BHP Q2 2018 Earnings Report — BHP Group Limited Revenue & Financial Results | Market Cap Arena

BHP Group LimitedBHP

Q2 2018 Earnings

Reported December 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$20.6B	—	$19.3B	—	7.0%
Op. Income	$7.2B	—	$6.1B	—	18.3%
Gross Margin	35.3%	—	31.7%	—	3.6pp
Net Margin	9.8%	—	16.6%	—	-6.8pp
EPS (Diluted)	$0.70	—	$1.20	—	-41.7%
Free Cash Flow	$4.8B	—	$5.0B	—	-3.4%

Revenue Flow

Item	Amount
REVENUE	$20.6B
Cost of Revenue	$13.4B
GROSS PROFIT	$7.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$115M
Operating Expenses	$115M
Cost & Expenses	$13.5B
OPERATING INCOME	$7.2B
Interest Income	$79M
Interest Expense	$459M
Other Income/Expenses	-$658M
INCOME BEFORE TAX	$6.5B
Income Tax Expense	$4.1B
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$168M
Other Adjustments	$0
NET INCOME	$2.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$3.3B
EBIT	$7.0B
EBITDA	$10.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$20.6B
Cost of Revenue	$13.4B
GROSS PROFIT	$7.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$115M
Operating Expenses	$115M
Cost & Expenses	$13.5B
OPERATING INCOME	$7.2B
Interest Income	$79M
Interest Expense	$459M
Other Income/Expenses	-$658M
INCOME BEFORE TAX	$6.5B
Income Tax Expense	$4.1B
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$168M
Other Adjustments	$0
NET INCOME	$2.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$3.3B
EBIT	$7.0B
EBITDA	$10.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2.0B
Depreciation & Amortization	$3.3B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$3.1B
Change in Working Capital	-$1.1B
OPERATING CASH FLOW	$7.3B
Capital Expenditure	-$2.5B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$96M
NET CASH FROM INVESTING	-$2.4B
Net Debt Issuance	$0
Common Stock Repurchased	-$96M
Common Dividends Paid	-$1.1B
Other Financing Activities	-$1.2B
NET CASH FROM FINANCING	-$7.1B
FREE CASH FLOW	$4.8B
Net Change in Cash	-$1.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$12.3B
Short-Term Investments	$51M
Net Receivables	$3.6B
Inventory	$4.0B
Other Current Assets	$259M
TOTAL CURRENT ASSETS	$20.1B
PP&E (Net)	$78.8B
Goodwill	$0
Intangible Assets	$3.9B
Long-Term Investments	$4.0B
Tax Assets	$4.4B
Other Non-Current Assets	$1.4B
TOTAL NON-CURRENT ASSETS	$92.4B
TOTAL ASSETS	$112.6B
Account Payables	$6.0B
Short-Term Debt	$2.0B
Deferred Revenue	$63M
Other Current Liabilities	$3.5B
TOTAL CURRENT LIABILITIES	$11.5B
Long-Term Debt	$25.7B
Deferred Revenue NC	$350M
Deferred Tax Liabilities	$3.5B
Other Non-Current Liabilities	$13.2B
TOTAL NON-CURRENT LIABILITIES	$38.9B
TOTAL LIABILITIES	$50.4B
Common Stock	$2.2B
Additional Paid-In Capital	$0
Retained Earnings	$52.4B
Treasury Stock	-$8M
Accum. Other Comp. Income	$2.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$57.0B
Minority Interest	$5.2B
TOTAL EQUITY	$62.2B
TOTAL LIABILITIES & EQUITY	$112.6B
Total Debt	$27.7B
Net Debt	$15.4B