Cash flow Hess Corporation

Equities

HES

US42809H1077

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 16:00:02 2024-09-10 EDT			5-day change	1st Jan Change
126.53 ^USD	-1.82%		-5.76%	-12.23%

09-10	Piper Sandler Adjusts Price Target on Hess to $167 From $173	MT
09-10	Hess Midstream Subsidiary to Repurchase $100 Million Sponsor Units	MT

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Published financial data: HESS CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	6.31B	4.54B	7.3B	11.07B	10.3B
Total Revenues	6.31B	4.54B	7.3B	11.07B	10.3B
Cost of Goods Sold, Total	1.74B	883M	2.03B	3.33B	2.73B
Gross Profit	4.58B	3.66B	5.27B	7.74B	7.56B
Selling General & Admin Expenses, Total	1.63B	1.55B	1.57B	1.98B	2.3B
Exploration / Drilling Costs, Total	216M	175M	142M	188M	232M
Depreciation & Amortization - (IS)	2.12B	2.07B	1.53B	1.7B	2.05B
Impairment of Oil, Gas & Mineral Properties - (IS)	17M	176M	20M	20M	85M
Other Operating Expenses	10M	-56M	68M	-61M	-39M
Other Operating Expenses, Total	4B	3.92B	3.33B	3.83B	4.63B
Operating Income	576M	-259M	1.94B	3.91B	2.94B
Interest Expense, Total	-380M	-468M	-481M	-493M	-478M
Interest And Investment Income	-	-	-	32M	82M
Net Interest Expenses	-380M	-468M	-481M	-461M	-396M
Currency Exchange Gains (Loss)	3M	-6M	2M	-2M	6M
Other Non Operating Income (Expenses)	-	-	-	-	5M
EBT, Excl. Unusual Items	199M	-733M	1.46B	3.44B	2.55B
Restructuring Charges	-	-25M	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	22M	87M	29M	101M	2M
Asset Writedown	-	-2.18B	-	-	-82M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	221M	-2.85B	1.49B	3.55B	2.47B
Income Tax Expense	461M	-11M	600M	1.1B	733M
Earnings From Continuing Operations	-240M	-2.84B	890M	2.45B	1.74B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-240M	-2.84B	890M	2.45B	1.74B
Minority Interest	-168M	-254M	-331M	-351M	-356M
Net Income - (IS)	-408M	-3.09B	559M	2.1B	1.38B
Preferred Dividend and Other Adjustments	4M	-	-	-	-
Net Income to Common Incl Extra Items	-412M	-3.09B	559M	2.1B	1.38B
Net Income to Common Excl. Extra Items	-412M	-3.09B	559M	2.1B	1.38B
Per Share Items
Net EPS - Basic	-1.37	-10.15	1.82	6.8	4.52
Basic EPS - Continuing Operations	-1.37	-10.15	1.82	6.8	4.52
Basic Weighted Average Shares Outstanding	301M	305M	307M	308M	306M
Net EPS - Diluted	-1.37	-10.15	1.81	6.77	4.49
Diluted EPS - Continuing Operations	-1.37	-10.15	1.81	6.77	4.49
Diluted Weighted Average Shares Outstanding	301M	305M	309M	310M	308M
Normalized Basic EPS	-0.14	-2.34	1.89	5.85	4.05
Normalized Diluted EPS	-0.14	-2.34	1.88	5.82	4.03
Dividend Per Share	1	1	1	1.5	1.75
Payout Ratio	-77.45	-9.99	55.64	22.19	39
Supplemental Items
EBITDA	2.72B	1.99B	3.49B	5.63B	5.07B
EBITA	576M	-259M	1.94B	3.91B	2.94B
EBIT	576M	-259M	1.94B	3.91B	2.94B
EBITDAR	3.37B	2.41B	3.72B	6.07B	5.65B
Total Revenues (As Reported)	6.51B	4.8B	7.58B	11.57B	10.64B
Effective Tax Rate - (Ratio)	208.6	0.39	40.27	30.99	29.66
Current Domestic Taxes	-	-	3M	5M	7M
Current Foreign Taxes	-	-	478M	789M	537M
Total Current Taxes	-	-	481M	794M	544M
Deferred Domestic Taxes	-	-	12M	22M	31M
Deferred Foreign Taxes	-	-	107M	283M	158M
Total Deferred Taxes	-	-	119M	305M	189M
Normalized Net Income	-43.62M	-712M	582M	1.8B	1.24B
Interest Capitalized	38M	-	-	-	-
Interest on Long-Term Debt	418M	468M	481M	503M	526M
