Matador Resources (MTDR) FY2019 results: revenue $984 million, up 9.3% on the year
Matador Resources Co. (MTDR) reported revenue of $984 million for fiscal 2019, the year ended 31 December 2019, up 9.3% on the year before. Net income was $88 million, down 68.0%, and diluted earnings per share $0.75. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2020.
Revenue
$984 million
+9.3% on the year
FY2012FY2019
Operating margin
23.9%
40.4% a year earlier
FY2012FY2019
Net income
$88 million
-68.0% on the year
FY2012FY2019
Diluted EPS
$0.75
-68.9% on the year
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
984
900
544
+9.3%
Operating income
235
363
161
-35.2%
Operating margin
23.9%
40.4%
29.6%
Interest expense
73.9
41.3
34.6
+78.8%
Pre-tax income
159
292
130
-45.7%
Income tax
35.5
-7.7
-8.2
Effective tax rate
22.4%
-2.6%
-6.3%
Net income
87.8
274
126
-68.0%
Net margin
8.9%
30.5%
23.1%
Diluted EPS
$0.75
$2.41
$1.23
-68.9%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
552
609
299
-9.3%
Capital expenditure
946
1,505
873
-37.1%
Free cash flow
-394
-896
-574
Free cash flow margin
-40.1%
-99.6%
-105.4%
Cash from investing
-904
-1,515
-819
Cash from financing
333
888
408
-62.5%
Depreciation and amortisation
351
265
178
+32.2%
Share-based compensation
18.5
17.2
16.7
+7.6%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
117m
114m
103m
+3.0%
Shares outstanding at period end
116m
116m
109m
0.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,834
1,689
1,157
+8.6%
Non-controlling interest
136
90.8
101
+49.6%
Debt
1,582
1,298
574
+21.9%
Operating lease liabilities
41.5
n/a
n/a
Finance lease liabilities
0.5
n/a
n/a
Other liabilities
476
378
314
+25.9%
Total liabilities and equity
4,070
3,456
2,146
+17.8%
Fixed assets
3,700
3,123
1,881
+18.5%
Cash and equivalents
40.0
64.5
96.5
-38.0%
Receivables
95.2
68.2
66.0
+39.7%
Other assets
235
200
102
+17.4%
Total assets
4,070
3,456
2,146
+17.8%
10-K for the year ended 31 December 2019, filed 2 March 2020: the filing.