CNQ FY 2018 Earnings Report — Canadian Natural Resources Limited Revenue & Financial Results | Market Cap Arena

Canadian Natural Resources LimitedCNQ

FY 2018 Earnings

Reported March 27, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$16.3B	—	$12.9B	—	26.1%
Op. Income	$3.5B	—	$1.7B	—	107.6%
Gross Margin	23.4%	—	16.7%	—	6.7pp
Net Margin	11.6%	—	13.6%	—	-1.9pp
EPS (Diluted)	$0.77	—	$0.75	—	3.9%
Free Cash Flow	$4.2B	—	$1.9B	—	121.5%

Revenue Flow

Item	Amount
REVENUE	$16.3B
Cost of Revenue	$12.5B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$131M
SG&A Expenses	$131M
Other Expenses	$136M
Operating Expenses	$3.8B
Cost & Expenses	$12.7B
OPERATING INCOME	$3.5B
Interest Income	$43M
Interest Expense	$583M
Other Income/Expenses	-$969M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$680M
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	$3.9B
EBIT	$3.2B
EBITDA	$7.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$16.3B
Cost of Revenue	$12.5B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$131M
SG&A Expenses	$131M
Other Expenses	$136M
Operating Expenses	$3.8B
Cost & Expenses	$12.7B
OPERATING INCOME	$3.5B
Interest Income	$43M
Interest Expense	$583M
Other Income/Expenses	-$969M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$680M
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	$3.9B
EBIT	$3.2B
EBITDA	$7.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$4.3B
Stock-Based Compensation	-$107M
Deferred Income Tax	$407M
Other Non-Cash Items	-$93M
Change in Working Capital	$984M
OPERATING CASH FLOW	$7.4B
Capital Expenditure	-$3.1B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$467M
NET CASH FROM INVESTING	-$3.5B
Net Debt Issuance	-$2.1B
Common Stock Repurchased	-$937M
Common Dividends Paid	-$1.1B
Other Financing Activities	$243M
NET CASH FROM FINANCING	-$3.9B
FREE CASH FLOW	$4.2B
Net Change in Cash	-$26M

Balance Sheet

Item	Amount
Cash & Equivalents	$74M
Short-Term Investments	$383M
Net Receivables	$839M
Inventory	$698M
Other Current Assets	$85M
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$49.1B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$210M
Tax Assets	$0
Other Non-Current Assets	$772M
TOTAL NON-CURRENT ASSETS	$50.1B
TOTAL ASSETS	$52.3B
Account Payables	$569M
Short-Term Debt	$834M
Deferred Revenue	$0
Other Current Liabilities	$288M
TOTAL CURRENT LIABILITIES	$3.5B
Long-Term Debt	$14.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$8.4B
Other Non-Current Liabilities	$2.8B
TOTAL NON-CURRENT LIABILITIES	$25.4B
TOTAL LIABILITIES	$28.9B
Common Stock	$6.8B
Additional Paid-In Capital	$6.8B
Retained Earnings	$16.5B
Treasury Stock	$0
Accum. Other Comp. Income	$89M
Other Equity	-$6.8B
TOTAL STOCKHOLDERS' EQUITY	$23.4B
Minority Interest	$0
TOTAL EQUITY	$23.4B
TOTAL LIABILITIES & EQUITY	$52.3B
Total Debt	$15.1B
Net Debt	$15.0B