CVX FY 2007 Earnings Report — Chevron Corporation Revenue & Financial Results | Market Cap Arena

Chevron CorporationCVX

FY 2007 Earnings

Reported March 27, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$220.9B	—	$210.1B	—	5.1%
Op. Income	$32.4B	—	$32.5B	—	-0.2%
Gross Margin	31.4%	—	31.4%	—	-0.0pp
Net Margin	8.5%	—	8.2%	—	0.3pp
EPS (Diluted)	$8.77	—	$7.80	—	12.4%
Free Cash Flow	$8.3B	—	$10.5B	—	-21.0%

Revenue Flow

Item	Amount
REVENUE	$220.9B
Cost of Revenue	$151.6B
GROSS PROFIT	$69.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.9B
Other Expenses	$31.0B
Operating Expenses	$36.9B
Cost & Expenses	$188.5B
OPERATING INCOME	$32.4B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$273M
INCOME BEFORE TAX	$32.2B
Income Tax Expense	$13.5B
Net Income from Continuing Ops	$18.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$107M
NET INCOME	$18.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18.7B
D&A	$8.7B
EBIT	$32.4B
EBITDA	$41.1B
EPS	$9
EPS Diluted	$9

Income Statement

Item	Amount
REVENUE	$220.9B
Cost of Revenue	$151.6B
GROSS PROFIT	$69.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.9B
Other Expenses	$31.0B
Operating Expenses	$36.9B
Cost & Expenses	$188.5B
OPERATING INCOME	$32.4B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$273M
INCOME BEFORE TAX	$32.2B
Income Tax Expense	$13.5B
Net Income from Continuing Ops	$18.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$107M
NET INCOME	$18.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18.7B
D&A	$8.7B
EBIT	$32.4B
EBITDA	$41.1B
EPS	$9
EPS Diluted	$9

Cash Flow Statement

Item	Amount
Net Income	$18.7B
Depreciation & Amortization	$8.7B
Stock-Based Compensation	$0
Deferred Income Tax	$261M
Other Non-Cash Items	-$1.9B
Change in Working Capital	$73M
OPERATING CASH FLOW	$25.0B
Capital Expenditure	-$16.7B
Acquisitions (Net)	$3.3B
Purchases of Investments	-$799M
Sales/Maturities of Investments	$185M
Other Investing Activities	$21M
NET CASH FROM INVESTING	-$13.9B
Net Debt Issuance	-$3.0B
Common Stock Repurchased	-$6.4B
Common Dividends Paid	-$4.8B
Other Financing Activities	-$77M
NET CASH FROM FINANCING	-$14.3B
FREE CASH FLOW	$8.3B
Net Change in Cash	-$3.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$7.4B
Short-Term Investments	$732M
Net Receivables	$22.4B
Inventory	$5.3B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$39.4B
PP&E (Net)	$78.6B
Goodwill	$4.6B
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$26.2B
TOTAL NON-CURRENT ASSETS	$109.4B
TOTAL ASSETS	$148.8B
Account Payables	$21.8B
Short-Term Debt	$1.2B
Deferred Revenue	$0
Other Current Liabilities	$5.6B
TOTAL CURRENT LIABILITIES	$33.8B
Long-Term Debt	$5.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$12.2B
Other Non-Current Liabilities	$19.5B
TOTAL NON-CURRENT LIABILITIES	$37.7B
TOTAL LIABILITIES	$71.5B
Common Stock	$1.8B
Additional Paid-In Capital	$14.3B
Retained Earnings	$82.3B
Treasury Stock	-$18.9B
Accum. Other Comp. Income	-$2.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$77.1B
Minority Interest	$204M
TOTAL EQUITY	$77.3B
TOTAL LIABILITIES & EQUITY	$148.8B
Total Debt	$7.2B
Net Debt	-$130M