Matador Resources (MTDR) FY2018 results: revenue $900 million, up 65.3% on the year
Matador Resources Co. (MTDR) reported revenue of $900 million for fiscal 2018, the year ended 31 December 2018, up 65.3% on the year before. Net income was $274 million, up 117.9%, and diluted earnings per share $2.41. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$900 million
+65.3% on the year
FY2011FY2018
Operating margin
40.4%
29.6% a year earlier
FY2011FY2018
Net income
$274 million
+117.9% on the year
FY2011FY2018
Diluted EPS
$2.41
+95.9% 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
900
544
264
+65.3%
Operating income
363
161
-177
+125.9%
Operating margin
40.4%
29.6%
-67.0%
Interest expense
41.3
34.6
28.2
+19.6%
Pre-tax income
292
130
-98.1
+124.9%
Income tax
-7.7
-8.2
-1.0
Effective tax rate
-2.6%
-6.3%
n/a
Net income
274
126
-97.4
+117.9%
Net margin
30.5%
23.1%
-36.8%
Diluted EPS
$2.41
$1.23
-$1.07
+95.9%
$ 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
609
299
134
+103.4%
Capital expenditure
1,505
873
454
+72.4%
Free cash flow
-896
-574
-320
Free cash flow margin
-99.6%
-105.4%
-121.1%
Cash from investing
-1,515
-819
-449
Cash from financing
888
408
468
+117.4%
Depreciation and amortisation
265
178
122
+49.4%
Share-based compensation
17.2
16.7
12.4
+3.3%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
114m
103m
91m
+10.9%
Shares outstanding at period end
116m
109m
100m
+7.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,689
1,157
690
+46.0%
Non-controlling interest
90.8
101
1.3
-10.1%
Debt
1,298
574
574
+126.1%
Other liabilities
378
314
199
+20.4%
Total liabilities and equity
3,456
2,146
1,465
+61.0%
Fixed assets
3,123
1,881
1,185
+66.0%
Cash and equivalents
64.5
96.5
213
-33.1%
Receivables
68.2
66.0
34.2
+3.3%
Other assets
200
102
33.1
+96.5%
Total assets
3,456
2,146
1,465
+61.0%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.