Financial Summary

Click here to see our SEC filings, including our financial statements.

Newfield Exploration Company (NFX)

Income Statement

  Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update) Year Ending Dec 2013 (Restated) Year Ending Dec 2012 (Restated)
Net Sales 1.47M 1.56M 2.29M 1.86M 1.56M
Revenue 1.47M 1.56M 2.29M 1.86M 1.56M
Total Revenue 1.47M 1.56M 2.29M 1.86M 1.56M
Cost of Revenue 286.00 331.00 432.00 363.00 391.00
Cost of Revenue, Total 286.00 331.00 432.00 363.00 391.00
Gross Profit 1.19M 1.23M 1.86M 1.49M 1.17M
Selling/General/Administrative Expense 457.00 429.00 396.00 356.00 318.00
Selling/General/Administrative Expenses, Total 457.00 429.00 396.00 356.00 318.00
Depreciation 572.00 917.00 870.00 685.00 704.00
Depreciation/Amortization 572.00 917.00 870.00 685.00 704.00
Restructuring Charge 5.00 27.00
Impairment-Assets Held for Use 1.03M 4.90M -- -- 1.49M
Other Unusual Expense (Income) 23.00
Unusual Expense (Income) 1.06M 4.93M -- -- 1.49M
Minimum Pension Liability Adjustment
Other Operating Expense 20.00 10.00 15.00 3.00 15.00
Other, Net
Other Operating Expenses, Total 20.00 10.00 15.00 3.00 15.00
Total Operating Expense 2.39M 6.62M 1.71M 1.41M 2.92M
Operating Income -919.00 -5,061.00 575.00 450.00 -1,354.00
Interest Expense - Non-Operating -154.00 -164.00 -200.00 -205.00 -205.00
Interest Capitalized - Non-Operating 51.00 33.00 53.00 53.00 68.00
Interest Expense, Net Non-Operating -103.00 -131.00 -147.00 -152.00 -137.00
Investment Income, Non-Operating -191.00 259.00 610.00 -97.00 120.00
Interest/Investment Income, Non-Operating -191.00 259.00 610.00 -97.00 120.00
Interest Income (Expense), Net-Non-Operating, Total -294.00 128.00 463.00 -249.00 -17.00
Other Non-Operating Income (Expense) 5.00 -14.00 -6.00 -- -3.00
Other, Net 5.00 -14.00 -6.00 -- -3.00
Net Income Before Taxes -1,208.00 -4,947.00 1.03M 201.00 -1,374.00
Income Tax – Total 22.00 -1,585.00 382.00 128.00 -452.00
Income After Tax -1,230.00 -3,362.00 650.00 73.00 -922.00
Net Income Before Extraordinary Items -1,230.00 -3,362.00 650.00 73.00 -922.00
Discontinued Operations -- -- 250.00 74.00 -262.00
Total Extraordinary Items -- -- 250.00 74.00 -262.00
Net Income -1,230.00 -3,362.00 900.00 147.00 -1,184.00
Preferred Dividends -- -20.00 --
Total Adjustments to Net Income -- -20.00 --
Income Available to Common Excluding Extraordinary Items -1,230.00 -3,362.00 650.00 53.00 -922.00
Income Available to Common Stocks Including Extraordinary Items -1,230.00 -3,362.00 900.00 127.00 -1,184.00
Basic Weighted Average Shares 193.00 159.00 137.00 135.00 135.00
Basic EPS Excluding Extraordinary Items -6.37 -21.14 4.74 0.39 -6.83
Basic EPS Including Extraordinary Items -6.37 -21.14 6.57 0.94 -8.77
Dilution Adjustment --
Diluted Net Income -1,230.00 -3,362.00 900.00 127.00 -1,184.00
Diluted Weighted Average Shares 193.00 159.00 138.00 136.00 135.00
Diluted EPS Excluding Extraordinary Items -6.37 -21.14 4.71 0.39 -6.83
