ExxonMobil Earns $16.2 Billion in 2015; $2.8 Billion During Fourth Quarter
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Focus remains on business fundamentals, including project execution
and cost management
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Downstream and Chemical results highlight strength of integrated
businesses
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Six major Upstream projects contribute to 3.2 percent volume growth
Exxon
Mobil Corporation (NYSE:XOM):
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Fourth Quarter
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Twelve Months
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2015
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2014
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%
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2015
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2014
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%
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Earnings Summary
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(Dollars in millions, except per share data)
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Earnings
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2,780
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6,570
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-58
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16,150
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32,520
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-50
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Earnings Per Common Share
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Assuming Dilution
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0.67
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1.56
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-57
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3.85
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7.60
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-49
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Capital and Exploration
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Expenditures
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7,416
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10,464
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-29
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31,051
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38,537
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-19
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Exxon Mobil Corporation today announced estimated 2015 earnings of
$16.2 billion compared with $32.5 billion a year earlier. Higher
Downstream and Chemical earnings were offset by sharply lower commodity
prices in the Upstream.
“While our financial results reflect the challenging environment, we
remain focused on the business fundamentals, including project execution
and effective cost management,” said Rex W. Tillerson, chairman and
chief executive officer. “The scale and diversity of our cash flows,
along with our financial strength, provide us with the confidence to
invest through the cycle to create long-term shareholder value.”
ExxonMobil completed six major Upstream projects during the year and
achieved its full-year plan to produce 4.1 million oil-equivalent
barrels per day. These new developments in Canada, Indonesia, Norway,
the United States and West Africa added 300,000 oil-equivalent barrels
per day of working interest production capacity.
Fourth quarter earnings were $2.8 billion, or $0.67 per diluted share,
down from $6.6 billion in the fourth quarter of 2014. Lower commodity
prices in the Upstream were partly offset by higher Downstream earnings.
During 2015, the corporation distributed $15.1 billion to shareholders
in the form of dividends and share purchases to reduce shares
outstanding.
Fourth Quarter Highlights
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Earnings of $2.8 billion decreased $3.8 billion, or 58 percent, from
the fourth quarter of 2014.
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Earnings per share, assuming dilution, were $0.67, a decrease of
57 percent.
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Capital and exploration expenditures were $7.4 billion, down
29 percent from the fourth quarter of 2014.
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Oil-equivalent production increased 4.8 percent from the fourth
quarter of 2014, with liquids up 14 percent and natural gas down
5.6 percent.
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Cash flow from operations and asset sales was $5.1 billion, including
proceeds associated with asset sales of $785 million.
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The corporation distributed $3.6 billion to shareholders in the fourth
quarter of 2015, including $500 million in share purchases to reduce
shares outstanding.
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Dividends per share of $0.73 increased 5.8 percent compared with the
fourth quarter of 2014.
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ExxonMobil successfully started the onshore central processing
facility at the Banyu Urip field in Indonesia, which helped production
reach more than 130,000 gross barrels of oil per day in the fourth
quarter. The field is currently ramping up to full capacity and is
expected to produce 450 million gross barrels of oil over its lifetime.
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The company is beginning a production pilot program on the La
Invernada and Bajo del Choique blocks in the Neuquén province of
Argentina. This program includes drilling five wells, as well as
constructing a production facility and gas pipeline.
Fourth Quarter 2015 vs. Fourth Quarter 2014
Upstream earnings were $857 million in the fourth quarter of 2015, down
$4.6 billion from the fourth quarter of 2014. Lower liquids and gas
realizations decreased earnings by $3.7 billion, while volume and mix
effects increased earnings by $100 million, benefiting from new
developments. All other items, including the absence of both the prior
year U.S. deferred income tax effects and recognition of a favorable
arbitration ruling for expropriated Venezuela assets, decreased earnings
by $960 million.
On an oil-equivalent basis, production increased 4.8 percent from the
fourth quarter of 2014. Liquids production totaled 2.5 million barrels
per day, up 299,000 barrels per day. Project ramp-up, work programs and
entitlement effects were partly offset by field decline. Natural gas
production was 10.6 billion cubic feet per day, down 631 million cubic
feet per day from 2014 due to regulatory restrictions in the Netherlands
and field decline, partly offset by entitlement effects.
