Expand Energy (EXE) FY2020 results: revenue $5.2 billion, down 38.6% on the year
Expand Energy Corp. (EXE) reported revenue of $5.2 billion for fiscal 2020, the year ended 31 December 2020, down 38.6% on the year before. Net income was -$9.7 billion, and diluted earnings per share $-998.26. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$5.2 billion
-38.6% on the year
FY2013FY2020
Operating margin
-166.1%
-0.4% a year earlier
FY2013FY2020
Net income
-$9.7 billion
FY2013FY2020
Diluted EPS
-$998.26
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
5,240
8,532
10,030
-38.6%
Operating income
-8,703
-31.0
382
Operating margin
-166.1%
-0.4%
3.8%
Interest expense
331
651
633
-49.2%
Pre-tax income
-9,769
-639
218
Income tax
-19.0
-331
-10.0
Effective tax rate
n/a
n/a
-4.6%
Net income
-9,734
-308
226
Net margin
-185.8%
-3.6%
2.3%
Diluted EPS
-$998.26
-$0.25
$0.85
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,164
1,623
1,730
-28.3%
Capital expenditure
1,142
48.0
21.0
+2,279.2%
Free cash flow
22.0
1,575
1,709
-98.6%
Free cash flow margin
0.4%
18.5%
17.0%
Cash from investing
-992
-2,480
455
Cash from financing
101
859
-2,186
-88.2%
Depreciation and amortisation
1,097
2,264
1,737
-51.5%
Share-based compensation
21.0
30.0
32.0
-30.0%
Buybacks
0.0
n/a
n/a
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
10m
1,665m
909m
-99.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
-5,341
4,364
2,092
Non-controlling interest
0.0
37.0
41.0
Debt
1,929
9,458
7,722
-79.6%
Operating lease liabilities
2.0
16.0
n/a
-87.5%
Finance lease liabilities
0.0
9.0
n/a
Other liabilities
9,994
2,309
2,880
+332.8%
Total liabilities and equity
6,584
16,193
12,735
-59.3%
Fixed assets
5,242
14,756
10,818
-64.5%
Cash and equivalents
279
6.0
4.0
+4,550.0%
Receivables
746
990
1,247
-24.6%
Other assets
317
441
666
-28.1%
Total assets
6,584
16,193
12,735
-59.3%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.