National Fuel Gas (NFG) FY2018 results: revenue $1.6 billion, up 0.8% on the year
National Fuel Gas Co. (NFG) reported revenue of $1.6 billion for fiscal 2018, the year ended 30 September 2018, up 0.8% on the year before. Net income was $392 million, up 38.1%, and diluted earnings per share $4.53. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2018.
Revenue
$1.6 billion
+0.8% on the year
FY2010FY2018
Operating margin
32.6%
37.6% a year earlier
FY2010FY2018
Net income
$392 million
+38.1% on the year
FY2010FY2018
Diluted EPS
$4.53
+37.3% on the year
FY2010FY2018
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
1,593
1,580
1,452
+0.8%
Cost of revenue
338
n/a
n/a
Gross profit
1,255
n/a
n/a
Gross margin
78.8%
n/a
n/a
Operating income
520
594
-417
-12.5%
Operating margin
32.6%
37.6%
-28.7%
Interest expense
115
120
121
-4.4%
Pre-tax income
384
444
-524
-13.5%
Income tax
-7.5
161
-233
Effective tax rate
-2.0%
36.2%
n/a
Net income
392
283
-291
+38.1%
Net margin
24.6%
17.9%
-20.0%
Diluted EPS
$4.53
$3.30
-$3.43
+37.3%
$ 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
615
685
589
-10.1%
Capital expenditure
584
450
582
+29.7%
Free cash flow
31.3
234
7.4
-86.6%
Free cash flow margin
2.0%
14.8%
0.5%
Cash from investing
-529
-423
n/a
Cash from financing
-411
164
n/a
Depreciation and amortisation
241
224
249
+7.5%
Share-based compensation
15.8
12.3
5.8
+28.5%
Dividends paid
143
139
135
+3.0%
Dividend per share
$1.68
$1.64
$1.60
+2.4%
Diluted shares, weighted
86m
86m
85m
+0.5%
Shares outstanding at period end
86m
86m
85m
+0.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,937
1,704
1,527
+13.7%
Short-term borrowings
0.0
0.0
0.0
Debt
2,131
2,384
2,099
-10.6%
Other liabilities
1,968
2,016
2,010
-2.4%
Total liabilities and equity
6,036
6,103
5,636
-1.1%
Fixed assets
4,977
4,674
4,454
+6.5%
Goodwill
5.5
5.5
5.5
0.0%
Cash and equivalents
230
556
130
-58.7%
Receivables
141
112
133
+25.9%
Other assets
683
756
913
-9.7%
Total assets
6,036
6,103
5,636
-1.1%
10-K for the year ended 30 September 2018, filed 16 November 2018: the filing.