$HES
HESS CORP

2018 Q2 Form 10-Q Financial Statement

#000156459018018485 Filed on August 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $1.566B $1.197B
YoY Change 30.83% -2.21%
Cost Of Revenue $492.0M $283.0M
YoY Change 73.85% -7.21%
Gross Profit $1.042B $914.0M
YoY Change 14.0% -0.54%
Gross Profit Margin 66.54% 76.36%
Selling, General & Admin $417.0M $469.0M
YoY Change -11.09% -16.4%
% of Gross Profit 40.02% 51.31%
Research & Development $62.00M $52.00M
YoY Change 19.23% -73.87%
% of Gross Profit 5.95% 5.69%
Depreciation & Amortization $444.0M $741.0M
YoY Change -40.08% -7.03%
% of Gross Profit 42.61% 81.07%
Operating Expenses $923.0M $1.262B
YoY Change -26.86% -18.95%
Operating Profit $119.0M -$348.0M
YoY Change -134.2% -45.45%
Interest Expense -$103.0M $82.00M
YoY Change -225.61% -3.53%
% of Operating Profit -86.55%
Other Income/Expense, Net $21.00M -$7.000M
YoY Change -400.0% -115.56%
Pretax Income $27.00M -$425.0M
YoY Change -106.35% -37.32%
Income Tax $114.0M -$8.000M
% Of Pretax Income 422.22%
Net Earnings -$130.0M -$449.0M
YoY Change -71.05% 14.54%
Net Earnings / Revenue -8.3% -37.51%
Basic Earnings Per Share -$0.48 -$1.46
Diluted Earnings Per Share -$0.48 -$1.46
COMMON SHARES
Basic Shares Outstanding 297.5M 314.4M
Diluted Shares Outstanding 297.5M 314.4M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.941B $2.492B
YoY Change 18.02% -19.48%
Cash & Equivalents $2.908B $2.492B
Short-Term Investments $33.00M
Other Short-Term Assets $480.0M $464.0M
YoY Change 3.45% 318.02%
Inventory $231.0M $376.0M
Prepaid Expenses
Receivables $751.0M $801.0M
Other Receivables $291.0M $137.0M
Total Short-Term Assets $4.694B $4.270B
YoY Change 9.93% -7.8%
LONG-TERM ASSETS
Property, Plant & Equipment $15.87B $22.79B
YoY Change -30.38% -11.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $541.0M $385.0M
YoY Change 40.52% -88.87%
Total Long-Term Assets $16.77B $23.53B
YoY Change -28.72% -20.52%
TOTAL ASSETS
Total Short-Term Assets $4.694B $4.270B
Total Long-Term Assets $16.77B $23.53B
Total Assets $21.46B $27.80B
YoY Change -22.79% -18.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $363.0M $504.0M
YoY Change -27.98% -4.0%
Accrued Expenses $1.446B $1.430B
YoY Change 1.12% 0.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $87.00M $121.0M
YoY Change -28.1% 18.63%
Total Short-Term Liabilities $1.945B $2.118B
YoY Change -8.17% -0.98%
LONG-TERM LIABILITIES
Long-Term Debt $6.352B $6.612B
YoY Change -3.93% 2.51%
Other Long-Term Liabilities $1.407B $2.875B
YoY Change -51.06% -11.37%
Total Long-Term Liabilities $7.759B $9.487B
YoY Change -18.21% -2.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.945B $2.118B
Total Long-Term Liabilities $7.759B $9.487B
Total Liabilities $11.49B $14.02B
YoY Change -18.02% -0.69%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.972B $13.78B
YoY Change
Total Liabilities & Shareholders Equity $21.46B $27.80B
YoY Change -22.79% -18.8%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$130.0M -$449.0M
YoY Change -71.05% 14.54%
Depreciation, Depletion And Amortization $444.0M $741.0M
YoY Change -40.08% -7.03%
Cash From Operating Activities $425.0M $165.0M
YoY Change 157.58% -16.24%
INVESTING ACTIVITIES
Capital Expenditures -$493.0M -$480.0M
YoY Change 2.71% -21.95%
Acquisitions
YoY Change
Other Investing Activities $9.000M $79.00M
YoY Change -88.61% -10.23%
Cash From Investing Activities -$484.0M -$401.0M
YoY Change 20.7% -23.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -759.0M 42.00M
YoY Change -1907.14% -131.82%
NET CHANGE
Cash From Operating Activities 425.0M 165.0M
Cash From Investing Activities -484.0M -401.0M
Cash From Financing Activities -759.0M 42.00M
Net Change In Cash -818.0M -194.0M
YoY Change 321.65% -58.01%
FREE CASH FLOW
Cash From Operating Activities $425.0M $165.0M
Capital Expenditures -$493.0M -$480.0M
Free Cash Flow $918.0M $645.0M
YoY Change 42.33% -20.57%

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Files In Submission

Name View Source Status
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