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Exxon Mobil Corporation (NYSE:XOM) > Financials > Income Statement

In Millions of the reported currency, except per share items.

Template:
Period Type:
Currency:
Units:

Standard
Annual
Reported Currency
S&P Capital IQ (Defau

Income Statement
Restated
12 months
Dec-31-1997
USD

Restated
12 months
Dec-31-1998
USD

Reclassified
12 months
Dec-31-1999
USD

Revenue
Other Revenue
Total Revenue

176,552.0
176,552.0

144,701.0
144,701.0

160,883.0
160,883.0

Cost Of Goods Sold


Gross Profit

102,916.0
73,636.0

79,811.0
64,890.0

93,817.0
67,066.0

13,574.0
1,252.0
8,228.0
33,867.0

12,925.0
1,506.0
8,355.0
33,203.0

12,918.0
1,246.0
8,093.0
34,765.0

Other Operating Exp., Total

56,921.0

55,989.0

57,022.0

Operating Income

16,715.0

8,901.0

10,044.0

For the Fiscal Period Ending


Currency

Selling General & Admin Exp.


Exploration/Drilling Costs
R & D Exp.
Depreciation & Amort.
Other Operating Expense/(Income)

Interest Expense
Interest and Invest. Income
Net Interest Exp.

(863.0)

(568.0)
-

(695.0)
-

(863.0)

(568.0)

(695.0)

Income/(Loss) from Affiliates


Currency Exchange Gains (Loss)
Other Non-Operating Inc. (Exp.)
EBT Excl. Unusual Items

4,011.0
19,863.0

4,015.0
12,348.0

2,998.0
12,347.0

Restructuring Charges
Merger & Related Restruct. Charges
Impairment of Goodwill
Gain (Loss) On Sale Of Invest.
Gain (Loss) On Sale Of Assets
Other Unusual Items
EBT Incl. Unusual Items

19,863.0

12,348.0

(427.0)
(625.0)
11,295.0

Income Tax Expense


Earnings from Cont. Ops.

7,605.0
12,258.0

3,939.0
8,409.0

3,240.0
8,055.0

Earnings of Discontinued Ops.


Extraord. Item & Account. Change
Net Income to Company

12,258.0

(70.0)
8,339.0

8,055.0

Minority Int. in Earnings


Net Income

(526.0)
11,732.0

(265.0)
8,074.0

(145.0)
7,910.0

Dec-31-1997
USD

Restated
Dec-31-1998
USD

Dec-31-1999
USD

Balance Sheet
Balance Sheet as of:
Currency

ASSETS
Cash And Equivalents
Short Term Investments
Total Cash & ST Investments

4,047
15.0
4,062

2,386
50.0
2,436

1,688
73.0
1,761

Accounts Receivable
Other Receivables
Total Receivables

7,989.0
2,713.0
10,702.0

10,862.0
4,967.0
15,829.0

14,605.0
4,550.0
19,155.0

Inventory
Prepaid Exp.
Deferred Tax Assets, Curr.
Restricted Cash
Other Current Assets
Total Current Assets

5,487.0
941.0
21,192.0

8,692.0
1,637.0
28,594.0

8,492.0
1,733.0
31,141.0

127,778.0
(61,364.0)
66,414.0

182,467.0
(89,884.0)
92,583.0

189,212.0
(95,169.0)
94,043.0

Long-term Investments
Deferred Tax Assets, LT
Other Long-Term Assets
Total Assets

3,755.0
4,703.0
96,064.0

11,612.0
6,546.0
139,335.0

12,289.0
7,048.0
144,521.0

LIABILITIES
Accounts Payable
Accrued Exp.
Short-term Borrowings
Curr. Port. of LT Debt
Curr. Income Taxes Payable
Other Current Liabilities
Total Current Liabilities

11,400.0
3,283.0
2,132.0
770.0
2,069.0
19,654.0

17,615.0
5,539.0
6,960.0
1,524.0
2,143.0
33,781.0

19,487.0
6,005.0
10,163.0
407.0
2,671.0
38,733.0

Gross Property, Plant & Equipment


Accumulated Depreciation
Net Property, Plant & Equipment

Long-Term Debt
Capital Leases
Pension & Other Post-Retire. Benefits
Def. Tax Liability, Non-Curr.
Other Non-Current Liabilities
Total Liabilities

7,050.0
-

8,532.0
-

8,402.0
-

13,452.0
9,877.0
50,033.0

16,749.0
14,526.0
73,588.0

16,251.0
13,981.0
77,367.0

190.0
190.0

746.0
746.0

2,323.0
52,214.0
(9,723.0)
(1,344.0)
43,470.0

4,870.0
75,109.0
(15,831.0)
(2,774.0)
61,374.0

3,403.0
75,055.0
(12,126.0)
(2,866.0)
63,466.0

2,371.0

3,627.0

3,688.0

Total Equity

46,031.0

65,747.0

67,154.0

Total Liabilities And Equity

96,064.0

139,335.0

144,521.0

Restated
12 months
Dec-31-1997
USD

Restated
12 months
Dec-31-1998
USD

12 months
Dec-31-1999
USD

11,732.0
8,228.0

8,074.0
8,355.0

7,910.0
8,304.0

Pref. Stock, Convertible


Total Pref. Equity
Common Stock
Additional Paid In Capital
Retained Earnings
Treasury Stock
Comprehensive Inc. and Other
Total Common Equity
Minority Interest

Cash Flow
For the Fiscal Period Ending
Currency
Net Income
Depreciation & Amort.

Depreciation & Amort., Total


Minority Int. in Earnings
(Gain) Loss From Sale Of Assets
(Gain) Loss On Sale Of Invest.
(Income) Loss on Equity Invest.
Other Operating Activities
Change in Acc. Receivable
Change In Inventories
Change in Acc. Payable
Change in Inc. Taxes
Change in Other Net Operating Assets
Cash from Ops.
Capital Expenditure
Sale of Property, Plant, and Equipment
Cash Acquisitions
Divestitures
Invest. in Marketable & Equity Securt.
Net (Inc.) Dec. in Loans Originated/Sold
Other Investing Activities
Cash from Investing

8,228.0

8,355.0

8,304.0

526.0
73.0
1,427.0
2,078.0
292.0
(2,884.0)
(30.0)
21,442.0

265.0
328.0
(192.0)
2,170.0
438.0
(3,010.0)
8.0
16,436.0

145.0
146.0
(1,287.0)
(3,478.0)
50.0
3,046.0
177.0
15,013.0

(11,652.0)

(12,730.0)

(10,849.0)

2,193.0
(1,376.0)
(10,835.0)

1,884.0
(1,472.0)
336.0
(11,982.0)

972.0
(1,495.0)
387.0
(10,985.0)

Short Term Debt Issued


Long-Term Debt Issued
Total Debt Issued
Short Term Debt Repaid
Long-Term Debt Repaid
Total Debt Repaid

1,400.0
1,089.0
2,489.0
(2,591.0)
(806.0)
(3,397.0)

3,314.0
1,384.0
4,698.0
(2,175.0)
(305.0)
(2,480.0)

4,080.0
454.0
4,534.0
(2,359.0)
(341.0)
(2,700.0)

Issuance of Common Stock


Repurchase of Common Stock

424.0
(3,122.0)

507.0
(3,547.0)

348.0
(670.0)

Common Dividends Paid


Common and/or Pref. Dividends Paid
Total Dividends Paid

(5,757.0)
(5,757.0)

Special Dividend Paid


Other Financing Activities
Cash from Financing

(216.0)
(9,579.0)

(471.0)
(7,136.0)

(419.0)
(4,779.0)

(127.0)
901.0

23.0
(2,659.0)

53.0
(698.0)

1,149.0
6,762.0
6,051.5
6,590.9
432.0
(908.0)
Mar-23-2000
RS
REP

1,066.0
4,629.0
350.1
705.1
483.0
2,218.0
Mar-28-2001
RS
REP

882.0
3,805.0
2,942.1
3,376.5
356.0
1,834.0
Mar-27-2002
NC
REP

176,552
-102,916
-56,921
-514
8,228
-6,762
-11,652
6,015

144,701
-79,811
-55,989
-402
8,355
-4,629
-12,730
-505

160,883
-93,817
-57,022
-382
8,093
-3,805
-10,849
3,101

Foreign Exchange Rate Adj.


Net Change in Cash
Supplemental Items
Cash Interest Paid
Cash Taxes Paid
Levered Free Cash Flow
Unlevered Free Cash Flow
Change in Net Working Capital
Net Debt Issued
Filing Date
Restatement Type
Calculation Type
Direct Method (1)
Sales
COGS
Operating Expenses
Changes in NWC
Depreciation
Cash Operating Taxes
CAPEX
FCF
Direct Method (2)

(5,843.0)
(5,843.0)

(5,872.0)
(5,872.0)

EBITDA * (1-T)
T * Depreciation
Changes in NWC
CAPEX
FCF

15,393
3,150
-514
-11,652
6,377

11,751
2,665
-402
-12,730
1,285

12,934
2,321
-382
-10,849
4,025

Indirect Method
CFO
CAPEX
FCF

21,442
-10,835
10,607

16,436
-11,982
4,454

15,013
-10,985
4,028

8,879

9,390

6,542

Cash Returned to Shareholders

Restatement:
Order:
Conversion:
Decimals:

Latest Filings
Latest on Right
Historical
Capital IQ (Default)

Reclassified
12 months
Dec-31-2000
USD

Reclassified
12 months
Dec-31-2001
USD

Reclassified
12 months
Dec-31-2002
USD

Reclassified
12 months
Dec-31-2003
USD

Reclassified
12 months
Dec-31-2004
USD

Reclassified
12 months
Dec-31-2005
USD

205,240.0
205,240.0

186,808.0
1,896.0
188,704.0

178,909.0
1,491.0
180,400.0

213,199.0
2,850.0
216,049.0

263,989.0
1,554.0
265,543.0

328,213.0
2,162.0
330,375.0

126,513.0
78,727.0

108,297.0
80,407.0

107,193.0
73,207.0

127,130.0
88,919.0

160,516.0
105,027.0

209,781.0
120,594.0

12,044.0
936.0
8,001.0
32,708.0

12,325.0
1,175.0
7,848.0
35,653.0

11,770.0
920.0
8,310.0
35,746.0

12,722.0
1,010.0
9,047.0
40,107.0

13,131.0
1,098.0
9,767.0
43,605.0

13,642.0
964.0
10,253.0
44,571.0

53,689.0

57,001.0

56,746.0

62,886.0

67,601.0

69,430.0

25,038.0

23,406.0

16,461.0

26,033.0

37,426.0

51,164.0

(589.0)

