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Income Statement
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SM Energy Co (SM)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues   [+]3,345.92,597.91,126.21,585.81,636.41,253.81,178.41,557.0
            Revenue growth  28.8%130.7%-29.0%-3.1%30.5%6.4%-24.3%-38.3%
Cost of goods sold  1,716.82,339.51,138.61,574.71,125.7507.9597.61,783.1
Gross profit  1,629.2258.4-12.411.0510.7745.9580.9-226.2
            Gross margin  48.7%9.9%-1.1%0.7%31.2%59.5%49.3%-14.5%
Selling, general and administrative   [+]62.474.31,057.085.3105.170.8145.3157.7
Other operating expenses   [+]157.3106.7-1,121.9121.5-296.3994.91,567.0145.6
EBIT   [+]1,409.577.452.5-195.8702.0-319.9-1,131.5-529.4
            EBIT margin  42.1%3.0%4.7%-12.4%42.9%-25.5%-96.0%-34.0%
Non-recurring items   [+]7.535.01,016.033.849.916.180.449.4
Interest expense         128.1
Other income (expense), net   [+]114.1164.1170.7157.7160.6171.4168.6-15.9
Pre-tax income  1,395.846.2-956.7-231.0651.8-343.8-1,201.9-722.9
Income taxes  283.89.9-192.1-44.0143.4-183.0-444.2-275.2
            Tax rate  20.3%21.5%20.1%19.1%22.0%53.2%37.0%38.1%
Net income  1,112.036.2-764.6-187.0508.4-160.8-757.7-447.7
            Net margin  33.2%1.4%-67.9%-11.8%31.1%-12.8%-64.3%-28.8%
   
Basic EPS   [+]$9.09$0.30($6.72)($1.66)$4.54($1.44)($9.90)($6.61)
Diluted EPS   [+]$8.96$0.29($6.72)($1.66)$4.48($1.44)($9.90)($6.61)
   
Dividends per share   [+]$0.31$0.02$0.02$0.10$0.10$0.10$0.10$0.10
   
Shares outstanding (basic)   [+]122.4119.0113.7112.5111.9111.476.667.7
Shares outstanding (diluted)   [+]124.1123.7113.7112.5113.5111.476.667.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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