U.S. Upstream earnings declined $2 billion from the fourth quarter of
2014 to a loss of $538 million in the fourth quarter of 2015. Non-U.S.
Upstream earnings were $1.4 billion, down $2.6 billion from the prior
year.
Downstream earnings were $1.4 billion, up $854 million from the fourth
quarter of 2014. Stronger margins and favorable volume and mix effects
increased earnings by $610 million and $70 million, respectively. All
other items increased earnings by $170 million, including lower
maintenance expenses and favorable foreign exchange and tax effects,
partly offset by unfavorable inventory impacts. Petroleum product sales
of 5.7 million barrels per day were 166,000 barrels per day lower than
the prior year.
Earnings from the U.S. Downstream were $435 million, up $436 million
from the fourth quarter of 2014. Non-U.S. Downstream earnings of
$916 million were $418 million higher than last year.
Chemical earnings of $963 million were $264 million lower than the
fourth quarter of 2014. Margins decreased earnings by $210 million
driven by declining realizations. Volume and mix effects increased
earnings by $170 million. All other items decreased earnings by
$230 million, largely due to unfavorable foreign exchange, tax and
inventory effects. Fourth quarter prime product sales of 6.5 million
metric tons were 765,000 metric tons higher than the prior year's fourth
quarter.
Corporate and financing expenses were $391 million for the fourth
quarter of 2015, compared to $622 million in the fourth quarter of 2014,
with the decrease due mainly to net favorable tax-related impacts.
During the fourth quarter of 2015, ExxonMobil purchased 9.4 million
shares of its common stock for the treasury at a gross cost of
$754 million. These purchases included $500 million to reduce the number
of shares outstanding, with the balance used to acquire shares to offset
dilution in conjunction with the company’s benefit plans and programs.
In the first quarter of 2016, the corporation will continue to acquire
shares to offset dilution in conjunction with its benefit plans and
programs, but does not plan on making purchases to reduce shares
outstanding.
Full Year 2015 Highlights
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Earnings of $16.2 billion decreased 50 percent from $32.5 billion in
2014.
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Earnings per share, assuming dilution, decreased 49 percent to $3.85.
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Capital and exploration expenditures were $31.1 billion, down
19 percent from 2014. The company anticipates further reductions in
2016, with capital and exploration expenditures of $23.2 billion, a
decrease of 25 percent from 2015.
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Oil-equivalent production increased 3.2 percent from 2014, with
liquids up 11 percent and natural gas down 5.7 percent.
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Cash flow from operations and asset sales was $32.7 billion, including
proceeds associated with asset sales of $2.4 billion.
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The corporation distributed $15.1 billion to shareholders in 2015
through dividends and share purchases to reduce shares outstanding.
Full Year 2015 vs. Full Year 2014
Upstream earnings were $7.1 billion, down $20.4 billion from 2014. Lower
realizations decreased earnings by $18.8 billion. Favorable volume and
mix effects increased earnings by $810 million, including contributions
from new developments. All other items decreased earnings by
$2.4 billion, primarily due to lower asset management gains and the
absence of prior year deferred income tax effects.
On an oil-equivalent basis, production of 4.1 million barrels per day
was up 3.2 percent compared to 2014. Liquids production of 2.3 million
barrels per day increased 234,000 barrels per day, with project ramp-up
and entitlement effects partly offset by field decline. Natural gas
production of 10.5 billion cubic feet per day decreased 630 million
cubic feet per day from 2014 as regulatory restrictions in the
Netherlands and field decline were partly offset by project ramp-up,
work programs and entitlement effects.
U.S. Upstream earnings declined $6.3 billion from 2014 to a loss of
$1.1 billion in 2015. Earnings outside the U.S. were $8.2 billion, down
$14.2 billion from the prior year.
Downstream earnings of $6.6 billion increased $3.5 billion from 2014.
Stronger margins increased earnings by $4.1 billion, while volume and
mix effects decreased earnings by $200 million. All other items
decreased earnings by $420 million, reflecting higher maintenance
expense and unfavorable inventory impacts, partly offset by favorable
foreign exchange effects. Petroleum product sales of 5.8 million barrels
per day were 121,000 barrels per day lower than 2014.
U.S. Downstream earnings were $1.9 billion, an increase of $283 million
from 2014. Non-U.S. Downstream earnings were $4.7 billion, up
$3.2 billion from the prior year.
Chemical earnings of $4.4 billion increased $103 million from 2014.
