Hess 2014 Annual Report Download - page 37

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22 22
Item 6. Selected Financial Data
The following is a five-year summary of selected financial data that should be read in conjunction with the Corporation’s
consolidated financial statements and the accompanying notes and Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations included elsewhere in this Annual Report:
2014 2013 2012 2011 2010
(In millions, except per share amounts)
Sales and other operating revenues
Crude oil and natural gas liquids ................................................ $ 9,455 $ 10,455 $ 10,802 $ 9,224 $ 7,660
Natural gas .................................................................................. 1,247 1,394 1,394 1,362 1,373
Other operating revenues ............................................................ 35 56 49 61 90
Total ....................................................................................... $ 10,737 $ 11,905 $ 12,245 $ 10,647 $ 9,123
.
Income from continuing operations ................................................ $ 1,692 $ 4,036 $ 1,808 $ 1,570 $ 1,946
Income from discontinued operations ............................................. 682 1,186 255 106 192
N
et income ..................................................................................... $ 2,374 $ 5,222 $ 2,063 $ 1,676 $ 2,138
Less: Net income (loss) attributable to noncontrolling
interests* ..................................................................................... 57 170 38 (27) 13
N
et income attributable to Hess Corporation ................................. $ 2,317(a)$ 5,052(b)$ 2,025(c) $ 1,703(d)$ 2,125(e)
N
et income attributable to Hess Corporation per share:
Basic:
Continuing operations ................................................................. $ 5.57 $ 11.47 $ 5.29 $ 4.60 $ 5.92
Discontinued operations ............................................................. 2.06 3.54 0.69 0.45 0.60
N
et income per share ...................................................................... $ 7.63 $ 15.01 $ 5.98 $ 5.05 $ 6.52
Diluted:
Continuing operations ................................................................ $ 5.50 $ 11.33 $ 5.26 $ 4.56 $ 5.88
Discontinued operations ............................................................ 2.03 3.49 0.69 0.45 0.59
N
et income per share ...................................................................... $ 7.53 $ 14.82 $ 5.95 $ 5.01 $ 6.47
Total assets .................................................................................... $ 38,578 $ 42,754 $ 43,441 $ 39,136 $ 35,396
Total debt ....................................................................................... $ 5,987 $ 5,798 $ 8,111 $ 6,057 $ 5,583
Total equity .................................................................................... $ 22,320 $ 24,784 $ 21,203 $ 18,592 $ 16,809
Dividends per share of common stock ........................................... $ 1.00 $ 0.70 $ 0.40 $ 0.40 $ 0.40
* Includes noncontrolling interests associated with both continuing and discontinued operations.
(a) Includes after-tax income of $1,589 million relating to net gains on asset sales and income from the partial liquidation of last-in, first-out (LIFO) inventories,
partially offset by after-tax charges totaling $580 million for dry hole expenses, charges associated with termination of lease contracts, severance and other exit
costs, income tax restructuring charges and other charges.
(b) Includes after-tax income of $4,060 million relating to net gains on asset sales, Denmark’s enacted changes to the hydrocarbon income tax law and income from
the partial liquidation of LIFO inventories, partially offset by after-tax charges totaling $900 million for asset impairments, dry hole expenses, severance and other
exit costs, income tax charges, refinery shutdown costs, and other charges.
(c) Includes after-tax income of $661 million relating to gains on asset sales and income from the partial liquidation of LIFO inventories, partially offset by after-tax
charges totaling $634 million for asset impairments, dry hole expenses, income taxes and other charges.
(d) Includes after-tax charges totaling $694 million relating to the shutdown of the HOVENSA L.L.C. (HOVENSA) refinery, asset impairments and an increase in the
United Kingdom supplementary tax rate, partially offset by after-tax income of $413 million relating to gains on asset sales.
(e) Includes after-tax income of $1,130 million relating to gains on asset sales, partially offset by after-tax charges totaling $694 million for an asset impairment, an
impairment of the Corporation’s equity investment in HOVENSA, dry hole expenses and premiums on repurchases of fixed-rate public notes.