ExxonMobil Holdings (XOM) FY2020 results: revenue $181.5 billion, down 31.5% on the year
ExxonMobil Holdings Corp. (XOM) reported revenue of $181.5 billion for fiscal 2020, the year ended 31 December 2020, down 31.5% on the year before. Net income was -$22.4 billion, and diluted earnings per share $-5.25. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2021.
Revenue
$181.5 billion
-31.5% on the year
FY2013FY2020
Operating margin
-15.9%
7.6% a year earlier
FY2013FY2020
Net income
-$22.4 billion
FY2013FY2020
Diluted EPS
-$5.25
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
181,502
264,938
290,212
-31.5%
Research and development
1,016
1,214
1,116
-16.3%
Selling, general and administrative
10,168
11,398
11,480
-10.8%
Operating income
-28,883
20,056
30,953
Operating margin
-15.9%
7.6%
10.7%
Interest expense
1,158
830
766
+39.5%
Pre-tax income
-28,883
20,056
30,953
Income tax
-5,632
5,282
9,532
Effective tax rate
n/a
26.3%
30.8%
Net income
-22,440
14,340
20,840
Net margin
-12.4%
5.4%
7.2%
Diluted EPS
-$5.25
$3.36
$4.88
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
14,668
29,716
36,014
-50.6%
Capital expenditure
17,282
24,361
19,574
-29.1%
Free cash flow
-2,614
5,355
16,440
Free cash flow margin
-1.4%
2.0%
5.7%
Cash from investing
-18,459
-23,084
-16,446
Cash from financing
5,285
-6,618
-19,446
Depreciation and amortisation
46,009
18,998
18,745
+142.2%
Buybacks
405
594
626
-31.8%
Dividends paid
14,865
14,652
13,798
+1.5%
Dividend per share
$3.48
$3.43
$3.23
+1.5%
Diluted shares, weighted
4,271m
4,270m
4,270m
+0.0%
Shares outstanding at period end
4,233m
4,234m
4,237m
-0.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
157,150
191,650
191,794
-18.0%
Non-controlling interest
6,980
7,288
6,734
-4.2%
Debt
67,640
26,342
20,538
+156.8%
Other liabilities
100,980
137,317
127,130
-26.5%
Total liabilities and equity
332,750
362,597
346,196
-8.2%
Fixed assets
227,553
253,018
247,101
-10.1%
Investments
143
190
n/a
-24.7%
Cash and equivalents
4,364
3,089
3,042
+41.3%
Receivables
16,339
21,100
19,638
-22.6%
Other assets
84,351
85,200
76,415
-1.0%
Total assets
332,750
362,597
346,196
-8.2%
10-K for the year ended 31 December 2020, filed 24 February 2021: the filing.