NFG FY 2019 Earnings Report — National Fuel Gas Company Revenue & Financial Results | Market Cap Arena

National Fuel Gas CompanyNFG

FY 2019 Earnings

Reported November 15, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.6B	—	6.3%
Op. Income	$512M	—	$520M	—	-1.5%
Gross Margin	35.5%	—	37.9%	—	-2.5pp
Net Margin	18.0%	—	24.6%	—	-6.6pp
EPS (Diluted)	$3.51	—	$4.53	—	-22.5%
Free Cash Flow	-$94M	—	$31M	—	-401.8%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$601M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$89M
Operating Expenses	$89M
Cost & Expenses	$1.2B
OPERATING INCOME	$512M
Interest Income	$0
Interest Expense	$107M
Other Income/Expenses	-$122M
INCOME BEFORE TAX	$390M
Income Tax Expense	$85M
Net Income from Continuing Ops	$304M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$304M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$304M
D&A	$276M
EBIT	$496M
EBITDA	$772M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$601M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$89M
Operating Expenses	$89M
Cost & Expenses	$1.2B
OPERATING INCOME	$512M
Interest Income	$0
Interest Expense	$107M
Other Income/Expenses	-$122M
INCOME BEFORE TAX	$390M
Income Tax Expense	$85M
Net Income from Continuing Ops	$304M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$304M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$304M
D&A	$276M
EBIT	$496M
EBITDA	$772M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$304M
Depreciation & Amortization	$276M
Stock-Based Compensation	$21M
Deferred Income Tax	$122M
Other Non-Cash Items	$9M
Change in Working Capital	-$38M
OPERATING CASH FLOW	$694M
Capital Expenditure	-$789M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$10M
NET CASH FROM INVESTING	-$799M
Net Debt Issuance	$55M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$147M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$101M
FREE CASH FLOW	-$94M
Net Change in Cash	-$206M

Balance Sheet

Item	Amount
Cash & Equivalents	$20M
Short-Term Investments	$0
Net Receivables	$210M
Inventory	$80M
Other Current Assets	$26M
TOTAL CURRENT ASSETS	$363M
PP&E (Net)	$5.5B
Goodwill	$5M
Intangible Assets	$0
Long-Term Investments	$145M
Tax Assets	$272M
Other Non-Current Assets	$167M
TOTAL NON-CURRENT ASSETS	$6.1B
TOTAL ASSETS	$6.5B
Account Payables	$132M
Short-Term Debt	$55M
Deferred Revenue	$0
Other Current Liabilities	$185M
TOTAL CURRENT LIABILITIES	$422M
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$653M
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$3.9B
TOTAL LIABILITIES	$4.3B
Common Stock	$86M
Additional Paid-In Capital	$832M
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$52M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$6.5B
Total Debt	$2.2B
Net Debt	$2.2B