Expand Energy (EXE) FY2014 results: revenue $23.1 billion, up 21.2% on the year
Expand Energy Corp. (EXE) reported revenue of $23.1 billion for fiscal 2014, the year ended 31 December 2014, up 21.2% on the year before. Net income was $1.9 billion, up 164.8%, and diluted earnings per share $1.87. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$23.1 billion
+21.2% on the year
FY2007FY2014
Operating margin
15.0%
10.8% a year earlier
FY2007FY2014
Net income
$1.9 billion
+164.8% on the year
FY2007FY2014
Diluted EPS
$1.87
+156.2% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
23,125
19,080
12,316
+21.2%
Operating income
3,477
2,069
-1,694
+68.1%
Operating margin
15.0%
10.8%
-13.8%
Interest expense
89.0
227
77.0
-60.8%
Pre-tax income
3,200
1,442
-974
+121.9%
Income tax
1,144
548
-380
+108.8%
Effective tax rate
35.8%
38.0%
n/a
Net income
1,917
724
-769
+164.8%
Net margin
8.3%
3.8%
-6.2%
Diluted EPS
$1.87
$0.73
-$1.46
+156.2%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
4,634
4,614
2,837
+0.4%
Capital expenditure
6,667
7,190
14,108
-7.3%
Free cash flow
-2,033
-2,576
-11,271
Free cash flow margin
-8.8%
-13.5%
-91.5%
Cash from investing
454
-2,967
-4,984
Cash from financing
-1,817
-1,097
2,083
Depreciation and amortisation
2,915
2,903
2,811
+0.4%
Share-based compensation
59.0
98.0
120
-39.8%
Dividends paid
234
233
227
+0.4%
Dividend per share
$0.35
$0.35
$0.35
0.0%
Diluted shares, weighted
772m
653m
643m
+18.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
16,903
15,995
15,569
+5.7%
Non-controlling interest
1,302
2,145
2,327
-39.3%
Debt
11,535
12,886
12,620
-10.5%
Other liabilities
10,915
10,756
11,095
+1.5%
Total liabilities and equity
40,655
41,782
41,611
-2.7%
Fixed assets
32,515
37,134
37,167
-12.4%
Goodwill
15.0
43.0
43.0
-65.1%
Investments
n/a
477
728
Cash and equivalents
4,108
837
287
+390.8%
Receivables
2,236
2,222
2,245
+0.6%
Other assets
1,781
1,069
1,141
+66.6%
Total assets
40,655
41,782
41,611
-2.7%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.