Diluted EPS Including Extraordinary Items -6.37 -21.14 6.52 0.93 -8.77
DPS - Common Stock Primary Issue -- -- -- --
Gross Dividends - Common Stock -- -- -- -- --
Stock-Based Compensation, Supplemental 36.00 25.00 28.00 43.00 35.00
Interest Expense, Supplemental 103.00 131.00 147.00 152.00 137.00
Interest Capitalized, Supplemental -51.00 -33.00 -53.00 -53.00 -68.00
Depreciation, Supplemental 572.00 917.00 903.00 930.00 955.00
Total Special Items 1.06M 4.93M -- -- 1.49M
Normalized Income Before Taxes -152.00 -16.00 1.03M 201.00 114.00
Effect of Special Items on Income Taxes 369.60 1.73M -- -- 520.80
Income Taxes Excluding Impact of Special Items 391.60 140.85 382.00 128.00 68.80
Normalized Income After Taxes -543.60 -156.85 650.00 73.00 45.20
Normalized Income Available to Common -543.60 -156.85 650.00 53.00 45.20
Basic Normalized EPS -2.82 -0.99 4.74 0.39 0.33
Diluted Normalized EPS -2.82 -0.99 4.71 0.39 0.33
Rental Expense, Supplemental 21.00 35.00 20.00 284.00
Audit-Related Fees, Supplemental 2.15 2.19 1.84 2.26
Audit-Related Fees 0.05 0.05 0.04 0.05
Tax Fees, Supplemental 0.14 0.13 0.06 0.32
All Other Fees Paid to Auditor, Supplemental -- -- -- --
Gross Margin 80.57 78.74 81.12 80.45 74.97
Operating Margin -62.43 -325.05 25.13 24.23 -86.68
Pretax Margin -82.07 -317.73 45.10 10.82 -87.96
Effective Tax Rate 37.02 63.68
Net Profit Margin -83.56 -215.93 28.41 2.85 -59.03
Normalized EBIT 137.00 -130.00 575.00 450.00 134.00
Normalized EBITDA 709.00 787.00 1.48M 1.38M 1.09M
Current Tax - Domestic -13.00 -12.00 -- -4.00 1.00
Current Tax - Foreign 22.00 31.00 3.00 2.00 14.00
Current Tax - Local -- -2.00 2.00 -- 1.00
Current Tax - Total
Current Tax - Total 9.00 17.00 5.00 -2.00 16.00
Deferred Tax - Domestic 10.00 -1,507.00 350.00 53.00 -479.00
Deferred Tax - Foreign -10.00 -68.00 2.00 64.00 45.00
Deferred Tax - Local 13.00 -27.00 25.00 13.00 -34.00
Deferred Tax - Total 13.00 -1,602.00 377.00 130.00 -468.00
Income Tax - Total 22.00 -1,585.00 382.00 128.00 -452.00
Interest Cost - Domestic
Expected Return on Assets - Domestic
Curtailments & Settlements - Domestic
Domestic Pension Plan Expense
Other Post-Retirement, Net 3.00 3.00 2.00
Post-Retirement Plan Expense 3.00 3.00 2.00
Defined Contribution Expense - Domestic 6.00 7.00 10.00
Total Pension Expense 9.00 10.00 12.00
Discount Rate - Domestic
Expected Rate of Return - Domestic
Total Plan Interest Cost
Total Plan Expected Return
Total Plan Other Expense 3.00 3.00 2.00
Crude Oil, Avg. Production (Barrels/Day) 71.97M 73.07M 52.18M 38.90M 32.84M
Crude Oil Production (Barrels) 26.34MM 26.75MM 19.05MM 14.20MM 11.99MM
Gas Liquids, Average Production (Barrels/Day) 29.29M 23.37M 22.48M 14.15M 7.15M
Gas Liquids Production (Barrels) 10.72MM 8.55MM 8.21MM 5.16MM 2.61MM
Natural Gas, Average Production (Cubic Meters/Day) 10.05MM 9.00MM 9.17MM 9.01MM 11.13MM
Natural Gas, Average Sales Price per Cubic Meter 0.08 0.08 0.15 0.12 0.09
Natural Gas Production (Cubic Meters) 3.68B 3.29B 3.35B 3.29B 4.06B
