Expand Energy (EXE) FY2015 results: revenue $12.8 billion, down 44.8% on the year
Expand Energy Corp. (EXE) reported revenue of $12.8 billion for fiscal 2015, the year ended 31 December 2015, down 44.8% on the year before. Net income was -$14.6 billion, and diluted earnings per share $-22.26. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$12.8 billion
-44.8% on the year
FY2008FY2015
Operating margin
-148.2%
15.0% a year earlier
FY2008FY2015
Net income
-$14.6 billion
FY2008FY2015
Diluted EPS
-$22.26
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
12,764
23,125
19,080
-44.8%
Operating income
-18,919
3,477
2,069
Operating margin
-148.2%
15.0%
10.8%
Interest expense
317
89.0
227
+256.2%
Pre-tax income
-19,098
3,200
1,442
Income tax
-4,463
1,144
548
Effective tax rate
n/a
35.8%
38.0%
Net income
-14,567
1,917
724
Net margin
-114.1%
8.3%
3.8%
Diluted EPS
-$22.26
$1.87
$0.73
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,234
4,634
4,614
-73.4%
Capital expenditure
3,614
6,667
7,190
-45.8%
Free cash flow
-2,380
-2,033
-2,576
Free cash flow margin
-18.6%
-8.8%
-13.5%
Cash from investing
-3,451
454
-2,967
Cash from financing
-1,066
-1,817
-1,097
Depreciation and amortisation
2,229
2,915
2,903
-23.5%
Share-based compensation
78.0
59.0
98.0
+32.2%
Dividends paid
118
234
233
-49.6%
Dividend per share
$0.09
$0.35
$0.35
-75.0%
Diluted shares, weighted
662m
772m
653m
-14.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,138
16,903
15,995
-87.4%
Non-controlling interest
259
1,302
2,145
-80.1%
Debt
10,692
11,535
12,886
-7.3%
Other liabilities
4,225
10,915
10,756
-61.3%
Total liabilities and equity
17,314
40,655
41,782
-57.4%
Fixed assets
14,298
32,515
37,134
-56.0%
Goodwill
n/a
15.0
43.0
Investments
n/a
n/a
477
Cash and equivalents
825
4,108
837
-79.9%
Receivables
1,129
2,236
2,222
-49.5%
Other assets
1,062
1,781
1,069
-40.4%
Total assets
17,314
40,655
41,782
-57.4%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.