SM Energy (SM) FY2017 results: revenue $1.1 billion, down 7.2% on the year
SM Energy Co. (SM) reported revenue of $1.1 billion for fiscal 2017, the year ended 31 December 2017, down 7.2% on the year before. Net income was -$161 million, and diluted earnings per share $-1.44. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2018.
Revenue
$1.1 billion
-7.2% on the year
FY2010FY2017
Operating margin
-14.5%
-86.8% a year earlier
FY2010FY2017
Net income
-$161 million
FY2010FY2017
Diluted EPS
-$1.44
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,129
1,217
1,557
-7.2%
Cost of revenue
508
598
n/a
-15.0%
Gross profit
621
620
n/a
+0.3%
Gross margin
55.0%
50.9%
n/a
Operating income
-164
-1,057
-579
Operating margin
-14.5%
-86.8%
-37.2%
Interest expense
179
159
128
+13.0%
Pre-tax income
-344
-1,202
-723
Income tax
-183
-444
-275
Net income
-161
-758
-448
Net margin
-14.2%
-62.2%
-28.8%
Diluted EPS
-$1.44
-$9.90
-$6.61
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
515
553
991
-6.8%
Cash from investing
-202
-1,868
-1,145
Cash from financing
-12.3
1,327
154
Share-based compensation
22.7
26.9
27.5
-15.6%
Dividends paid
11.1
7.8
6.8
+43.8%
Dividend per share
$0.10
$0.10
$0.10
0.0%
Diluted shares, weighted
111m
77m
68m
+45.5%
Shares outstanding at period end
112m
111m
68m
+0.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,395
2,497
1,852
-4.1%
Debt
2,909
2,898
2,518
+0.4%
Other liabilities
873
999
1,251
-12.6%
Total liabilities and equity
6,177
6,394
5,622
-3.4%
Fixed assets
5,555
6,081
4,950
-8.7%
Cash and equivalents
314
9.4
0.0
+3,249.8%
Receivables
160
152
134
+5.4%
Other assets
148
151
537
-2.0%
Total assets
6,177
6,394
5,622
-3.4%
10-K for the year ended 31 December 2017, filed 21 February 2018: the filing.