$HES
HESS CORP

2022 Q1 Form 10-Q Financial Statement

#000162828022012659 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $2.371B $1.919B
YoY Change 23.55% 40.18%
Cost Of Revenue $743.0M $555.0M
YoY Change 33.87% 32.14%
Gross Profit $1.570B $1.343B
YoY Change 16.9% 43.79%
Gross Profit Margin 66.22% 69.98%
Selling, General & Admin $423.0M $359.0M
YoY Change 17.83% -11.36%
% of Gross Profit 26.94% 26.73%
Research & Development $43.00M $33.00M
YoY Change 30.3% -82.54%
% of Gross Profit 2.74% 2.46%
Depreciation & Amortization $337.0M $396.0M
YoY Change -14.9% -29.41%
% of Gross Profit 21.46% 29.49%
Operating Expenses $803.0M $788.0M
YoY Change 1.9% -31.77%
Operating Profit $767.0M $555.0M
YoY Change 38.2% -351.13%
Interest Expense $123.0M $117.0M
YoY Change 5.13% 3.54%
% of Operating Profit 16.04% 21.08%
Other Income/Expense, Net $36.00M $21.00M
YoY Change 71.43% 40.0%
Pretax Income $702.0M $459.0M
YoY Change 52.94% -118.77%
Income Tax $197.0M $123.0M
% Of Pretax Income 28.06% 26.8%
Net Earnings $417.0M $252.0M
YoY Change 65.48% -110.36%
Net Earnings / Revenue 17.59% 13.13%
Basic Earnings Per Share $1.35 $0.82
Diluted Earnings Per Share $1.34 $0.82
COMMON SHARES
Basic Shares Outstanding 308.9M shares 305.8M shares
Diluted Shares Outstanding 310.4M shares 307.8M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.370B $1.866B
YoY Change -26.58% -10.29%
Cash & Equivalents $1.370B $1.866B
Short-Term Investments
Other Short-Term Assets $129.0M $197.0M
YoY Change -34.52% 189.71%
Inventory $243.0M $219.0M
Prepaid Expenses
Receivables $1.388B $860.0M
Other Receivables $136.0M $151.0M
Total Short-Term Assets $3.266B $3.522B
YoY Change -7.27% -17.52%
LONG-TERM ASSETS
Property, Plant & Equipment $14.49B $13.86B
YoY Change 4.52% -6.4%
Goodwill $360.0M $360.0M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $723.0M $618.0M
YoY Change 16.99% -1.28%
Total Long-Term Assets $16.53B $15.43B
YoY Change 7.15% -6.19%
TOTAL ASSETS
Total Short-Term Assets $3.266B $3.522B
Total Long-Term Assets $16.53B $15.43B
Total Assets $19.80B $18.95B
YoY Change 4.47% -8.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $312.0M $172.0M
YoY Change 81.4% -60.09%
Accrued Expenses $1.749B $1.254B
YoY Change 39.47% -6.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $22.00M $13.00M
YoY Change 69.23% 333.33%
Total Short-Term Liabilities $2.303B $1.690B
YoY Change 36.27% -13.2%
LONG-TERM LIABILITIES
Long-Term Debt $7.934B $8.273B
YoY Change -4.1% 1.0%
Other Long-Term Liabilities $485.0M $611.0M
YoY Change -20.62% 10.29%
Total Long-Term Liabilities $8.419B $8.884B
YoY Change -5.23% 1.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.303B $1.690B
Total Long-Term Liabilities $8.419B $8.884B
Total Liabilities $12.75B $12.31B
YoY Change 3.59% -1.84%
SHAREHOLDERS EQUITY
Retained Earnings $680.0M $305.0M
YoY Change 122.95% -70.13%
Common Stock $6.394B $6.087B
YoY Change 5.04% 2.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.308B $5.616B
YoY Change
Total Liabilities & Shareholders Equity $19.80B $18.95B
YoY Change 4.47% -8.52%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $417.0M $252.0M
YoY Change 65.48% -110.36%
Depreciation, Depletion And Amortization $337.0M $396.0M
YoY Change -14.9% -29.41%
Cash From Operating Activities -$156.0M $591.0M
YoY Change -126.4% 32.81%
INVESTING ACTIVITIES
Capital Expenditures -$546.0M -$385.0M
YoY Change 41.82% -52.93%
Acquisitions
YoY Change
Other Investing Activities $24.00M
YoY Change
Cash From Investing Activities -$522.0M -$385.0M
YoY Change 35.58% -52.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $505.0M $3.000M
YoY Change 16733.33%
Cash From Financing Activities -$665.0M -$79.00M
YoY Change 741.77% -108.7%
NET CHANGE
Cash From Operating Activities -$156.0M $591.0M
Cash From Investing Activities -$522.0M -$385.0M
Cash From Financing Activities -$665.0M -$79.00M
Net Change In Cash -$1.343B $127.0M
YoY Change -1157.48% -76.26%
FREE CASH FLOW
Cash From Operating Activities -$156.0M $591.0M
Capital Expenditures -$546.0M -$385.0M
Free Cash Flow $390.0M $976.0M
YoY Change -60.04% -22.72%

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