ExxonMobil Holdings (XOM) FY2019 results: revenue $264.9 billion, down 8.7% on the year
ExxonMobil Holdings Corp. (XOM) reported revenue of $264.9 billion for fiscal 2019, the year ended 31 December 2019, down 8.7% on the year before. Net income was $14.3 billion, down 31.2%, and diluted earnings per share $3.36. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2020.
Revenue
$264.9 billion
-8.7% on the year
FY2012FY2019
Operating margin
7.6%
10.7% a year earlier
FY2012FY2019
Net income
$14.3 billion
-31.2% on the year
FY2012FY2019
Diluted EPS
$3.36
-31.1% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
264,938
290,212
244,363
-8.7%
Research and development
1,214
1,116
1,063
+8.8%
Selling, general and administrative
11,398
11,480
10,649
-0.7%
Operating income
20,056
30,953
18,674
-35.2%
Operating margin
7.6%
10.7%
7.6%
Interest expense
830
766
601
+8.4%
Pre-tax income
20,056
30,953
18,674
-35.2%
Income tax
5,282
9,532
-1,174
-44.6%
Effective tax rate
26.3%
30.8%
-6.3%
Net income
14,340
20,840
19,710
-31.2%
Net margin
5.4%
7.2%
8.1%
Diluted EPS
$3.36
$4.88
$4.63
-31.1%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
29,716
36,014
30,066
-17.5%
Capital expenditure
24,361
19,574
15,402
+24.5%
Free cash flow
5,355
16,440
14,664
-67.4%
Free cash flow margin
2.0%
5.7%
6.0%
Cash from investing
-23,084
-16,446
-15,730
Cash from financing
-6,618
-19,446
-15,130
Depreciation and amortisation
18,998
18,745
19,893
+1.3%
Buybacks
594
626
747
-5.1%
Dividends paid
14,652
13,798
13,001
+6.2%
Dividend per share
$3.43
$3.23
$3.06
+6.2%
Diluted shares, weighted
4,270m
4,270m
4,256m
0.0%
Shares outstanding at period end
4,234m
4,237m
4,239m
-0.1%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
191,650
191,794
187,688
-0.1%
Non-controlling interest
7,288
6,734
6,812
+8.2%
Debt
26,342
20,538
27,866
+28.3%
Other liabilities
137,317
127,130
126,325
+8.0%
Total liabilities and equity
362,597
346,196
348,691
+4.7%
Fixed assets
253,018
247,101
252,630
+2.4%
Investments
190
n/a
n/a
Cash and equivalents
3,089
3,042
3,177
+1.5%
Receivables
21,100
19,638
21,274
+7.4%
Other assets
85,200
76,415
71,610
+11.5%
Total assets
362,597
346,196
348,691
+4.7%
10-K for the year ended 31 December 2019, filed 26 February 2020: the filing.