$HES
HESS CORP

2023 Q1 Form 10-Q Financial Statement

#000162828023015437 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q1
Revenue $2.411B $2.371B
YoY Change 1.69% 23.55%
Cost Of Revenue $651.0M $743.0M
YoY Change -12.38% 33.87%
Gross Profit $1.760B $1.570B
YoY Change 12.1% 16.9%
Gross Profit Margin 73.0% 66.22%
Selling, General & Admin $518.0M $423.0M
YoY Change 22.46% 17.83%
% of Gross Profit 29.43% 26.94%
Research & Development $66.00M $43.00M
YoY Change 53.49% 30.3%
% of Gross Profit 3.75% 2.74%
Depreciation & Amortization $491.0M $337.0M
YoY Change 45.7% -14.9%
% of Gross Profit 27.9% 21.46%
Operating Expenses $1.075B $803.0M
YoY Change 33.87% 1.9%
Operating Profit $685.0M $767.0M
YoY Change -10.69% 38.2%
Interest Expense -$123.0M $123.0M
YoY Change -200.0% 5.13%
% of Operating Profit -17.96% 16.04%
Other Income/Expense, Net $42.00M $36.00M
YoY Change 16.67% 71.43%
Pretax Income $604.0M $702.0M
YoY Change -13.96% 52.94%
Income Tax $176.0M $197.0M
% Of Pretax Income 29.14% 28.06%
Net Earnings $346.0M $417.0M
YoY Change -17.03% 65.48%
Net Earnings / Revenue 14.35% 17.59%
Basic Earnings Per Share $1.13 $1.35
Diluted Earnings Per Share $1.13 $1.34
COMMON SHARES
Basic Shares Outstanding 306.2M shares 308.9M shares
Diluted Shares Outstanding 307.3M shares 310.4M shares

Balance Sheet

Concept 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.100B $1.370B
YoY Change 53.28% -26.58%
Cash & Equivalents $2.100B $1.370B
Short-Term Investments
Other Short-Term Assets $263.0M $129.0M
YoY Change 103.88% -34.52%
Inventory $229.0M $243.0M
Prepaid Expenses
Receivables $1.064B $1.388B
Other Receivables $143.0M $136.0M
Total Short-Term Assets $3.799B $3.266B
YoY Change 16.32% -7.27%
LONG-TERM ASSETS
Property, Plant & Equipment $15.41B $14.49B
YoY Change 6.37% 4.52%
Goodwill $360.0M $360.0M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $910.0M $723.0M
YoY Change 25.86% 16.99%
Total Long-Term Assets $18.14B $16.53B
YoY Change 9.72% 7.15%
TOTAL ASSETS
Total Short-Term Assets $3.799B $3.266B
Total Long-Term Assets $18.14B $16.53B
Total Assets $21.94B $19.80B
YoY Change 10.81% 4.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $344.0M $312.0M
YoY Change 10.26% 81.4%
Accrued Expenses $1.663B $1.749B
YoY Change -4.92% 39.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M $22.00M
YoY Change -77.27% 69.23%
Total Short-Term Liabilities $2.308B $2.303B
YoY Change 0.22% 36.27%
LONG-TERM LIABILITIES
Long-Term Debt $8.382B $7.934B
YoY Change 5.65% -4.1%
Other Long-Term Liabilities $427.0M $485.0M
YoY Change -11.96% -20.62%
Total Long-Term Liabilities $8.809B $8.419B
YoY Change 4.63% -5.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.308B $2.303B
Total Long-Term Liabilities $8.809B $8.419B
Total Liabilities $13.22B $12.75B
YoY Change 3.66% 3.59%
SHAREHOLDERS EQUITY
Retained Earnings $1.686B $680.0M
YoY Change 147.94% 122.95%
Common Stock $6.561B $6.394B
YoY Change 2.61% 5.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.133B $6.308B
YoY Change
Total Liabilities & Shareholders Equity $21.94B $19.80B
YoY Change 10.81% 4.47%

Cashflow Statement

Concept 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $346.0M $417.0M
YoY Change -17.03% 65.48%
Depreciation, Depletion And Amortization $491.0M $337.0M
YoY Change 45.7% -14.9%
Cash From Operating Activities $638.0M -$156.0M
YoY Change -508.97% -126.4%
INVESTING ACTIVITIES
Capital Expenditures $837.0M -$546.0M
YoY Change -253.3% 41.82%
Acquisitions
YoY Change
Other Investing Activities -$4.000M $24.00M
YoY Change -116.67%
Cash From Investing Activities -$841.0M -$522.0M
YoY Change 61.11% 35.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $505.0M
YoY Change -100.0% 16733.33%
Cash From Financing Activities -183.0M -$665.0M
YoY Change -72.48% 741.77%
NET CHANGE
Cash From Operating Activities 638.0M -$156.0M
Cash From Investing Activities -841.0M -$522.0M
Cash From Financing Activities -183.0M -$665.0M
Net Change In Cash -386.0M -$1.343B
YoY Change -71.26% -1157.48%
FREE CASH FLOW
Cash From Operating Activities $638.0M -$156.0M
Capital Expenditures $837.0M -$546.0M
Free Cash Flow -$199.0M $390.0M
YoY Change -151.03% -60.04%

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8460000000 usd

Files In Submission

Name View Source Status
0001628280-23-015437-index-headers.html Edgar Link pending
0001628280-23-015437-index.html Edgar Link pending
0001628280-23-015437.txt Edgar Link pending
0001628280-23-015437-xbrl.zip Edgar Link pending
exhibit101.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hes-20230331.htm Edgar Link pending
hes-20230331.xsd Edgar Link pending
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q12023ex-311.htm Edgar Link pending
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hes-20230331_cal.xml Edgar Link unprocessable
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