Cash flow Aramco

Equities

2222

SA14TG012N13

Integrated Oil & Gas

Market Closed - Saudi Arabian S.E. Other stock markets 08:20:01 2024-09-11 EDT			5-day change	1st Jan Change
27.00 ^SAR	-0.74%		-2.35%	-18.18%

09-11	Qualcomm: towards the incubation of startups in Saudi Arabia	CF
09-11	BlackRock Fund Buys Minority Stake in SBPC in Bahrain	MT

478cb0e4987abb42a5b5fbd6964afd.3Ttmj_h13olStAjH6LPDWrRhzUiS_WdKQ3r3TTAPlng.uVo5vLkwhOUd9mCfvMOyK_UtrgXiuxBzOQmnfVdY2SGnVjT5tES4yCPXfw

Published financial data: ARAMCO

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1,237B	862B	1,502B	2,266B	1,856B
Total Revenues	1,237B	862B	1,502B	2,266B	1,856B
Cost of Goods Sold, Total	466B	345B	574B	934B	800B
Gross Profit	771B	517B	928B	1,332B	1,057B
Selling General & Admin Expenses, Total	36.63B	46.63B	59.5B	83.66B	76.73B
Exploration / Drilling Costs, Total	7.29B	7.29B	7.28B	8.45B	9.42B
R&D Expenses	2.15B	2.83B	3.87B	4.42B	5.2B
Depreciation & Amortization - (IS)	50.27B	76.21B	85.52B	91.62B	97.04B
Other Operating Expenses	440M	434M	450M	510M	511M
Other Operating Expenses, Total	96.78B	133B	157B	189B	189B
Operating Income	674B	383B	771B	1,144B	868B
Interest Expense, Total	-4.93B	-9.48B	-10.63B	-6.6B	-5.01B
Interest And Investment Income	6.04B	3.15B	1.77B	9.53B	25.85B
Net Interest Expenses	1.11B	-6.33B	-8.85B	2.94B	20.84B
Income (Loss) On Equity Invest.	-9.46B	-3.55B	7.87B	2.87B	-4B
Other Non Operating Income (Expenses)	-622M	-621M	-967M	302M	-2.32B
EBT, Excl. Unusual Items	665B	373B	770B	1,150B	882B
Merger & Related Restructuring Charges	-15M	-343M	-	-37M	-161M
Gain (Loss) On Sale Of Investments	1.28B	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	3.28B	5.78B
EBT, Incl. Unusual Items	667B	372B	770B	1,153B	888B
Income Tax Expense	336B	189B	357B	549B	433B
Earnings From Continuing Operations	331B	184B	412B	604B	455B
Net Income to Company	331B	184B	412B	604B	455B
Minority Interest	123M	1.16B	-17.19B	-6.79B	-2.01B
Net Income - (IS)	331B	185B	395B	597B	453B
Net Income to Common Incl Extra Items	331B	185B	395B	597B	453B
Net Income to Common Excl. Extra Items	331B	185B	395B	597B	453B
Per Share Items
Net EPS - Basic	1.37	0.76	1.63	2.47	1.87
Basic EPS - Continuing Operations	1.37	0.76	1.63	2.47	1.87
Basic Weighted Average Shares Outstanding	242B	242B	242B	242B	242B
Net EPS - Diluted	1.37	0.76	1.63	2.47	1.87
Diluted EPS - Continuing Operations	1.37	0.76	1.63	2.47	1.87
Diluted Weighted Average Shares Outstanding	242B	242B	242B	242B	242B
Normalized Basic EPS	1.72	0.97	1.92	2.94	2.27
Normalized Diluted EPS	1.72	0.97	1.92	2.94	2.27
Dividend Per Share	0.06	1.16	1.16	1.17	1.69
Payout Ratio	82.94	141.24	71.18	47.1	80.99
Supplemental Items
EBITDA	717B	447B	845B	1,223B	952B
EBITA	676B	385B	774B	1,146B	870B
EBIT	674B	383B	771B	1,144B	868B
EBITDAR	720B	448B	846B	1,224B	953B