(293.0)
-

(398.0)
-

(207.0)
-

(638.0)
-

(496.0)
-

(589.0)

(293.0)

(398.0)

(207.0)

(638.0)

(496.0)

4,250.0
28,699.0

2,174.0
25,287.0

2,066.0
18,129.0

4,373.0
30,199.0

4,961.0
41,749.0

7,583.0
58,251.0

268.0
42,017.0

1,980.0
60,231.0

(748.0)

(410.0)

27,293.0

24,539.0

17,719.0

2,240.0
221.0
32,660.0

11,075.0
16,218.0

8,967.0
15,572.0

6,499.0
11,220.0

11,006.0
21,654.0

15,911.0
26,106.0

23,302.0
36,929.0

184.0
1,730.0
18,132.0

102.0
215.0
15,889.0

449.0
11,669.0

550.0
22,204.0

26,106.0

36,929.0

(412.0)
17,720.0

(569.0)
15,320.0

(209.0)
11,460.0

(694.0)
21,510.0

(776.0)
25,330.0

(799.0)
36,130.0

Dec-31-2000
USD

Dec-31-2001
USD

Dec-31-2002
USD

Dec-31-2003
USD

Dec-31-2004
USD

Dec-31-2005
USD

(1,406.0)

7,080
7,080

6,547
6,547

7,229
7,229

10,626
10,626

18,531
18,531

28,671
28,671

17,568.0
5,428.0
22,996.0

13,597.0
5,952.0
19,549.0

15,317.0
5,846.0
21,163.0

16,766.0
7,543.0
24,309.0

20,712.0
4,647.0
25,359.0

23,858.0
3,626.0
27,484.0

8,304.0
2,019.0
40,399.0

7,904.0
1,681.0
35,681.0

8,068.0
1,831.0
38,291.0

8,957.0
2,068.0
45,960.0

9,487.0
1,175.0
1,221.0
4,604.0
60,377.0

9,321.0
3,262.0
4,604.0
73,342.0

187,746.0
(97,917.0)
89,829.0

190,503.0
(100,901.0)
89,602.0

204,960.0
(110,020.0)
94,940.0

229,315.0
(124,350.0)
104,965.0

242,422.0
(133,783.0)
108,639.0

240,294.0
(133,284.0)
107,010.0

10,604.0
8,168.0
149,000.0

9,455.0
8,436.0
143,174.0

10,947.0
8,466.0
152,644.0

14,431.0
8,922.0
174,278.0

17,472.0
1,406.0
7,362.0
195,256.0

19,428.0
8,555.0
208,335.0

21,332.0
5,423.0
5,511.0
650.0
5,275.0
38,191.0

18,094.0
4,768.0
3,364.0
339.0
3,549.0
30,114.0

20,558.0
4,628.0
3,209.0
884.0
3,896.0
33,175.0

23,071.0
5,374.0
2,886.0
1,903.0
5,152.0
38,386.0

23,837.0
6,055.0
2,672.0
608.0
7,938.0
1,871.0
42,981.0

30,513.0
5,607.0
1,256.0
515.0
8,416.0
46,307.0

7,280.0
-

7,099.0
-

6,655.0
-

4,756.0
-

4,659.0
354.0

16,442.0
13,100.0
75,013.0

16,359.0
13,616.0
67,188.0

16,484.0
18,965.0
75,279.0

20,118.0
17,721.0
80,981.0

21,092.0
20,462.0
89,548.0

6,220.0
10,220.0
20,878.0
9,997.0
93,622.0

3,661.0
86,652.0
(14,132.0)
(5,424.0)
70,757.0

3,789.0
95,718.0
(19,597.0)
(6,749.0)
73,161.0

4,217.0
100,961.0
(24,077.0)
(6,504.0)
74,597.0

4,468.0
115,956.0
(29,361.0)
(1,148.0)
89,915.0

5,067.0
134,390.0
(38,214.0)
513.0
101,756.0

4,477.0
163,335.0
(55,347.0)
(1,279.0)
111,186.0

3,230.0

2,825.0

2,768.0

3,382.0

3,952.0

3,527.0

73,987.0

75,986.0

77,365.0

93,297.0

105,708.0

114,713.0

149,000.0

143,174.0

152,644.0

174,278.0

195,256.0

208,335.0

12 months
Dec-31-2000
USD

12 months
Dec-31-2001
USD

12 months
Dec-31-2002
USD

12 months
Dec-31-2003
USD

12 months
Dec-31-2004
USD

12 months
Dec-31-2005
USD

17,720.0
8,001.0

15,320.0
7,848.0

11,460.0
8,310.0

21,510.0
9,047.0

25,330.0
9,767.0

36,130.0
10,253.0

8,001.0

7,848.0

8,310.0

9,047.0

9,767.0

10,253.0

412.0
(387.0)
(2,887.0)
(4,832.0)
(297.0)
5,411.0
(204.0)
22,937.0

569.0
78.0
843.0
3,062.0
154.0
(5,103.0)
118.0
22,889.0

209.0
1,466.0
(170.0)
(452.0)
(305.0)
353.0
365.0
32.0
21,268.0

694.0
(2,461.0)
(402.0)
324.0
(1,286.0)
(100.0)
1,130.0
42.0
28,498.0

776.0
(268.0)
(1,643.0)
940.0
(472.0)
(223.0)
6,333.0
11.0
40,551.0

799.0
(1,980.0)
(734.0)
5.0
(3,700.0)
(434.0)
7,806.0
(7.0)
48,138.0

(8,446.0)

(9,989.0)

5,770.0
(1,607.0)
985.0
(3,298.0)

1,078.0
(1,035.0)
1,735.0
(8,211.0)

500.0
238.0
738.0
(5,542.0)
(901.0)
(6,443.0)
493.0
(2,352.0)

(11,437.0)

(12,859.0)

(11,986.0)

(13,839.0)

2,793.0
(2,012.0)
898.0
(9,758.0)

2,290.0
(809.0)
536.0
(10,842.0)

2,754.0
(2,287.0)
(3,391.0)
(14,910.0)

6,036.0
(2,810.0)
343.0
(10,270.0)

705.0
547.0
1,252.0
(3,518.0)
(506.0)
(4,024.0)

751.0
396.0
1,147.0
(1,208.0)
(246.0)
(1,454.0)

715.0
127.0
842.0
(2,052.0)
(914.0)
(2,966.0)

450.0
470.0
920.0
(2,309.0)
(562.0)
(2,871.0)

377.0
195.0
572.0
(1,993.0)
(81.0)
(2,074.0)

301.0
(5,721.0)

299.0
(4,798.0)

434.0
(5,881.0)

960.0
(9,951.0)

941.0
(18,221.0)

(6,123.0)

(6,254.0)
-

(6,123.0)

(6,217.0)
-

(6,254.0)
-

(6,515.0)
-

(6,217.0)
-

(6,896.0)
-

(6,515.0)
-

(7,185.0)
-

(6,896.0)
-

(7,185.0)

(478.0)
(14,165.0)

(595.0)
(15,041.0)

(330.0)
(11,353.0)

(677.0)
(14,763.0)

(430.0)
(18,268.0)

(974.0)
(26,941.0)

(82.0)
5,392.0

(170.0)
(533.0)

525.0
682.0

504.0
3,397.0

532.0
7,905.0

(787.0)
10,140.0

729.0
8,671.0
14,763.6
15,131.8
72.0
(5,705.0)
Mar-26-2003
NC
REP

562.0
9,855.0
10,870.6
11,053.8
1,434.0
(2,772.0)
Mar-15-2004
NC
REP

437.0
6,106.0
8,161.4
8,410.1
(743.0)
(307.0)
Feb-28-2005
NC
REP

429.0
8,149.0
12,572.3
12,701.6
(243.0)
(2,124.0)
Apr-12-2006
NCA
REP

328.0
13,510.0
20,554.5
20,953.3
408.0
(1,951.0)
Feb-28-2007
NC
REP

473.0
22,535.0
30,478.5
30,788.5
(2,010.0)
(1,502.0)
Feb-28-2008
NC
REP

205,240
-126,513
-53,689
282
8,001
-8,671
-8,446
16,204

188,704
-108,297
-57,001
-1,887
7,848
-9,855
-9,989
9,523

180,400
-107,193
-56,746
413
8,310
-6,106
-11,437
7,641

216,049
-127,130
-62,886
-256
9,047
-8,149
-12,859
13,816

265,543
-160,516
-67,601
5,638
9,767
-13,510
-11,986
27,335

330,375
-209,781
-69,430
3,672
10,253
-22,535
-13,839
28,715

19,632
3,247
282
-8,446
14,715

19,833
2,868
-1,887
-9,989
10,825

15,685
3,048
413
-11,437
7,709

23,258
3,049
-256
-12,859
13,192

29,322
3,699
5,638
-11,986
26,673

37,656
3,967
3,672
-13,839
31,456

22,937
-3,298
19,639

22,889
-8,211
14,678

21,268
-9,758
11,510

28,498
-10,842
17,656

40,551
-14,910
25,641

48,138
-10,270
37,868

8,475

11,975

11,015

12,396

16,847

25,406

12 months
Dec-31-2006
USD

12 months
Dec-31-2007
USD

Reclassified
12 months
Dec-31-2008
USD

Reclassified
12 months
Dec-31-2009
USD

Reclassified
12 months
Dec-31-2010
USD

Reclassified
12 months
Dec-31-2011
USD

335,086.0
3,652.0
338,738.0

358,600.0
3,106.0
361,706.0

425,071.0
425,071.0

275,564.0
275,564.0

341,578.0
2,419.0
343,997.0

433,526.0
4,111.0
437,637.0

209,667.0
129,071.0

229,113.0
132,593.0

284,724.0
140,347.0

183,816.0
91,748.0

231,513.0
112,484.0

304,035.0
133,602.0

13,490.0
1,181.0
11,416.0
42,393.0

14,022.0
1,469.0
12,250.0
44,091.0

15,004.0
1,451.0
12,379.0
45,223.0

14,000.0
2,021.0
11,917.0
37,571.0

13,912.0
2,144.0
14,760.0
39,127.0

14,179.0
2,081.0
15,583.0
43,544.0

68,480.0

71,832.0

74,057.0

65,509.0

69,943.0

75,387.0

60,591.0

60,761.0

66,290.0

26,239.0

42,541.0

58,215.0

(654.0)

