VET FY 2013 Earnings Report — Vermilion Energy Inc. Revenue & Financial Results | Market Cap Arena

Vermilion Energy Inc.VET

FY 2013 Earnings

Reported December 30, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$932M	—	$792M	—	17.6%
Op. Income	$401M	—	$306M	—	31.1%
Gross Margin	69.4%	—	67.9%	—	1.5pp
Net Margin	25.7%	—	17.6%	—	8.1pp
EPS (Diluted)	$2.34	—	$1.40	—	66.7%
Free Cash Flow	$106M	—	-$45M	—	332.5%

Revenue Flow

Item	Amount
REVENUE	$932M
Cost of Revenue	$285M
GROSS PROFIT	$646M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$102M
SG&A Expenses	$102M
Other Expenses	-$334.3K
Operating Expenses	$263M
Cost & Expenses	$548M
OPERATING INCOME	$401M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$212M
INCOME BEFORE TAX	$425M
Income Tax Expense	$185M
Net Income from Continuing Ops	$240M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$240M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$240M
D&A	$236M
EBIT	$453M
EBITDA	$689M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$932M
Cost of Revenue	$285M
GROSS PROFIT	$646M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$102M
SG&A Expenses	$102M
Other Expenses	-$334.3K
Operating Expenses	$263M
Cost & Expenses	$548M
OPERATING INCOME	$401M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$212M
INCOME BEFORE TAX	$425M
Income Tax Expense	$185M
Net Income from Continuing Ops	$240M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$240M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$240M
D&A	$236M
EBIT	$453M
EBITDA	$689M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$240M
Depreciation & Amortization	$236M
Stock-Based Compensation	$45M
Deferred Income Tax	$26M
Other Non-Cash Items	-$66M
Change in Working Capital	$36M
OPERATING CASH FLOW	$516M
Capital Expenditure	-$410M
Acquisitions (Net)	-$11M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$30M
NET CASH FROM INVESTING	-$452M
Net Debt Issuance	$254M
Common Stock Repurchased	$0
Common Dividends Paid	-$123M
Other Financing Activities	$0
NET CASH FROM FINANCING	$131M
FREE CASH FLOW	$106M
Net Change in Cash	$210M

Balance Sheet

Item	Amount
Cash & Equivalents	$285M
Short-Term Investments	$0
Net Receivables	$123M
Inventory	$13M
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$430M
PP&E (Net)	$2.1B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$135M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$2.7B
Account Payables	$196M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$58M
TOTAL CURRENT LIABILITIES	$254M
Long-Term Debt	$724M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$240M
Other Non-Current Liabilities	$479M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.5B
Common Stock	$1.2B
Additional Paid-In Capital	$55M
Retained Earnings	-$18M
Treasury Stock	$0
Accum. Other Comp. Income	$34M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$724M
Net Debt	$439M