$HES
HESS CORP

2014 Q2 Form 10-Q Financial Statement

#000119312514300920 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q4 2013 Q2
Revenue $3.600B $2.653B $4.162B
YoY Change -13.5% -81.23% 25.32%
Cost Of Revenue $499.0M $394.0M $518.0M
YoY Change -3.67% -96.31% 12.85%
Gross Profit $2.305B $2.259B $2.533B
YoY Change -9.0% -34.67% -11.5%
Gross Profit Margin 64.03% 85.15% 60.86%
Selling, General & Admin $688.0M $791.0M $213.0M
YoY Change 223.0% -49.1% -69.31%
% of Gross Profit 29.85% 35.02% 8.41%
Research & Development $460.0M $458.0M $199.0M
YoY Change 131.16% 26.52% 1.53%
% of Gross Profit 19.96% 20.27% 7.86%
Depreciation & Amortization $787.0M $713.0M $614.0M
YoY Change 28.18% -2.33% -17.69%
% of Gross Profit 34.14% 31.56% 24.24%
Operating Expenses $1.933B $1.962B $1.526B
YoY Change 26.67% -27.39% -6.72%
Operating Profit $372.0M $297.0M $1.007B
YoY Change -63.06% -60.71% -17.86%
Interest Expense -$85.00M -$97.00M -$117.0M
YoY Change -27.35% -8.49% 11.43%
% of Operating Profit -22.85% -32.66% -11.62%
Other Income/Expense, Net -$25.00M -$18.00M
YoY Change 38.89% 500.0%
Pretax Income $1.056B $291.0M $2.007B
YoY Change -47.38% -42.6% 88.98%
Income Tax $89.00M -$627.0M $407.0M
% Of Pretax Income 8.43% -215.46% 20.28%
Net Earnings $931.0M $1.925B $1.431B
YoY Change -34.94% 414.71% 160.66%
Net Earnings / Revenue 25.86% 72.56% 34.38%
Basic Earnings Per Share $3.01 $4.21
Diluted Earnings Per Share $2.96 $5.564M $4.16
COMMON SHARES
Basic Shares Outstanding 309.7M 325.3M shares 340.1M shares
Diluted Shares Outstanding 314.1M shares 344.0M shares

Balance Sheet

Concept 2014 Q2 2013 Q4 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.205B $1.814B $725.0M
YoY Change 204.14% 182.55% 77.26%
Cash & Equivalents $2.205B $1.814B $725.0M
Short-Term Investments
Other Short-Term Assets $871.0M $1.209B $750.0M
YoY Change 16.13% 14.49% -55.86%
Inventory $842.0M $954.0M $683.0M
Prepaid Expenses
Receivables $2.348B $3.093B $1.640B
Other Receivables $350.0M $432.0M $314.0M
Total Short-Term Assets $8.767B $8.599B $9.992B
YoY Change -12.26% 2.53% 26.08%
LONG-TERM ASSETS
Property, Plant & Equipment $27.24B $28.77B $26.17B
YoY Change 4.07% -0.12% -1.45%
Goodwill $1.858B $1.869B $1.869B
YoY Change -0.59% -15.35%
Intangibles
YoY Change
Long-Term Investments $213.0M $380.0M
YoY Change -43.95% -15.56%
Other Assets $498.0M $509.0M $264.0M
YoY Change 88.64% 8.3% -92.27%
Total Long-Term Assets $32.30B $34.16B $31.44B
YoY Change 2.76% -2.56% -3.83%
TOTAL ASSETS
Total Short-Term Assets $8.767B $8.599B $9.992B
Total Long-Term Assets $32.30B $34.16B $31.44B
Total Assets $41.07B $42.75B $41.43B
YoY Change -0.86% -1.58% 2.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.529B $2.109B $565.0M
YoY Change 170.62% -24.92% -79.13%
Accrued Expenses $3.063B $3.551B $2.792B
YoY Change 9.71% 8.03% -17.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $124.0M $378.0M $354.0M
YoY Change -64.97% -51.97% 18.39%
Total Short-Term Liabilities $5.257B $6.558B $6.733B
YoY Change -21.92% -21.76% -4.95%
LONG-TERM LIABILITIES
Long-Term Debt $5.953B $5.420B $5.446B
YoY Change 9.31% -33.18% -27.83%
Other Long-Term Liabilities $974.0M $1.451B $1.199B
YoY Change -18.77% -12.48% -64.43%
Total Long-Term Liabilities $974.0M $6.871B $1.199B
YoY Change -18.77% -29.67% -89.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.257B $6.558B $6.733B
Total Long-Term Liabilities $974.0M $6.871B $1.199B
Total Liabilities $16.72B $17.97B $17.46B
YoY Change -4.23% -19.19% -15.79%
SHAREHOLDERS EQUITY
Retained Earnings $20.88B $21.24B $20.37B
YoY Change 2.5% 19.86%
Common Stock $3.762B $3.823B $3.947B
YoY Change -4.69% -1.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $24.26B $24.72B $23.90B
YoY Change
Total Liabilities & Shareholders Equity $41.07B $42.75B $41.43B
YoY Change -0.86% -1.58% 2.0%

Cashflow Statement

Concept 2014 Q2 2013 Q4 2013 Q2
OPERATING ACTIVITIES
Net Income $931.0M $1.925B $1.431B
YoY Change -34.94% 414.71% 160.66%
Depreciation, Depletion And Amortization $787.0M $713.0M $614.0M
YoY Change 28.18% -2.33% -17.69%
Cash From Operating Activities $903.0M $1.550B $1.247B
YoY Change -27.59% -1.08% 0.56%
INVESTING ACTIVITIES
Capital Expenditures -$1.194B -$1.378B -$1.466B
YoY Change -18.55% -21.44% -24.32%
Acquisitions
YoY Change
Other Investing Activities $1.434B $2.768B $2.402B
YoY Change -40.3% 3156.47% -4389.29%
Cash From Investing Activities $240.0M $1.390B $936.0M
YoY Change -74.36% -183.28% -146.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -226.0M -1.447B -1.902B
YoY Change -88.12% -769.91% -348.3%
NET CHANGE
Cash From Operating Activities 903.0M 1.550B 1.247B
Cash From Investing Activities 240.0M 1.390B 936.0M
Cash From Financing Activities -226.0M -1.447B -1.902B
Net Change In Cash 917.0M 1.493B 281.0M
YoY Change 226.33% 1209.65% 2061.54%
FREE CASH FLOW
Cash From Operating Activities $903.0M $1.550B $1.247B
Capital Expenditures -$1.194B -$1.378B -$1.466B
Free Cash Flow $2.097B $2.928B $2.713B
YoY Change -22.71% -11.83% -14.6%

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