$HES
HESS CORP

2024 Q1 Form 10-Q Financial Statement

#000162828024021077 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q1
Revenue $3.309B
YoY Change 37.25%
Cost Of Revenue $678.0M
YoY Change 4.15%
Gross Profit $2.631B
YoY Change 49.49%
Gross Profit Margin 79.51%
Selling, General & Admin $536.0M
YoY Change 3.47%
% of Gross Profit 20.37%
Research & Development $42.00M
YoY Change -36.36%
% of Gross Profit 1.6%
Depreciation & Amortization $557.0M
YoY Change 13.44%
% of Gross Profit 21.17%
Operating Expenses $1.135B
YoY Change 5.58%
Operating Profit $1.496B
YoY Change 118.39%
Interest Expense -$113.0M
YoY Change -8.13%
% of Operating Profit -7.55%
Other Income/Expense, Net $32.00M
YoY Change -23.81%
Pretax Income $1.415B
YoY Change 134.27%
Income Tax $348.0M
% Of Pretax Income 24.59%
Net Earnings $972.0M
YoY Change 180.92%
Net Earnings / Revenue 29.37%
Basic Earnings Per Share $3.17
Diluted Earnings Per Share $3.16
COMMON SHARES
Basic Shares Outstanding 307.2M shares
Diluted Shares Outstanding 307.9M shares

Balance Sheet

Concept 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.438B
YoY Change -31.52%
Cash & Equivalents $1.438B
Short-Term Investments
Other Short-Term Assets $2.186B
YoY Change 731.18%
Inventory $382.0M
Prepaid Expenses
Receivables $1.524B
Other Receivables $165.0M
Total Short-Term Assets $3.624B
YoY Change -4.61%
LONG-TERM ASSETS
Property, Plant & Equipment $18.59B
YoY Change 20.61%
Goodwill $360.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.506B
YoY Change 175.38%
Total Long-Term Assets $21.10B
YoY Change 16.3%
TOTAL ASSETS
Total Short-Term Assets $3.624B
Total Long-Term Assets $21.10B
Total Assets $24.72B
YoY Change 12.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $403.0M
YoY Change 17.15%
Accrued Expenses $365.0M
YoY Change -78.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $314.0M
YoY Change 6180.0%
Total Short-Term Liabilities $2.951B
YoY Change 27.86%
LONG-TERM LIABILITIES
Long-Term Debt $8.566B
YoY Change 2.2%
Other Long-Term Liabilities $2.671B
YoY Change 525.53%
Total Long-Term Liabilities $11.24B
YoY Change 27.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.951B
Total Long-Term Liabilities $11.24B
Total Liabilities $14.85B
YoY Change 12.36%
SHAREHOLDERS EQUITY
Retained Earnings $3.149B
YoY Change 86.77%
Common Stock $6.853B
YoY Change 4.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.868B
YoY Change
Total Liabilities & Shareholders Equity $24.72B
YoY Change 12.68%

Cashflow Statement

Concept 2024 Q1
OPERATING ACTIVITIES
Net Income $972.0M
YoY Change 180.92%
Depreciation, Depletion And Amortization $557.0M
YoY Change 13.44%
Cash From Operating Activities $885.0M
YoY Change 38.71%
INVESTING ACTIVITIES
Capital Expenditures $957.0M
YoY Change 14.34%
Acquisitions
YoY Change
Other Investing Activities -$1.000M
YoY Change -75.0%
Cash From Investing Activities -$958.0M
YoY Change 13.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.000M
YoY Change
Cash From Financing Activities -177.0M
YoY Change -3.28%
NET CHANGE
Cash From Operating Activities 885.0M
Cash From Investing Activities -958.0M
Cash From Financing Activities -177.0M
Net Change In Cash -250.0M
YoY Change -35.23%
FREE CASH FLOW
Cash From Operating Activities $885.0M
Capital Expenditures $957.0M
Free Cash Flow -$72.00M
YoY Change -63.82%

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