Expand Energy (EXE) FY2019 results: revenue $8.5 billion, down 14.9% on the year
Expand Energy Corp. (EXE) reported revenue of $8.5 billion for fiscal 2019, the year ended 31 December 2019, down 14.9% on the year before. Net income was -$308 million, and diluted earnings per share $-0.25. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$8.5 billion
-14.9% on the year
FY2012FY2019
Operating margin
-0.4%
3.8% a year earlier
FY2012FY2019
Net income
-$308 million
FY2012FY2019
Diluted EPS
-$0.25
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
8,532
10,030
10,039
-14.9%
Operating income
-31.0
382
-138
Operating margin
-0.4%
3.8%
-1.4%
Interest expense
651
633
601
+2.8%
Pre-tax income
-639
218
-500
Income tax
-331
-10.0
2.0
Effective tax rate
n/a
-4.6%
n/a
Net income
-308
226
-505
Net margin
-3.6%
2.3%
-5.0%
Diluted EPS
-$0.25
$0.85
$0.90
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,623
1,730
475
-6.2%
Capital expenditure
48.0
21.0
21.0
+128.6%
Free cash flow
1,575
1,709
454
-7.8%
Free cash flow margin
18.5%
17.0%
4.5%
Cash from investing
-2,480
455
-918
Cash from financing
859
-2,186
-434
Depreciation and amortisation
2,264
1,737
1,697
+30.3%
Share-based compensation
30.0
32.0
49.0
-6.2%
Dividends paid
0.0
0.0
0.0
Dividend per share
n/a
n/a
$0.00
Diluted shares, weighted
1,665m
909m
906m
+83.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
4,364
2,092
1,899
+108.6%
Non-controlling interest
37.0
41.0
44.0
-9.8%
Debt
9,458
7,722
9,973
+22.5%
Operating lease liabilities
16.0
n/a
n/a
Finance lease liabilities
9.0
n/a
n/a
Other liabilities
2,309
2,880
3,009
-19.8%
Total liabilities and equity
16,193
12,735
14,925
+27.2%
Fixed assets
14,756
10,818
13,179
+36.4%
Cash and equivalents
6.0
4.0
5.0
+50.0%
Receivables
990
1,247
1,322
-20.6%
Other assets
441
666
419
-33.8%
Total assets
16,193
12,735
14,925
+27.2%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.