks
n/a
n/a
7.0
Dividends paid
207
189
181
+9.5%
Dividend per share
$0.34
$0.30
$0.30
+12.5%
Diluted shares, weighted
752m
706m
612m
+6.5%
Shares outstanding at period end
n/a
655m
649m
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
16,624
15,264
11,444
+8.9%
Non-controlling interest
1,337
n/a
897
Debt
10,626
12,640
12,295
-15.9%
Other liabilities
13,248
9,275
5,278
+42.8%
Total liabilities and equity
41,835
37,179
29,914
+12.5%
Fixed assets
36,739
32,378
26,710
+13.5%
Investments
1,531
1,208
404
+26.7%
Cash and equivalents
351
102
307
+244.1%
Receivables
2,505
1,974
1,325
+26.9%
Inventory
n/a
n/a
25.0
Other assets
709
1,517
1,143
-53.3%
Total assets
41,835
37,179
29,914
+12.5%
10-K for the year ended 31 December 2011, filed 1 March 2013: the filing.