Oil Equivalent Production (Barrels/Day) 164.94M 153.47M 132.35M 109.71M 110.02M
Exploration and Development Costs 1.21M 1.22M 2.02M 2.14M 1.85M

Balance Sheet

  Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Restated) Year Ending Dec 2013 (Reclassified) Year Ending Dec 2012 (Update)
Cash & Equivalents 555.00 5.00 14.00 95.00 88.00
Short Term Investments 25.00
Cash and Short Term Investments 580.00 5.00 14.00 95.00 88.00
Accounts Receivable - Trade, Gross 248.00 278.00 455.00 475.00 453.00
Provision for Doubtful Accounts -16.00 -16.00 -16.00 -1.00 -1.00
Accounts Receivable - Trade, Net 232.00 262.00 439.00 474.00 452.00
Total Receivables, Net 232.00 262.00 439.00 474.00 452.00
Total Inventory 16.00 34.00 33.00 163.00 132.00
Restricted Cash - Current 90.00
Deferred Income Tax - Current Asset 22.00
Discontinued Operations - Current Asset
Other Current Assets 121.00 324.00 454.00 57.00 194.00
Other Current Assets, Total 121.00 324.00 454.00 169.00 194.00
Total Current Assets 949.00 625.00 940.00 901.00 866.00
Natural Resources - Gross 23.24M 22.35M 20.97M 16.41M 14.21M
Other Property/Plant/Equipment - Gross 265.00 267.00 258.00 243.00 141.00
Property/Plant/Equipment, Total - Gross 23.50M 22.62M 21.22M 16.65M 14.35M
Accumulated Depreciation, Total -20,194.00 -18,624.00 -12,809.00 -8,375.00 -7,444.00
Property/Plant/Equipment, Total - Net 3.31M 3.99M 8.41M 8.28M 6.90M
Goodwill, Net
LT Investments - Other 19.00 20.00 26.00 63.00 58.00
Long Term Investments 19.00 20.00 26.00 63.00 58.00
Deferred Income Tax - Long Term Asset 19.00 24.00
Discontinued Operations - Long Term Asset
Restricted Cash - Long Term 25.00
Other Long Term Assets 12.00 132.00 200.00 63.00 62.00
Other Long Term Assets, Total 37.00 132.00 200.00 82.00 86.00
Total Assets 4.31M 4.77M 9.58M 9.32M 7.91M
Accounts Payable 33.00 41.00 32.00 76.00 69.00
Accrued Expenses 287.00 344.00 651.00 710.00 598.00
Notes Payable/Short Term Debt -- -- -- -- --
Income Taxes Payable 15.00 25.00 32.00 93.00 108.00
Other Payables 196.00 164.00 197.00 175.00 95.00
Deferred Income Tax - Current Liability -- 144.00 42.00
Discontinued Operations – Current Liability
Other Current Liabilities 153.00 73.00 45.00 236.00 47.00
Other Current liabilities, Total 364.00 262.00 418.00 504.00 292.00
Total Current Liabilities 684.00 647.00 1.10M 1.29M 959.00
Long Term Debt 2.43M 2.47M 2.87M 3.69M 3.05M
Total Long Term Debt 2.43M 2.47M 2.87M 3.69M 3.05M
Total Debt 2.43M 2.47M 2.87M 3.69M 3.05M
Deferred Income Tax - Long Term Liability 39.00 26.00 1.48M 1.14M 934.00
Deferred Income Tax 39.00 26.00 1.48M 1.14M 934.00
Reserves 154.00 192.00 183.00 201.00 132.00
Other Long Term Liabilities 66.00 57.00 45.00 38.00 62.00
Discontinued Operations - Liabilities
Other Liabilities, Total 220.00 249.00 228.00 239.00 194.00
Total Liabilities 3.37M 3.39M 5.69M 6.37M 5.13M
Preferred Stock - Non Redeemable -- -- --
Preferred Stock - Non Redeemable, Net -- -- --
