Occidental Petroleum (OXY) FY2015 results: revenue $12.5 billion, down 35.4% on the year
Occidental Petroleum Corp. (OXY) reported revenue of $12.5 billion for fiscal 2015, the year ended 31 December 2015, down 35.4% on the year before. Net income was -$7.8 billion, and diluted earnings per share $-10.23. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$12.5 billion
-35.4% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
-$7.8 billion
FY2008FY2015
Diluted EPS
-$10.23
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
12,480
19,312
20,170
-35.4%
Pre-tax income
-9,476
1,541
7,751
Income tax
-1,330
1,685
3,214
Effective tax rate
n/a
109.3%
41.5%
Net income
-7,829
616
5,903
Net margin
-62.7%
3.2%
29.3%
Diluted EPS
-$10.23
$0.79
$7.32
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
3,351
11,068
12,778
-69.7%
Capital expenditure
5,272
8,930
7,357
-41.0%
Free cash flow
-1,921
2,138
5,421
Free cash flow margin
-15.4%
11.1%
26.9%
Cash from investing
-5,423
-8,470
-8,044
Cash from financing
1,484
-2,202
-2,933
Depreciation and amortisation
4,544
4,261
4,203
+6.6%
Share-based compensation
49.0
129
152
-62.0%
Buybacks
593
2,500
943
-76.3%
Dividends paid
2,264
2,210
1,553
+2.4%
Dividend per share
$2.97
$2.88
$2.56
+3.1%
Diluted shares, weighted
766m
781m
805m
-2.0%
Shares outstanding at period end
891m
891m
890m
+0.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
24,350
34,959
43,126
-30.3%
Non-controlling interest
n/a
n/a
246
Debt
8,400
6,900
7,000
+21.7%
Other liabilities
10,687
14,400
19,071
-25.8%
Total liabilities and equity
43,437
56,259
69,443
-22.8%
Fixed assets
31,639
39,730
55,821
-20.4%
Investments
1,601
1,959
1,459
-18.3%
Cash and equivalents
3,201
3,789
3,393
-15.5%
Receivables
2,970
4,206
5,674
-29.4%
Inventory
986
1,052
1,200
-6.3%
Other assets
3,040
5,523
1,896
-45.0%
Total assets
43,437
56,259
69,443
-22.8%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.