HP FY 2014 Earnings Report — Helmerich & Payne, Inc. Revenue & Financial Results | Market Cap Arena

Helmerich & Payne, Inc.HP

FY 2014 Earnings

Reported November 26, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$3.7B	—	—	—	—
Op. Income	$1.1B	—	—	—	—
Gross Margin	31.9%	—	—	—	—
Net Margin	19.1%	—	—	—	—
EPS (Diluted)	$6.46	—	—	—	—
Free Cash Flow	$166M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.5B
GROSS PROFIT	$1.2B
R&D Expenses	$16M
Selling & Marketing	$0
General & Administrative	$135M
SG&A Expenses	$135M
Other Expenses	-$636.0K
Operating Expenses	$151M
Cost & Expenses	$2.7B
OPERATING INCOME	$1.1B
Interest Income	$2M
Interest Expense	$5M
Other Income/Expenses	$43M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$388M
Net Income from Continuing Ops	$707M
Net Income from Discontinued Ops	-$47.0K
Other Adjustments	$0
NET INCOME	$709M
Net Income Deductions	-$30.0K
BOTTOM LINE NET INCOME	$702M
D&A	$524M
EBIT	$1.1B
EBITDA	$1.6B
EPS	$7
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.5B
GROSS PROFIT	$1.2B
R&D Expenses	$16M
Selling & Marketing	$0
General & Administrative	$135M
SG&A Expenses	$135M
Other Expenses	-$636.0K
Operating Expenses	$151M
Cost & Expenses	$2.7B
OPERATING INCOME	$1.1B
Interest Income	$2M
Interest Expense	$5M
Other Income/Expenses	$43M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$388M
Net Income from Continuing Ops	$707M
Net Income from Discontinued Ops	-$47.0K
Other Adjustments	$0
NET INCOME	$709M
Net Income Deductions	-$30.0K
BOTTOM LINE NET INCOME	$702M
D&A	$524M
EBIT	$1.1B
EBITDA	$1.6B
EPS	$7
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$709M
Depreciation & Amortization	$524M
Stock-Based Compensation	$27M
Deferred Income Tax	$27M
Other Non-Cash Items	-$91M
Change in Working Capital	-$77M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$953M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$49M
Other Investing Activities	$31M
NET CASH FROM INVESTING	-$873M
Net Debt Issuance	-$115M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$264M
Other Financing Activities	$47M
NET CASH FROM FINANCING	-$333M
FREE CASH FLOW	$166M
Net Change in Cash	-$87M

Balance Sheet

Item	Amount
Cash & Equivalents	$361M
Short-Term Investments	$0
Net Receivables	$705M
Inventory	$106M
Other Current Assets	$91M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$5.2B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$237M
Tax Assets	$27M
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$6.7B
Account Payables	$182M
Short-Term Debt	$40M
Deferred Revenue	$21M
Other Current Liabilities	$166M
TOTAL CURRENT LIABILITIES	$508M
Long-Term Debt	$40M
Deferred Revenue NC	$4M
Deferred Tax Liabilities	$1.2B
Other Non-Current Liabilities	$64M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$1.8B
Common Stock	$11M
Additional Paid-In Capital	$384M
Retained Earnings	$4.5B
Treasury Stock	-$113M
Accum. Other Comp. Income	$83M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.9B
Minority Interest	$0
TOTAL EQUITY	$4.9B
TOTAL LIABILITIES & EQUITY	$6.7B
Total Debt	$40M
Net Debt	-$321M