Matador Resources (MTDR) FY2014 results: revenue $432 million, up 65.7% on the year
Matador Resources Co. (MTDR) reported revenue of $432 million for fiscal 2014, the year ended 31 December 2014, up 65.7% on the year before. Net income was $111 million, up 145.6%, and diluted earnings per share $1.56. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$432 million
+65.7% on the year
FY2010FY2014
Operating margin
41.7%
23.2% a year earlier
FY2010FY2014
Net income
$111 million
+145.6% on the year
FY2010FY2014
Diluted EPS
$1.56
+102.6% on the year
FY2010FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
432
261
165
+65.7%
Operating income
180
60.4
-33.4
+198.3%
Operating margin
41.7%
23.2%
-20.2%
Interest expense
5.3
5.7
1.0
-6.2%
Pre-tax income
175
54.8
-34.7
+219.6%
Income tax
64.4
9.7
-1.4
+563.9%
Effective tax rate
36.8%
17.7%
n/a
Net income
111
45.1
-33.3
+145.6%
Net margin
25.6%
17.3%
-20.1%
Diluted EPS
$1.56
$0.77
n/a
+102.6%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
251
179
124
+40.1%
Capital expenditure
610
4.0
7.3
+15,247.5%
Free cash flow
-359
175
117
Free cash flow margin
-83.0%
67.3%
70.8%
Cash from investing
-571
-367
-307
Cash from financing
321
192
174
+67.6%
Depreciation and amortisation
135
98.4
80.5
+36.9%
Share-based compensation
5.5
3.9
0.1
+41.8%
Dividends paid
0.0
0.0
0.1
Diluted shares, weighted
71m
59m
54m
+20.3%
Shares outstanding at period end
73m
66m
56m
+11.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
866
569
379
+52.3%
Non-controlling interest
0.1
0.0
n/a
Debt
338
200
150
+69.1%
Other liabilities
232
121
103
+90.7%
Total liabilities and equity
1,436
890
632
+61.3%
Fixed assets
1,322
846
591
+56.3%
Cash and equivalents
8.4
6.3
2.1
+33.7%
Receivables
29.0
25.8
24.4
+12.2%
Inventory
n/a
0.0
0.0
Other assets
76.8
12.3
14.4
+522.5%
Total assets
1,436
890
632
+61.3%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.