ExxonMobil Holdings (XOM) FY2014 results: revenue $394.1 billion, down 6.4% on the year
ExxonMobil Holdings Corp. (XOM) reported revenue of $394.1 billion for fiscal 2014, the year ended 31 December 2014, down 6.4% on the year before. Net income was $32.5 billion, down 0.2%, and diluted earnings per share $7.60. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2015.
Revenue
$394.1 billion
-6.4% on the year
FY2009FY2014
Operating margin
8.6%
9.6% a year earlier
FY2009FY2014
Net income
$32.5 billion
-0.2% on the year
FY2009FY2014
Diluted EPS
$7.60
+3.1% on the year
FY2009FY2014
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
394,105
420,836
451,509
-6.4%
Research and development
971
1,044
1,042
-7.0%
Selling, general and administrative
12,598
12,877
13,877
-2.2%
Operating income
33,796
40,292
49,554
-16.1%
Operating margin
8.6%
9.6%
11.0%
Interest expense
286
9.0
327
+3,077.8%
Pre-tax income
51,630
57,711
78,726
-10.5%
Income tax
18,015
24,263
31,045
-25.8%
Effective tax rate
34.9%
42.0%
39.4%
Net income
32,520
32,580
44,880
-0.2%
Net margin
8.3%
7.7%
9.9%
Diluted EPS
$7.60
$7.37
$9.70
+3.1%
$ 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
n/a
n/a
56,170
Capital expenditure
32,952
33,669
34,271
-2.1%
Free cash flow
n/a
n/a
21,899
Free cash flow margin
n/a
n/a
4.9%
Cash from investing
n/a
n/a
-25,601
Cash from financing
n/a
n/a
-33,868
Depreciation and amortisation
17,297
17,182
15,888
+0.7%
Buybacks
13,183
15,998
21,068
-17.6%
Dividends paid
11,568
10,875
10,092
+6.4%
Dividend per share
$2.70
$2.46
$2.18
+9.8%
Diluted shares, weighted
4,282m
4,419m
4,628m
-3.1%
Shares outstanding at period end
4,201m
4,335m
4,502m
-3.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
174,399
174,003
165,863
+0.2%
Non-controlling interest
6,665
6,492
5,797
+2.7%
Debt
12,070
7,534
8,525
+60.2%
Other liabilities
156,359
158,779
153,610
-1.5%
Total liabilities and equity
349,493
346,808
333,795
+0.8%
Fixed assets
252,668
243,650
226,949
+3.7%
Cash and equivalents
4,616
4,644
9,582
-0.6%
Receivables
18,541
25,993
28,373
-28.7%
Other assets
73,668
72,521
68,891
+1.6%
Total assets
349,493
346,808
333,795
+0.8%
10-K for the year ended 31 December 2014, filed 25 February 2015: the filing.