(400.0)
-

(673.0)
-

(548.0)
-

(259.0)
-

(247.0)
-

(654.0)

(400.0)

(673.0)

(548.0)

(259.0)

(247.0)

6,985.0
66,922.0

8,901.0
69,262.0

11,081.0
(143.0)
3,023.0
79,578.0

7,143.0
1,455.0
34,289.0

10,677.0
52,959.0

15,289.0
73,257.0

1,531.0
68,453.0

2,217.0
71,479.0

62.0
3,757.0
83,397.0

488.0
34,777.0

52,959.0

73,257.0

27,902.0
40,551.0

29,864.0
41,615.0

36,530.0
46,867.0

15,119.0
19,658.0

21,561.0
31,398.0

31,051.0
42,206.0

40,551.0

41,615.0

46,867.0

19,658.0

31,398.0

42,206.0

(1,051.0)
39,500.0

(1,005.0)
40,610.0

(1,647.0)
45,220.0

(378.0)
19,280.0

(938.0)
30,460.0

(1,146.0)
41,060.0

Dec-31-2006
USD

Dec-31-2007
USD

Dec-31-2008
USD

Dec-31-2009
USD

Dec-31-2010
USD

Dec-31-2011
USD

28,244
28,244

33,981
519.0
34,500

31,437
570.0
32,007

10,693
169.0
10,862

7,825
7,825

12,664
12,664

25,076.0
3,866.0
28,942.0

30,775.0
5,675.0
36,450.0

18,707.0
5,995.0
24,702.0

22,186.0
5,459.0
27,645.0

25,439.0
6,845.0
32,284.0

30,044.0
8,598.0
38,642.0

10,714.0
3,273.0
4,604.0
75,777.0

11,089.0
2,497.0
1,427.0
85,963.0

11,646.0
2,097.0
1,814.0
72,266.0

11,553.0
3,322.0
1,853.0
55,235.0

12,976.0
3,359.0
628.0
1,912.0
58,984.0

15,024.0
4,549.0
404.0
1,680.0
72,963.0

259,284.0
(145,597.0)
113,687.0

280,340.0
(159,471.0)
120,869.0

270,845.0
(149,499.0)
121,346.0

305,906.0
(166,790.0)
139,116.0

373,938.0
(174,390.0)
199,548.0

393,995.0
(179,331.0)
214,664.0

22,060.0
7,491.0
219,015.0

15,347.0
19,903.0
242,082.0

16,094.0
1,725.0
16,621.0
228,052.0

17,319.0
2,263.0
19,390.0
233,323.0

18,986.0
3,527.0
21,465.0
302,510.0

18,512.0
4,218.0
20,695.0
331,052.0

30,433.0
6,052.0
1,243.0
459.0
8,033.0
2,597.0
48,817.0

29,239.0
12,480.0
2,065.0
318.0
10,654.0
3,556.0
58,312.0

21,190.0
11,901.0
2,032.0
368.0
10,057.0
3,552.0
49,100.0

24,236.0
5,921.0
2,128.0
348.0
8,310.0
11,118.0
52,061.0

30,780.0
6,778.0
2,442.0
345.0
9,812.0
12,476.0
62,633.0

33,969.0
7,123.0
4,280.0
3,431.0
12,727.0
15,975.0
77,505.0

6,425.0
220.0
13,931.0
20,851.0
11,123.0
101,367.0

6,774.0
409.0
13,278.0
22,899.0
14,366.0
116,038.0

6,645.0
380.0
20,729.0
19,726.0
13,949.0
110,529.0

6,761.0
368.0
17,942.0
23,148.0
17,651.0
117,931.0

11,923.0
304.0
19,367.0
35,150.0
20,454.0
149,831.0

9,062.0
260.0
24,994.0
36,618.0
21,869.0
170,308.0

4,786.0
195,207.0
(83,387.0)
(2,762.0)
113,844.0

4,933.0
228,518.0
(113,678.0)
1,989.0
121,762.0

5,314.0
265,680.0
(148,098.0)
(9,931.0)
112,965.0

5,503.0
276,937.0
(166,410.0)
(5,461.0)
110,569.0

9,371.0
298,899.0
(156,608.0)
(4,823.0)
146,839.0

9,512.0
330,939.0
(176,932.0)
(9,123.0)
154,396.0

3,804.0

4,282.0

4,558.0

4,823.0

5,840.0

6,348.0

117,648.0

126,044.0

117,523.0

115,392.0

152,679.0

160,744.0

219,015.0

242,082.0

228,052.0

233,323.0

302,510.0

331,052.0

12 months
Dec-31-2006
USD

12 months
Dec-31-2007
USD

12 months
Dec-31-2008
USD

12 months
Dec-31-2009
USD

12 months
Dec-31-2010
USD

39,500.0
11,416.0

40,610.0
12,250.0

45,220.0
12,379.0

19,280.0
11,917.0

30,460.0
14,760.0

12 months
Dec-31-2011
USD
41,060.0
15,583.0

11,416.0

12,250.0

12,379.0

11,917.0

14,760.0

15,583.0

1,051.0
(1,531.0)
(579.0)
(108.0)
(181.0)
(1,057.0)
1,160.0
(385.0)
49,286.0

(15,462.0)

(2,217.0)

(3,757.0)

(488.0)

(1,401.0)

(2,842.0)

(714.0)
934.0
(5,441.0)
72.0
6,228.0
280.0
52,002.0

921.0
3,530.0
8,641.0
(1,285.0)
(5,415.0)
(509.0)
59,725.0

(483.0)
(629.0)
(3,170.0)
459.0
1,420.0
132.0
28,438.0

(596.0)
1,345.0
(5,863.0)
(1,148.0)
9,943.0
913.0
48,413.0

(273.0)
2,829.0
(7,906.0)
(2,208.0)
8,880.0
222.0
55,345.0

(15,387.0)

(19,318.0)

(22,491.0)

(26,871.0)

(30,975.0)

3,080.0
(2,604.0)
756.0
(14,230.0)

4,204.0
(3,540.0)
4,995.0
(9,728.0)

5,985.0
(2,740.0)
574.0
(15,499.0)

1,545.0
(2,197.0)
724.0
(22,419.0)

3,261.0
(1,099.0)
505.0
(24,204.0)

11,133.0
(3,666.0)
1,343.0
(22,165.0)

334.0
318.0
652.0
(546.0)
(33.0)
(579.0)

1,211.0
592.0
1,803.0
(996.0)
(209.0)
(1,205.0)

1,210.0
79.0
1,289.0
(1,624.0)
(192.0)
(1,816.0)

1,336.0
225.0
1,561.0
(1,646.0)
(68.0)
(1,714.0)

1,307.0
1,143.0
2,450.0
(2,436.0)
(6,224.0)
(8,660.0)

2,624.0
702.0
3,326.0
(1,103.0)
(266.0)
(1,369.0)

1,173.0
(29,558.0)

1,079.0
(31,822.0)

753.0
(35,734.0)

752.0
(19,703.0)

1,043.0
(13,093.0)

924.0
(22,055.0)

(7,628.0)

(7,621.0)
-

(7,628.0)

(8,058.0)
-

(7,621.0)
-

(8,023.0)
-

(8,058.0)
-

(8,498.0)
-

(8,023.0)
-

(9,020.0)
-

(8,498.0)
-

(9,020.0)

(270.0)
(36,210.0)

(579.0)
(38,345.0)

(461.0)
(44,027.0)

(156.0)
(27,283.0)

(166.0)
(26,924.0)

(62.0)
(28,256.0)

727.0
(427.0)

1,808.0
5,737.0

(2,743.0)
(2,544.0)

520.0
(20,744.0)

(153.0)
(2,868.0)

(85.0)
4,839.0

1,382.0
26,165.0
33,658.6
34,067.4
283.0
73.0
Apr-13-2009
NCA
REP

555.0
26,342.0
40,062.6
40,312.6
(4,884.0)
598.0
Feb-26-2010
NC
REP

650.0
33,941.0
36,694.6
37,115.3
(1,975.0)
(527.0)
Feb-28-2011
NCA
REP

820.0
15,427.0
4,976.9
5,319.4
1,229.0
(153.0)
Feb-24-2012
NC
REP

703.0
18,941.0
18,591.3
18,753.1
(3,475.0)
(6,210.0)
Feb-27-2013
NC
REP

557.0
27,254.0
22,439.0
22,593.4
(808.0)
1,957.0
Feb-26-2014
NC
REP

338,738
-209,667
-68,480
-78
11,416
-26,165
-15,462
30,302

361,706
-229,113
-71,832
859
12,250
-26,342
-15,387
32,141

425,071
-284,724
-74,057
1,941
12,379
-33,941
-19,318
27,351

275,564
-183,816
-65,509
-1,291
11,917
-15,427
-22,491
-1,053

343,997
-231,513
-69,943
2,932
14,760
-18,941
-26,871
14,421

437,637
-304,035
-75,387
-1,234
15,583
-27,254
-30,975
14,335

42,656
4,653
-78
-15,462
31,770

42,507
5,118
859
-15,387
33,097

44,210
5,422
1,941
-19,318
32,255

21,568
5,181
-1,291
-22,491
2,967

33,972
6,009
2,932
-26,871
16,042

42,518
6,605
-1,234
-30,975
16,914

49,286
-14,230
35,056

52,002
-9,728
42,274

59,725
-15,499
44,226

28,438
-22,419
6,019

48,413
-24,204
24,209

55,345
-22,165
33,180

37,186

39,443

43,792

27,726

21,591

31,075

Pro-Forma
Reclassified
12 months
Dec-31-2012
USD

12 months
Dec-31-2013
USD

419,100.0
8,390.0
427,490.0

390,247.0
3,469.0
393,716.0

413,954

435,233

457,606

481,128

505,860

531,863

299,506.0
127,984.0

282,181.0
111,535.0

285,803
128,151

300,494
134,739

315,941
141,665

332,181
148,947

349,257
156,603

367,210
164,653

13,128.0
1,840.0
15,888.0
38,857.0

12,211.0
1,976.0
17,182.0
36,396.0

12,211
2,227

12,211
2,342

12,211
2,462

12,211
2,589

12,211
2,722

12,211
2,862

19,442
36,676

20,846
36,959

22,383
37,244

24,066
37,531

25,904
37,820

27,910
38,111

69,713.0

67,765.0

70,557

72,357

74,300

76,396

78,656

81,094

58,271.0

43,770.0

57,594

62,381

67,364

72,551

77,947

83,560

2014

2015

2016

2017

2018

2019

USD

USD

USD

USD

USD

USD

(327.0)

