SM Energy (SM) FY2012 results: revenue $1.5 billion, down 6.1% on the year
SM Energy Co. (SM) reported revenue of $1.5 billion for fiscal 2012, the year ended 31 December 2012, down 6.1% on the year before. Net income was -$54 million, and diluted earnings per share $-0.83. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2013.
Revenue
$1.5 billion
-6.1% on the year
FY2008FY2012
Operating margin
-1.3%
24.0% a year earlier
FY2008FY2012
Net income
-$54 million
FY2008FY2012
Diluted EPS
-$0.83
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,505
1,603
1,093
-6.1%
Operating income
-20.0
384
339
Operating margin
-1.3%
24.0%
31.0%
Interest expense
63.7
45.8
24.2
+39.0%
Pre-tax income
-83.5
339
315
Income tax
-29.3
124
118
Effective tax rate
n/a
36.5%
37.5%
Net income
-54.2
215
197
Net margin
-3.6%
13.4%
18.0%
Diluted EPS
-$0.83
$3.19
$3.04
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
922
761
497
+21.2%
Cash from investing
-1,457
-1,265
-362
Cash from financing
422
618
-141
-31.8%
Share-based compensation
30.2
26.8
26.7
+12.5%
Dividends paid
6.5
6.4
6.3
+2.0%
Dividend per share
$0.10
$0.10
$0.10
0.0%
Diluted shares, weighted
65m
68m
65m
-3.6%
Shares outstanding at period end
66m
64m
63m
+3.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,414
1,463
1,219
-3.3%
Debt
1,440
285
324
+405.1%
Other liabilities
1,345
2,051
1,202
-34.4%
Total liabilities and equity
4,200
3,799
2,744
+10.5%
Fixed assets
3,677
3,097
2,434
+18.7%
Intangible assets
10.8
7.1
4.4
+52.1%
Cash and equivalents
5.9
119
5.1
-95.0%
Receivables
255
210
163
+21.1%
Other assets
251
366
138
-31.4%
Total assets
4,200
3,799
2,744
+10.5%
10-K for the year ended 31 December 2012, filed 21 February 2013: the filing.