$HES
HESS CORP

2016 Q1 Form 10-Q Financial Statement

#000156459016018033 Filed on May 05, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $993.0M $1.550B
YoY Change -35.94% -40.2%
Cost Of Revenue $208.0M $314.0M
YoY Change -33.76% -26.29%
Gross Profit $765.0M $1.236B
YoY Change -38.11% -42.67%
Gross Profit Margin 77.04% 79.74%
Selling, General & Admin $534.0M $653.0M
YoY Change -18.22% 2.51%
% of Gross Profit 69.8% 52.83%
Research & Development $132.0M $269.0M
YoY Change -50.93% 126.05%
% of Gross Profit 17.25% 21.76%
Depreciation & Amortization $868.0M $956.0M
YoY Change -9.21% 31.68%
% of Gross Profit 113.46% 77.35%
Operating Expenses $1.534B $1.878B
YoY Change -18.32% 26.72%
Operating Profit -$769.0M -$642.0M
YoY Change 19.78% -195.25%
Interest Expense $85.00M $85.00M
YoY Change 0.0% -204.94%
% of Operating Profit
Other Income/Expense, Net $20.00M $12.00M
YoY Change 66.67% -114.81%
Pretax Income -$834.0M -$727.0M
YoY Change 14.72% -220.56%
Income Tax -$346.0M -$351.0M
% Of Pretax Income
Net Earnings -$509.0M -$389.0M
YoY Change 30.85% -200.78%
Net Earnings / Revenue -51.26% -25.1%
Basic Earnings Per Share -$1.72 -$1.37
Diluted Earnings Per Share -$1.72 -$1.37
COMMON SHARES
Basic Shares Outstanding 299.8M 283.5M
Diluted Shares Outstanding 299.8M 283.5M

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.557B $1.506B
YoY Change 136.19% 16.93%
Cash & Equivalents $3.557B $1.506B
Short-Term Investments
Other Short-Term Assets $120.0M $560.0M
YoY Change -78.57% -49.73%
Inventory $416.0M $546.0M
Prepaid Expenses
Receivables $612.0M $1.405B
Other Receivables $240.0M $306.0M
Total Short-Term Assets $4.945B $4.323B
YoY Change 14.39% -38.66%
LONG-TERM ASSETS
Property, Plant & Equipment $26.24B $27.21B
YoY Change -3.55% -6.71%
Goodwill $1.858B
YoY Change -6.35%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.247B $356.0M
YoY Change 812.08% -33.33%
Total Long-Term Assets $29.86B $31.78B
YoY Change -6.03% -7.56%
TOTAL ASSETS
Total Short-Term Assets $4.945B $4.323B
Total Long-Term Assets $29.86B $31.78B
Total Assets $34.81B $36.10B
YoY Change -3.58% -12.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $346.0M $681.0M
YoY Change -49.19% -67.05%
Accrued Expenses $1.660B $2.427B
YoY Change -31.6% -19.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $94.00M $69.00M
YoY Change 36.23% -51.41%
Total Short-Term Liabilities $2.193B $3.467B
YoY Change -36.75% -42.03%
LONG-TERM LIABILITIES
Long-Term Debt $6.498B $5.911B
YoY Change 9.93% 8.78%
Other Long-Term Liabilities $3.163B $1.176B
YoY Change 168.96% 6.91%
Total Long-Term Liabilities $9.661B $7.087B
YoY Change 36.32% 544.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.193B $3.467B
Total Long-Term Liabilities $9.661B $7.087B
Total Liabilities $14.21B $14.43B
YoY Change -1.55% -15.99%
SHAREHOLDERS EQUITY
Retained Earnings $19.58B
YoY Change -5.39%
Common Stock $3.593B
YoY Change -3.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.60B $21.67B
YoY Change
Total Liabilities & Shareholders Equity $34.81B $36.10B
YoY Change -3.58% -12.85%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income -$509.0M -$389.0M
YoY Change 30.85% -200.78%
Depreciation, Depletion And Amortization $868.0M $956.0M
YoY Change -9.21% 31.68%
Cash From Operating Activities -$60.00M $436.0M
YoY Change -113.76% -62.35%
INVESTING ACTIVITIES
Capital Expenditures -$620.0M $1.237B
YoY Change -150.12% 7.94%
Acquisitions
YoY Change
Other Investing Activities -$7.000M $10.00M
YoY Change -170.0% -82.46%
Cash From Investing Activities -$613.0M -$1.226B
YoY Change -50.0% 367.94%
FINANCING ACTIVITIES
Cash Dividend Paid $72.00M
YoY Change -8.86%
Common Stock Issuance & Retirement, Net -$1.087B $67.00M
YoY Change -1722.39% -93.58%
Debt Paid & Issued, Net $17.00M $17.00M
YoY Change 0.0% -94.89%
Cash From Financing Activities 1.514B -148.0M
YoY Change -1122.97% -89.59%
NET CHANGE
Cash From Operating Activities -60.00M 436.0M
Cash From Investing Activities -613.0M -1.226B
Cash From Financing Activities 1.514B -148.0M
Net Change In Cash 841.0M -938.0M
YoY Change -189.66% 78.33%
FREE CASH FLOW
Cash From Operating Activities -$60.00M $436.0M
Capital Expenditures -$620.0M $1.237B
Free Cash Flow $560.0M -$801.0M
YoY Change -169.91% -6775.0%

Facts In Submission

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CY2015Q1 us-gaap Defined Benefit Plan Interest Cost
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CY2015Q1 us-gaap Income Loss From Continuing Operations
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