NFG FY 2009 Earnings Report — National Fuel Gas Company Revenue & Financial Results | Market Cap Arena

National Fuel Gas CompanyNFG

FY 2009 Earnings

Reported November 25, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$2.1B	—	$2.4B	—	-14.5%
Op. Income	$228M	—	$486M	—	-53.2%
Gross Margin	51.4%	—	48.5%	—	2.8pp
Net Margin	4.9%	—	11.2%	—	-6.3pp
EPS (Diluted)	$1.25	—	$3.18	—	-60.7%
Free Cash Flow	$300M	—	$85M	—	252.2%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$997M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$72M
SG&A Expenses	$0
Other Expenses	$827M
Operating Expenses	$827M
Cost & Expenses	$1.8B
OPERATING INCOME	$228M
Interest Income	$6M
Interest Expense	$87M
Other Income/Expenses	-$71M
INCOME BEFORE TAX	$152M
Income Tax Expense	$51M
Net Income from Continuing Ops	$103M
Net Income from Discontinued Ops	$0
Other Adjustments	-$3M
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$173M
EBIT	$243M
EBITDA	$417M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$997M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$72M
SG&A Expenses	$0
Other Expenses	$827M
Operating Expenses	$827M
Cost & Expenses	$1.8B
OPERATING INCOME	$228M
Interest Income	$6M
Interest Expense	$87M
Other Income/Expenses	-$71M
INCOME BEFORE TAX	$152M
Income Tax Expense	$51M
Net Income from Continuing Ops	$103M
Net Income from Discontinued Ops	$0
Other Adjustments	-$3M
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$173M
EBIT	$243M
EBITDA	$417M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$101M
Depreciation & Amortization	$173M
Stock-Based Compensation	-$6M
Deferred Income Tax	-$3M
Other Non-Cash Items	$202M
Change in Working Capital	$142M
OPERATING CASH FLOW	$609M
Capital Expenditure	-$310M
Acquisitions (Net)	-$31M
Purchases of Investments	-$1M
Sales/Maturities of Investments	$0
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$347M
Net Debt Issuance	$148M
Common Stock Repurchased	$0
Common Dividends Paid	-$104M
Other Financing Activities	$6M
NET CASH FROM FINANCING	$78M
FREE CASH FLOW	$300M
Net Change in Cash	$340M

Balance Sheet

Item	Amount
Cash & Equivalents	$408M
Short-Term Investments	$0
Net Receivables	$163M
Inventory	$80M
Other Current Assets	$125M
TOTAL CURRENT ASSETS	$777M
PP&E (Net)	$3.1B
Goodwill	$5M
Intangible Assets	$22M
Long-Term Investments	$140M
Tax Assets	$138M
Other Non-Current Assets	$554M
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$4.8B
Account Payables	$197M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$44M
TOTAL CURRENT LIABILITIES	$319M
Long-Term Debt	$1.2B
Deferred Revenue NC	$144M
Deferred Tax Liabilities	$71M
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$2.9B
TOTAL LIABILITIES	$3.2B
Common Stock	$81M
Additional Paid-In Capital	$603M
Retained Earnings	$948M
Treasury Stock	$0
Accum. Other Comp. Income	-$42M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$1.3B
Net Debt	$843M