Stronger margins increased earnings by $590 million. Favorable volume
and mix effects increased earnings by $220 million. All other items
decreased earnings by $710 million, reflecting unfavorable foreign
exchange, tax and inventory effects, partly offset by asset management
gains. Prime product sales of 24.7 million metric tons were up
478,000 metric tons from 2014.
Corporate and financing expenses were $1.9 billion in 2015 compared to
$2.4 billion in 2014, with the decrease due mainly to net favorable
tax-related items.
During 2015, ExxonMobil purchased 48 million shares of its common stock
for the treasury at a gross cost of $4 billion. These purchases included
$3 billion to reduce the number of shares outstanding, with the balance
used to acquire shares to offset dilution in conjunction with the
company’s benefit plans and programs.
ExxonMobil will discuss financial and operating results and other
matters during a webcast at 9:30 a.m. Central Time on February 2, 2016.
To listen to the event or access an archived replay, please visit www.exxonmobil.com.
Cautionary Statement
Statements relating to future plans, projections, events or
conditions are forward-looking statements. Actual financial and
operating results, including project plans, costs, timing, and
capacities; capital and exploration expenditures; resource recoveries;
and share purchase levels, could differ materially due to factors
including: changes in oil or gas prices or other market or economic
conditions affecting the oil and gas industry, including the scope and
duration of economic recessions; the outcome of exploration and
development efforts; changes in law or government regulation, including
tax and environmental requirements; the impact of fiscal and commercial
terms; changes in technical or operating conditions; and other factors
discussed under the heading "Factors Affecting Future Results" in the
“Investors” section of our website and in Item 1A of ExxonMobil's 2014
Form 10-K. We assume no duty to update these statements as of any future
date.
Frequently Used Terms
This press release includes cash flow from operations and asset
sales, which is a non-GAAP financial measure. Because of the regular
nature of our asset management and divestment program, we believe it is
useful for investors to consider proceeds associated with the sales of
subsidiaries, property, plant and equipment, and sales and returns of
investments together with cash provided by operating activities when
evaluating cash available for investment in the business and financing
activities. A reconciliation to net cash provided by operating
activities is shown in Attachment II. References to quantities of oil or
natural gas may include amounts that we believe will ultimately be
produced, but that are not yet classified as “proved reserves” under SEC
definitions. Further information on ExxonMobil's frequently used
financial and operating measures and other terms is contained under the
heading "Frequently Used Terms" available through the “Investors”
section of our website at exxonmobil.com.
Reference to Earnings
References to corporate earnings mean net income attributable to
ExxonMobil (U.S. GAAP) from the consolidated income statement. Unless
otherwise indicated, references to earnings, Upstream, Downstream,
Chemical and Corporate and Financing segment earnings, and earnings per
share are ExxonMobil's share after excluding amounts attributable to
noncontrolling interests.
The term “project” as used in this release can refer to a variety of
different activities and does not necessarily have the same meaning as
in any government payment transparency reports.
Exxon Mobil Corporation has numerous affiliates, many with names that
include ExxonMobil, Exxon, Mobil, Esso, and XTO. For convenience and
simplicity, those terms and terms such as Corporation, company, our, we,
and its are sometimes used as abbreviated references to specific
affiliates or affiliate groups. Similarly, ExxonMobil has business
relationships with thousands of customers, suppliers, governments, and
others. For convenience and simplicity, words such as venture, joint
venture, partnership, co-venturer, and partner are used to indicate
business and other relationships involving common activities and
interests, and those words may not indicate precise legal relationships.
