VET FY 2022 Earnings Report — Vermilion Energy Inc. Revenue & Financial Results | Market Cap Arena

Vermilion Energy Inc.VET

FY 2022 Earnings

Reported March 8, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$2.7B	—	$1.6B	—	67.1%
Op. Income	$1.4B	—	$507M	—	168.8%
Gross Margin	69.7%	—	59.4%	—	10.3pp
Net Margin	35.3%	—	51.6%	—	-16.3pp
EPS (Diluted)	$5.70	—	$5.09	—	11.9%
Free Cash Flow	$923M	—	$336M	—	174.6%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$824M
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$75M
SG&A Expenses	$75M
Other Expenses	$458M
Operating Expenses	$532M
Cost & Expenses	$1.4B
OPERATING INCOME	$1.4B
Interest Income	$0
Interest Expense	$61M
Other Income/Expenses	$136M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$539M
Net Income from Continuing Ops	$960M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$960M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$960M
D&A	$422M
EBIT	$1.6B
EBITDA	$2.0B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$824M
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$75M
SG&A Expenses	$75M
Other Expenses	$458M
Operating Expenses	$532M
Cost & Expenses	$1.4B
OPERATING INCOME	$1.4B
Interest Income	$0
Interest Expense	$61M
Other Income/Expenses	$136M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$539M
Net Income from Continuing Ops	$960M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$960M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$960M
D&A	$422M
EBIT	$1.6B
EBITDA	$2.0B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$960M
Depreciation & Amortization	$422M
Stock-Based Compensation	$32M
Deferred Income Tax	$211M
Other Non-Cash Items	-$457M
Change in Working Capital	$158M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$403M
Acquisitions (Net)	-$373M
Purchases of Investments	-$17M
Sales/Maturities of Investments	$0
Other Investing Activities	$19M
NET CASH FROM INVESTING	-$774M
Net Debt Issuance	-$471M
Common Stock Repurchased	-$52M
Common Dividends Paid	-$24M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$547M
FREE CASH FLOW	$923M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$10M
Short-Term Investments	$0
Net Receivables	$273M
Inventory	$14M
Other Current Assets	$119M
TOTAL CURRENT ASSETS	$522M
PP&E (Net)	$4.4B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$41M
Tax Assets	$92M
Other Non-Current Assets	$97M
TOTAL NON-CURRENT ASSETS	$4.6B
TOTAL ASSETS	$5.1B
Account Payables	$352M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$41M
TOTAL CURRENT LIABILITIES	$652M
Long-Term Debt	$790M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$349M
Other Non-Current Liabilities	$795M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$2.6B
Common Stock	$3.1B
Additional Paid-In Capital	$26M
Retained Earnings	-$732M
Treasury Stock	$0
Accum. Other Comp. Income	$90M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$828M
Net Debt	$818M