BHP Q2 2019 Earnings Report — BHP Group Limited Revenue & Financial Results | Market Cap Arena

BHP Group LimitedBHP

Q2 2019 Earnings

Reported December 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$20.9B	—	$20.6B	—	1.3%
Op. Income	$7.3B	—	$7.2B	—	2.3%
Gross Margin	35.5%	—	35.3%	—	0.2pp
Net Margin	18.0%	—	9.8%	—	8.2pp
EPS (Diluted)	$1.52	—	$0.70	—	117.1%
Free Cash Flow	$4.2B	—	$4.8B	—	-12.2%

Revenue Flow

Item	Amount
REVENUE	$20.9B
Cost of Revenue	$13.5B
GROSS PROFIT	$7.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$85M
Operating Expenses	$85M
Cost & Expenses	$13.6B
OPERATING INCOME	$7.3B
Interest Income	$239M
Interest Expense	$591M
Other Income/Expenses	-$533M
INCOME BEFORE TAX	$6.8B
Income Tax Expense	$2.4B
Net Income from Continuing Ops	$4.4B
Net Income from Discontinued Ops	-$293M
Other Adjustments	$0
NET INCOME	$3.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.1B
D&A	$2.9B
EBIT	$7.3B
EBITDA	$10.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$20.9B
Cost of Revenue	$13.5B
GROSS PROFIT	$7.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$85M
Operating Expenses	$85M
Cost & Expenses	$13.6B
OPERATING INCOME	$7.3B
Interest Income	$239M
Interest Expense	$591M
Other Income/Expenses	-$533M
INCOME BEFORE TAX	$6.8B
Income Tax Expense	$2.4B
Net Income from Continuing Ops	$4.4B
Net Income from Discontinued Ops	-$293M
Other Adjustments	$0
NET INCOME	$3.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.1B
D&A	$2.9B
EBIT	$7.3B
EBITDA	$10.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.8B
Depreciation & Amortization	$2.9B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$663M
Change in Working Capital	-$42M
OPERATING CASH FLOW	$7.3B
Capital Expenditure	-$3.1B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$6.4B
NET CASH FROM INVESTING	$3.3B
Net Debt Issuance	$0
Common Stock Repurchased	-$5.3B
Common Dividends Paid	-$1.7B
Other Financing Activities	$513M
NET CASH FROM FINANCING	-$11.1B
FREE CASH FLOW	$4.2B
Net Change in Cash	-$714M

Balance Sheet

Item	Amount
Cash & Equivalents	$15.6B
Short-Term Investments	$237M
Net Receivables	$6.4B
Inventory	$4.0B
Other Current Assets	$447M
TOTAL CURRENT ASSETS	$26.4B
PP&E (Net)	$66.7B
Goodwill	$0
Intangible Assets	$718M
Long-Term Investments	$3.5B
Tax Assets	$3.8B
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$76.0B
TOTAL ASSETS	$102.4B
Account Payables	$5.6B
Short-Term Debt	$1.5B
Deferred Revenue	$128M
Other Current Liabilities	$3.2B
TOTAL CURRENT LIABILITIES	$10.4B
Long-Term Debt	$24.4B
Deferred Revenue NC	$315M
Deferred Tax Liabilities	$3.4B
Other Non-Current Liabilities	$11.5B
TOTAL NON-CURRENT LIABILITIES	$36.7B
TOTAL LIABILITIES	$47.1B
Common Stock	$2.2B
Additional Paid-In Capital	$0
Retained Earnings	$46.3B
Treasury Stock	-$16M
Accum. Other Comp. Income	$2.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$50.6B
Minority Interest	$4.7B
TOTAL EQUITY	$55.3B
TOTAL LIABILITIES & EQUITY	$102.4B
Total Debt	$25.5B
Net Debt	$9.9B