NFG FY 2018 Earnings Report — National Fuel Gas Company Revenue & Financial Results | Market Cap Arena

National Fuel Gas CompanyNFG

FY 2018 Earnings

Reported November 16, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.6B	—	0.8%
Op. Income	$520M	—	$594M	—	-12.5%
Gross Margin	37.9%	—	43.0%	—	-5.0pp
Net Margin	24.6%	—	17.9%	—	6.6pp
EPS (Diluted)	$4.53	—	$3.30	—	37.3%
Free Cash Flow	$31M	—	$234M	—	-86.6%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$989M
GROSS PROFIT	$604M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$84M
Operating Expenses	$84M
Cost & Expenses	$1.1B
OPERATING INCOME	$520M
Interest Income	$0
Interest Expense	$115M
Other Income/Expenses	-$136M
INCOME BEFORE TAX	$384M
Income Tax Expense	-$7M
Net Income from Continuing Ops	$392M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$392M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$392M
D&A	$241M
EBIT	$499M
EBITDA	$740M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$989M
GROSS PROFIT	$604M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$84M
Operating Expenses	$84M
Cost & Expenses	$1.1B
OPERATING INCOME	$520M
Interest Income	$0
Interest Expense	$115M
Other Income/Expenses	-$136M
INCOME BEFORE TAX	$384M
Income Tax Expense	-$7M
Net Income from Continuing Ops	$392M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$392M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$392M
D&A	$241M
EBIT	$499M
EBITDA	$740M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$392M
Depreciation & Amortization	$241M
Stock-Based Compensation	$16M
Deferred Income Tax	-$18M
Other Non-Cash Items	$16M
Change in Working Capital	-$31M
OPERATING CASH FLOW	$615M
Capital Expenditure	-$584M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$55M
NET CASH FROM INVESTING	-$529M
Net Debt Issuance	-$271M
Common Stock Repurchased	$0
Common Dividends Paid	-$143M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$411M
FREE CASH FLOW	$31M
Net Change in Cash	-$324M

Balance Sheet

Item	Amount
Cash & Equivalents	$230M
Short-Term Investments	$0
Net Receivables	$197M
Inventory	$78M
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$545M
PP&E (Net)	$5.0B
Goodwill	$5M
Intangible Assets	$0
Long-Term Investments	$133M
Tax Assets	$0
Other Non-Current Assets	$377M
TOTAL NON-CURRENT ASSETS	$5.5B
TOTAL ASSETS	$6.0B
Account Payables	$160M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$237M
TOTAL CURRENT LIABILITIES	$440M
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$513M
Other Non-Current Liabilities	$1.0B
TOTAL NON-CURRENT LIABILITIES	$3.7B
TOTAL LIABILITIES	$4.1B
Common Stock	$86M
Additional Paid-In Capital	$820M
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$68M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$6.0B
Total Debt	$2.1B
Net Debt	$1.9B