Matador Resources (MTDR) FY2020 results: revenue $862 million, down 12.4% on the year
Matador Resources Co. (MTDR) reported revenue of $862 million for fiscal 2020, the year ended 31 December 2020, down 12.4% on the year before. Net income was -$593 million, and diluted earnings per share $-5.11. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$862 million
-12.4% on the year
FY2013FY2020
Operating margin
-60.5%
23.9% a year earlier
FY2013FY2020
Net income
-$593 million
FY2013FY2020
Diluted EPS
-$5.11
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
862
984
900
-12.4%
Cost of revenue
41.5
n/a
n/a
Gross profit
821
n/a
n/a
Gross margin
95.2%
n/a
n/a
Operating income
-521
235
363
Operating margin
-60.5%
23.9%
40.4%
Interest expense
76.7
73.9
41.3
+3.8%
Pre-tax income
-599
159
292
Income tax
-45.6
35.5
-7.7
Effective tax rate
n/a
22.4%
-2.6%
Net income
-593
87.8
274
Net margin
-68.8%
8.9%
30.5%
Diluted EPS
-$5.11
$0.75
$2.41
$ 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
478
552
609
-13.5%
Capital expenditure
722
946
1,505
-23.7%
Free cash flow
-244
-394
-896
Free cash flow margin
-28.3%
-40.1%
-99.6%
Cash from investing
-776
-904
-1,515
Cash from financing
324
333
888
-2.6%
Depreciation and amortisation
362
351
265
+3.2%
Share-based compensation
13.6
18.5
17.2
-26.4%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
116m
117m
114m
-0.8%
Shares outstanding at period end
117m
116m
116m
+0.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,287
1,834
1,689
-29.8%
Non-controlling interest
226
136
90.8
+66.8%
Debt
1,815
1,582
1,298
+14.7%
Operating lease liabilities
21.6
41.5
n/a
-47.9%
Finance lease liabilities
0.3
0.5
n/a
-51.1%
Other liabilities
337
476
378
-29.1%
Total liabilities and equity
3,687
4,070
3,456
-9.4%
Fixed assets
3,368
3,700
3,123
-9.0%
Cash and equivalents
57.9
40.0
64.5
+44.7%
Receivables
85.1
95.2
68.2
-10.6%
Other assets
176
235
200
-24.8%
Total assets
3,687
4,070
3,456
-9.4%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.