CNQ FY 2017 Earnings Report — Canadian Natural Resources Limited Revenue & Financial Results | Market Cap Arena

Canadian Natural Resources LimitedCNQ

FY 2017 Earnings

Reported March 21, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$12.9B	—	$8.1B	—	59.2%
Op. Income	$1.7B	—	-$935M	—	282.6%
Gross Margin	16.7%	—	-3.9%	—	20.6pp
Net Margin	13.6%	—	-1.8%	—	15.4pp
EPS (Diluted)	$0.75	—	$-0.07	—	1173.7%
Free Cash Flow	$1.9B	—	-$257M	—	830.5%

Revenue Flow

Item	Amount
REVENUE	$12.9B
Cost of Revenue	$10.8B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$331M
SG&A Expenses	$331M
Other Expenses	$0
Operating Expenses	$2.2B
Cost & Expenses	$11.2B
OPERATING INCOME	$1.7B
Interest Income	$71M
Interest Expense	$532M
Other Income/Expenses	$393M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$348M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$3.8B
EBIT	$2.6B
EBITDA	$5.6B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$12.9B
Cost of Revenue	$10.8B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$331M
SG&A Expenses	$331M
Other Expenses	$0
Operating Expenses	$2.2B
Cost & Expenses	$11.2B
OPERATING INCOME	$1.7B
Interest Income	$71M
Interest Expense	$532M
Other Income/Expenses	$393M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$348M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$3.8B
EBIT	$2.6B
EBITDA	$5.6B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.8B
Depreciation & Amortization	$2.9B
Stock-Based Compensation	$98M
Deferred Income Tax	$468M
Other Non-Cash Items	-$161M
Change in Working Capital	$219M
OPERATING CASH FLOW	$5.3B
Capital Expenditure	-$3.3B
Acquisitions (Net)	-$6.3B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$75M
NET CASH FROM INVESTING	-$9.6B
Net Debt Issuance	$4.9B
Common Stock Repurchased	$0
Common Dividends Paid	-$915M
Other Financing Activities	$341M
NET CASH FROM FINANCING	$4.4B
FREE CASH FLOW	$1.9B
Net Change in Cash	$88M

Balance Sheet

Item	Amount
Cash & Equivalents	$100M
Short-Term Investments	$653M
Net Receivables	$2.0B
Inventory	$653M
Other Current Assets	$58M
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$49.5B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$213M
Tax Assets	$0
Other Non-Current Assets	$640M
TOTAL NON-CURRENT ASSETS	$50.4B
TOTAL ASSETS	$54.0B
Account Payables	$566M
Short-Term Debt	$1.4B
Deferred Revenue	$0
Other Current Liabilities	$740M
TOTAL CURRENT LIABILITIES	$4.6B
Long-Term Debt	$15.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$8.0B
Other Non-Current Liabilities	$3.2B
TOTAL NON-CURRENT LIABILITIES	$26.3B
TOTAL LIABILITIES	$30.8B
Common Stock	$6.7B
Additional Paid-In Capital	$6.7B
Retained Earnings	$16.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$50M
Other Equity	-$6.7B
TOTAL STOCKHOLDERS' EQUITY	$23.1B
Minority Interest	$0
TOTAL EQUITY	$23.1B
TOTAL LIABILITIES & EQUITY	$54.0B
Total Debt	$16.4B
Net Debt	$16.3B