CNQ FY 2008 Earnings Report — Canadian Natural Resources Limited Revenue & Financial Results | Market Cap Arena

Canadian Natural Resources LimitedCNQ

FY 2008 Earnings

Reported March 27, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$11.8B	—	$9.2B	—	28.9%
Op. Income	$4.9B	—	$1.7B	—	186.9%
Gross Margin	60.4%	—	59.0%	—	1.4pp
Net Margin	30.8%	—	20.8%	—	10.0pp
EPS (Diluted)	$1.69	—	$0.89	—	90.9%
Free Cash Flow	-$488M	—	-$472M	—	-3.3%

Revenue Flow

Item	Amount
REVENUE	$11.8B
Cost of Revenue	$4.7B
GROSS PROFIT	$7.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$94M
SG&A Expenses	$94M
Other Expenses	$2.1B
Operating Expenses	$2.2B
Cost & Expenses	$6.9B
OPERATING INCOME	$4.9B
Interest Income	$0
Interest Expense	$94M
Other Income/Expenses	$411M
INCOME BEFORE TAX	$5.3B
Income Tax Expense	$1.7B
Net Income from Continuing Ops	$3.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.6B
D&A	$2.0B
EBIT	$5.4B
EBITDA	$7.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$11.8B
Cost of Revenue	$4.7B
GROSS PROFIT	$7.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$94M
SG&A Expenses	$94M
Other Expenses	$2.1B
Operating Expenses	$2.2B
Cost & Expenses	$6.9B
OPERATING INCOME	$4.9B
Interest Income	$0
Interest Expense	$94M
Other Income/Expenses	$411M
INCOME BEFORE TAX	$5.3B
Income Tax Expense	$1.7B
Net Income from Continuing Ops	$3.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.6B
D&A	$2.0B
EBIT	$5.4B
EBITDA	$7.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.6B
Depreciation & Amortization	$2.0B
Stock-Based Compensation	-$38M
Deferred Income Tax	$1.2B
Other Non-Cash Items	-$1.7B
Change in Working Capital	-$138M
OPERATING CASH FLOW	$4.9B
Capital Expenditure	-$5.4B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$186M
NET CASH FROM INVESTING	-$5.3B
Net Debt Issuance	$410M
Common Stock Repurchased	$0
Common Dividends Paid	-$152M
Other Financing Activities	$34M
NET CASH FROM FINANCING	$305M
FREE CASH FLOW	-$488M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$20M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$0
Other Current Assets	$1.4B
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$28.5B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$214M
TOTAL NON-CURRENT ASSETS	$28.7B
TOTAL ASSETS	$31.2B
Account Payables	$280M
Short-Term Debt	$307M
Deferred Revenue	$0
Other Current Liabilities	$597M
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$9.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$5.2B
Other Non-Current Liabilities	$822M
TOTAL NON-CURRENT LIABILITIES	$15.3B
TOTAL LIABILITIES	$17.8B
Common Stock	$0
Additional Paid-In Capital	$2.0B
Retained Earnings	$11.2B
Treasury Stock	$0
Accum. Other Comp. Income	$192M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.4B
Minority Interest	$0
TOTAL EQUITY	$13.4B
TOTAL LIABILITIES & EQUITY	$31.2B
Total Debt	$9.5B
Net Debt	$9.5B