CVE FY 2017 Earnings Report — Cenovus Energy Inc. Revenue & Financial Results | Market Cap Arena

Cenovus Energy Inc.CVE

FY 2017 Earnings

Reported February 15, 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	$12.7B	—	$8.0B	—	57.2%
Op. Income	$177M	—	-$162M	—	209.5%
Gross Margin	19.8%	—	12.5%	—	7.2pp
Net Margin	19.4%	—	-4.9%	—	24.4pp
EPS (Diluted)	$2.23	—	$-0.48	—	569.2%
Free Cash Flow	$1.0B	—	-$126M	—	902.9%

Revenue Flow

Item	Amount
REVENUE	$12.7B
Cost of Revenue	$10.2B
GROSS PROFIT	$2.5B
R&D Expenses	$26M
Selling & Marketing	$0
General & Administrative	$219M
SG&A Expenses	$219M
Other Expenses	$2.3B
Operating Expenses	$2.5B
Cost & Expenses	$12.7B
OPERATING INCOME	$177M
Interest Income	$45M
Interest Expense	$452M
Other Income/Expenses	$1.4B
INCOME BEFORE TAX	$1.6B
Income Tax Expense	-$38M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$802M
Other Adjustments	$0
NET INCOME	$2.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.5B
D&A	$1.5B
EBIT	$2.1B
EBITDA	$3.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$12.7B
Cost of Revenue	$10.2B
GROSS PROFIT	$2.5B
R&D Expenses	$26M
Selling & Marketing	$0
General & Administrative	$219M
SG&A Expenses	$219M
Other Expenses	$2.3B
Operating Expenses	$2.5B
Cost & Expenses	$12.7B
OPERATING INCOME	$177M
Interest Income	$45M
Interest Expense	$452M
Other Income/Expenses	$1.4B
INCOME BEFORE TAX	$1.6B
Income Tax Expense	-$38M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$802M
Other Adjustments	$0
NET INCOME	$2.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.5B
D&A	$1.5B
EBIT	$2.1B
EBITDA	$3.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.5B
Depreciation & Amortization	$0
Stock-Based Compensation	-$4M
Deferred Income Tax	$426M
Other Non-Cash Items	-$752M
Change in Working Capital	$106M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$1.2B
Acquisitions (Net)	-$10.6B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2.5B
NET CASH FROM INVESTING	-$9.4B
Net Debt Issuance	$2.8B
Common Stock Repurchased	$0
Common Dividends Paid	-$164M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	$4.8B
FREE CASH FLOW	$1.0B
Net Change in Cash	-$2.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$446M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$1.0B
Other Current Assets	$812M
TOTAL CURRENT ASSETS	$3.7B
PP&E (Net)	$24.3B
Goodwill	$1.7B
Intangible Assets	$0
Long-Term Investments	$27M
Tax Assets	$0
Other Non-Current Assets	$254M
TOTAL NON-CURRENT ASSETS	$26.3B
TOTAL ASSETS	$29.9B
Account Payables	$246M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$7.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5.1B
TOTAL NON-CURRENT LIABILITIES	$12.1B
TOTAL LIABILITIES	$15.3B
Common Stock	$8.1B
Additional Paid-In Capital	$3.2B
Retained Earnings	$2.9B
Treasury Stock	$0
Accum. Other Comp. Income	$470M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.6B
Minority Interest	$0
TOTAL EQUITY	$14.6B
TOTAL LIABILITIES & EQUITY	$29.9B
Total Debt	$7.0B
Net Debt	$6.5B