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7.

0 FINANCIAL REPORT

INCOME STATEMENT OF WOODSIDE PETROLEUM

FOR THREE YEARS ANNUALLY

Fiscal data as of Dec 31 2015 2015 2014 2013

REVENUE AND GROSS PROFIT

Total revenue 5,030 7,435 5,926

OPERATING EXPENSES

Cost of revenue total 2,945 2,883 2,594

Selling, general and admin. expenses, total 28 143 131

Depreciation/amortization 44 36 56

Unusual expense(income) 1,211 460 329

Other operating expenses, total (19) (25) (21)

Total operating expense 4,589 3,763 3,388

Operating income 441 3,672 2,538

Other, net -- -- (161)

INCOME TAXES, MINORITY INTEREST AND EXTRA ITEMS

Net income before taxes 356 3,509 2,359

Provision for income taxes 243 993 545

Net income after taxes 113 2,516 1,814

Minority interest (87) (102) (65)

Net income before extra. Items 26 2,414 1,749

Total extraordinary items -- -- --

Net income 26 2,414 1,749


CASH FLOW OF WOODSIDE PETROLEUM

FOR THREE YEARS ANNUALLY

Fiscal data as of Dec 31 2015 2015 2014 2013

OPERATIONS
Net income 113 2,516 1,814
Depreciation/depletion 1,539 1,462 1,266
Non-Cash items 1,528 1,689 1,151
Cash taxes paid, supplemental 780 697 1,013
Cash interest paid, supplemental 119 163 186
Changes in working capital (804) (882) (901)
Total cash from operations 2,376 4,785 3,330
INVESTING
Capital expenditures (1819) (697) (710)
Other investing and cash flow items, total (3637) 80 (349)
Total cash from investing (5456) (617) (1059)
FINANCING
Financing cash flow items (162) (182) (139)
Total cash dividends paid (1730) (1753) (1748)
Issuance (retirement) of stock, net -- -- 0
Issuance (retirement) of debt, net 1,834 (1184) (583)
Total cash from financing (58) (3119) (2470)
NET CHANGE IN CASH
Foreign exchange effects (8) (4) 0
Net change in cash (3146) 1,045 (199)
Net cash-begin balance/reserved for future use 3,268 2,223 2,422
Net cash-end balance/reserved for future use 122 3,268 2,223
SUPPLEMENTAL INCOME
Depreciation, supplemental 1,539 1,462 1,266
Cash interest paid, supplemental 119 163 186
Cash taxes paid, supplemental 780 697 1,013

BALANCE SHEET OF WOODSIDE PETROLEUM


FOR THREE YEARS ANNUALLY

Fiscal data as of Dec 31 2015 2015 2014 2013

ASSETS
Cash And Short Term Investments 122 3,268 2,223
Total Receivables, Net 595 478 453
Total Inventory 170 247 192
Prepaid expenses -- -- 22
Other current assets, total 192 49 5.00
Total current assets 1,079 4,042 2,895
Property, plant & equipment, net 21,840 18,881 19,633
Goodwill, net -- -- --
Intangibles, net -- -- --
Long term investments 30 30 4.00
Note receivable - long term 80 63 --
Other long term assets 27 14 38
Total assets 23,839 24,082 23,770
LIABILITIES
Accounts payable 283 286 216
Accrued expenses 151 162 179
Notes payable/short-term debt 0 0 0
Current portion long-term debt/capital leases 78 631 1,187
Other current liabilities, total 792 862 782

Total current liabilities 1,304 1,941 2,364


Total long term debt 4,375 1,967 2,597
Total debt 4,453 2,598 3,784
Deferred income tax 1,390 1,637 1,533
Minority interest 799 783 733
Other liabilities, total 1,745 1,878 1,318
Total liabilities 9,613 8,206 8,545
SHAREHOLDERS EQUITY
Common stock 6,547 6,547 6,547
Additional paid-in capital -- -- --
Retained earnings (accumulated deficit) 6,930 8,608 7,961
Treasury stock - common (27) (38) (42)
Unrealized gain (loss) 0 (14) (14)
Other equity, total 776 773 773
Total equity 14,226 15,876 15,225
Total liabilities & shareholders' equity 23,839 24,082 23,770
Total common shares outstanding 824 824 824
Treasury shares - common primary issue 0 0 0

8.0 ANALYSIS OF FINANCIAL RATIO


8.1 Liquidity Ratio

This ratio measure overall performance of the company because this ratio focus
on the availability of short term such as cash and other liquid asset to pay short
term obligation.

Ratio 2013 2014 2015

Current Ratio, 1.22 2.1 0.83


times
Quick Ratio, 1.14 1.96 0.7
times
Net Working 531,000 2,101,000 225,000
Capital

I. Current ratio
The ratio decreased from year to year from 1.22 to 0.83 times which is indicate
that Woodside company has exactly enough cash to pay off its debt but the
higher current ratio is more better for company can successfully pay off its debt
while at the same times still has cash left over to continue operating.

II. Quick ratio


This ratio also decreased from 1.14 (2013) to 0.7 (2015) which is the higher
quick ratio means less liquid the current position. Quick ratio is to measure
of how well a company can pay off its liability.

