Expand Energy (EXE) FY2018 results: revenue $10.0 billion, down 0.1% on the year
Expand Energy Corp. (EXE) reported revenue of $10.0 billion for fiscal 2018, the year ended 31 December 2018, down 0.1% on the year before. Net income was $226 million, and diluted earnings per share $0.85. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$10.0 billion
-0.1% on the year
FY2011FY2018
Operating margin
3.8%
-1.4% a year earlier
FY2011FY2018
Net income
$226 million
FY2011FY2018
Diluted EPS
$0.85
-5.6% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
10,030
10,039
8,705
-0.1%
Operating income
382
-138
-3,256
Operating margin
3.8%
-1.4%
-37.4%
Interest expense
633
601
528
+5.3%
Pre-tax income
218
-500
-3,680
Income tax
-10.0
2.0
-190
Effective tax rate
-4.6%
n/a
n/a
Net income
226
-505
-3,493
Net margin
2.3%
-5.0%
-40.1%
Diluted EPS
$0.85
$0.90
-$6.45
-5.6%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,730
475
-980
+264.2%
Capital expenditure
21.0
21.0
1,446
0.0%
Free cash flow
1,709
454
-2,426
+276.4%
Free cash flow margin
17.0%
4.5%
-27.9%
Cash from investing
455
-918
116
Cash from financing
-2,186
-434
921
Depreciation and amortisation
1,737
1,697
1,698
+2.4%
Share-based compensation
32.0
49.0
52.0
-34.7%
Dividends paid
0.0
0.0
0.0
Dividend per share
n/a
$0.00
$0.00
Diluted shares, weighted
909m
906m
764m
+0.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
2,092
1,899
-1,331
+10.2%
Non-controlling interest
41.0
44.0
128
-6.8%
Debt
7,722
9,973
10,441
-22.6%
Other liabilities
2,880
3,009
3,790
-4.3%
Total liabilities and equity
12,735
14,925
13,028
-14.7%
Fixed assets
10,818
13,179
10,609
-17.9%
Cash and equivalents
4.0
5.0
882
-20.0%
Receivables
1,247
1,322
1,057
-5.7%
Other assets
666
419
480
+58.9%
Total assets
12,735
14,925
13,028
-14.7%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.