CNQ FY 2012 Earnings Report — Canadian Natural Resources Limited Revenue & Financial Results | Market Cap Arena

Canadian Natural Resources LimitedCNQ

FY 2012 Earnings

Reported March 27, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$11.8B	—	$11.3B	—	4.4%
Op. Income	$2.2B	—	$3.2B	—	-29.3%
Gross Margin	20.1%	—	50.3%	—	-30.1pp
Net Margin	11.7%	—	17.0%	—	-5.4pp
EPS (Diluted)	$0.63	—	$0.89	—	-28.9%
Free Cash Flow	$77M	—	$31M	—	150.0%

Revenue Flow

Item	Amount
REVENUE	$11.8B
Cost of Revenue	$9.5B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$41M
SG&A Expenses	$41M
Other Expenses	$110M
Operating Expenses	$2.4B
Cost & Expenses	$9.6B
OPERATING INCOME	$2.2B
Interest Income	$731.4K
Interest Expense	$268M
Other Income/Expenses	-$325M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$524M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$3.2B
EBIT	$2.2B
EBITDA	$5.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$11.8B
Cost of Revenue	$9.5B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$41M
SG&A Expenses	$41M
Other Expenses	$110M
Operating Expenses	$2.4B
Cost & Expenses	$9.6B
OPERATING INCOME	$2.2B
Interest Income	$731.4K
Interest Expense	$268M
Other Income/Expenses	-$325M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$524M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$3.2B
EBIT	$2.2B
EBITDA	$5.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$3.1B
Stock-Based Compensation	-$157M
Deferred Income Tax	-$22M
Other Non-Cash Items	-$73M
Change in Working Capital	$327M
OPERATING CASH FLOW	$4.5B
Capital Expenditure	-$4.5B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$129M
NET CASH FROM INVESTING	-$4.3B
Net Debt Issuance	$238M
Common Stock Repurchased	-$233M
Common Dividends Paid	-$325M
Other Financing Activities	$115M
NET CASH FROM FINANCING	-$204M
FREE CASH FLOW	$77M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$27M
Short-Term Investments	$0
Net Receivables	$876M
Inventory	$405M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$34.1B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$227M
Tax Assets	$0
Other Non-Current Assets	$86M
TOTAL NON-CURRENT ASSETS	$34.4B
TOTAL ASSETS	$35.8B
Account Payables	$340M
Short-Term Debt	$584M
Deferred Revenue	$0
Other Current Liabilities	$113M
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$5.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6.0B
Other Non-Current Liabilities	$3.4B
TOTAL NON-CURRENT LIABILITIES	$15.2B
TOTAL LIABILITIES	$18.1B
Common Stock	$2.7B
Additional Paid-In Capital	$2.7B
Retained Earnings	$15.0B
Treasury Stock	$0
Accum. Other Comp. Income	$42M
Other Equity	-$2.7B
TOTAL STOCKHOLDERS' EQUITY	$17.8B
Minority Interest	$0
TOTAL EQUITY	$17.8B
TOTAL LIABILITIES & EQUITY	$35.8B
Total Debt	$6.4B
Net Debt	$6.4B