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Estimated Key Financial and Operating Data
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Attachment I
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Exxon Mobil Corporation
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Fourth Quarter 2015
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(millions of dollars, unless noted)
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Fourth Quarter
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Twelve Months
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2015
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2014
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2015
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2014
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Earnings / Earnings Per Share
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Total revenues and other income
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59,807
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87,276
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268,882
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411,939
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Total costs and other deductions
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57,179
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78,434
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246,916
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360,309
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Income before income taxes
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2,628
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8,842
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21,966
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51,630
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Income taxes 1
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(202
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)
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2,060
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5,415
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18,015
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Net income including noncontrolling interests
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2,830
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6,782
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16,551
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33,615
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Net income attributable to noncontrolling interests
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50
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212
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401
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1,095
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Net income attributable to ExxonMobil (U.S. GAAP)
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2,780
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6,570
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16,150
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32,520
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Earnings per common share (dollars)
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0.67
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1.56
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3.85
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7.60
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Earnings per common share
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- assuming dilution (dollars)
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0.67
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1.56
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3.85
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7.60
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Other Financial Data
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Dividends on common stock
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Total
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3,054
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2,924
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12,090
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11,568
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Per common share (dollars)
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0.73
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|
|
0.69
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2.88
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2.70
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Millions of common shares outstanding
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At December 31
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4,156
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4,201
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Average - assuming dilution
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4,183
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4,235
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4,196
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4,282
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ExxonMobil share of equity at December 31
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170,811
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174,399
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ExxonMobil share of capital employed at December 31
|
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211,658
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205,852
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|
|
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Income taxes 1
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(202
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)
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2,060
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5,415
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18,015
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Sales-based taxes
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|
5,370
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|
6,536
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|
22,678
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|
29,342
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All other taxes
|
|
7,336
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|
|
8,292
|
|
29,790
|
|
35,515
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Total taxes
|
|
12,504
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|
16,888
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|
57,883
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82,872
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ExxonMobil share of income taxes of
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equity companies
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609
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1,092
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3,011
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5,678
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1 Excludes ExxonMobil share of equity company income
