VET FY 2021 Earnings Report — Vermilion Energy Inc. Revenue & Financial Results | Market Cap Arena

Vermilion Energy Inc.VET

FY 2021 Earnings

Reported March 7, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.6B	—	$912M	—	78.5%
Op. Income	$507M	—	$0	—	—
Gross Margin	59.4%	—	34.7%	—	24.7pp
Net Margin	51.6%	—	-121.6%	—	173.2pp
EPS (Diluted)	$5.09	—	$-7.02	—	172.5%
Free Cash Flow	$336M	—	$97M	—	245.7%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$661M
GROSS PROFIT	$966M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$125M
SG&A Expenses	$125M
Other Expenses	$334M
Operating Expenses	$459M
Cost & Expenses	$1.1B
OPERATING INCOME	$507M
Interest Income	$0
Interest Expense	$53M
Other Income/Expenses	$503M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$170M
Net Income from Continuing Ops	$839M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$839M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$839M
D&A	$418M
EBIT	$1.1B
EBITDA	$1.5B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$661M
GROSS PROFIT	$966M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$125M
SG&A Expenses	$125M
Other Expenses	$334M
Operating Expenses	$459M
Cost & Expenses	$1.1B
OPERATING INCOME	$507M
Interest Income	$0
Interest Expense	$53M
Other Income/Expenses	$503M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$170M
Net Income from Continuing Ops	$839M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$839M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$839M
D&A	$418M
EBIT	$1.1B
EBITDA	$1.5B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$839M
Depreciation & Amortization	-$354M
Stock-Based Compensation	$30M
Deferred Income Tax	$137M
Other Non-Cash Items	-$1M
Change in Working Capital	-$42M
OPERATING CASH FLOW	$610M
Capital Expenditure	-$274M
Acquisitions (Net)	-$96M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$27M
NET CASH FROM INVESTING	-$343M
Net Debt Issuance	-$266M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$266M
FREE CASH FLOW	$336M
Net Change in Cash	-$640.2K

Balance Sheet

Item	Amount
Cash & Equivalents	$4M
Short-Term Investments	$0
Net Receivables	$240M
Inventory	$15M
Other Current Assets	$14M
TOTAL CURRENT ASSETS	$346M
PP&E (Net)	$3.7B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$274M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$4.3B
Account Payables	$322M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$197M
TOTAL CURRENT LIABILITIES	$546M
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$240M
Other Non-Current Liabilities	$769M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$2.8B
Common Stock	$3.1B
Additional Paid-In Capital	$36M
Retained Earnings	-$1.6B
Treasury Stock	$0
Accum. Other Comp. Income	$21M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$1.3B
Net Debt	$1.2B