Common Stock 2.00 2.00 1.00 1.00 1.00
Common Stock, Total 2.00 2.00 1.00 1.00 1.00
Additional Paid-In Capital 3.25M 2.44M 1.58M 1.54M 1.52M
Retained Earnings (Accumulated Deficit) -2,265.00 -1,035.00 2.33M 1.43M 1.30M
Treasury Stock - Common -44.00 -22.00 -10.00 -13.00 -36.00
Unrealized Gain (Loss) 1.00 1.00
Cumulative Translation Adjustment
Minimum Pension Liability Adjustment -3.00 -2.00
Other Comprehensive Income -2.00 2.00 -7.00
Other Equity, Total -2.00 -3.00 -2.00 2.00 -7.00
Total Equity 938.00 1.38M 3.89M 2.96M 2.78M
Total Liabilities & Shareholders' Equity 4.31M 4.77M 9.58M 9.32M 7.91M
Shares Outstanding – Common Stock Primary Issue 198.95 163.49 137.33 136.22 135.31
Total Common Shares Outstanding 198.95 163.49 137.33 136.22 135.31
Treasury Shares – Common Primary Issue 1.20 0.61 0.28 0.46 1.22
Employees 994.00 1.11M 1.33M 1.55M 1.76M
Number of Common Shareholders 1.44M 1.48M 1.53M 1.62M 1.71M
Total Current Assets less Inventory 933.00 591.00 907.00 738.00 734.00
Quick Ratio 1.36 0.91 0.82 0.57 0.77
Current Ratio 1.39 0.97 0.85 0.70 0.90
Net Debt 1.85M 2.46M 2.86M 3.60M 2.96M
Tangible Book Value 938.00 1.38M 3.89M 2.96M 2.78M
Tangible Book Value per Share 4.71 8.43 28.35 21.70 20.54
Total Long Term Debt, Supplemental 2.45M 2.49M 3.70M 3.05M
Long Term Debt Maturing within 1 Year -- -- -- --
Long Term Debt Maturing in Year 2 -- -- -- --
Long Term Debt Maturing in Year 3 -- -- -- --
Long Term Debt Maturing in Year 4 -- 19.50 624.50 300.00
Long Term Debt Maturing in Year 5 -- 19.50 624.50 300.00
Long Term Debt Maturing in 2-3 Years -- -- -- --
Long Term Debt Maturing in 4-5 Years -- 39.00 1.25M 600.00
Long Term Debt Maturing in Year 6 & Beyond 2.45M 2.45M 2.45M 2.45M
Total Operating Leases 416.00 645.00 637.00 1.09M
Operating Lease Payments Due in Year 1 175.00 200.00 156.00 472.00
Operating Lease Payments Due in Year 2 93.00 147.00 110.00 149.00
Operating Lease Payments Due in Year 3 70.00 98.00 88.00 101.00
Operating Lease Payments Due in Year 4 30.00 81.00 86.00 90.00
Operating Lease Payments Due in Year 5 22.00 44.00 76.00 87.00
Operating Lease Payments Due in 2-3 Years 163.00 245.00 198.00 250.00
Operating Lease Payments Due in 4-5 Years 52.00 125.00 162.00 177.00
Standardized Operating Lease Payments Due in Year 6 and Beyond 26.00 75.00 121.00 188.00
Pension Obligation - Domestic
Post-Retirement Obligation
Plan Assets - Domestic
Funded Status - Domestic
Funded Status - Post-Retirement
Accumulated Obligation - Domestic
Accumulated Obligation - Post-Retirement 20.00 18.00 10.00 12.00
Total Funded Status
Discount Rate - Domestic
Expected Rate of Return - Domestic
Accrued Liabilities - Domestic -12.00
Accrued Liabilities - Post-Retirement -20.00 -18.00
Other Assets, Net - Domestic
Net Assets Recognized on Balance Sheet -20.00 -18.00 -12.00
Equity % - Domestic
Debt Securities % - Domestic
Total Plan Obligations
Total Plan Assets
Developed Square Kilometers - Oil & Gas 3.09M 3.09M 2.87M 3.04M 4.53M