Total Revenues (As Reported)	1,237B	862B	1,502B	2,266B	1,856B
Effective Tax Rate - (Ratio)	50.4	50.66	46.41	47.61	48.79
Current Domestic Taxes	320B	174B	339B	513B	410B
Current Foreign Taxes	353M	614M	877M	5.33B	5.07B
Total Current Taxes	320B	174B	339B	518B	415B
Deferred Domestic Taxes	15.26B	16.93B	13.06B	28.09B	19.64B
Deferred Foreign Taxes	451M	-3.19B	2.71B	967M	-2.78B
Total Deferred Taxes	15.72B	13.74B	15.77B	29.06B	16.86B
Normalized Net Income	416B	234B	464B	712B	550B
Interest Capitalized	-	1.32B	3.28B	4.83B	8.2B
Interest on Long-Term Debt	1.79B	3.4B	5.42B	6.56B	10.43B
Non-Cash Pension Expense	-11M	-237M	-484M	-7M	-206M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	2.15B	2.83B	3.87B	4.42B	5.2B
Exploration/Drilling Costs	7.29B	7.29B	7.28B	8.45B	9.42B
Net Rental Expense, Total	3.1B	656M	732M	779M	1.26B
Imputed Operating Lease Interest Expense	883M	159M	156M	157M	391M
Imputed Operating Lease Depreciation	2.21B	497M	576M	622M	874M
Stock-Based Comp., Other (Total)	33M	587M	209M	299M	482M
Total Stock-Based Compensation	33M	587M	209M	299M	482M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	178B	207B	300B	226B	199B
Short Term Investments	45.47B	6.8B	28.59B	282B	186B
Trading Asset Securities, Total	294M	826M	9M	734M	734M
Total Cash And Short Term Investments	223B	215B	328B	509B	385B
Accounts Receivable, Total	130B	114B	182B	219B	213B
Other Receivables	8.91B	12.55B	19.5B	21.63B	22.12B
Notes Receivable	848M	1.08B	1.09B	1.12B	1.32B
Total Receivables	140B	128B	202B	242B	237B
Inventory	42.61B	52B	74.7B	101B	85.95B
Prepaid Expenses	1.64B	3.55B	4.36B	3.49B	4.84B
Other Current Assets, Total	399M	668M	1.68B	3.16B	18.91B
Total Current Assets	408B	399B	611B	858B	732B
Gross Property Plant And Equipment	1,565B	1,862B	1,964B	2,100B	2,252B
Accumulated Depreciation	-583B	-653B	-720B	-797B	-868B
Net Property Plant And Equipment	982B	1,209B	1,244B	1,303B	1,385B
Long-term Investments	39.69B	88.84B	93.72B	98.95B	103B
Goodwill	-	100B	100B	101B	101B
Other Intangibles, Total	30.12B	64.34B	60.48B	58.72B	63.54B
Accounts Receivable Long-Term	440M	966M	925M	918M	1.54B
Loans Receivable Long-Term	10.48B	23.41B	32.04B	27.08B	31.36B
Deferred Tax Assets Long-Term	12.73B	15.28B	14.97B	18.09B	20.56B
Other Long-Term Assets, Total	10.45B	12.88B	4.81B	27.45B	40.03B
Total Assets	1,494B	1,914B	2,163B	2,493B	2,478B
Liabilities
Accounts Payable, Total	60.94B	54.39B	87.07B	97.11B	99.92B
Accrued Expenses, Total	32.02B	47.6B	46.31B	47.2B	55.4B
Short-term Borrowings	12.66B	60.08B	17.35B	10.2B	19.62B
Current Portion of Long-Term Debt	5.13B	29.06B	48.12B	54.97B	31.96B
Current Portion of Leases	7.1B	10.01B	9.08B	9.59B	12.11B
Current Income Taxes Payable	62.24B	42.06B	90.52B	105B	82.54B
Other Current Liabilities	35.48B	-	5.38B	7.33B	16.02B
Total Current Liabilities	216B	243B	304B	331B	318B
