CNQ FY 2011 Earnings Report — Canadian Natural Resources Limited Revenue & Financial Results | Market Cap Arena

Canadian Natural Resources LimitedCNQ

FY 2011 Earnings

Reported March 28, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$11.3B	—	—	—	—
Op. Income	$3.2B	—	—	—	—
Gross Margin	50.3%	—	—	—	—
Net Margin	17.0%	—	—	—	—
EPS (Diluted)	$0.89	—	—	—	—
Free Cash Flow	$31M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$11.3B
Cost of Revenue	$5.6B
GROSS PROFIT	$5.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$97M
SG&A Expenses	-$190M
Other Expenses	$2.7B
Operating Expenses	$2.8B
Cost & Expenses	$8.5B
OPERATING INCOME	$3.2B
Interest Income	$10M
Interest Expense	$286M
Other Income/Expenses	-$300M
INCOME BEFORE TAX	$2.9B
Income Tax Expense	$927M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$2.6B
EBIT	$3.1B
EBITDA	$5.8B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$11.3B
Cost of Revenue	$5.6B
GROSS PROFIT	$5.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$97M
SG&A Expenses	-$190M
Other Expenses	$2.7B
Operating Expenses	$2.8B
Cost & Expenses	$8.5B
OPERATING INCOME	$3.2B
Interest Income	$10M
Interest Expense	$286M
Other Income/Expenses	-$300M
INCOME BEFORE TAX	$2.9B
Income Tax Expense	$927M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$2.6B
EBIT	$3.1B
EBITDA	$5.8B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$2.9B
Stock-Based Compensation	-$75M
Deferred Income Tax	$298M
Other Non-Cash Items	-$482M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$4.6B
Capital Expenditure	-$4.5B
Acquisitions (Net)	$0
Purchases of Investments	-$235M
Sales/Maturities of Investments	$0
Other Investing Activities	$409M
NET CASH FROM INVESTING	-$4.4B
Net Debt Issuance	-$19M
Common Stock Repurchased	-$76M
Common Dividends Paid	-$276M
Other Financing Activities	$176M
NET CASH FROM FINANCING	-$196M
FREE CASH FLOW	$31M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$25M
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$402M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$32.3B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$235M
Tax Assets	$0
Other Non-Current Assets	$51M
TOTAL NON-CURRENT ASSETS	$32.5B
TOTAL ASSETS	$34.6B
Account Payables	$385M
Short-Term Debt	$263M
Deferred Revenue	$0
Other Current Liabilities	$333M
TOTAL CURRENT LIABILITIES	$3.0B
Long-Term Debt	$6.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6.0B
Other Non-Current Liabilities	$2.9B
TOTAL NON-CURRENT LIABILITIES	$14.9B
TOTAL LIABILITIES	$17.8B
Common Stock	$2.6B
Additional Paid-In Capital	$2.6B
Retained Earnings	$14.2B
Treasury Stock	$0
Accum. Other Comp. Income	$19M
Other Equity	-$2.6B
TOTAL STOCKHOLDERS' EQUITY	$16.7B
Minority Interest	$0
TOTAL EQUITY	$16.7B
TOTAL LIABILITIES & EQUITY	$34.6B
Total Debt	$6.3B
Net Debt	$6.2B