Unformatted text preview: ating Expenses/(Income) as a CAGR 68.15%
1.24% Average of COGS / Total Revenue 2008 - 2012; appears to have changed over time
Changing production costs due to increasingly difficult exploration environment?
Average annual growth rate 1997 - 2012
Overhead fixed expenses
Average % of Revenue 1997 - 2012; less variability than growth rates
Depreciation / Gross PP&E; latest 5 years; appears to be a drop, may be temprorary or due to change in asset mix
Avereage annual growth rate 1997 - 2012; very little change since 1997 compared to revenue
According to notes, composed of non-income related taxes and duties (production royalties) Interest Expense as a % of Total LT Debt
Income/(loss) from affiliates as a % of Revenue
Other non-Operating Inc./(Expenses)
Total Unusual Items as a % of Total Revenue #VALUE!
2.33% Interest Exp / Total LT Debt 2011 is 2.93%; Capital Structure details compute 3.18%
Average of Income/(Loss) from Affiliates / Revenue 1997 - 2012; maybe a very-long wave relationship?
1 time item, not material or included in other accounts
Only 2 items, not material
Very random and not material Revenue earned from oil production, refining, and marketing; volatile, economicall sensisitve Results from minority ownership in other entities Tax Rate
Minority Interest as a % of Net Income 41.96%
-2.95% Average of Income Tax / EBT 2008 - 2012; seems systematically higher in recent years
Average of Minority Interest / Net Income to Company 1997 - 2011; not a material account Total Receivables (A/R + Other Receivables)
Deferred Tax Assets, current
Other Current Assets
Deferred Tax Assets, LT
Other Long-Term Assets
Curr. Income Taxes Payable
Other Current Liabilities
PBO + Other Non-Current Liabilities
Deferred Tax Liabilities, Non-current
Other Investing Activities
Average Annual Repayment
Average Annual Issuance
Average Annual Net Change in Bonds
848 Total Receivables / Total Revenue 2008 - 2012; appears to have be a shift over time; Total Receivables has better relationship than separate ARunknown - posssibly related to financing program?
AR is trade (oil & gas) related, other is and Other Rec
Inventory / COGS; slightly higher correlation, better business operations relationship
About 1/3 is materials and supply and 2/3 is oil products
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 a material account
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...
View Full Document
This document was uploaded on 02/05/2014.
- Winter '14