VNOM FY 2017 Earnings Report — Viper Energy, Inc. Revenue & Financial Results | Market Cap Arena

Viper Energy, Inc.VNOM

FY 2017 Earnings

Reported February 7, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$172M	—	$79M	—	117.4%
Op. Income	$114M	—	-$9M	—	1322.4%
Gross Margin	70.3%	—	55.3%	—	15.0pp
Net Margin	64.8%	—	-13.8%	—	78.6pp
EPS (Diluted)	$1.07	—	$-0.13	—	923.1%
Free Cash Flow	-$205M	—	-$137M	—	-49.4%

Revenue Flow

Item	Amount
REVENUE	$172M
Cost of Revenue	$51M
GROSS PROFIT	$121M
R&D Expenses	$0
Selling & Marketing	$789.0K
General & Administrative	$6M
SG&A Expenses	$7M
Other Expenses	$0
Operating Expenses	$7M
Cost & Expenses	$58M
OPERATING INCOME	$114M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$111M
Income Tax Expense	$0
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$41M
EBIT	$114M
EBITDA	$154M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$172M
Cost of Revenue	$51M
GROSS PROFIT	$121M
R&D Expenses	$0
Selling & Marketing	$789.0K
General & Administrative	$6M
SG&A Expenses	$7M
Other Expenses	$0
Operating Expenses	$7M
Cost & Expenses	$58M
OPERATING INCOME	$114M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$111M
Income Tax Expense	$0
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$41M
EBIT	$114M
EBITDA	$154M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$111M
Depreciation & Amortization	$589.0K
Stock-Based Compensation	$2M
Deferred Income Tax	$40M
Other Non-Cash Items	$589.0K
Change in Working Capital	-$16M
OPERATING CASH FLOW	$139M
Capital Expenditure	-$344M
Acquisitions (Net)	-$344M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$344M
NET CASH FROM INVESTING	-$344M
Net Debt Issuance	-$27M
Common Stock Repurchased	$0
Common Dividends Paid	-$131M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	$220M
FREE CASH FLOW	-$205M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$24M
Short-Term Investments	$0
Net Receivables	$31M
Inventory	$0
Other Current Assets	$355.0K
TOTAL CURRENT ASSETS	$55M
PP&E (Net)	$914M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$6M
Tax Assets	$0
Other Non-Current Assets	$37M
TOTAL NON-CURRENT ASSETS	$958M
TOTAL ASSETS	$1.0B
Account Payables	$3M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$6M
Long-Term Debt	$94M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$94M
TOTAL LIABILITIES	$99M
Common Stock	$914M
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$914M
Minority Interest	$0
TOTAL EQUITY	$914M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$94M
Net Debt	$69M