CNX FY 2011 Earnings Report — CNX Resources Corporation Revenue & Financial Results | Market Cap Arena

CNX Resources CorporationCNX

FY 2011 Earnings

Reported February 10, 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	$6.1B	—	—	—	—
Op. Income	$1.2B	—	—	—	—
Gross Margin	38.0%	—	—	—	—
Net Margin	10.3%	—	—	—	—
EPS (Diluted)	$2.76	—	—	—	—
Free Cash Flow	$145M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$6.1B
Cost of Revenue	$3.8B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$190M
Other Expenses	$963M
Operating Expenses	$1.2B
Cost & Expenses	$5.0B
OPERATING INCOME	$1.2B
Interest Income	-$6M
Interest Expense	$248M
Other Income/Expenses	-$225M
INCOME BEFORE TAX	$788M
Income Tax Expense	$191M
Net Income from Continuing Ops	$632M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$632M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$632M
D&A	$626M
EBIT	$1.0B
EBITDA	$1.7B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$6.1B
Cost of Revenue	$3.8B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$190M
Other Expenses	$963M
Operating Expenses	$1.2B
Cost & Expenses	$5.0B
OPERATING INCOME	$1.2B
Interest Income	-$6M
Interest Expense	$248M
Other Income/Expenses	-$225M
INCOME BEFORE TAX	$788M
Income Tax Expense	$191M
Net Income from Continuing Ops	$632M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$632M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$632M
D&A	$626M
EBIT	$1.0B
EBITDA	$1.7B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$632M
Depreciation & Amortization	$626M
Stock-Based Compensation	$49M
Deferred Income Tax	-$53M
Other Non-Cash Items	$61M
Change in Working Capital	$213M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$1.4B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$56M
Other Investing Activities	$748M
NET CASH FROM INVESTING	-$579M
Net Debt Issuance	-$511M
Common Stock Repurchased	$0
Common Dividends Paid	-$96M
Other Financing Activities	-$8M
NET CASH FROM FINANCING	-$606M
FREE CASH FLOW	$145M
Net Change in Cash	$343M

Balance Sheet

Item	Amount
Cash & Equivalents	$376M
Short-Term Investments	$0
Net Receivables	$883M
Inventory	$258M
Other Current Assets	$141M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$9.3B
Goodwill	$0
Intangible Assets	$883M
Long-Term Investments	$182M
Tax Assets	$508M
Other Non-Current Assets	$311M
TOTAL NON-CURRENT ASSETS	$10.6B
TOTAL ASSETS	$12.5B
Account Payables	$522M
Short-Term Debt	$21M
Deferred Revenue	$0
Other Current Liabilities	$455M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$3.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4.3B
TOTAL NON-CURRENT LIABILITIES	$7.5B
TOTAL LIABILITIES	$8.9B
Common Stock	$2M
Additional Paid-In Capital	$2.2B
Retained Earnings	$2.2B
Treasury Stock	-$9M
Accum. Other Comp. Income	-$802M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.6B
Minority Interest	$0
TOTAL EQUITY	$3.6B
TOTAL LIABILITIES & EQUITY	$12.5B
Total Debt	$3.2B
Net Debt	$2.8B