$HES
HESS CORP

2018 Q3 Form 10-Q Financial Statement

#000156459018028852 Filed on November 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3 2016 Q4
Revenue $1.841B $1.666B $1.388B
YoY Change 10.5% 39.3% 0.14%
Cost Of Revenue $538.0M $365.0M $402.0M
YoY Change 47.4% 46.59% 18.24%
Gross Profit $1.255B $983.0M $986.0M
YoY Change 27.67% 5.93% -5.74%
Gross Profit Margin 68.17% 59.0% 71.04%
Selling, General & Admin $409.0M $464.0M $668.0M
YoY Change -11.85% -11.95% 2.45%
% of Gross Profit 32.59% 47.2% 67.75%
Research & Development $169.0M $41.00M $1.033B
YoY Change 312.2% -47.44% 173.28%
% of Gross Profit 13.47% 4.17% 104.77%
Depreciation & Amortization $489.0M $759.0M $768.0M
YoY Change -35.57% -6.41% -21.87%
% of Gross Profit 38.96% 77.21% 77.89%
Operating Expenses $1.067B $1.264B $2.469B
YoY Change -15.59% -10.73% 22.65%
Operating Profit $188.0M -$281.0M -$1.483B
YoY Change -166.9% -42.42% 53.36%
Interest Expense $99.00M $79.00M -$84.00M
YoY Change 25.32% -5.95% -2.33%
% of Operating Profit 52.66%
Other Income/Expense, Net $21.00M $22.00M -$30.00M
YoY Change -4.55% 15.79%
Pretax Income $124.0M -$2.567B -$1.709B
YoY Change -104.83% 305.53% -25.14%
Income Tax $121.0M -$1.974B $3.189B
% Of Pretax Income 97.58%
Net Earnings -$42.00M -$624.0M -$4.892B
YoY Change -93.27% 84.07% 168.64%
Net Earnings / Revenue -2.28% -37.45% -352.45%
Basic Earnings Per Share -$0.18 -$2.02
Diluted Earnings Per Share -$0.18 -$1.981M -$15.58M
COMMON SHARES
Basic Shares Outstanding 294.3M 314.5M 316.5M
Diluted Shares Outstanding 294.3M

Balance Sheet

Concept 2018 Q3 2017 Q3 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.070B $2.526B $2.732B
YoY Change 21.54% -28.42% 0.59%
Cash & Equivalents $3.004B $2.526B $2.732B
Short-Term Investments $66.00M
Other Short-Term Assets $52.00M $142.0M $89.00M
YoY Change -63.38% 31.48% -31.54%
Inventory $263.0M $372.0M $323.0M
Prepaid Expenses
Receivables $825.0M $933.0M $940.0M
Other Receivables $291.0M $110.0M $86.00M
Total Short-Term Assets $4.501B $4.083B $4.276B
YoY Change 10.24% -16.55% -2.91%
LONG-TERM ASSETS
Property, Plant & Equipment $16.01B $20.28B $23.60B
YoY Change -21.04% -20.59% -10.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $593.0M $1.878B $375.0M
YoY Change -68.42% -48.6% 0.54%
Total Long-Term Assets $16.97B $22.52B $24.35B
YoY Change -24.65% -23.84% -18.18%
TOTAL ASSETS
Total Short-Term Assets $4.501B $4.083B $4.276B
Total Long-Term Assets $16.97B $22.52B $24.35B
Total Assets $21.47B $26.60B $28.62B
YoY Change -19.3% -22.81% -16.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $383.0M $421.0M $433.0M
YoY Change -9.03% -8.08% -5.25%
Accrued Expenses $1.394B $1.570B $1.609B
YoY Change -11.21% 9.56% -19.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $85.00M $122.0M $112.0M
YoY Change -30.33% -81.68% 30.23%
Total Short-Term Liabilities $1.958B $2.214B $2.251B
YoY Change -11.56% -15.4% -14.35%
LONG-TERM LIABILITIES
Long-Term Debt $6.609B $6.592B $6.694B
YoY Change 0.26% -1.18% 2.89%
Other Long-Term Liabilities $1.429B $2.782B $2.941B
YoY Change -48.63% -8.55% 160.27%
Total Long-Term Liabilities $8.038B $9.374B $6.694B
YoY Change -14.25% -3.49% -12.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.958B $2.214B $2.251B
Total Long-Term Liabilities $8.038B $9.374B $6.694B
Total Liabilities $11.82B $13.47B $14.09B
YoY Change -12.26% -7.89% 2.41%
SHAREHOLDERS EQUITY
Retained Earnings $10.15B
YoY Change -39.01%
Common Stock $6.090B
YoY Change 38.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.650B $13.13B $14.53B
YoY Change
Total Liabilities & Shareholders Equity $21.47B $26.60B $28.62B
YoY Change -19.3% -22.81% -16.21%

Cashflow Statement

Concept 2018 Q3 2017 Q3 2016 Q4
OPERATING ACTIVITIES
Net Income -$42.00M -$624.0M -$4.892B
YoY Change -93.27% 84.07% 168.64%
Depreciation, Depletion And Amortization $489.0M $759.0M $768.0M
YoY Change -35.57% -6.41% -21.87%
Cash From Operating Activities $423.0M $88.00M $326.0M
YoY Change 380.68% -73.49% -47.67%
INVESTING ACTIVITIES
Capital Expenditures -$540.0M -$513.0M -$487.0M
YoY Change 5.26% -3.02% -47.91%
Acquisitions
YoY Change
Other Investing Activities $545.0M $603.0M $63.00M
YoY Change -9.62% 20000.0% 142.31%
Cash From Investing Activities $5.000M $90.00M -$424.0M
YoY Change -94.44% -117.11% -53.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -332.0M -144.0M -699.0M
YoY Change 130.56% -122.93% 6254.55%
NET CHANGE
Cash From Operating Activities 423.0M 88.00M 326.0M
Cash From Investing Activities 5.000M 90.00M -424.0M
Cash From Financing Activities -332.0M -144.0M -699.0M
Net Change In Cash 96.00M 34.00M -797.0M
YoY Change 182.35% -92.17% 168.35%
FREE CASH FLOW
Cash From Operating Activities $423.0M $88.00M $326.0M
Capital Expenditures -$540.0M -$513.0M -$487.0M
Free Cash Flow $963.0M $601.0M $813.0M
YoY Change 60.23% -30.2% -47.82%

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