EC Q1 2019 Earnings Report — Ecopetrol S.A. Revenue & Financial Results | Market Cap Arena

Ecopetrol S.A.EC

Q1 2019 Earnings

Reported May 7, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$4.5B	—	—	—	—
Op. Income	$1.4B	—	—	—	—
Gross Margin	35.8%	—	—	—	—
Net Margin	17.2%	—	—	—	—
EPS (Diluted)	$0.37	—	—	—	—
Free Cash Flow	$1.1B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$2.9B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$193M
SG&A Expenses	$193M
Other Expenses	$17M
Operating Expenses	$210M
Cost & Expenses	$3.1B
OPERATING INCOME	$1.4B
Interest Income	$36M
Interest Expense	$130M
Other Income/Expenses	-$63M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$469M
Net Income from Continuing Ops	$857M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$769M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$769M
D&A	$558M
EBIT	$1.4B
EBITDA	$1.9B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$2.9B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$193M
SG&A Expenses	$193M
Other Expenses	$17M
Operating Expenses	$210M
Cost & Expenses	$3.1B
OPERATING INCOME	$1.4B
Interest Income	$36M
Interest Expense	$130M
Other Income/Expenses	-$63M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$469M
Net Income from Continuing Ops	$857M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$769M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$769M
D&A	$558M
EBIT	$1.4B
EBITDA	$1.9B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$777M
Depreciation & Amortization	$592M
Stock-Based Compensation	$0
Deferred Income Tax	$9M
Other Non-Cash Items	$393M
Change in Working Capital	-$502M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$170M
Acquisitions (Net)	$7M
Purchases of Investments	$0
Sales/Maturities of Investments	$198M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$344M
Net Debt Issuance	$9M
Common Stock Repurchased	-$67M
Common Dividends Paid	-$94M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$151M
FREE CASH FLOW	$1.1B
Net Change in Cash	$746M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.5B
Short-Term Investments	$1.4B
Net Receivables	$2.3B
Inventory	$1.5B
Other Current Assets	$593M
TOTAL CURRENT ASSETS	$8.4B
PP&E (Net)	$24.0B
Goodwill	$258M
Intangible Assets	$118M
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$2.0B
TOTAL NON-CURRENT ASSETS	$27.5B
TOTAL ASSETS	$35.9B
Account Payables	$1.8B
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$4.1B
TOTAL CURRENT LIABILITIES	$7.5B
Long-Term Debt	$9.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4.2B
TOTAL NON-CURRENT LIABILITIES	$13.7B
TOTAL LIABILITIES	$21.2B
Common Stock	$7.0B
Additional Paid-In Capital	$1.9B
Retained Earnings	$3.2B
Treasury Stock	$0
Accum. Other Comp. Income	$2.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.2B
Minority Interest	$557M
TOTAL EQUITY	$14.8B
TOTAL LIABILITIES & EQUITY	$35.9B
Total Debt	$10.6B
Net Debt	$8.1B