III. Net working capital


From year 2013 to 2015 which is from 531,000 to 2,101,000 and keep going up
to 225,000. Woodside Petroleum Ltd has an absolute liquid asset and ability
to meet its short term obligations as it come to due.

8.2 Leverage Ratio


Leverage ratio are used to extent which company uses its debt to finance their
investment. The ratios reveal the ability of the company can meet its payment
interest obligations that may lead them exposed to the financial risk.

Ratio 2013 2014 2015

Debt ratio 0.33 0.31 0.37

Debt equity 0.49 0.41 0.59


ratio

I. Debt ratio
The debt ratio in 2013 was 0.33. Its going down at 2014 with 0.31 and the ratio
keeping decreased to 0.37 at 2015. Higher ratio indicates higher financial risk
and vice versa. This ratio indicates the company has a higher ability to pay
its debt with lower possibility of bankruptcy.

II. Debt equity ratio


The ratio indicates that if the ratio is more than one means that the creditors
provided more funds compare to owners. According to the table, it indicated that
the creditors provided more by $4.10 USD for each $1 USD in year 2014 as
compares to owners. The ratio is increased from year 2014 to 2015 which may
lead us to conclude that the company do finance their business through
debt. This means the company increased raises funds through debt.
8.3 Efficiency Ratio

These ratios are used to measure the efficiency and effectiveness of the
company to manage their assets.

RATIO 2013 2014 2015


Average 27.4 21.6 35
Collection
Period, days
Inventory 17.4 18.4 11.5
Turnover, times
Fixed Asset 0.284 0.371 0.221
Turnover, times
Total Asset 0.791 0.864 0.779
Turnover, times

I. Average Collection Period

Based on the average collection period show a fluctuating flow. Maximum


average collection period is 35 days. If figure continues to rise, it may cause
financial risk to the company.

II. Inventory Turnover

This figure explained that the company ratio high from year 2013 until 2015,
thats means Woodside Petroleum Ltd has a lower the sale.

III. Fixed Asset Turnover

The fixed asset turnover is used to measures a companys ability to generate net
sales from fixed-asset investment. Based on the ratio, a higher fixed asset
turnover ratio show the company has been more effective in using the
investment to generate revenues.

IV. Total Asset Turnover

The total asset turnover is used to measure a companys efficiency at using its
assets in generating sales and revenue. Total asset turnover ratio above show
the ratio is fluctuating thats mean the company has been more effective in
using the investment to generate revenues.
8.4 Profitability Ratio

It relate to the companys ability to increase the profit in satisfying and achieving
the goals and objective of maximizing the shareholder wealth.

RATIO 2013 2014 2015


Operation Profit 6.01% 11.2% 4.71%
Margin
Net Profit 30.6% 33.8% 2.24%
Margin
Return On 11.37% 15.10% 0.75%
Equity
Return On Asset 7.63% 10.45% 0.74%

I. Operation Profit Margin


Based on the ratio above, this company show a decreasing margin. Thats
mean the companys margin is decreasing, it is earning less per Dollar of
sales.

II. Net Profit Margin


This ratio tell us how much of the revenue, or sales, that is generated can be
kept as profit for the company. Based on the figure above, this company also
show a decreasing margin from year 2013 to 2015, but still have a positive
profit margin. The last year 2015 ratio show us the company maybe have too
many expenses to cover up.

III. Return On Equity


Woodside Petroleum Ltd shows that fluctuating graft but still have positive
ratio. Thats mean companies can bring in high profit per dollar will tend to
pay off shareholders in the form of higher dividends.

IV. Return On Asset


A higher percentage of return on asset represents higher profitability of the
company. Table above show Woodside Petroleum Ltd has decreasing on return
on asset. K\does not efficient management is in utilizing its asset base on
the last year 2015 compare to the year 2014 and 2013.
8.5 Market Value Ratio

Analyst use market value ratio to determine whether a share is overvalued or


undervalued.

Ratio 2015 2014 2013


Earnings Per
2.13 2.93 0
Share, USD
Price Earnings
23.6 23.4 20.7
Ratio, times
Dividend Per
1.86 2.55 1.09
Share, USD
Dividend Yield
7% 7.7% 5.3%

I. Earnings Per Share


Woodside Petroleum Ltd show earnings per share ratio are decrease. This refers
the position of a companys profit not allocated to each outstanding share of
common stock. The result of the data not good enough, this cant help
company represent the profit of the company equally split among each
share of the stock.

II. Price Earnings Ratio


Based on the P/E Ratio above, show that has a positive price earnings ratio for
Woodside Petroleum Ltd. If the ratio show a positive result, thats mean
investors are willing to pay for every one USD of earning the company
pulls in.

III. Dividend Per Share


Dividend Per Share is the total dividends paid out over an entire year divided by
the number of outstanding ordinary share issued. The ratios above show that
Woodside Petroleum Ltd has decreasing result from year 2014 to year 2015. That
means Woodside does not have growth dividend per share that can be a
sign that the companys management believes that the growth can be sustained
starting from year 2015.
IV. Dividend Yield
The return on equity is a financial ratio that shows how much a company pays
out in dividends each year relative to its share price. Woodside Petroleum Ltd
show a fluctuating ratio form year 2013 to year 2015. The company can help
investor record the per share USD amount of a companys latest quarterly
declared dividend.