$HES
HESS CORP

2018 Q1 Form 10-Q Financial Statement

#000156459018010026 Filed on May 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $1.390B $1.275B
YoY Change 9.02% 28.4%
Cost Of Revenue $397.0M $231.0M
YoY Change 71.86% 11.06%
Gross Profit $949.0M $1.027B
YoY Change -7.59% 34.25%
Gross Profit Margin 68.27% 80.55%
Selling, General & Admin $398.0M $453.0M
YoY Change -12.14% -15.17%
% of Gross Profit 41.94% 44.11%
Research & Development $40.00M $58.00M
YoY Change -31.03% -56.06%
% of Gross Profit 4.21% 5.65%
Depreciation & Amortization $417.0M $737.0M
YoY Change -43.42% -15.09%
% of Gross Profit 43.94% 71.76%
Operating Expenses $855.0M $1.248B
YoY Change -31.49% -18.64%
Operating Profit $94.00M -$221.0M
YoY Change -142.53% -71.26%
Interest Expense $103.0M $84.00M
YoY Change 22.62% -1.18%
% of Operating Profit 109.57%
Other Income/Expense, Net $37.00M -$4.000M
YoY Change -1025.0% -120.0%
Pretax Income $8.000M -$309.0M
YoY Change -102.59% -62.95%
Income Tax $73.00M -$13.00M
% Of Pretax Income 912.5%
Net Earnings -$106.0M -$324.0M
YoY Change -67.28% -36.35%
Net Earnings / Revenue -7.63% -25.41%
Basic Earnings Per Share -$0.38 -$1.07
Diluted Earnings Per Share -$0.38 -$1.07
COMMON SHARES
Basic Shares Outstanding 309.5M 313.9M
Diluted Shares Outstanding 309.5M 313.9M

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.736B $2.686B
YoY Change 39.09% -24.49%
Cash & Equivalents $3.726B $2.686B
Short-Term Investments $10.00M
Other Short-Term Assets $52.00M $196.0M
YoY Change -73.47% 63.33%
Inventory $239.0M $377.0M
Prepaid Expenses
Receivables $719.0M $775.0M
Other Receivables $268.0M $137.0M
Total Short-Term Assets $5.014B $4.171B
YoY Change 20.21% -15.65%
LONG-TERM ASSETS
Property, Plant & Equipment $16.18B $23.20B
YoY Change -30.26% -11.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $517.0M $353.0M
YoY Change 46.46% -89.13%
Total Long-Term Assets $17.06B $23.93B
YoY Change -28.71% -19.87%
TOTAL ASSETS
Total Short-Term Assets $5.014B $4.171B
Total Long-Term Assets $17.06B $23.93B
Total Assets $22.07B $28.10B
YoY Change -21.45% -19.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $375.0M $565.0M
YoY Change -33.63% 63.29%
Accrued Expenses $1.251B $1.343B
YoY Change -6.85% -19.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $196.0M $116.0M
YoY Change 68.97% 23.4%
Total Short-Term Liabilities $1.904B $2.126B
YoY Change -10.44% -3.06%
LONG-TERM LIABILITIES
Long-Term Debt $6.372B $6.669B
YoY Change -4.45% 2.63%
Other Long-Term Liabilities $1.434B $2.947B
YoY Change -51.34% -6.83%
Total Long-Term Liabilities $7.806B $9.616B
YoY Change -18.82% -0.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.904B $2.126B
Total Long-Term Liabilities $7.806B $9.616B
Total Liabilities $11.47B $13.95B
YoY Change -17.81% -1.82%
SHAREHOLDERS EQUITY
Retained Earnings $9.692B
YoY Change
Common Stock $6.122B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.61B $14.15B
YoY Change
Total Liabilities & Shareholders Equity $22.07B $28.10B
YoY Change -21.45% -19.27%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$106.0M -$324.0M
YoY Change -67.28% -36.35%
Depreciation, Depletion And Amortization $417.0M $737.0M
YoY Change -43.42% -15.09%
Cash From Operating Activities $210.0M $349.0M
YoY Change -39.83% -681.67%
INVESTING ACTIVITIES
Capital Expenditures -$400.0M -$390.0M
YoY Change 2.56% -37.1%
Acquisitions
YoY Change
Other Investing Activities $4.000M $0.00
YoY Change -100.0%
Cash From Investing Activities -$422.0M -$290.0M
YoY Change 45.52% -52.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $371.0M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $434.0M $26.00M
YoY Change 1569.23% 52.94%
Cash From Financing Activities -909.0M -105.0M
YoY Change 765.71% -106.94%
NET CHANGE
Cash From Operating Activities 210.0M 349.0M
Cash From Investing Activities -422.0M -290.0M
Cash From Financing Activities -909.0M -105.0M
Net Change In Cash -1.121B -46.00M
YoY Change 2336.96% -105.47%
FREE CASH FLOW
Cash From Operating Activities $210.0M $349.0M
Capital Expenditures -$400.0M -$390.0M
Free Cash Flow $610.0M $739.0M
YoY Change -17.46% 31.96%

Facts In Submission

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