SM Energy (SM) FY2015 results: revenue $1.6 billion, down 38.3% on the year
SM Energy Co. (SM) reported revenue of $1.6 billion for fiscal 2015, the year ended 31 December 2015, down 38.3% on the year before. Net income was -$448 million, and diluted earnings per share $-6.61. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$1.6 billion
-38.3% on the year
FY2008FY2015
Operating margin
-37.2%
46.2% a year earlier
FY2008FY2015
Net income
-$448 million
FY2008FY2015
Diluted EPS
-$6.61
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
1,557
2,522
2,293
-38.3%
Operating income
-579
1,166
368
Operating margin
-37.2%
46.2%
16.1%
Interest expense
128
98.6
89.7
+30.0%
Pre-tax income
-723
1,065
279
Income tax
-275
399
108
Effective tax rate
n/a
37.4%
38.6%
Net income
-448
666
171
Net margin
-28.8%
26.4%
7.5%
Diluted EPS
-$6.61
$9.79
$2.51
$ 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
991
1,457
1,339
-32.0%
Cash from investing
-1,145
-2,479
-1,193
Cash from financing
154
740
131
-79.2%
Share-based compensation
27.5
32.7
32.3
-16.0%
Dividends paid
6.8
6.7
6.7
+0.7%
Dividend per share
$0.10
$0.10
$0.10
0.0%
Diluted shares, weighted
68m
68m
68m
-0.5%
Shares outstanding at period end
68m
67m
67m
+0.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,852
2,287
1,607
-19.0%
Debt
2,518
2,332
1,600
+8.0%
Other liabilities
1,251
1,864
1,498
-32.9%
Total liabilities and equity
5,622
6,483
4,705
-13.3%
Fixed assets
4,950
5,504
3,860
-10.1%
Intangible assets
n/a
n/a
10.8
Cash and equivalents
0.0
0.1
282
-85.0%
Receivables
134
323
318
-58.4%
Other assets
537
656
234
-18.2%
Total assets
5,622
6,483
4,705
-13.3%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.