Long-Term Debt	117B	393B	398B	275B	181B
Long-Term Leases	33.83B	43.57B	38.11B	43.07B	45.22B
Pension & Other Post Retirement Benefits	21.17B	54.21B	40.73B	26.92B	26.15B
Deferred Tax Liability Non Current	44.47B	53.62B	74.85B	122B	142B
Other Non Current Liabilities	15.98B	25.21B	26.24B	27.78B	28.2B
Total Liabilities	448B	813B	882B	827B	741B
Common Stock, Total	60B	60B	60B	75B	90B
Additional Paid In Capital	26.98B	26.98B	26.98B	26.98B	26.98B
Retained Earnings	950B	901B	1,024B	1,346B	1,417B
Treasury Stock	-3.75B	-3.26B	-2.83B	-2.24B	-1.36B
Comprehensive Income and Other	2.08B	5.86B	4.66B	3.28B	1.51B
Total Common Equity	1,035B	991B	1,113B	1,449B	1,535B
Minority Interest	11.17B	110B	167B	217B	202B
Total Equity	1,046B	1,101B	1,281B	1,666B	1,737B
Total Liabilities And Equity	1,494B	1,914B	2,163B	2,493B	2,478B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	242B	246B	242B	242B	242B
ECS Total Common Shares Outstanding	242B	246B	242B	242B	242B
Book Value / Share	4.28	4.03	4.6	5.99	6.34
Tangible Book Value	1,005B	826B	953B	1,290B	1,370B
Tangible Book Value Per Share	4.16	3.36	3.94	5.33	5.66
Total Debt	176B	536B	511B	393B	290B
Net Debt	-47.88B	321B	183B	-116B	-95.13B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-1.6B	12.17B	-1.38B	-7.48B	-7.78B
Debt Equivalent Oper. Leases	24.78B	5.25B	5.86B	6.23B	10.12B
Minority Interest, Total (Incl. Fin. Div)	11.17B	110B	167B	217B	202B
Equity Method Investments, Total	19.74B	65.98B	69.56B	72.2B	69.47B
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	6.6B	14.73B	16.1B	17.05B	-
Inventories - Finished Goods, Total	36.01B	37.27B	58.6B	83.47B	-
Land - (BS)	-	-	53.1B	55.91B	52.18B
Buildings, Total	-	-	86.41B	91.62B	91.44B
Machinery, Total	82.73B	139B	898B	953B	1,000B
Full Time Employees	79K	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	854M	1.07B	265M	281M	251M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	331B	185B	395B	597B	453B
Depreciation & Amortization - CF	49.14B	72.71B	82.95B	89.17B	94.68B
Amortization of Goodwill and Intangible Assets - (CF)	1.2B	1.76B	2.39B	2.14B	2.19B
Depreciation & Amortization, Total	50.34B	74.47B	85.35B	91.32B	96.87B
Amortization of Deferred Charges, Total - (CF)	368M	437M	483M	359M	302M
(Gain) Loss From Sale Of Asset	-	2.02B	3.97B	3.86B	5.02B
(Gain) Loss on Sale of Investments - (CF)	-1.9B	28M	27M	237M	-347M
Asset Writedown & Restructuring Costs	-	1.74B	140M	452M	377M
(Income) Loss On Equity Investments - (CF)	9.46B	3.55B	-7.87B	-2.87B	4B
Other Operating Activities, Total	340B	203B	391B	554B	415B
Change In Accounts Receivable	727M	22.17B	-55.19B	-22.91B	47M
Change In Inventories	1.87B	15.89B	-23.16B	-26.56B	11.28B
Change In Accounts Payable	3.43B	-16.25B	35.76B	13.74B	9.95B
Change In Income Taxes	-328B	-198B	-293B	-503B	-441B
