Occidental Petroleum (OXY) FY2014 results: revenue $19.3 billion, down 4.3% on the year
Occidental Petroleum Corp. (OXY) reported revenue of $19.3 billion for fiscal 2014, the year ended 31 December 2014, down 4.3% on the year before. Net income was $616 million, down 89.6%, and diluted earnings per share $0.79. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2015.
Revenue
$19.3 billion
-4.3% on the year
FY2007FY2014
Operating margin
n/a
FY2007FY2014
Net income
$616 million
-89.6% on the year
FY2007FY2014
Diluted EPS
$0.79
-89.2% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
19,312
20,170
20,100
-4.3%
Pre-tax income
1,541
7,751
6,125
-80.1%
Income tax
1,685
3,214
2,659
-47.6%
Effective tax rate
109.3%
41.5%
43.4%
Net income
616
5,903
4,598
-89.6%
Net margin
3.2%
29.3%
22.9%
Diluted EPS
$0.79
$7.32
$5.67
-89.2%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
11,068
12,778
11,312
-13.4%
Capital expenditure
8,930
7,357
7,874
+21.4%
Free cash flow
2,138
5,421
3,438
-60.6%
Free cash flow margin
11.1%
26.9%
17.1%
Cash from investing
-8,470
-8,044
-12,655
Cash from financing
-2,202
-2,933
-846
Depreciation and amortisation
4,261
4,203
3,585
+1.4%
Share-based compensation
129
152
78.0
-15.1%
Buybacks
2,500
943
583
+165.1%
Dividends paid
2,210
1,553
2,128
+42.3%
Dividend per share
$2.88
$2.56
$2.16
+12.5%
Diluted shares, weighted
781m
805m
810m
-2.9%
Shares outstanding at period end
891m
890m
889m
+0.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
34,959
43,126
40,016
-18.9%
Non-controlling interest
n/a
246
32.0
Debt
6,900
7,000
7,600
-1.4%
Other liabilities
14,400
19,071
16,562
-24.5%
Total liabilities and equity
56,259
69,443
64,210
-19.0%
Fixed assets
39,730
55,821
52,064
-28.8%
Investments
1,959
1,459
1,894
+34.3%
Cash and equivalents
3,789
3,393
1,592
+11.7%
Receivables
4,206
5,674
4,916
-25.9%
Inventory
1,052
1,200
1,344
-12.3%
Other assets
5,523
1,896
2,400
+191.3%
Total assets
56,259
69,443
64,210
-19.0%
10-K for the year ended 31 December 2014, filed 23 February 2015: the filing.