(9.0)
-

(327.0)

(9.0)

15,010.0
4,352.0
77,306.0

13,927.0
23.0
57,711.0

9,943

10,454

10,992

11,557

12,151

12,775

67,537

72,835

78,356

84,107

90,097

96,335

1,420.0
78,726.0

57,711.0

67,537

72,835

78,356

84,107

90,097

96,335

31,045.0
47,681.0

24,263.0
33,448.0

28,102
39,435

30,307
42,529

32,604
45,752

34,997
49,110

37,489
52,608

40,085
56,250

47,681.0

33,448.0

39,435

42,529

45,752

49,110

52,608

56,250

(2,801.0)
44,880.0

(868.0)
32,580.0

-1,155
38,280

-1,246
41,283

-1,340
44,412

-1,438
47,672

-1,541
51,067

-1,648
54,602

Dec-31-2012
USD

Dec-31-2013
USD

2014

2015

2016

2017

2018

2019

USD

USD

USD

USD

USD

USD

19,077

29,360

40,352

52,061

64,493

77,650

19,077

29,360

40,352

52,061

64,493

77,650

37,133

39,042

41,048

43,159

45,377

47,710

16,135.0
3,575.0
269.0
1,533.0
59,308.0

17,738

18,650

19,608

20,616

21,676

22,790

4,119
0
1,533
79,600

4,466
0
1,533
93,051

4,842
0
1,533
107,384

5,250
0
1,533
122,619

5,692
0
1,533
138,771

6,171
0
1,533
155,854

409,314.0
(182,365.0)
226,949.0

434,517.0
(190,867.0)
243,650.0

471,106
(210,309)
260,797

510,776
(231,155)
279,621

553,787
(253,538)
300,249

600,419
(277,604)
322,815

650,979
(303,508)
347,471

705,795
(331,418)
374,377

18,967.0
3,269.0
20,150.0
333,795.0

19,734.0
2,822.0
21,294.0
346,808.0

18,243
3,647
19,704
381,991

18,243
3,954
19,704
414,572

18,243
4,287
19,704
449,866

18,243
4,648
19,704
488,029

18,243
5,039
19,704
529,228

18,243
5,463
19,704
573,642

33,789.0
4,130.0
2,628.0
1,025.0
9,758.0
12,809.0
64,139.0

30,920.0
3,883.0
14,774.0
1,034.0
7,831.0
13,282.0
71,724.0

34,235
6,317
0

35,994
6,317
0

37,845
6,317
0

39,790
6,317
0

41,835
6,317
0

43,986
6,317
0

11,531
13,095
65,177

12,436
13,095
67,841

13,378
13,095
70,634

14,360
13,095
73,562

15,383
13,095
76,630

16,448
13,095
79,845

9,582
9,582

4,644
4,644

28,373.0
6,614.0
34,987.0

25,993.0
7,159.0
33,152.0

14,542.0
3,540.0
341.0
1,468.0
64,460.0

21,175
339

20,026
339

18,877
339

17,728
339

16,579
339

15,430
339

46,895
49,285
182,870

50,280
51,818
190,304

53,989
54,482
198,321

58,047
57,282
206,957

62,480
60,227
216,254

67,318
63,322
226,255

10,077

10,077

10,077

10,077

10,077

10,077

418,002
-226,921
-9,106
192,051

453,628
-237,295
-9,574
216,836

492,033
-248,312
-10,066
243,731

533,342
-259,980
-10,584
272,856

577,689
-272,303
-11,128
304,335

625,213
-285,285
-11,700
338,305

6,492.0

7,069

7,432

7,814

8,216

8,638

9,082

171,660.0

180,495.0

199,120

224,268

251,546

281,071

312,973

347,387

333,795.0

346,808.0

381,991
381,991

414,572
414,572

449,866
449,866

488,029
488,029

529,228
529,228

573,642
573,642

12 months
Dec-31-2012
USD

12 months
Dec-31-2013
USD

44,880.0
15,888.0

32,580.0
17,182.0

7,497.0
431.0
25,267.0
37,570.0
27,231.0
162,135.0

6,516.0
375.0
20,646.0
40,530.0
26,522.0
166,313.0

9,653.0
365,727.0
(197,333.0)
(12,184.0)
165,863.0

10,077.0
387,432.0
(212,781.0)
(10,725.0)
174,003.0

5,797.0

2014

2015

2016

2017

2018

2019

USD

USD

USD

USD

USD

USD

38,280
19,442

41,283
20,846

44,412
22,383

47,672
24,066

51,067
25,904

54,602
27,910

15,888.0

17,182.0

(13,018.0)
(1,157.0)
8,950.0
(1,082.0)
(1,873.0)
3,624.0
(42.0)
56,170.0

19,442

20,846

22,383

24,066

25,904

27,910

-3,981
-1,603
3,315

-1,909
-912
1,760

-2,007
-959
1,850

-2,110
-1,008
1,945

-2,218
-1,060
2,045

-2,333
-1,114
2,150

14,057
69,510

1,552
62,620

1,984
67,664

2,444
73,009

2,933
78,671

3,455
84,671

-36,589

-39,670

-43,011

-46,632

-50,559

-54,817

3,690

3,690

3,690

3,690

3,690

3,690

823
-32,077

823
-35,158

823
-38,498

823
-42,120

823
-46,047

823
-50,304

(1,828.0)
3.0
1,697.0
(305.0)
(1,812.0)
(2,498.0)
(105.0)
44,914.0

(34,271.0)
3,600.0
4,055.0
(598.0)
1,613.0
(25,601.0)

(33,669.0)

958.0
995.0
1,953.0
(4,714.0)
(147.0)
(4,861.0)

12,028.0
345.0
12,373.0
(756.0)
(13.0)
(769.0)

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

(1,149)
-1,149

(1,149)
-1,149

(1,149)
-1,149

(1,149)
-1,149

(1,149)
-1,149

(1,149)
-1,149

193.0
(21,068.0)

50.0
(15,998.0)

(14,140)

(10,374)

(11,017)

(11,668)

(12,324)

(12,982)

2,707.0
(4,435.0)
1,196.0
(34,201.0)

(10,092.0)

(10,875.0)
-

-7,710

-5,657

-6,008

-6,362

-6,720

-7,079

-7,710

-5,657

-6,008

-6,362

-6,720

-7,079

(10,092.0)

(10,875.0)

7.0
(33,868.0)

(257.0)
(15,476.0)

-23,000

-17,179

-18,174

-19,179

-20,193

-21,210

217.0
(3,082.0)

(175.0)
(4,938.0)

