HP FY 2015 Earnings Report — Helmerich & Payne, Inc. Revenue & Financial Results | Market Cap Arena

Helmerich & Payne, Inc.HP

FY 2015 Earnings

Reported November 25, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$3.2B	—	$3.7B	—	-14.9%
Op. Income	$676M	—	$1.1B	—	-35.9%
Gross Margin	27.0%	—	31.9%	—	-4.9pp
Net Margin	13.3%	—	19.1%	—	-5.7pp
EPS (Diluted)	$3.87	—	$6.46	—	-40.1%
Free Cash Flow	$285M	—	$166M	—	72.2%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$2.3B
GROSS PROFIT	$854M
R&D Expenses	$16M
Selling & Marketing	$0
General & Administrative	$135M
SG&A Expenses	$135M
Other Expenses	-$901.0K
Operating Expenses	$151M
Cost & Expenses	$2.5B
OPERATING INCOME	$676M
Interest Income	$6M
Interest Expense	$15M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$666M
Income Tax Expense	$243M
Net Income from Continuing Ops	$420M
Net Income from Discontinued Ops	$0
Other Adjustments	-$47.0K
NET INCOME	$422M
Net Income Deductions	$6.0K
BOTTOM LINE NET INCOME	$418M
D&A	$607M
EBIT	$677M
EBITDA	$1.3B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$2.3B
GROSS PROFIT	$854M
R&D Expenses	$16M
Selling & Marketing	$0
General & Administrative	$135M
SG&A Expenses	$135M
Other Expenses	-$901.0K
Operating Expenses	$151M
Cost & Expenses	$2.5B
OPERATING INCOME	$676M
Interest Income	$6M
Interest Expense	$15M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$666M
Income Tax Expense	$243M
Net Income from Continuing Ops	$420M
Net Income from Discontinued Ops	$0
Other Adjustments	-$47.0K
NET INCOME	$422M
Net Income Deductions	$6.0K
BOTTOM LINE NET INCOME	$418M
D&A	$607M
EBIT	$677M
EBITDA	$1.3B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$422M
Depreciation & Amortization	$607M
Stock-Based Compensation	$25M
Deferred Income Tax	$132M
Other Non-Cash Items	-$95M
Change in Working Capital	$328M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$1.1B
Acquisitions (Net)	$0
Purchases of Investments	-$46M
Sales/Maturities of Investments	$0
Other Investing Activities	$23M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$457M
Common Stock Repurchased	-$60M
Common Dividends Paid	-$298M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	$95M
FREE CASH FLOW	$285M
Net Change in Cash	$357M

Balance Sheet

Item	Amount
Cash & Equivalents	$718M
Short-Term Investments	$46M
Net Receivables	$449M
Inventory	$129M
Other Current Assets	$83M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$5.6B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$104M
Tax Assets	$17M
Other Non-Current Assets	$41M
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$7.2B
Account Payables	$111M
Short-Term Debt	$39M
Deferred Revenue	$61M
Other Current Liabilities	$105M
TOTAL CURRENT LIABILITIES	$351M
Long-Term Debt	$492M
Deferred Revenue NC	$39M
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$116M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$2.3B
Common Stock	$11M
Additional Paid-In Capital	$420M
Retained Earnings	$4.6B
Treasury Stock	-$182M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.9B
Minority Interest	$0
TOTAL EQUITY	$4.9B
TOTAL LIABILITIES & EQUITY	$7.2B
Total Debt	$492M
Net Debt	-$226M