Occidental Petroleum (OXY) FY2013 results: revenue $20.2 billion, up 0.3% on the year
Occidental Petroleum Corp. (OXY) reported revenue of $20.2 billion for fiscal 2013, the year ended 31 December 2013, up 0.3% on the year before. Net income was $5.9 billion, up 28.4%, and diluted earnings per share $7.32. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$20.2 billion
+0.3% on the year
FY2007FY2013
Operating margin
n/a
FY2007FY2013
Net income
$5.9 billion
+28.4% on the year
FY2007FY2013
Diluted EPS
$7.32
+29.1% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
20,170
20,100
23,939
+0.3%
Pre-tax income
7,751
6,125
10,459
+26.5%
Income tax
3,214
2,659
4,201
+20.9%
Effective tax rate
41.5%
43.4%
40.2%
Net income
5,903
4,598
6,771
+28.4%
Net margin
29.3%
22.9%
28.3%
Diluted EPS
$7.32
$5.67
$8.32
+29.1%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
12,778
11,312
12,281
+13.0%
Capital expenditure
7,357
7,874
7,518
-6.6%
Free cash flow
5,421
3,438
4,763
+57.7%
Free cash flow margin
26.9%
17.1%
19.9%
Cash from investing
-8,044
-12,655
-9,903
Cash from financing
-2,933
-846
-1,175
Depreciation and amortisation
4,203
3,585
3,591
+17.2%
Share-based compensation
152
78.0
110
+94.9%
Buybacks
943
583
274
+61.7%
Dividends paid
1,553
2,128
1,436
-27.0%
Dividend per share
$2.56
$2.16
$1.84
+18.5%
Diluted shares, weighted
805m
810m
813m
-0.7%
Shares outstanding at period end
890m
889m
887m
+0.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
43,126
40,016
37,620
+7.8%
Non-controlling interest
246
32.0
n/a
+668.8%
Debt
7,000
7,600
5,900
-7.9%
Other liabilities
19,071
16,562
16,524
+15.1%
Total liabilities and equity
69,443
64,210
60,044
+8.1%
Fixed assets
55,821
52,064
45,684
+7.2%
Investments
1,459
1,894
2,072
-23.0%
Cash and equivalents
3,393
1,592
3,781
+113.1%
Receivables
5,674
4,916
5,395
+15.4%
Inventory
1,200
1,344
1,069
-10.7%
Other assets
1,896
2,400
2,043
-21.0%
Total assets
69,443
64,210
60,044
+8.1%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.