taxes noted above. Including income tax from equity companies,
ExxonMobil's effective tax rate was 13 percent in the fourth
quarter and 34 percent for full-year 2015.
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Attachment II
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Exxon Mobil Corporation
|
Fourth Quarter 2015
|
(millions of dollars)
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|
|
|
|
Fourth Quarter
|
|
Twelve Months
|
|
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2015
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2014
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2015
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2014
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Earnings (U.S. GAAP)
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Upstream
|
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United States
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(538
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)
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1,503
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(1,079
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)
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5,197
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Non-U.S.
|
|
1,395
|
|
|
3,965
|
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|
8,180
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|
|
22,351
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Downstream
|
|
|
|
|
|
|
|
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United States
|
|
435
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|
|
(1
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)
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|
1,901
|
|
|
1,618
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|
Non-U.S.
|
|
916
|
|
|
498
|
|
|
4,656
|
|
|
1,427
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Chemical
|
|
|
|
|
|
|
|
|
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United States
|
|
520
|
|
|
832
|
|
|
2,386
|
|
|
2,804
|
|
|
|
Non-U.S.
|
|
443
|
|
|
395
|
|
|
2,032
|
|
|
1,511
|
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|
Corporate and financing
|
|
(391
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)
|
|
(622
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)
|
|
(1,926
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)
|
|
(2,388
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)
|
|
Net income attributable to ExxonMobil
|
|
2,780
|
|
|
6,570
|
|
|
16,150
|
|
|
32,520
|
|
|
|
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|
|
|
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|
|
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|
|
|
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|
|
|
|
|
|
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Cash flow from operations and asset sales (billions of
dollars)
|
|
|
|
|
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Net cash provided by operating activities
|
|
|
|
|
|
|
|
|
|
(U.S. GAAP)
|
|
4.3
|
|
|
7.5
|
|
|
30.3
|
|
|
45.2
|
|
|
Proceeds associated with asset sales
|
|
0.8
|
|
|
0.2
|
|
|
2.4
|
|
|
4.0
|
|
|
Cash flow from operations and asset sales
|
|
5.1
|
|
|
7.7
|
|
|
32.7
|
|
|
49.2
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
Attachment III
|
|
|
|
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|
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|
|
Exxon Mobil Corporation
|
Fourth Quarter 2015
|
|
|
|
|
|
|
|
Fourth Quarter
|
|
Twelve Months
|
|
|
|
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|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
Net production of crude oil, natural gas
|
|
|
|
|
|
|
|
|
|
liquids, bitumen and synthetic oil,
|
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|
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thousand barrels per day (kbd)
|
|
|
|
|
|
|
|
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|
|
United States
|
|
494
|
|
473
|
|
476
|
|
454
|
|
|
|
Canada / South America
|
|
452
|
|
312
|
|
402
|
|
301
|
|
|
|
Europe
|
|
222
|
|
190
|
|
204
|
|
184
|
|
|
|
Africa
|
|
543
|
|
519
|
|
529
|
|
489
|
|
|
|
Asia
|
|
722
|
|
631
|
|
684
|
|
624
|
|
|
|
Australia / Oceania
|
|
48
|
|
57
|
|
50
|
|
59
|
|
|
|
|
Worldwide
|
|
2,481
|
|
2,182
|
|
2,345
|
|
2,111
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural gas production available for sale,
|
|
|
|
|
|
|
|
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|
million cubic feet per day (mcfd)
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
3,123
|
|
3,371
|
|
3,147
|
|
3,404
|
|
|
|
Canada / South America
|
|
241
|
|
320
|
|
261
|
|
310
|
|
|
|
Europe
|
|
2,504
|
|
3,191
|
|
2,286
|
|
2,816
|
|
|
|
Africa
|
|
4
|
|
2
|
|
5
|
|
4
|
|
|
|
Asia
|
|
4,103
|
|
3,786
|
|
4,139
|
|
4,099
|
|
|
|
Australia / Oceania
|
|
628
|
|
564
|
|
677
|
|
512
|
|
|
|
|
Worldwide
|
|
10,603
|
|
11,234
|
|
10,515
|
|
11,145
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil-equivalent production (koebd)1
|
|
4,248
|
|
4,054
|
|
4,097
|
|
3,969
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Gas converted to oil-equivalent at 6 million cubic feet
= 1 thousand barrels.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attachment IV
|
|
|
|
|
|
|
|
|
|
|
|
|
Exxon Mobil Corporation
|
Fourth Quarter 2015
|
|
|
|
|
|
|
Fourth Quarter
|
|
Twelve Months
|
|
|
|
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
Refinery throughput (kbd)
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
1,649
|
|
1,876
|
|
1,709
|
|
1,809
|
|
|
Canada
|
|
390
|
|
373
|
|
386
|
|
394
|
|
|
Europe
|
|
1,483
|
|
1,438
|
|
1,496
|
|
1,454
|
|
|
Asia Pacific
|
|
679
|
|
470
|
|
647
|
|
628
|
|
|
Other
|
|
194
|
|
192
|
|
194
|
|
191
|
|
|
|
Worldwide
|
|
4,395
|
|
4,349
|
|
4,432
|
|
4,476
|
|
|
|
|
|
|
|
|
|
|
|
|
Petroleum product sales (kbd)
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
2,416
|
|
2,666
|
|
2,521
|
|
2,655
|
|
|
Canada
|
|
472
|
|
489
|
|
488
|
|
496
|
|
|
Europe
|
|
1,530
|
|
1,597
|
|
1,542
|
|
1,555
|
|
|
Asia Pacific
|
|
758
|
|
644
|
|
746
|
|
721
|
|
|
Other
|
|
503
|
|
449
|
|
457
|
|
448
|
|
|
|
Worldwide
|
|
5,679
|
|
5,845
|
|
5,754
|
|
5,875
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gasolines, naphthas
|
|
2,330
|
|
2,486
|
|
2,363
|
|
2,452
|
|
|
Heating oils, kerosene, diesel
|
|
1,921
|
|
1,926
|
|
1,924
|
|
1,912
|
|
|
Aviation fuels
|
|
403
|
|
405
|
|
413
|
|
423
|
|
|
Heavy fuels
|
|
368
|
|
371
|
|
377
|
|
390
|
|
|
Specialty products
|
|
657
|
|
657
|
|
677
|
|
698
|
|
|
|
Worldwide
|
|
5,679
|
|
5,845
|
|
5,754
|
|
5,875
|
|
|
|
|
|
|
|
|
|
|
|
Chemical prime product sales,
|
|
|
|
|
|
|
|
|
|
thousand metric tons (kt)
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
2,565
|
|
2,409
|
|
9,664
|
|
9,528
|
|
|
Non-U.S.
|
|
3,919
|
|
3,310
|
|
15,049
|
|
14,707
|
|
|
|
Worldwide
|
|
6,484
|
|
5,719
|
|
24,713
|
|
24,235
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attachment V
|
|
|
|
|
|
|
|
|
|
|
|
|
Exxon Mobil Corporation
|
Fourth Quarter 2015
|
(millions of dollars)
|
|
|
|
|
|
Fourth Quarter
|
|
Twelve Months
|
|
|
|
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
Capital and Exploration Expenditures
|
|
|
|
|
|
|
|
|
|
|
Upstream
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
1,615
|
|
2,350
|
|
7,822
|
|
9,401
|
|
|
|
Non-U.S.