Change in Other Net Operating Assets	9.71B	-8.5B	-10.57B	-8.34B	-16.22B
Cash from Operations	417B	285B	523B	698B	538B
Capital Expenditure	-123B	-101B	-120B	-141B	-158B
Cash Acquisitions	-	27.52B	-	-	-
Investment in Marketable and Equity Securities, Total	-59.33B	48.54B	-17.7B	-254B	78.25B
Other Investing Activities, Total	5.07B	4.08B	1.6B	6.34B	26.04B
Cash from Investing	-177B	-20.9B	-136B	-389B	-54.02B
Long-Term Debt Issued, Total	51.96B	87.52B	42.21B	9.08B	32.06B
Total Debt Issued	51.96B	87.52B	42.21B	9.08B	32.06B
Long-Term Debt Repaid, Total	-12.9B	-52.99B	-85.71B	-145B	-148B
Total Debt Repaid	-12.9B	-52.99B	-85.71B	-145B	-148B
Issuance of Common Stock	-	-	384M	550M	662M
Repurchase of Common Stock	-3.75B	-	-	-	-
Common Dividends Paid	-274B	-261B	-281B	-281B	-367B
Common & Preferred Stock Dividends Paid	-274B	-261B	-281B	-281B	-367B
Other Financing Activities, Total	-5.75B	-8.22B	29.9B	33.64B	-28.78B
Cash from Financing	-245B	-235B	-295B	-383B	-511B
Net Change in Cash	-5.45B	29.53B	92.35B	-73.53B	-27.07B
Supplemental Items
Cash Interest Paid	5.72B	7.5B	9.53B	9.84B	14.35B
Cash Income Tax Paid (Refund)	437M	427M	808M	2.74B	7.52B
Levered Free Cash Flow	397B	162B	428B	623B	478B
Unlevered Free Cash Flow	400B	168B	435B	627B	482B
Change In Net Working Capital	-50.98B	45.91B	13.82B	38.52B	233M
Net Debt Issued / Repaid	39.06B	34.53B	-43.49B	-136B	-116B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	29.67	14.06	23.65	30.7	21.83
Return on Total Capital	35.85	16.76	28.12	37.12	26.55
Return On Equity %	31.88	17.12	34.63	40.99	26.73
Return on Common Equity	32.25	18.26	37.56	46.62	30.35
Margin Analysis
Gross Profit Margin %	62.36	59.93	61.8	58.78	56.93
SG&A Margin	2.96	5.41	3.96	3.69	4.13
EBITDA Margin %	57.98	51.88	56.29	53.97	51.26
EBITA Margin %	54.63	44.66	51.53	50.55	46.87
EBIT Margin %	54.53	44.46	51.37	50.46	46.75
Income From Continuing Operations Margin %	26.74	21.32	27.46	26.65	24.5
Net Income Margin %	26.75	21.45	26.32	26.35	24.39
Net Avail. For Common Margin %	26.75	21.45	26.32	26.35	24.39
Normalized Net Income Margin	33.64	27.16	30.88	31.41	29.6
Levered Free Cash Flow Margin	32.12	18.81	28.51	27.49	25.77
Unlevered Free Cash Flow Margin	32.37	19.5	28.95	27.67	25.94
Asset Turnover
Asset Turnover	0.87	0.51	0.74	0.97	0.75
Fixed Assets Turnover	1.33	0.79	1.22	1.78	1.38
Receivables Turnover (Average Receivables)	9.06	7.05	10.15	11.31	8.59
Inventory Turnover (Average Inventory)	10.8	7.3	9.06	10.66	8.58
Short Term Liquidity
Current Ratio	1.89	1.64	2.01	2.59	2.3
Quick Ratio	1.68	1.4	1.74	2.26	1.95
Operating Cash Flow to Current Liabilities	1.93	1.17	1.72	2.11	1.69
Days Sales Outstanding (Average Receivables)	40.29	51.9	35.96	32.27	42.5
Days Outstanding Inventory (Average Inventory)	33.79	50.12	40.31	34.24	42.56
Average Days Payable Outstanding	44.18	59.48	43.29