National Fuel Gas (NFG) FY2017 results: revenue $1.6 billion, up 8.8% on the year
National Fuel Gas Co. (NFG) reported revenue of $1.6 billion for fiscal 2017, the year ended 30 September 2017, up 8.8% on the year before. Net income was $283 million, and diluted earnings per share $3.30. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2018.
Revenue
$1.6 billion
+8.8% on the year
FY2010FY2017
Operating margin
37.6%
-28.7% a year earlier
FY2010FY2017
Net income
$283 million
FY2010FY2017
Diluted EPS
$3.30
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2012
On the year
Last 8 years
Revenue
1,580
1,452
1,627
+8.8%
Operating income
594
-417
448
Operating margin
37.6%
-28.7%
27.5%
Interest expense
120
121
86.2
-1.0%
Pre-tax income
444
-524
371
Income tax
161
-233
151
Effective tax rate
36.2%
n/a
40.6%
Net income
283
-291
220
Net margin
17.9%
-20.0%
13.5%
Diluted EPS
$3.30
-$3.43
$2.63
$ 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
FY2017
FY2016
FY2012
On the year
Last 8 years
Operating cash flow
685
589
661
+16.2%
Capital expenditure
450
582
1,037
-22.6%
Free cash flow
234
7.4
-376
+3,063.2%
Free cash flow margin
14.8%
0.5%
-23.1%
Cash from investing
-423
n/a
-1,036
Cash from financing
164
n/a
370
Depreciation and amortisation
224
249
272
-10.1%
Share-based compensation
12.3
5.8
7.9
+113.1%
Dividends paid
139
135
119
+3.1%
Dividend per share
$1.64
$1.60
$1.44
+2.5%
Diluted shares, weighted
86m
85m
84m
+1.4%
Shares outstanding at period end
86m
85m
83m
+0.5%
Balance sheet
$ million
FY2017
FY2016
FY2012
On the year
Last 8 years
Shareholders' equity
1,704
1,527
1,960
+11.6%
Short-term borrowings
0.0
0.0
n/a
Debt
2,384
2,099
1,570
+13.6%
Other liabilities
2,016
2,010
2,405
+0.3%
Total liabilities and equity
6,103
5,636
5,935
+8.3%
Fixed assets
4,674
4,454
4,740
+4.9%
Goodwill
5.5
5.5
5.5
0.0%
Cash and equivalents
556
130
74.5
+327.4%
Receivables
112
133
116
-15.6%
Other assets
756
913
1,000
-17.2%
Total assets
6,103
5,636
5,935
+8.3%
10-K for the year ended 30 September 2017, filed 16 November 2018: the filing.