Undeveloped Square Kilometers -Oil & Gas 1.86M 2.22M 2.27M 3.30M 10.36M
Number of Wells, New 91.00 139.00 347.00 313.30 269.10
Number of Wells, Total 3.04M 3.28M 3.31M 3.26M 3.42M
Oil and NGL Reserves, Proved (Barrels) 285.00MM 291.00MM 377.00MM 302.00MM 240.00MM
Natural Gas Reserves, Proved (Cubic Meters) 38.69B 36.96B 45.51B 46.67B 49.70B
Oil and NGL Reserves, Probable (Barrels) 188.00MM
Natural Gas Reserves, Probable (Cubic Meters) 16.31B

Cash Flow

  Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update) Year Ending Dec 2013 (Update) Year Ending Dec 2012 (Update)
Net Income/Starting Line -1,230.00 -3,362.00 900.00 147.00 -1,184.00
Depreciation – Supplemental 572.00 917.00 903.00 930.00 955.00
Depreciation/Depletion 572.00 917.00 903.00 930.00 955.00
Deferred Taxes 13.00 -1,602.00 509.00 143.00 1.00
Discontinued Operations
Unusual Items 1.42M 5.15M -373.00 -- 1.49M
Other Non-Cash Items 35.00 68.00 -600.00 214.00 69.00
Non-Cash Items 1.46M 5.22M -973.00 214.00 1.56M
Accounts Receivable 22.00 83.00 47.00 -62.00 -70.00
Inventories -2.00 -- -11.00 -35.00
Other Assets -25.00 -28.00 18.00 12.00
Payable/Accrued -3.00 -45.00 21.00 74.00 -77.00
Other Liabilities 27.00 8.00 -8.00 -12.00
Other Operating Cash Flow -3.00
Changes in Working Capital 16.00 38.00 48.00 11.00 -182.00
Cash from Operating Activities 826.00 1.21M 1.39M 1.45M 1.15M
Purchase of Fixed Assets -1,371.00 -1,745.00 -2,128.00 -2,095.00 -1,789.00
Capital Expenditures -1,371.00 -1,745.00 -2,128.00 -2,095.00 -1,789.00
Sale of Business -- -- 809.00
Sale of Fixed Assets 405.00 90.00 620.00 36.00 630.00
Sale/Maturity of Investment -- -- 39.00 1.00 --
Purchase of Investments -25.00
Other Investing Cash Flow -- 57.00
Other Investing Cash Flow Items, Total 380.00 147.00 1.47M 37.00 630.00
Cash from Investing Activities -991.00 -1,598.00 -660.00 -2,058.00 -1,159.00
Other Financing Cash Flow -3.00 -11.00 -- -4.00 -10.00
Financing Cash Flow Items -3.00 -11.00 -- -4.00 -10.00
Sale/Issuance of Common 779.00 819.00 6.00 1.00 2.00
Repurchase/Retirement of Common -22.00 -12.00 -11.00 -6.00 -7.00
Common Stock, Net 757.00 807.00 -5.00 -5.00 -5.00
Repurchase/Retirement of Preferred -- -- -20.00
Preferred Stock, Net -- -- -20.00
Issuance (Retirement) of Stock, Net 757.00 807.00 -5.00 -25.00 -5.00
Long Term Debt Issued 536.00 2.60M 2.95M 3.26M 3.84M
Long Term Debt Reduction -575.00 -3,015.00 -3,752.00 -2,614.00 -3,805.00
Long Term Debt, Net -39.00 -416.00 -803.00 649.00 39.00
Issuance (Retirement) of Debt, Net -39.00 -416.00 -803.00 649.00 39.00
Cash from Financing Activities 715.00 380.00 -808.00 620.00 24.00
Foreign Exchange Effects
Net Change in Cash 550.00 -9.00 -81.00 7.00 12.00
Net Cash - Beginning Balance 5.00 14.00 95.00 88.00 76.00
Net Cash - Ending Balance 555.00 5.00 14.00 95.00 88.00
Cash Interest Paid 97.00 119.00 144.00 148.00 137.00
Cash Taxes Paid 17.00 25.00 4.00 128.00 206.00
Print Page Print Page   RSS Feeds RSS Feeds   E-mail Alerts Email Alerts