NFG FY 2014 Earnings Report — National Fuel Gas Company Revenue & Financial Results | Market Cap Arena

National Fuel Gas CompanyNFG

FY 2014 Earnings

Reported November 21, 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	$2.1B	—	$1.8B	—	15.5%
Op. Income	$570M	—	$518M	—	10.0%
Gross Margin	31.3%	—	32.8%	—	-1.6pp
Net Margin	14.2%	—	14.2%	—	-0.0pp
EPS (Diluted)	$3.52	—	$3.08	—	14.3%
Free Cash Flow	-$5M	—	$35M	—	-114.3%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.5B
GROSS PROFIT	$660M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$91M
Operating Expenses	$91M
Cost & Expenses	$1.5B
OPERATING INCOME	$570M
Interest Income	$4M
Interest Expense	$94M
Other Income/Expenses	-$81M
INCOME BEFORE TAX	$489M
Income Tax Expense	$190M
Net Income from Continuing Ops	$299M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$299M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$299M
D&A	$384M
EBIT	$583M
EBITDA	$967M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.5B
GROSS PROFIT	$660M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$91M
Operating Expenses	$91M
Cost & Expenses	$1.5B
OPERATING INCOME	$570M
Interest Income	$4M
Interest Expense	$94M
Other Income/Expenses	-$81M
INCOME BEFORE TAX	$489M
Income Tax Expense	$190M
Net Income from Continuing Ops	$299M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$299M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$299M
D&A	$384M
EBIT	$583M
EBITDA	$967M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$299M
Depreciation & Amortization	$384M
Stock-Based Compensation	$12M
Deferred Income Tax	$142M
Other Non-Cash Items	$9M
Change in Working Capital	$63M
OPERATING CASH FLOW	$909M
Capital Expenditure	-$914M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$908M
Net Debt Issuance	$86M
Common Stock Repurchased	$0
Common Dividends Paid	-$127M
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$29M
FREE CASH FLOW	-$5M
Net Change in Cash	-$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	$0
Net Receivables	$184M
Inventory	$67M
Other Current Assets	$63M
TOTAL CURRENT ASSETS	$377M
PP&E (Net)	$5.7B
Goodwill	$5M
Intangible Assets	$0
Long-Term Investments	$87M
Tax Assets	$40M
Other Non-Current Assets	$487M
TOTAL NON-CURRENT ASSETS	$6.4B
TOTAL ASSETS	$6.7B
Account Payables	$137M
Short-Term Debt	$86M
Deferred Revenue	$0
Other Current Liabilities	$238M
TOTAL CURRENT LIABILITIES	$491M
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.5B
Other Non-Current Liabilities	$745M
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$4.3B
Common Stock	$84M
Additional Paid-In Capital	$716M
Retained Earnings	$1.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$0
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$6.7B
Total Debt	$1.7B
Net Debt	$1.7B