Expand Energy (EXE) FY2013 results: revenue $19.1 billion, up 54.9% on the year
Expand Energy Corp. (EXE) reported revenue of $19.1 billion for fiscal 2013, the year ended 31 December 2013, up 54.9% on the year before. Net income was $724 million, and diluted earnings per share $0.73. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$19.1 billion
+54.9% on the year
FY2007FY2013
Operating margin
10.8%
-13.8% a year earlier
FY2007FY2013
Net income
$724 million
FY2007FY2013
Diluted EPS
$0.73
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
19,080
12,316
11,635
+54.9%
Operating income
2,069
-1,694
2,921
Operating margin
10.8%
-13.8%
25.1%
Interest expense
227
77.0
44.0
+194.8%
Pre-tax income
1,442
-974
2,880
Income tax
548
-380
1,123
Effective tax rate
38.0%
n/a
39.0%
Net income
724
-769
1,742
Net margin
3.8%
-6.2%
15.0%
Diluted EPS
$0.73
-$1.46
$2.32
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
4,614
2,837
5,903
+62.6%
Capital expenditure
7,190
14,108
2,009
-49.0%
Free cash flow
-2,576
-11,271
3,894
Free cash flow margin
-13.5%
-91.5%
33.5%
Cash from investing
-2,967
-4,984
-5,812
Cash from financing
-1,097
2,083
158
Depreciation and amortisation
2,903
2,811
1,923
+3.3%
Share-based compensation
98.0
120
153
-18.3%
Dividends paid
233
227
207
+2.6%
Dividend per share
$0.35
$0.35
$0.34
0.0%
Diluted shares, weighted
653m
643m
752m
+1.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
15,995
15,569
16,624
+2.7%
Non-controlling interest
2,145
2,327
1,337
-7.8%
Debt
12,886
12,620
10,626
+2.1%
Other liabilities
10,756
11,095
13,248
-3.1%
Total liabilities and equity
41,782
41,611
41,835
+0.4%
Fixed assets
37,134
37,167
36,739
-0.1%
Goodwill
43.0
43.0
n/a
0.0%
Investments
477
728
1,531
-34.5%
Cash and equivalents
837
287
351
+191.6%
Receivables
2,222
2,245
2,505
-1.0%
Other assets
1,069
1,141
709
-6.3%
Total assets
41,782
41,611
41,835
+0.4%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.