|
|
4,255
|
|
6,295
|
|
17,585
|
|
23,326
|
|
|
|
Total
|
|
5,870
|
|
8,645
|
|
25,407
|
|
32,727
|
|
|
Downstream
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
236
|
|
422
|
|
1,039
|
|
1,310
|
|
|
|
Non-U.S.
|
|
543
|
|
610
|
|
1,574
|
|
1,724
|
|
|
|
Total
|
|
779
|
|
1,032
|
|
2,613
|
|
3,034
|
|
|
Chemical
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
493
|
|
449
|
|
1,945
|
|
1,690
|
|
|
|
Non-U.S.
|
|
199
|
|
322
|
|
898
|
|
1,051
|
|
|
|
Total
|
|
692
|
|
771
|
|
2,843
|
|
2,741
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
|
75
|
|
16
|
|
188
|
|
35
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Worldwide
|
|
7,416
|
|
10,464
|
|
31,051
|
|
38,537
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exploration expenses charged to income
|
|
|
|
|
|
|
|
|
|
included above
|
|
|
|
|
|
|
|
|
|
|
Consolidated affiliates
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
60
|
|
52
|
|
182
|
|
230
|
|
|
|
Non-U.S.
|
|
459
|
|
484
|
|
1,340
|
|
1,432
|
|
|
Equity companies - ExxonMobil share
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
9
|
|
7
|
|
12
|
|
61
|
|
|
|
Non-U.S.
|
|
3
|
|
49
|
|
36
|
|
241
|
|
|
Worldwide
|
|
531
|
|
592
|
|
1,570
|
|
1,964
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attachment VI
|
|
|
|
|
|
|
|
|
Exxon Mobil Corporation
|
Earnings
|
|
|
|
|
|
|
$ Millions
|
|
$ Per Common Share1
|
|
|
|
|
|
|
|
|
|
2011
|
|
|
|
|
|
First Quarter
|
|
10,650
|
|
2.14
|
|
Second Quarter
|
|
10,680
|
|
2.19
|
|
Third Quarter
|
|
10,330
|
|
2.13
|
|
Fourth Quarter
|
|
9,400
|
|
1.97
|
|
|
|
Year
|
|
41,060
|
|
8.43
|
|
|
|
|
|
|
|
|
|
2012
|
|
|
|
|
|
First Quarter
|
|
9,450
|
|
2.00
|
|
Second Quarter
|
|
15,910
|
|
3.41
|
|
Third Quarter
|
|
9,570
|
|
2.09
|
|
Fourth Quarter
|
|
9,950
|
|
2.20
|
|
|
|
Year
|
|
44,880
|
|
9.70
|
|
|
|
|
|
|
|
2013
|
|
|
|
|
|
First Quarter
|
|
9,500
|
|
2.12
|
|
Second Quarter
|
|
6,860
|
|
1.55
|
|
Third Quarter
|
|
7,870
|
|
1.79
|
|
Fourth Quarter
|
|
8,350
|
|
1.91
|
|
|
|
Year
|
|
32,580
|
|
7.37
|
|
|
|
|
|
|
|
|
|
2014
|
|
|
|
|
|
First Quarter
|
|
9,100
|
|
2.10
|
|
Second Quarter
|
|
8,780
|
|
2.05
|
|
Third Quarter
|
|
8,070
|
|
1.89
|
|
Fourth Quarter
|
|
6,570
|
|
1.56
|
|
|
|
Year
|
|
32,520
|
|
7.60
|
|
|
|
|
|
|
|
|
|
2015
|
|
|
|
|
|
First Quarter
|
|
4,940
|
|
1.17
|
|
Second Quarter
|
|
4,190
|
|
1.00
|
|
Third Quarter
|
|
4,240
|
|
1.01
|
|
Fourth Quarter
|
|
2,780
|
|
0.67
|
|
|
|
Year
|
|
16,150
|
|
3.85
|
|
|
|
|
|
|
|
|
1 Computed using the average number of shares
outstanding during each period.
|
View source version on businesswire.com: http://www.businesswire.com/news/home/20160202005878/en/ Copyright Business Wire 2016
Source: Business Wire
(February 2, 2016 - 8:00 AM EST)
News by QuoteMedia
www.quotemedia.com
|