14,433

10,283

10,992

11,709

12,432

13,157

413,954
-285,803
-70,557
-2,269
19,442
0
-36,589
38,178

435,233
-300,494
-72,357
-1,061
20,846
0
-39,670
42,496

457,606
-315,941
-74,300
-1,115
22,383
0
-43,011
45,622

481,128
-332,181
-76,396
-1,173
24,066
0
-46,632
48,811

505,860
-349,257
-78,656
-1,233
25,904
0
-50,559
52,059

531,863
-367,210
-81,094
-1,296
27,910
0
-54,817
55,356

555.0
24,349.0
14,799.0
15,003.4
3,887.0
(2,908.0)
Feb-26-2014
NC
REP

426.0
25,066.0
7,361.6
7,367.3
4,356.0
11,604.0
Feb-26-2014
O
REP

427,490
-299,506
-69,713
669
15,888
-24,349
-34,271
16,208

393,716
-282,181
-67,765
-4,615
17,182
-25,066
-33,669
-2,398

44,915
6,265
669
-34,271
17,578

35,326
7,224
-4,615
-33,669
4,266

44,982
8,090
-2,269
-36,589
14,214

48,596
8,674
-1,061
-39,670
16,539

52,404
9,314
-1,115
-43,011
17,592

56,414
10,014
-1,173
-46,632
18,623

60,638
10,779
-1,233
-50,559
19,625

65,087
11,613
-1,296
-54,817
20,587

56,170
-25,601
30,569

44,914
-34,201
10,713

69,510
-32,077
37,433

62,620
-35,158
27,462

67,664
-38,498
29,166

73,009
-42,120
30,888

78,671
-46,047
32,624

84,671
-50,304
34,367

31,160

26,873

21,851

16,030

17,025

18,030

19,044

20,061

Pro-Forma
2020

2021

2022

2023

2024

USD

USD

USD

USD

USD

559,202

587,947

618,170

649,946

683,355

386,085
173,117

405,932
182,016

426,798
191,372

448,737
201,209

471,803
211,552

12,211
3,009

12,211
3,163

12,211
3,326

12,211
3,497

12,211
3,677

30,097
38,405

32,479
38,701

35,073
38,999

37,895
39,299

40,963
39,602

83,721

86,554

89,609

92,902

96,453

89,396

95,461

101,763

108,307

115,099

13,432

14,122

14,848

15,611

16,414

102,827

109,584

116,611

123,919

131,513

102,827

109,584

116,611

123,919

131,513

42,786
60,041

45,598
63,986

48,522
68,089

51,562
72,356

54,722
76,790

60,041

63,986

68,089

72,356

76,790

-1,759
58,282

-1,874
62,112

-1,994
66,095

-2,119
70,237

-2,249
74,541

2020

2021

2022

2023

2024

USD

USD

USD

USD

USD

91,532

106,135

121,450

137,466

154,164

91,532

106,135

121,450

137,466

154,164

50,162

52,740

55,452

58,302

61,299

23,962

25,193

26,488

27,850

29,281

6,691
0
1,533
173,880

7,254
0
1,533
192,856

7,865
0
1,533
212,789

8,528
0
1,533
233,678

9,246
0
1,533
255,523

765,228
(361,514)
403,713

829,665
(393,993)
435,671

899,528
(429,066)
470,462

975,274
(466,961)
508,313

1,057,398
(507,924)
549,474

18,243
5,923
19,704
621,463

18,243
6,422
19,704
672,896

18,243
6,963
19,704
728,160

18,243
7,549
19,704
787,488

18,243
8,185
19,704
851,129

46,247
6,317
0

48,624
6,317
0

51,123
6,317
0

53,751
6,317
0

56,514
6,317
0

17,557
13,095
83,215

18,710
13,095
86,745

19,910
13,095
90,445

21,158
13,095
94,320

22,454
13,095
98,380

14,281
339

13,132
339

11,983
339

10,834
339

9,685
339

72,593
66,577
237,005

78,340
70,000
248,556

84,596
73,598
260,960

91,402
77,381
274,276

98,803
81,359
288,566

10,077

10,077

10,077

10,077

10,077

676,058
-298,925
-12,301
374,909

730,375
-313,218
-12,934
414,300

788,324
-328,159
-13,598
456,644

850,067
-343,734
-14,297
502,113

915,778
-359,929
-15,032
550,894

9,549

10,040

10,556

11,099

11,669

384,458

424,340

467,200

513,211

562,563

621,463
621,463

672,896
672,896

728,160
728,160

787,488
787,488

851,129
851,129

2020

2021

2022

2023

2024

USD

USD

USD

USD

USD

58,282
30,097

62,112
32,479

66,095
35,073

70,237
37,895

74,541
40,963

30,097

32,479

35,073

37,895

40,963

-2,452
-1,171
2,261

-2,578
-1,232
2,377

-2,711
-1,295
2,499

-2,850
-1,362
2,628

-2,997
-1,432
2,763

4,012
91,028

4,607
97,765

5,241
104,903

5,920
112,467

6,645
120,484

-59,432

-64,437

-69,863

-75,746

-82,124

3,690

3,690

3,690

3,690

3,690

823
-54,920

823
-59,925

823
-65,351

823
-71,234

823
-77,612

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

(1,149)
-1,149

(1,149)
-1,149

(1,149)
-1,149

(1,149)
-1,149

(1,149)
-1,149

(13,640)

(14,294)

(14,940)

(15,576)

(16,195)

-7,438

-7,794

-8,147

-8,493

-8,831

-7,438

-7,794

-8,147

-8,493

-8,831

-22,226

-23,237

-24,236

-25,218

-26,174

13,882

14,603

15,315

16,016

16,698

559,202
-386,085
-83,721
-1,363
30,097
0
-59,432
58,697

587,947
-405,932
-86,554
-1,433
32,479
0
-64,437
62,070

618,170
-426,798
-89,609
-1,507
35,073
0
-69,863
65,466

649,946
-448,737
-92,902
-1,584
37,895
0
-75,746
68,872

683,355
-471,803
-96,453
-1,665
40,963
0
-82,124
72,272

69,772
12,523
-1,363
-59,432
21,499

74,705
13,515
-1,433
-64,437
22,349

79,899
14,594
-1,507
-69,863
23,123

85,367
15,768
-1,584
-75,746
23,805

91,125
17,045
-1,665
-82,124
24,380

91,028
-54,920
36,108

97,765
-59,925
37,840

104,903
-65,351
39,552

112,467
-71,234
41,233

120,484
-77,612
42,872

21,077

22,088

23,087

24,069

25,025

1997
Change in Revenue
Arithmetic Average
Geometric Average

1998
-18.04%

6.80%
5.14%

Simple moving average (5-year)


Weighted moving average (5-year)
Exponential moving average (5-year)
Exponential Moving Average
Percentage Base

Exponents

Total

51%
5
4
3
2
1

3.41%
6.69%
13.16%
25.87%
50.87%
100.00%

1999
11.18%

2000
27.57%

2001
-8.06%

2002
-4.40%

2003
19.76%

2004
22.91%

2005
24.41%

1.65%
2.19%
-0.56%

9.21%
8.22%
10.08%

11.56%
12.79%
16.59%

10.93%
17.08%
20.38%

2006
2.53%

2007
6.78%

2008
17.52%

2009
-35.17%

2010
24.83%

2011
27.22%

13.04%
14.28%
11.79%

15.28%
12.19%
9.52%

14.83%
12.94%
13.41%

3.21%
-3.73%
-11.46%

3.30%
3.48%
6.38%

8.24%
11.45%
17.05%

2012
-2.32%

2013
-7.90%

6.42%
7.93%
7.37%

1.33%
3.16%
-0.57%

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

COGS as a % of Total Revenue


COGS annual growth rate
SG&A as a % of Total Revenue
SG&A Annual growth rate
Exploration & Drilling costs as a % of Total Revenue
Exploration & Drilling costs annual growth rate
Depreciation & Amortization as a % of Gross PP&E
Depreciation & Amortization as a % of Net PP&E
Other Operating Expenses/(Income) as % of Total Revenue
Other Operating Expenses/(Income) growth rate
Interest Expense as a % of Total Debt
Income/(Loss) from Affiliates as a % of Revenue
Income/(Loss) from Affiliates growth rate
Income Tax as a % of EBT
Minority Interest as a % of Revenue
Minority Interest as a % of Net Income to Company
Accounts Receivable as % of Revenue
Accounts Receivable annual growth rate
Other Receivables as % of Revenue
Other Receivables annual growth rate
Total Receivables as % of Revenue
Total Receivables annual growth rate
Inventory as % of Revenue
Inventory as % of COGS
Inventory annual growth rate
Deferred tax assets, current as % of Revenue
Deferred tax assets, current as % of COGS
Deferred tax assets, current as % of Gross PP&E
Deferred tax assets, current as % of Net PP&E
Deferred tax assets, current, annual growth rate
Other Current Assets as % of Revenue
Other Current Assets growth rate
Gross PP&E as % of Revenue
Gross PP&E as % of COGS
Gross PP&E annual growth rate
Net PP&E as % of Revenue
Net PP&E as % of COGS
Net PP&E annual growth rate
Accumulated Depreciation as % of Gross PP&E
Accumulated Depreciation growth rate
Long-term Investments as % of Revenue

1997
58.29%
7.69%
0.71%
6.44%
12.39%
19.18%
-8.67%
2.27%
38.29%
-0.30%
-4.29%
4.53%
1.54%
6.06%
3.11%
5.33%

72.37%
124.16%
37.62%
64.53%
-48.02%
2.13%

Long-term Investments annual growth rate


Deferred tax assets, LT as % of Gross PP&E
Deferred tax assets, LT as % of Net PP&E
Deferred tax assets, LT annual growth rate
Other Long-term Assets as % of Revenue
Other Long-term Assets annual growth rate
Accounts Payable as a % of COGS
Accounts Payable annual growth rate
Accrued Expenses as % of COGS
Accrued Expenses annual growth rate
Current Income Taxes Payable as % of Income Tax Expense
Other Current Liabilities as % of COGS
Other Current Liabilities annual growth rate
Capital Leases as a % of PP&E
Capital Leases annual growth rate
Pension Benefit Obligations as a % of Revenue
Pension Benefit Obligations as a % of COGS
Pension Benefit Obligations as a % of SG&A
Pension Benefit Obligations annual growth rate
PBO + Other Non-Current Liabilities as % of Revenue
PBO + Other Non-Current Liabilities as % of COGS
PBO + Other Non-Current Liabilities annual growth rate
PBO + Other Non-Current Liabilities
Def. Tax Liability, Non-Curr., as % of Gross PP&E
Def. Tax Liability, Non-Curr., as % of Net PP&E
Def. Tax Liability, Non-Curr., annual growth rate
Comprehensive Income as % of Revenue
Comprehensive Income as % of PBO + Other Non-Curr. Liabilti
Minority Interest as % Revenue
Minority Interest as % of Income/Loss Affiliates
Minority Interest annual growth rate
Divestitures as a % of Revenue
Divestitures as a % of Gross PP&E
Divestitures as a % of Net PP&E
Divestirure annual growth rate
Repurchase of Common Stock as % of (CFO - CFI)
Dividend as % of (CFO - CFI)
Combined Repurchases and Dividends as % of (CFO-CFI)
Dividends + Repurchases
CFO - CFI

2.66%
11.08%
3.19%
27.21%

5.59%
9.60%
9,877
10.53%
20.25%
-0.76%
-13.61%
1.34%
59.11%
1.24%
1.72%
3.30%
-17.30%
-31.90%
-49.20%
-8,879
10,607

1998
55.16%
-22.45%
8.93%
-4.78%
1.04%
20.29%
4.58%
9.02%
22.95%
-1.96%
-3.34%
2.77%
0.10%
31.90%
-0.18%
-3.18%
7.51%
35.96%
3.43%
83.08%
10.94%
47.91%
6.01%
10.89%
58.41%

1999
58.31%
17.55%
8.03%
-0.05%
0.77%
-17.26%
4.28%
8.61%
21.61%
4.70%
-3.66%
1.86%
-25.33%
28.69%
-0.09%
-1.80%
9.08%
34.46%
2.83%
-8.40%
11.91%
21.01%
5.28%
9.05%
-2.30%

2000
61.64%
34.85%
5.87%
-6.77%
0.46%
-24.88%
4.26%
8.91%
15.94%
-5.92%
-4.38%
2.07%
41.76%
40.58%
-0.20%
-2.27%
8.56%
20.29%
2.64%
19.30%
11.20%
20.05%
4.05%
6.56%
-2.21%