Non-Cash Pension Expense	54M	-59M	-75M	-114M	-39M
Supplemental Operating Expense Items
General and Administrative Expenses	397M	352M	340M	531M	527M
Exploration/Drilling Costs	167M	108M	131M	132M	143M
Net Rental Expense, Total	655M	422M	229M	440M	583M
Imputed Operating Lease Interest Expense	300M	186M	96.75M	190M	238M
Imputed Operating Lease Depreciation	355M	236M	132M	250M	345M
Stock-Based Comp., Other (Total)	85M	79M	77M	83M	87M
Total Stock-Based Compensation	85M	79M	77M	83M	87M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.54B	1.74B	2.71B	2.49B	1.69B
Total Cash And Short Term Investments	1.54B	1.74B	2.71B	2.49B	1.69B
Accounts Receivable, Total	940M	710M	1.06B	1.04B	1.18B
Other Receivables	230M	150M	149M	121M	150M
Total Receivables	1.17B	860M	1.21B	1.16B	1.33B
Inventory	261M	378M	223M	217M	304M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	180M	104M	199M	66M	108M
Total Current Assets	3.16B	3.08B	4.35B	3.93B	3.43B
Gross Property Plant And Equipment	36.65B	31.16B	31.74B	33.37B	37.7B
Accumulated Depreciation	-19.09B	-16.45B	-17.06B	-17.58B	-19.44B
Net Property Plant And Equipment	17.56B	14.71B	14.68B	15.79B	18.26B
Long-term Investments	1M	5M	2M	-	-
Goodwill	360M	360M	360M	360M	360M
Deferred Tax Assets Long-Term	80M	59M	71M	133M	320M
Other Long-Term Assets, Total	625M	607M	1.06B	1.48B	1.64B
Total Assets	21.78B	18.82B	20.52B	21.7B	24.01B
Liabilities
Accounts Payable, Total	411M	200M	220M	285M	402M
Accrued Expenses, Total	1.8B	759M	1.04B	1.15B	1.27B
Current Portion of Long-Term Debt	-	10M	517M	3M	311M
Current Portion of Leases	199M	81M	89M	221M	370M
Current Income Taxes Payable	97M	81M	528M	47M	85M
Other Current Liabilities	-	492M	665M	688M	830M
Total Current Liabilities	2.51B	1.62B	3.06B	2.4B	3.27B
Long-Term Debt	7.14B	8.29B	7.94B	8.28B	8.3B
Long-Term Leases	591M	698M	594M	648M	615M
Deferred Tax Liability Non Current	415M	342M	383M	418M	608M
Other Non Current Liabilities	1.42B	1.54B	1.51B	1.46B	1.61B
Total Liabilities	12.08B	12.49B	13.49B	13.2B	14.4B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	305M	307M	310M	306M	307M
Additional Paid In Capital	5.59B	5.68B	6.02B	6.21B	6.5B
Retained Earnings	3.54B	130M	379M	1.47B	2.32B
Comprehensive Income and Other	-699M	-755M	-406M	-131M	-134M
Total Common Equity	8.73B	5.37B	6.3B	7.86B	8.99B
Minority Interest	974M	969M	726M	641M	616M
Total Equity	9.71B	6.34B	7.03B	8.5B	9.6B
Total Liabilities And Equity	21.78B	18.82B	20.52B	21.7B	24.01B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	303M	305M	308M	305M	306M
ECS Total Common Shares Outstanding	303M	305M	308M	305M	306M
Book Value / Share	28.82	17.59	20.45	25.77	29.35
Tangible Book Value	8.37B	5.01B	5.94B	7.5B	8.63B
Tangible Book Value Per Share	27.64	16.41	19.28	24.58	28.18
Total Debt	7.93B	9.08B	9.14B	9.15B	9.6B
Net Debt	6.39B	7.34B	6.43B	6.66B	7.91B
Debt Equivalent of Unfunded Proj. Benefit Obligation	177M	311M	-161M	-436M	-463M
Debt Equivalent Oper. Leases	5.24B	3.38B	1.83B	3.52B	4.66B
Minority Interest, Total (Incl. Fin. Div)	974M	969M	726M	641M	616M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	169M	152M	171M	154M	232M
Inventories - Finished Goods, Total	92M	226M	52M	63M	72M
Full Time Employees	1.78K	1.62K	1.54K	1.62K	1.76K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-408M	-3.09B	559M	2.1B	1.38B
