DEC Q2 2019 Earnings Report — Diversified Energy Company PLC Revenue & Financial Results | Market Cap Arena

Diversified Energy Company PLCDEC

Q2 2019 Earnings

Reported June 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$230M	—	$57M	—	301.5%
Op. Income	$105M	—	-$6M	—	1904.9%
Gross Margin	61.8%	—	49.9%	—	12.0pp
Net Margin	27.0%	—	41.1%	—	-14.1pp
EPS (Diluted)	$1.59	—	$1.77	—	-10.2%
Free Cash Flow	$111M	—	$6M	—	1749.6%

Revenue Flow

Item	Amount
REVENUE	$230M
Cost of Revenue	$88M
GROSS PROFIT	$142M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$19M
SG&A Expenses	$19M
Other Expenses	$0
Operating Expenses	$41M
Cost & Expenses	$129M
OPERATING INCOME	$105M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$84M
Income Tax Expense	$22M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$62M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$51M
EBIT	$105M
EBITDA	$156M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$230M
Cost of Revenue	$88M
GROSS PROFIT	$142M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$19M
SG&A Expenses	$19M
Other Expenses	$0
Operating Expenses	$41M
Cost & Expenses	$129M
OPERATING INCOME	$105M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$84M
Income Tax Expense	$22M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$62M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$51M
EBIT	$105M
EBITDA	$156M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$62M
Depreciation & Amortization	$51M
Stock-Based Compensation	$408.0K
Deferred Income Tax	$0
Other Non-Cash Items	$15M
Change in Working Capital	$1M
OPERATING CASH FLOW	$131M
Capital Expenditure	-$19M
Acquisitions (Net)	-$388M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$49.0K
NET CASH FROM INVESTING	-$407M
Net Debt Issuance	$0
Common Stock Repurchased	-$19M
Common Dividends Paid	-$36M
Other Financing Activities	$331M
NET CASH FROM FINANCING	$275M
FREE CASH FLOW	$111M
Net Change in Cash	$72.3K

Balance Sheet

Item	Amount
Cash & Equivalents	-$3M
Short-Term Investments	$0
Net Receivables	$75M
Inventory	$5M
Other Current Assets	$51M
TOTAL CURRENT ASSETS	$134M
PP&E (Net)	$1.8B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$1.9B
Account Payables	$8M
Short-Term Debt	$918.0K
Deferred Revenue	$0
Other Current Liabilities	$27M
TOTAL CURRENT LIABILITIES	$59M
Long-Term Debt	$612M
Deferred Revenue NC	$166M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$116M
TOTAL NON-CURRENT LIABILITIES	$896M
TOTAL LIABILITIES	$955M
Common Stock	$9M
Additional Paid-In Capital	$761M
Retained Earnings	$207M
Treasury Stock	$0
Accum. Other Comp. Income	$772.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$978M
Minority Interest	$0
TOTAL EQUITY	$978M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$613M
Net Debt	$616M