2001
57.39%
-14.40%
6.53%
2.33%
0.62%
25.53%
4.12%
8.76%
18.89%
9.00%
-2.71%
1.15%
-48.85%
36.54%
-0.30%
-3.58%
7.21%
-22.60%
3.15%
9.65%
10.36%
-14.99%
4.19%
7.30%
-4.82%

2002
59.42%
-1.02%
6.52%
-4.50%
0.51%
-21.70%
4.05%
8.75%
19.81%
0.26%
-3.70%
1.15%
-4.97%
36.68%
-0.12%
-1.79%
8.49%
12.65%
3.24%
-1.78%
11.73%
8.26%
4.47%
7.53%
2.07%

2003
58.84%
18.60%
5.89%
8.09%
0.47%
9.78%
3.95%
8.62%
18.56%
12.20%
-2.17%
2.02%
111.67%
33.70%
-0.32%
-3.13%
7.76%
9.46%
3.49%
29.03%
11.25%
14.87%
4.15%
7.05%
11.02%

126.10%
228.62%
42.80%
63.98%
116.00%
39.40%
-49.26%
46.48%
8.02%

117.61%
201.68%
3.70%
58.45%
100.24%
1.58%
-50.30%
5.88%
7.64%

91.48%
148.40%
-0.77%
43.77%
71.00%
-4.48%
-52.15%
2.89%
5.17%

100.95%
175.91%
1.47%
47.48%
82.74%
-0.25%
-52.97%
3.05%
5.01%

113.61%
191.21%
7.59%
52.63%
88.57%
5.96%
-53.68%
9.04%
6.07%

106.14%
180.38%
11.88%
48.58%
82.57%
10.56%
-54.23%
13.02%
6.68%

209.24%

5.83%

-13.71%

-10.84%

15.78%

31.83%

4.52%
39.19%
22.07%
54.52%
6.94%
68.72%
54.40%

4.38%
7.67%
20.77%
10.63%
6.40%
8.41%
82.44%

3.98%
15.89%
16.86%
9.47%
4.29%
-9.69%
47.63%

4.47%
3.28%
16.71%
-15.18%
4.40%
-12.08%
39.58%

4.69%
0.36%
19.18%
13.62%
4.32%
-2.94%
59.95%

4.13%
5.39%
18.15%
12.22%
4.23%
16.12%
46.81%

10.04%
18.20%
47.07%
14,526
9.18%
18.09%
24.51%
-1.92%
-19.10%
2.51%
90.34%
52.97%
1.30%
1.03%
2.03%
-14.09%
-25.42%
-41.87%
-67.28%
-9,390
4,454

8.69%
14.90%
-3.75%
13,981
8.59%
17.28%
-2.97%
-1.78%
-20.50%
2.29%
123.02%
1.68%
0.60%
0.51%
1.03%
-48.41%
-5.44%
-47.69%
-53.13%
-6,542
4,028

6.38%
10.35%
-6.30%
13,100
8.76%
18.30%
1.18%
-2.64%
-41.40%
1.57%
76.00%
-12.42%
2.81%
3.07%
6.42%
493.62%
-14.26%
-37.12%
-51.38%
-8,475
19,639

7.22%
12.57%
3.94%
13,616
8.59%
18.26%
-0.50%
-3.58%
-49.57%
1.50%
129.94%
-12.54%
0.57%
0.57%
1.20%
-81.32%
-30.33%
-33.15%
-63.48%
-11,975
14,678

10.51%
17.69%
39.28%
18,965
8.04%
17.36%
0.76%
-3.61%
-34.29%
1.53%
133.98%
-2.02%
1.55%
1.36%
2.94%
159.09%
-24.22%
-31.38%
-55.59%
-11,015
11,510

8.20%
13.94%
-6.56%
17,721
8.77%
19.17%
22.05%
-0.53%
-6.48%
1.57%
77.34%
22.18%
1.06%
1.00%
2.18%
-18.01%
-23.03%
-25.52%
-48.55%
-12,396
17,656

2004
60.45%
26.26%
4.94%
3.21%
0.41%
8.71%
4.03%
8.99%
16.42%
8.72%
-8.04%
1.87%
13.45%
37.87%
-0.29%
-2.97%
7.80%
23.54%
1.75%
-38.39%
9.55%
4.32%
3.57%
5.91%
5.92%

2005
63.50%
30.69%
4.13%
3.89%
0.29%
-12.20%
4.27%
9.58%
13.49%
2.22%
-6.21%
2.30%
52.85%
38.69%
-0.24%
-2.16%
7.22%
15.19%
1.10%
-21.97%
8.32%
8.38%
2.82%
4.44%
-1.75%

2006
61.90%
-0.05%
3.98%
-1.11%
0.35%
22.51%
4.40%
10.04%
12.51%
-4.89%
-8.05%
2.06%
-7.89%
40.76%
-0.31%
-2.59%
7.40%
5.11%
1.14%
6.62%
8.54%
5.30%
3.16%
5.11%
14.94%

0.46%
0.76%
0.50%
1.12%

2007
63.34%
9.27%
3.88%
3.94%
0.41%
24.39%
4.37%
10.13%
12.19%
4.01%
-4.37%
2.46%
27.43%
41.78%
-0.28%
-2.41%
8.51%
22.73%
1.57%
46.79%
10.08%
25.94%
3.07%
4.84%
3.50%

2008
66.98%
24.27%
3.53%
7.00%
0.34%
-1.23%
4.57%
10.20%
10.64%
2.57%
-7.44%
2.61%
24.49%
43.80%
-0.39%
-3.51%
4.40%
-39.21%
1.41%
5.64%
5.81%
-32.23%
2.74%
4.09%
5.02%

2009
66.71%
-35.44%
5.08%
-6.69%
0.73%
39.28%
3.90%
8.57%
13.63%
-16.92%
-5.93%
2.59%
-35.54%
43.47%
-0.14%
-1.92%
8.05%
18.60%
1.98%
-8.94%
10.03%
11.91%
4.19%
6.29%
-0.80%

0.69%
1.09%
0.89%
2.07%

0.49%
0.74%
0.77%
1.73%
-16.02%
0.43%
27.12%
63.72%
95.13%
-3.39%
28.55%
42.62%
0.39%
-55.20%
-6.25%
3.79%

1.21%
1.81%
1.09%
2.39%
58.42%
0.67%
2.15%
111.01%
166.42%
12.95%
50.48%
75.68%
14.64%
-54.52%
11.57%
6.28%

0.39%
91.29%
151.03%
5.72%
40.91%
67.68%
3.50%
-55.19%
7.59%
6.58%

72.73%
114.55%
-0.88%
32.39%
51.01%
-1.50%
-55.47%
-0.37%
5.88%

76.54%
123.66%
7.90%
33.56%
54.22%
6.24%
-56.15%
9.24%
6.51%

77.50%
122.36%
8.12%
33.42%
52.76%
6.32%
-56.88%
9.53%
4.24%

21.07%
0.58%
1.29%

11.20%

13.55%

-30.43%

4.87%
0.64%
1.42%

2.77%
-17.48%
14.85%
3.32%
3.77%
12.67%
49.89%
1.17%

2.59%
16.20%
14.55%
28.01%
2.67%
-7.40%
36.12%

2.21%
-12.44%
14.51%
-0.26%
2.89%
7.94%
28.79%
1.24%

5.50%
165.69%
12.76%
-3.92%
5.45%
106.21%
35.68%
1.55%
36.93%
0.15%
185.91%
3.67%
5.80%
-5.31%
-4.69%
7.64%
12.07%
10.34%
27,644
8.17%
18.95%
9.82%
0.55%
7.20%
1.18%
48.11%
12.57%
1.16%
1.50%
3.48%
36.49%
-62.65%
-15.00%
-77.65%
-39,443
42,274

3.91%
-16.49%
7.44%
-27.53%
4.18%
-4.64%
27.53%
1.25%
-0.11%
0.14%
92.91%
4.88%
7.28%
38.16%
56.12%
8.16%
12.18%
25.44%
34,678
7.28%
16.26%
-13.86%
-2.34%
-28.64%
1.07%
41.13%
6.45%
1.41%
2.21%
4.93%
42.36%
-61.71%
-13.91%
-75.62%
-43,792
44,226

0.15%

0.08%
3.09%
4.87%
-25.08%

7.71%
12.75%
15.47%
20,462
8.70%
19.41%
4.84%
0.19%
2.51%
1.49%
79.66%
16.85%
1.04%
1.14%
2.54%
20.26%
-26.41%
-18.30%
-44.71%
-16,847
25,641

6.12%
9.64%
-1.20%
20,217
8.69%
19.51%
-1.01%
-0.39%
-6.33%
1.07%
46.51%
-10.75%
1.83%
2.51%
5.64%
119.17%
-39.56%
-15.60%
-55.15%
-25,406
37,868

4.11%
6.64%
3.27%
36.31%
7.40%
11.95%
23.93%
25,054
8.04%
18.34%
-0.13%
-0.82%
-11.02%
1.12%
54.46%
7.85%
0.91%
1.19%
2.71%
-48.97%
-60.69%
-15.66%
-76.35%
-37,186
35,056

7.61%
0.74%
1.63%
31.19%
7.04%
16.66%
13.18%
14.37%
3.22%
-50.25%
54.96%
6.05%
213.01%
0.12%
96.84%
6.51%
9.76%
28.16%
-13.44%
12.92%
19.36%
2.64%
35,593
7.57%
16.64%
17.35%
-1.98%
-15.34%
1.75%
67.52%
5.81%
0.56%
0.51%
1.11%
-74.19%
-73.73%
-30.02%
-103.75%
-27,726
6,019

2010
67.30%
25.95%
4.04%
-0.63%
0.62%
6.09%
3.95%
7.40%
11.37%
4.14%
-1.76%
3.10%
49.48%
40.71%
-0.27%
-2.99%
7.40%
14.66%
1.99%
25.39%
9.38%
16.78%
3.77%
5.60%
12.32%

2011
69.47%
31.33%
3.24%
1.92%
0.48%
-2.94%
3.96%
7.26%
9.95%
11.29%
-1.47%
3.49%
43.20%
42.39%
-0.26%
-2.72%
6.87%
18.10%
1.96%
25.61%
8.83%
19.69%
3.43%
4.94%
15.78%