Depreciation & Amortization - CF	2.12B	2.07B	1.53B	1.7B	2.05B
Impairment of Oil, Gas & Mineral Properties - (CF)	17M	176M	20M	20M	85M
Depreciation & Amortization, Total	2.14B	2.25B	1.55B	1.72B	2.13B
(Gain) Loss From Sale Of Asset	-22M	-87M	-29M	-101M	-2M
Asset Writedown & Restructuring Costs	-	2.13B	147M	54M	82M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	85M	79M	77M	83M	87M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	443M	528M	689M	1.27B	814M
Change In Accounts Receivable	-383M	267M	-748M	-301M	-324M
Change In Inventories	-16M	-117M	135M	2M	-87M
Change In Accounts Payable	4M	-533M	241M	50M	253M
Change In Income Taxes	16M	-16M	447M	-465M	38M
Change in Other Net Operating Assets	-216M	-71M	-176M	-463M	-432M
Cash from Operations	1.64B	1.33B	2.89B	3.94B	3.94B
Capital Expenditure	-2.83B	-2.2B	-1.75B	-2.72B	-4.11B
Sale of Property, Plant, and Equipment	22M	493M	427M	178M	3M
Investment in Marketable and Equity Securities, Total	-33M	-	-	-	-
Other Investing Activities, Total	-3M	-3M	-5M	-8M	-8M
Cash from Investing	-2.84B	-1.71B	-1.32B	-2.56B	-4.11B
Short Term Debt Issued, Total	32M	152M	-	-	322M
Long-Term Debt Issued, Total	760M	1B	750M	420M	-
Total Debt Issued	792M	1.15B	750M	420M	322M
Short Term Debt Repaid, Total	-	-	-80M	-86M	-
Long-Term Debt Repaid, Total	-57M	-7M	-520M	-519M	-13M
Total Debt Repaid	-57M	-7M	-600M	-605M	-13M
Issuance of Common Stock	-	-	255M	198M	177M
Repurchase of Common Stock	-25M	-	-	-630M	-20M
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-	-309M	-311M	-465M	-539M
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-316M	-	-	-	-
Common & Preferred Stock Dividends Paid	-316M	-309M	-311M	-465M	-539M
Other Financing Activities, Total	-342M	-268M	-685M	-534M	-554M
Cash from Financing	52M	568M	-591M	-1.62B	-627M
Net Change in Cash	-1.15B	194M	974M	-227M	-798M
Supplemental Items
Cash Interest Paid	380M	460M	459M	486M	470M
Cash Income Tax Paid (Refund)	417M	64M	16M	1.04B	71M
Levered Free Cash Flow	-154M	-832M	1.42B	1.12B	-234M
Unlevered Free Cash Flow	84M	-540M	1.73B	1.43B	65M
Change In Net Working Capital	-329M	510M	-635M	98M	-120M
Net Debt Issued / Repaid	735M	1.14B	150M	-185M	309M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.67	-0.8	6.16	11.57	8.03
Return on Total Capital	2.05	-0.98	7.68	14.45	9.96
Return On Equity %	-2.33	-35.4	13.32	31.53	19.21
Return on Common Equity	-4.49	-43.88	9.58	29.61	16.41
Margin Analysis
Gross Profit Margin %	72.49	80.56	72.14	69.93	73.46
SG&A Margin	25.89	34.12	21.49	17.91	22.37
EBITDA Margin %	43.02	43.83	47.77	50.87	49.22
EBITA Margin %	9.13	-5.7	26.57	35.31	28.52
EBIT Margin %	9.13	-5.7	26.57	35.31	28.52
Income From Continuing Operations Margin %	-3.8	-62.49	12.19	22.11	16.88
Net Income Margin %	-6.46	-68.08	7.66	18.94	13.42
Net Avail. For Common Margin %	-6.53	-68.08	7.66	18.94	13.42
Normalized Net Income Margin	-0.69	-15.68	7.97	16.28	12.03
Levered Free Cash Flow Margin	-2.43	-18.32	19.52	10.09	-2.27
Unlevered Free Cash Flow Margin	1.33	-11.88	23.63	12.88	0.63
Asset Turnover
Asset Turnover	0.29	0.22	0.37	0.52	0.45
Fixed Assets Turnover	0.38	0.28	0.5	0.73	0.6
Receivables Turnover (Average Receivables)	7.38	5.51	8.24	10.53	9.27
Inventory Turnover (Average Inventory)	6.86	2.76	6.77	15.13	10.49
Short Term Liquidity
Current Ratio