$HES
HESS CORP

2015 Q1 Form 10-Q Financial Statement

#000156459015003601 Filed on May 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $1.550B $2.592B
YoY Change -40.2% -61.66%
Cost Of Revenue $314.0M $426.0M
YoY Change -26.29% -41.32%
Gross Profit $1.236B $2.156B
YoY Change -42.67% -20.3%
Gross Profit Margin 79.74% 83.18%
Selling, General & Admin $653.0M $637.0M
YoY Change 2.51% 371.85%
% of Gross Profit 52.83% 29.55%
Research & Development $269.0M $119.0M
YoY Change 126.05% -41.95%
% of Gross Profit 21.76% 5.52%
Depreciation & Amortization $956.0M $726.0M
YoY Change 31.68% 5.37%
% of Gross Profit 77.35% 33.67%
Operating Expenses $1.878B $1.482B
YoY Change 26.72% -5.61%
Operating Profit -$642.0M $674.0M
YoY Change -195.25% -40.62%
Interest Expense $85.00M -$81.00M
YoY Change -204.94% -23.58%
% of Operating Profit -12.02%
Other Income/Expense, Net $12.00M -$81.00M
YoY Change -114.81% 138.24%
Pretax Income -$727.0M $603.0M
YoY Change -220.56% -62.17%
Income Tax -$351.0M $239.0M
% Of Pretax Income 39.64%
Net Earnings -$389.0M $386.0M
YoY Change -200.78% -69.75%
Net Earnings / Revenue -25.1% 14.89%
Basic Earnings Per Share -$1.37 $1.21
Diluted Earnings Per Share -$1.37 $1.20
COMMON SHARES
Basic Shares Outstanding 283.5M 318.1M
Diluted Shares Outstanding 283.5M 322.6M

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.506B $1.288B
YoY Change 16.93% 190.09%
Cash & Equivalents $1.506B $1.288B
Short-Term Investments
Other Short-Term Assets $560.0M $1.114B
YoY Change -49.73% 23.37%
Inventory $546.0M $1.055B
Prepaid Expenses
Receivables $1.405B $2.808B
Other Receivables $306.0M $417.0M
Total Short-Term Assets $4.323B $7.048B
YoY Change -38.66% -38.27%
LONG-TERM ASSETS
Property, Plant & Equipment $27.21B $29.17B
YoY Change -6.71% 13.7%
Goodwill $1.858B $1.984B
YoY Change -6.35% 6.15%
Intangibles
YoY Change
Long-Term Investments $485.0M
YoY Change 43.92%
Other Assets $356.0M $534.0M
YoY Change -33.33% 47.51%
Total Long-Term Assets $31.78B $34.38B
YoY Change -7.56% 11.03%
TOTAL ASSETS
Total Short-Term Assets $4.323B $7.048B
Total Long-Term Assets $31.78B $34.38B
Total Assets $36.10B $41.42B
YoY Change -12.85% -2.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $681.0M $2.067B
YoY Change -67.05% 262.0%
Accrued Expenses $2.427B $3.001B
YoY Change -19.13% 14.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $69.00M $142.0M
YoY Change -51.41% -92.54%
Total Short-Term Liabilities $3.467B $5.981B
YoY Change -42.03% -32.84%
LONG-TERM LIABILITIES
Long-Term Debt $5.911B $5.434B
YoY Change 8.78% -0.69%
Other Long-Term Liabilities $1.176B $1.100B
YoY Change 6.91% -13.52%
Total Long-Term Liabilities $7.087B $1.100B
YoY Change 544.27% -13.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.467B $5.981B
Total Long-Term Liabilities $7.087B $1.100B
Total Liabilities $14.43B $17.18B
YoY Change -15.99% -13.46%
SHAREHOLDERS EQUITY
Retained Earnings $19.58B $20.69B
YoY Change -5.39% 9.15%
Common Stock $3.593B $3.727B
YoY Change -3.6% -4.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.67B $24.14B
YoY Change
Total Liabilities & Shareholders Equity $36.10B $41.42B
YoY Change -12.85% -2.25%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$389.0M $386.0M
YoY Change -200.78% -69.75%
Depreciation, Depletion And Amortization $956.0M $726.0M
YoY Change 31.68% 5.37%
Cash From Operating Activities $436.0M $1.158B
YoY Change -62.35% 41.39%
INVESTING ACTIVITIES
Capital Expenditures $1.237B $1.146B
YoY Change 7.94% -24.41%
Acquisitions
YoY Change
Other Investing Activities $10.00M $57.00M
YoY Change -82.46% -13.64%
Cash From Investing Activities -$1.226B -$262.0M
YoY Change 367.94% 0.38%
FINANCING ACTIVITIES
Cash Dividend Paid $72.00M $79.00M
YoY Change -8.86% 125.71%
Common Stock Issuance & Retirement, Net $67.00M $1.043B
YoY Change -93.58%
Debt Paid & Issued, Net $17.00M $333.0M
YoY Change -94.89% 1287.5%
Cash From Financing Activities -148.0M -1.422B
YoY Change -89.59% 88.1%
NET CHANGE
Cash From Operating Activities 436.0M 1.158B
Cash From Investing Activities -1.226B -262.0M
Cash From Financing Activities -148.0M -1.422B
Net Change In Cash -938.0M -526.0M
YoY Change 78.33% 165.66%
FREE CASH FLOW
Cash From Operating Activities $436.0M $1.158B
Capital Expenditures $1.237B $1.146B
Free Cash Flow -$801.0M $12.00M
YoY Change -6775.0% -101.72%

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