2012
70.06%
-1.49%
3.07%
-7.41%
0.43%
-11.58%
3.88%
7.00%
9.09%
-10.76%
-2.93%
3.51%
-1.82%
39.43%
-0.66%
-5.87%
6.64%
-5.56%
1.55%
-23.08%
8.18%
-9.46%
3.40%
4.86%
-3.21%

2013
71.67%
-5.78%
3.10%
-6.99%
0.50%
7.39%
3.95%
7.05%
9.24%
-6.33%
-0.04%
3.54%
-7.22%
42.04%
-0.22%
-2.60%
6.60%
-8.39%
1.82%
8.24%
8.42%
-5.24%
4.10%
5.72%
10.95%

0.98%
1.45%
0.90%
1.68%
1.11%
0.56%
3.18%
108.70%
161.52%
22.24%
58.01%
86.19%
43.44%
-46.64%
4.56%
5.52%

1.04%
1.50%
1.15%
2.12%
35.43%
0.38%
-12.13%
90.03%
129.59%
5.36%
49.05%
70.61%
7.58%
-45.52%
2.83%
4.23%

0.83%
1.18%
0.86%
1.56%
-22.18%
0.34%
-12.62%
95.75%
136.66%
3.89%
53.09%
75.77%
5.72%
-44.55%
1.69%
4.44%

0.91%
1.27%
0.82%
1.47%
0.99%
0.39%
4.43%
110.36%
153.99%
6.16%
61.88%
86.35%
7.36%
-43.93%
4.66%
5.01%

Min
55.16%
-35.44%
3.07%
-7.41%
0.29%
-24.88%
3.88%
7.00%
9.09%
-16.92%
1.15%
-48.85%
28.69%
-0.66%
-5.87%
4.40%
-39.21%
1.10%
-38.39%
5.81%
-32.23%
2.74%
4.09%
-4.82%
0.46%
0.74%
0.50%
1.12%
-22.18%
0.34%
-12.62%
63.72%
95.13%
-3.39%
28.55%
42.62%
-4.48%
-56.88%
-6.25%
2.13%

9.63%
0.94%
1.77%
55.86%
6.24%
10.70%
13.30%
27.00%
2.93%
14.47%
45.51%
5.39%
12.21%
0.08%
82.61%
5.63%
8.37%
39.21%
7.94%
11.58%
17.20%
11.88%
39,821
9.40%
17.61%
51.85%
-1.40%
-12.11%
1.70%
54.70%
21.09%
0.95%
0.87%
1.63%
111.07%
-32.94%
-21.38%
-54.31%
-21,591
24,209

-2.50%
1.07%
1.96%
19.59%
4.73%
-3.59%
11.17%
10.36%
2.34%
5.09%
40.99%
5.25%
28.05%
0.07%
85.53%
5.71%
8.22%
76.27%
29.05%
10.71%
15.41%
17.68%
46,863
9.29%
17.06%
4.18%
-2.08%
-19.47%
1.45%
41.52%
8.70%
2.54%
2.83%
5.19%
241.40%
-40.86%
-16.71%
-57.57%
-31,075
33,180

2.46%
0.80%
1.44%
-22.50%
4.71%
-2.63%
11.28%
-0.53%
1.38%
-42.02%
31.43%
4.28%
-19.82%
0.11%
165.77%
5.91%
8.44%
92.47%
1.09%
12.28%
17.53%
12.02%
52,498
9.18%
16.55%
2.60%
-2.85%
-23.21%
1.36%
38.62%
-8.68%
0.95%
0.99%
1.79%
-63.58%
-41.06%
-19.67%
-60.73%
-31,160
30,569

4.04%
0.65%
1.16%
-13.67%
5.41%
5.68%
10.96%
-8.49%
1.38%
-5.98%
32.28%
4.71%
3.69%
0.09%
87.01%
5.24%
7.32%
69.08%
-18.29%
11.98%
16.72%
-10.15%
47,168
9.33%
16.63%
7.88%
-2.72%
-22.74%
1.65%
46.61%
11.99%
0.69%
0.62%
1.11%
-33.24%
-36.24%
-24.63%
-60.87%
-26,873
10,713

-30.43%
0.58%
1.16%
-22.50%
2.21%
-17.48%
7.44%
-27.53%
1.38%
-50.25%
27.21%
1.17%
-19.82%
0.07%
82.61%
3.09%
4.87%
-25.08%
-18.29%
5.59%
9.60%
-10.15%
7.28%
16.26%
-13.86%
-3.61%
-49.57%
1.07%
38.62%
-12.54%
0.56%
0.51%
1.03%
-81.32%
-73.73%
-47.69%
-103.75%

Mean
Max
62.97%
8.63%
5.20%
-0.53%
0.54%
4.51%
4.29%
8.90%
15.03%
0.77%

Last 5 years Std Dev


Std Dev as % of Mean
71.67%
69.04%
4.95%
7.86%
34.85%
2.91%
21.04%
243.72%
8.93%
3.71%
1.84%
35.28%
8.09%
-3.96%
5.16%
-966.23%
1.04%
0.55%
0.19%
35.63%
39.28%
7.65%
18.85%
417.74%
6.44%
3.93%
0.60%
13.96%
12.39%
7.45%
1.36%
15.25%
22.95%
10.66%
4.49%
29.86%
12.20%
-3.72%
8.15%
1057.54%

2.40%
14.55%
38.67%
-0.27%
-2.93%
7.29%
9.69%
2.15%
9.80%
9.45%
8.91%
3.85%
6.21%
7.80%

3.54%
111.67%
43.80%
-0.09%
-1.79%
9.08%
35.96%
3.49%
83.08%
11.91%
47.91%
6.01%
10.89%
58.41%

3.25%
9.62%
41.61%
-0.31%
-3.22%
7.11%
7.48%
1.86%
5.44%
8.97%
6.74%
3.78%
5.48%
7.01%

0.73%
39.92%
4.16%
0.13%
1.02%
1.27%
20.01%
0.81%
29.38%
1.79%
18.51%
0.86%
1.76%
15.12%

30.41%
274.32%
10.75%
-47.28%
-34.71%
17.46%
206.60%
37.55%
299.84%
18.94%
207.85%
22.37%
28.30%
193.70%

0.83%
1.22%
0.87%
1.77%
9.62%
0.45%
2.02%
95.64%
153.25%
8.42%
46.70%
74.62%
9.15%
-51.45%
7.84%
5.48%

1.21%
1.81%
1.15%
2.39%
58.42%
0.67%
27.12%
126.10%
228.62%
42.80%
63.98%
116.00%
43.44%
-43.93%
46.48%
8.02%

0.99%
1.44%
0.97%
1.84%
14.75%
0.47%
-3.00%
103.17%
149.64%
10.12%
54.50%
78.92%
15.75%
-47.03%
5.06%
5.10%

0.26%
0.37%
0.20%
0.41%
31.19%
0.12%
14.50%
18.27%
34.80%
11.04%
10.91%
18.74%
13.47%
4.34%
11.38%
1.48%

31.81%
29.94%
22.64%
22.98%
324.02%
26.11%
717.50%
19.10%
22.71%
131.16%
23.36%
25.12%
147.14%
-8.43%
145.15%
26.91%

17.48%
0.77%
1.52%
14.09%
4.35%
14.63%
14.64%
7.98%
3.76%
6.54%
43.60%
3.43%
39.14%
0.11%
113.80%
4.97%
7.41%
35.14%
11.76%
9.01%
14.24%
11.36%

209.24%
1.07%
1.96%
55.86%
7.04%
165.69%
22.07%
54.52%
6.94%
106.21%
82.44%
6.05%
213.01%
0.15%
185.91%
6.51%
9.76%
92.47%
56.12%
12.92%
19.36%
47.07%

4.25%
0.84%
1.59%
14.09%
5.63%
5.36%
11.98%
8.54%
2.25%
-15.74%
41.03%
5.14%
47.43%
0.09%
103.55%
5.80%
8.42%
61.04%
1.27%
11.89%
17.24%
6.81%

53.15%
0.18%
0.28%
32.31%
1.30%
42.70%
3.90%
18.98%
1.54%
37.20%
14.26%
2.08%
78.90%
0.03%
43.04%
1.13%
1.49%
39.50%
26.20%
2.31%
3.15%
16.50%

304.14%
23.01%
18.32%
229.29%
29.89%
291.91%
26.67%
238.05%
40.92%
568.81%
32.72%
60.60%
201.61%
28.35%
37.82%
22.78%
20.14%
112.43%
222.78%
25.64%
22.11%
145.25%

8.71%
17.98%
8.03%
-1.69%
-18.48%
1.54%
71.09%
7.61%
1.25%
1.39%
2.90%
52.60%
-36.22%
-25.85%
-62.08%

10.53%
20.25%
51.85%
0.55%
7.20%
2.51%
133.98%
52.97%
2.81%
3.07%
6.42%
493.62%
-5.44%
-13.91%
-44.71%

8.95%
16.90%
16.77%
-2.21%
-18.57%
1.58%
49.79%
7.78%
1.14%
1.16%
2.17%
36.29%
-44.97%
-22.48%
-67.45%

0.77%
1.19%
15.17%
1.24%
14.60%
0.39%
31.50%
16.58%
0.64%
0.81%
1.71%
149.57%
19.00%
10.21%
14.61%

8.85%
6.62%
188.89%
-73.54%
-79.04%
25.23%
44.32%
217.94%
51.64%
58.51%
59.05%
284.33%
-52.44%
-39.49%
-23.53%

Correl
R2
0.9948
0.9878
0.5716
0.5457
0.5809
-0.5556
0.9741
0.9578
0.7072
0.6230
0.9340
0.7086
0.9957
-0.7794
-0.8245
0.8584
0.0411
0.4465
-0.1203
0.8554
-0.0278
0.8555
0.8902
-0.1953
-0.2506
0.1562
0.2896
0.7765
0.7636
0.3591
-0.4050
0.0539
0.8402
0.8767
-0.4398
0.7688
0.8191
-0.2765
-0.9561
0.9007
0.7605

