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Imperial Oil (IMO) Q3 FY2021 earnings: revenue $10.2 billion

Imperial Oil Ltd. (IMO) reported revenue of $10.2 billion for Q3 FY2021, the quarter ended 30 September 2021. Net income was $908 million, up 30166.7% on the year as this quarter's filing gives it, and diluted earnings per share $1.29. The figures are the company's own, from the 10-Q it filed with the SEC on 2 November 2022.

Revenue$10.2 billion
Net income$908 millionup 30166.7% on the year
Diluted EPS$1.29
QuarterQ3 FY2021ended 30 September 2021

The quarter, against the one before and a year earlier

LineQ3 FY2021Q1 FY2013A year earlierChange on the year
Revenue10,2331,385n/an/a
Selling, general and administrativen/a254n/an/a
Operating income1,189-5,559n/an/a
Operating margin11.6%-401.4%n/a
Interest expense5.0n/an/an/a
Pre-tax income1,1891,070n/an/a
Income tax281272n/an/a
Effective tax rate23.6%25.4%n/a
Net income908798n/an/a
Net margin8.9%57.6%n/a
Diluted EPS$1.29$0.94n/an/a
$ 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 and capital returned

LineQ3 FY2021Q1 FY2013A year earlierChange on the year
Operating cash flow1,947597n/an/a
Capital expenditure2761,345n/an/a
Free cash flow1,671-748n/an/a
Free cash flow margin16.3%-54.0%n/a
Cash from investing-259-2,935n/an/a
Cash from financing-5892,179n/an/a
Depreciation and amortisation488185n/an/a
Buybacks313n/an/an/a
Dividends paid195102n/an/a
Dividend per share$0.27$0.12n/an/a
Diluted shares, weighted702m851mn/an/a
Shares outstanding at period end696m848mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2021Q1 FY2013A year earlierChange on the year
Shareholders' equity21,20917,023n/an/a
Debt4,4472,635n/an/a
Operating lease liabilities164n/an/an/a
Finance lease liabilities613n/an/an/a
Other liabilities14,44213,461n/an/a
Total liabilities and equity40,87533,119n/an/a
Fixed assets31,37827,124n/an/a
Goodwill166224n/an/a
Intangible assetsn/a54.0n/an/a
Cash and equivalents1,875323n/an/a
Receivables3,8712,232n/an/a
Inventory444n/an/an/a
Other assets3,1413,162n/an/a
Total assets40,87533,119n/an/a

Questions

What was Imperial Oil's revenue in Q3 FY2021?

Imperial Oil (IMO) reported revenue of $10.2 billion for Q3 FY2021, the quarter ended 30 September 2021.

How much did Imperial Oil earn in Q3 FY2021?

Net income for Q3 FY2021 was $908 million, up 30166.7% on the year, and diluted earnings per share $1.29.

When did Imperial Oil report Q3 FY2021 results?

Imperial Oil filed its 10-Q for the quarter ended 30 September 2021 with the SEC on 2 November 2022.

Quarterly results, the last 20 quarters

Q1 FY2013Q3 FY2021Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,38510,23312,68617,30715,22414,45312,12111,81913,92013,10912,28313,38313,25912,60712,51711,23212,04911,28012,44616,062
SG&A254n/an/an/an/an/an/an/a237n/a246221223255259251622254397144
Operating income-5,5591,1891,5343,1662,5052,2791,6458842,1001,7401,5721,4891,6031,5751,6881,2447016291,2322,860
Operating margin-401%12%12%18%16%16%14%7%15%13%13%11%12%12%13%11%6%6%10%18%
Interest expensen/a5.07.011.016.026.016.016.019.018.012.014.011.04.0-2.02.08.04.011.014.0
Pre-tax income1,0701,1891,5343,1662,5052,2791,6458842,1001,7401,5721,4891,6031,5751,6881,2447016291,2322,860
Tax rate25%24%24%24%19%24%24%24%24%22%24%24%23%22%24%24%23%22%24%23%
Net income7989081,1732,4092,0311,7271,2486751,6011,3651,1951,1331,2371,2251,2889495394929402,190
Net margin58%9%9%14%13%12%10%6%12%10%10%8%9%10%10%8%4%4%8%14%
Diluted EPS$0.94$1.29$1.75$3.63$3.24$2.86$2.13$1.15$2.76$2.47$2.23$2.11$2.33$2.37$2.52$1.86$1.07$1.00$1.94$4.52
Operating cash flow5971,9471,9142,6823,0892,797-8218852,3591,3111,0761,6291,4871,7891,5271,4651,7981,9187562,704
Capital expenditure1,345276304333397492429499387470497461486423398471504632475530
Free cash flow-7481,6711,6102,3492,6922,305-1,2503861,9728415791,1681,0011,3661,1299941,2941,2862812,174
Buybacksn/a3134492,5001,5121,9340.00.01,3422,4580.00.01,2061,47554.00.01,4691,71164.00.0
Dividends paid102195185228227211266257292288278321322317307367366361350421
Shares outstanding848m696m669m637m612m584m584m584m567m536m536m536m523m509m509m509m497m484m484m484m
Filing10-Q10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2021, filed 2 November 2022: the filing.