CNQ FY 2009 Earnings Report — Canadian Natural Resources Limited Revenue & Financial Results | Market Cap Arena

Canadian Natural Resources LimitedCNQ

FY 2009 Earnings

Reported April 30, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$8.1B	—	$11.8B	—	-31.5%
Op. Income	$1.8B	—	$4.9B	—	-63.1%
Gross Margin	62.0%	—	60.4%	—	1.6pp
Net Margin	14.3%	—	30.8%	—	-16.6pp
EPS (Diluted)	$0.53	—	$1.69	—	-68.4%
Free Cash Flow	$2.1B	—	-$488M	—	524.1%

Revenue Flow

Item	Amount
REVENUE	$8.1B
Cost of Revenue	$3.1B
GROSS PROFIT	$5.0B
R&D Expenses	$0
Selling & Marketing	$540M
General & Administrative	$392M
SG&A Expenses	$932M
Other Expenses	$1.6B
Operating Expenses	$2.5B
Cost & Expenses	$5.6B
OPERATING INCOME	$1.8B
Interest Income	$0
Interest Expense	$300M
Other Income/Expenses	-$366M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$289M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$2.1B
EBIT	$1.7B
EBITDA	$3.8B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$8.1B
Cost of Revenue	$3.1B
GROSS PROFIT	$5.0B
R&D Expenses	$0
Selling & Marketing	$540M
General & Administrative	$392M
SG&A Expenses	$932M
Other Expenses	$1.6B
Operating Expenses	$2.5B
Cost & Expenses	$5.6B
OPERATING INCOME	$1.8B
Interest Income	$0
Interest Expense	$300M
Other Income/Expenses	-$366M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$289M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$2.1B
EBIT	$1.7B
EBITDA	$3.8B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$1.6B
Stock-Based Compensation	$260M
Deferred Income Tax	-$72M
Other Non-Cash Items	$1.5B
Change in Working Capital	-$172M
OPERATING CASH FLOW	$4.3B
Capital Expenditure	-$2.2B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$419M
NET CASH FROM INVESTING	-$2.6B
Net Debt Issuance	-$1.5B
Common Stock Repurchased	$0
Common Dividends Paid	-$165M
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$2.1B
Net Change in Cash	-$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$10M
Short-Term Investments	$0
Net Receivables	$840M
Inventory	$427M
Other Current Assets	$107M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$28.6B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$28.6B
TOTAL ASSETS	$30.0B
Account Payables	$176M
Short-Term Debt	$470M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$7.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$5.6B
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$14.0B
TOTAL LIABILITIES	$15.8B
Common Stock	$2.1B
Additional Paid-In Capital	$2.1B
Retained Earnings	$12.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$76M
Other Equity	-$2.1B
TOTAL STOCKHOLDERS' EQUITY	$14.2B
Minority Interest	$0
TOTAL EQUITY	$14.2B
TOTAL LIABILITIES & EQUITY	$30.0B
Total Debt	$7.5B
Net Debt	$7.5B