0.99
0.98
0.33
0.30
0.34
0.31
0.95
0.92
0.50
0.39

Other Income vs. Total Revenue


0.02980033
30366.4056811388
0.00769302
2333.7239425002
0.50009039
3152.7775474308
15.0054246
15
149154014
149100093.953756
Other Income % vs time
-0.00819818
0.2240740811
0.00088528
0.0090714367
0.85112761
0.0178818112
85.7574357
15
0.02742173
0.0047963876

0.87
0.50
0.99
0.61
0.68
0.74
0.00
0.20
0.01
0.73
0.00
0.73
0.79
0.04 Correl of growth rate to Revenue growth rate
Correl of growth rate to COGS growth rate
0.02
0.08
0.60
0.58
0.13 Correl of growth rate to Gross PP&E growth
0.16
0.00
0.71
0.77
0.19
0.59
0.67
0.08
0.91
0.81
0.58

-0.3274
0.7143
0.7234
0.8801
0.7901
-0.1149
0.8173
-0.0950
0.4274
0.1443
0.9103
0.3997
-0.7115
0.1631
-0.1797
0.6848
0.7974
-0.0397
0.6117
0.8710
0.9081
-0.2379

0.11
0.51
0.52
0.77 Correl of growth rate to Gross PP&E growth
0.62
0.01
0.67
0.01
0.18
0.02
0.83
0.16
0.51
0.03
0.03
0.47
0.64
0.00
0.37
0.76
0.82
0.06

0.9754
0.9926
0.8814
-0.4667
-0.6647
0.7992
0.9144
0.2027
0.6236
0.3890
0.3687
0.5756
-0.7978
-0.3452
-0.7773

0.95
0.99
0.78
0.22
0.44
0.64
0.84
0.04
0.39
0.15
0.14
0.33
0.64
0.12
0.60

LINEST
Slope Coefficient
Std Err
R2
F Stat
SS reg

KEY
Constant
Std Err
Std Err Var
Df
SS resid

Pro-Forma Model A
Growth Rate of Revenue

5.14%

COGS as a % of Revenue
SG&A as a CAGR
Exploration & Drilling costs as a % of Revenue
Depreciation & Amortization as a % of Net PP&E
Other Operating Expenses/(Income) as a CAGR

69.04%
0.00%
0.54%
7.45%
0.77%

Interest Expense as a % of Total LT Debt


Income/(loss) from affiliates as a % of Revenue
Currency Gains/(Losses)
Other non-Operating Inc./(Expenses)
Total Unusual Items as a % of Total Revenue

-3.42%
2.40%

Tax Rate
Minority Interest as a % of Net Income

41.61%
-2.93%

Total Receivables (A/R + Other Receivables)


Inventory
Prepaid Expenses
Deferred Tax Assets, current
Restricted Cash
Other Current Assets
Gross PP&E
Long-term Assets
Deferred Tax Assets, LT
Other Long-Term Assets
Accounts Payable
Accrued Exp.
Curr. Income Taxes Payable
Other Current Liabilities
Capital Leases
PBO + Other Non-Current Liabilities
Deferred Tax Liabilities, Non-current
Comprehensive Income
Minority Interest
Divestitures
Other Investing Activities
Bonds
Average Annual Repayment
Average Annual Issuance

8.97%
6.21%
0
0.87%
0
0
8.42%
18,243
0.77%
19,704
11.98%
6,317
41.03%
13,095
339
17.24%
17.98%
-18.48%
71.09%
3,690
823
1,889
-3,038

Average Annual Net Change in Bonds


Stock Repurchases
Dividends

-1,149
-37.77%
-20.60%

Pro-Forma Model Assumptions


Average CAGR 1997 - 2013; most conservative growth rate

Average of COGS / Total Revenue 2008 - 2013; appears to have changed over time
Average annual growth rate 1997 - 2013
Average % of Revenue 1997 - 2013; less variability than growth rates
Depreciation / Net PP&E; latest 5 years; appears to be a drop, may be temprorary or due to c
Avereage annual growth rate 1997 - 2013; very little change since 1997 compared to revenu

Interest Exp / Total LT Debt 2013 is zero Capital Structure details compute 3.42%
Average of Income/(Loss) from Affiliates / Revenue 1997 - 2013; maybe a very-long wave rela
1 time item, not material or included in other accounts
Only 2 items, not material
Very random and not material
Average of Income Tax / EBT 2008 - 2013; seems systematically higher in recent years
Average of Minority Interest / Net Income to Company 1997 - 2013; not a material account

Total Receivables / Total Revenue 2008 - 2013; appears to have be a shift over time; Total Rec
Inventory / COGS; slightly higher correlation, better business operations relationship
Has registered as zero for the last 5 years; may be incorporated into another account
Deferred Tax Assets, Current / Gross PP&E; best correlation; low number of observations; not
Periodically appears and disappears, restriction appears temporary?; not material
Growth rate; appears to be stable and has a short history; not material
Growth Rate; More stable than Revenue or COGS; impacted by acquisitions; reasonable longAverage since 2004; as a measure of book value should be based on new ventures
Deferred Tax Assets, Current / Gross PP&E; best correlation; low number of observations; not
Average since 2007; appears to be a distinct jump then little change
AP / COG; 2008 - 2013 as appears to be change in levels since financial crisis
Average 1997 - 2013; not particular linkage to income statements account; not material acco
Current Income Taxes Payable / Income Tax Expense; last 5 years, may be some change after
Jumps discreetly in 2009; no other apparent pattern, limited number of observations
Average of the entries; Initial entry 2006; may be tied to specifc project(s), varies in a tight ra
PBO + Other non-current liabilities / COGS; last 5 years as there has been a definite shift due
Deferred Tax Liabilities, Non-current / Net PP&E; same issues as deferred tax assets
Comprehensive Income / PBO + Other; 1997 - 2013; consists of pension obligation adjustmen
Minority Interest / Income from Affiliates; minority interests should be linked to business caus
Average 1997 - 2012; no particular pattern, not material but continuous activity across years
Average 1997 - 2012; no particular pattern, not material but continuous activity across years

Amount to be repurchased each year until bonds = 0


Stock Repurchases / (CFO - CFI); payout of FCF equal to last three years average
Dividends / (CFO - CFI); payout of FCF equal to average of last three years

Notes

Revenue earned from oil production, refining, and marketing; volatile, economicall sensisitve
Changing production costs due to increasingly difficult exploration environment?
Overhead fixed expenses

e in asset mix
According to notes, composed of non-income related taxes and duties (production royalties)

Results from minority ownership in other entities

Subtraction for other minority interests in XOM entities


AR is trade (oil & gas) related, other is unknown - posssibly related to financing program?
About 1/3 is materials and supply and 2/3 is oil products

terial account

70% Upstream (production), 15% Downstream, 8% Chemicla, remaining is Other


Ownership in companies using the equity method (includes advances and/or LT receivables)
terial account
Unknown

ncial crisis

not material
The PBO was included in Other until 2005; this can be accounted for either by finding the PBO

nd currency gains/losses

e PBO amount in Other and restating the financials, or by adding the two accounts

Exxon Mobil Corporation (NYSE:XOM) > Financials > Capital Structure Details
Principal Due in Millions of the reported currency.

FY 2013 (Dec-31-2013) Capital Structure As Reported Details

Description
4.900% Senior Note Due 2014
5.000% Senior Note Due 2015
5.300% Senior Note Due 2015
5.500% Senior Note Due 2018
5.650% Senior Note Due 2016
6.100% Senior Note Due 2036
6.250% Senior Note Due 2017
6.375% Senior Note Due 2038
6.500% Senior Note Due 2018
6.750% Senior Note Due 2037
8.625% Debentures Due 2021
Bank Loans
Capitalized Lease Obligations
Commercial Paper
Industrial Revenue Bonds Due 2014-2051
Long Term Committed Lines of Credit
Long Term Debt Due within One Year
Other Debt

Other Foreign Currency Obligations


Other US Dollar Obligations
Short Term Committed Lines of Credit
Variable Note Due 2034
Variable Notes Due 2014-2017
Variable Notes Due 2014-2019

Period Type:
Currency:
Units:

Annual
Reported Currency
S&P Capital IQ (Default)

Type
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Bonds and Notes
Term Loans
Capital Lease
Commercial Paper
Bonds and Notes
Revolving Credit
Other Borrowings
Other Borrowings

Principal Due (USD)


132.0
243.0
389.0
212.0
200.0
489.0
238.0
485.0
312.0
249.0
722.0
375.0
14,051.0
2,527.0
1,034.0
1.0

Coupon/Base Rate
4.900%
5.000%
5.300%
5.500%
5.650%
6.100%
6.250%
6.375%
6.500%
6.750%
8.625%
0.775%
8.500%
3.600%
0.100%

Source:
Conversion:
Decimals:

A 2013 filed Feb-26-2014


Historical
Capital IQ (Default)

Floating Rate
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA

Maturity
2014
2015
2015
2018
2016
2036
2017
2038
2018
2037
2021
Apr-01-2013
Dec-31-2014
2014 - 2051
Dec-31-2014
Dec-31-2014

Other Borrowings
Other Borrowings
Revolving Credit
Bonds and Notes
Bonds and Notes
Bonds and Notes

9.0
112.0

4.400%

177.0
742.0

0.500%
3.300%
4.600%

NA
NA
NA
NA
NA
NA

2034
2014 - 2017
2014 - 2019

Seniority
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior
Senior

Secured
No
No
No
No
No
No
No
No
No
No
No
No
Yes
No
No
No
No
No

Convertible
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No

Repayme
nt
Currency Principal Due * Coupon Rate
USD
0.00
USD
6.60
USD
12.88
USD
21.40
USD
11.98
USD
12.20
USD
30.56
USD
15.17
USD
31.53
USD
21.06
USD
21.48
USD
5.60
USD
31.88
USD
505.84
USD
2.53
USD
0.00
USD
0.00
USD
0.00

Senior
Senior
Senior
Senior
Senior
Senior

No
No
No
No
No
No

No
No
No
No
No
No

USD
USD
USD
USD
USD

0.00
4.93
0.00
0.00
5.84
34.13
775.58 Sum of Principal * Coupon Rate
22,699.00 Outstanding Principal
3.42% Weighted Average Coupon Rat

Coupon Rate
pal
Coupon Rate