Expand Energy (EXE) FY2012 results: revenue $12.3 billion, up 5.9% on the year
Expand Energy Corp. (EXE) reported revenue of $12.3 billion for fiscal 2012, the year ended 31 December 2012, up 5.9% on the year before. Net income was -$769 million, and diluted earnings per share $-1.46. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$12.3 billion
+5.9% on the year
FY2007FY2012
Operating margin
-13.8%
25.1% a year earlier
FY2007FY2012
Net income
-$769 million
FY2007FY2012
Diluted EPS
-$1.46
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
12,316
11,635
9,366
+5.9%
Operating income
-1,694
2,921
2,805
Operating margin
-13.8%
25.1%
29.9%
Interest expense
77.0
44.0
19.0
+75.0%
Pre-tax income
-974
2,880
2,884
Income tax
-380
1,123
1,110
Effective tax rate
n/a
39.0%
38.5%
Net income
-769
1,742
1,774
Net margin
-6.2%
15.0%
18.9%
Diluted EPS
-$1.46
$2.32
$2.51
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
2,837
5,903
5,117
-51.9%
Capital expenditure
14,108
2,009
1,326
+602.2%
Free cash flow
-11,271
3,894
3,791
Free cash flow margin
-91.5%
33.5%
40.5%
Cash from investing
-4,984
-5,812
-8,503
Cash from financing
2,083
158
3,181
+1,218.4%
Depreciation and amortisation
2,811
1,923
1,614
+46.2%
Share-based compensation
120
153
147
-21.6%
Dividends paid
227
207
189
+9.7%
Dividend per share
$0.35
$0.34
$0.30
+3.7%
Diluted shares, weighted
643m
752m
706m
-14.5%
Shares outstanding at period end
n/a
n/a
655m
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
15,569
16,624
15,264
-6.3%
Non-controlling interest
2,327
1,337
n/a
+74.0%
Debt
12,620
10,626
12,640
+18.8%
Other liabilities
11,095
13,248
9,275
-16.3%
Total liabilities and equity
41,611
41,835
37,179
-0.5%
Fixed assets
37,167
36,739
32,378
+1.2%
Goodwill
43.0
n/a
n/a
Investments
728
1,531
1,208
-52.4%
Cash and equivalents
287
351
102
-18.2%
Receivables
2,245
2,505
1,974
-10.4%
Other assets
1,141
709
1,517
+60.9%
Total assets
41,611
41,835
37,179
-0.5%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.