Expand Energy (EXE) FY2016 results: revenue $8.7 billion, down 31.8% on the year
Expand Energy Corp. (EXE) reported revenue of $8.7 billion for fiscal 2016, the year ended 31 December 2016, down 31.8% on the year before. Net income was -$3.5 billion, and diluted earnings per share $-6.45. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2017.
Revenue
$8.7 billion
-31.8% on the year
FY2009FY2016
Operating margin
-37.4%
-148.2% a year earlier
FY2009FY2016
Net income
-$3.5 billion
FY2009FY2016
Diluted EPS
-$6.45
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
8,705
12,764
23,125
-31.8%
Operating income
-3,256
-18,919
3,477
Operating margin
-37.4%
-148.2%
15.0%
Interest expense
528
317
89.0
+66.6%
Pre-tax income
-3,680
-19,098
3,200
Income tax
-190
-4,463
1,144
Effective tax rate
n/a
n/a
35.8%
Net income
-3,493
-14,567
1,917
Net margin
-40.1%
-114.1%
8.3%
Diluted EPS
-$6.45
-$22.26
$1.87
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
-980
1,234
4,634
Capital expenditure
1,446
3,614
6,667
-60.0%
Free cash flow
-2,426
-2,380
-2,033
Free cash flow margin
-27.9%
-18.6%
-8.8%
Cash from investing
116
-3,451
454
Cash from financing
921
-1,066
-1,817
Depreciation and amortisation
1,698
2,229
2,915
-23.8%
Share-based compensation
52.0
78.0
59.0
-33.3%
Dividends paid
0.0
118
234
Dividend per share
$0.00
$0.09
$0.35
Diluted shares, weighted
764m
662m
772m
+15.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
-1,331
2,138
16,903
Non-controlling interest
128
259
1,302
-50.6%
Debt
10,441
10,692
11,535
-2.3%
Other liabilities
3,790
4,225
10,915
-10.3%
Total liabilities and equity
13,028
17,314
40,655
-24.8%
Fixed assets
10,609
14,298
32,515
-25.8%
Goodwill
n/a
n/a
15.0
Cash and equivalents
882
825
4,108
+6.9%
Receivables
1,057
1,129
2,236
-6.4%
Other assets
480
1,062
1,781
-54.8%
Total assets
13,028
17,314
40,655
-24.8%
10-K for the year ended 31 December 2016, filed 3 March 2017: the filing.