Income Statement Imperial Oil Limited

Equities

IMO

CA4530384086

Oil & Gas Refining and Marketing

Market Closed - Toronto S.E. Other stock markets 16:28:25 2025-02-13 EST			5-day change	1st Jan Change
99.67 ^CAD	-0.98%		+4.45%	+12.51%

02-13	Imperial Oil Names John Whelan to Succeed Chairman, CEO Brad Corson	DJ
02-13	Imperial Oil Names John Whelan as CEO, Succeeding Brad Corson	MT

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Published financial data: IMPERIAL OIL LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	34B	22.28B	37.51B	59.41B	50.7B
Total Revenues	34B	22.28B	37.51B	59.41B	50.7B
Cost of Goods Sold, Total	29.27B	20.56B	31.42B	47.32B	41.68B
Gross Profit	4.73B	1.72B	6.09B	12.09B	9.02B
Selling General & Admin Expenses, Total	1.04B	862M	826M	899M	939M
Exploration / Drilling Costs, Total	47M	13M	32M	5M	5M
Depreciation & Amortization - (IS)	1.6B	1.74B	1.98B	1.9B	1.91B
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses, Total	2.69B	2.62B	2.84B	2.8B	2.85B
Operating Income	2.04B	-897M	3.26B	9.29B	6.17B
Interest Expense, Total	-93M	-64M	-54M	-60M	-69M
Interest And Investment Income	53M	69M	33M	99M	194M
Net Interest Expenses	-40M	5M	-21M	39M	125M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	2B	-892M	3.23B	9.33B	6.3B
Impairment of Goodwill	-	-20M	-	-	-
Gain (Loss) On Sale Of Assets	46M	35M	49M	158M	73M
Asset Writedown	-	-1.53B	-	-	-
EBT, Incl. Unusual Items	2.05B	-2.41B	3.28B	9.48B	6.37B
Income Tax Expense	-154M	-551M	804M	2.14B	1.48B
Earnings From Continuing Operations	2.2B	-1.86B	2.48B	7.34B	4.89B
Net Income to Company	2.2B	-1.86B	2.48B	7.34B	4.89B
Net Income - (IS)	2.2B	-1.86B	2.48B	7.34B	4.89B
Net Income to Common Incl Extra Items	2.2B	-1.86B	2.48B	7.34B	4.89B
Net Income to Common Excl. Extra Items	2.2B	-1.86B	2.48B	7.34B	4.89B
Per Share Items
Net EPS - Basic	2.88	-2.53	3.48	11.47	8.51
Basic EPS - Continuing Operations	2.88	-2.53	3.48	11.47	8.51
Basic Weighted Average Shares Outstanding	763M	735M	712M	640M	575M
Net EPS - Diluted	2.88	-2.53	3.48	11.44	8.49
Diluted EPS - Continuing Operations	2.88	-2.53	3.48	11.44	8.49
Diluted Weighted Average Shares Outstanding	765M	735M	713M	642M	576M
Normalized Basic EPS	1.64	-0.76	2.84	9.1	6.85
Normalized Diluted EPS	1.63	-0.76	2.83	9.09	6.83
Dividend Per Share	0.85	0.88	1.03	1.46	1.94
Payout Ratio	28.68	-34.95	28.48	11.59	22.56
Supplemental Items
EBITDA	3.64B	865M	5.23B	11.18B	8.08B
EBITA	2.04B	-897M	3.26B	9.29B	6.17B
EBIT	2.04B	-897M	3.26B	9.29B	6.17B
EBITDAR	3.86B	1.06B	5.37B	11.34B	8.22B
Total Revenues (As Reported)	34.1B	22.39B	37.59B	59.67B	50.97B
Effective Tax Rate - (Ratio)	-7.53	22.88	24.49	22.61	23.24
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	140M	-27M	711M	2.23B	1.56B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-294M	-524M	93M	-84M	-76M
Normalized Net Income	1.25B	-558M	2.02B	5.83B	3.94B
Interest Capitalized	48M	41M	24M	57M	141M
Interest on Long-Term Debt	40M	38M	33M	30M	29M
Non-Cash Pension Expense	124M	84M	4M	-16M	63M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	133M	105M	89M	74M	84M
Exploration/Drilling Costs	47M	13M	32M	5M	5M
Net Rental Expense, Total	227M	197M	142M	159M	144M
Imputed Operating Lease Interest Expense	48M	30.53M	16.41M	30.28M	55.38M
Imputed Operating Lease Depreciation	179M	166M	126M	129M	88.62M
Stock-Based Comp., SG&A Exp. (Total)	34M	-2M	-	-	-
Stock-Based Comp., Other (Total)	-	-	96M	113M	52M
Total Stock-Based Compensation	34M	-2M	96M	113M	52M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.72B	771M	2.15B	3.75B	864M
Total Cash And Short Term Investments	1.72B	771M	2.15B	3.75B	864M
Accounts Receivable, Total	2.7B	1.92B	3.87B	4.72B	4.48B
Total Receivables	2.7B	1.92B	3.87B	4.72B	4.48B
Inventory	1.91B	1.83B	1.79B	2.27B	2.95B
Deferred Tax Assets Current	-	-	-	-	-
Total Current Assets	6.33B	4.52B	7.81B	10.74B	8.3B
Gross Property Plant And Equipment	55.13B	55.96B	57.01B	54.81B	56.4B
Accumulated Depreciation	-20.66B	-23.74B	-25.52B	-24.06B	-25.36B
Net Property Plant And Equipment	34.46B	32.22B	31.48B	30.75B	31.03B
Long-term Investments	891M	781M	757M	893M	1.06B
Goodwill	186M	166M	166M	166M	166M
Other Intangibles, Total	-	-	-	-	-
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	318M	338M	561M	978M	642M
Total Assets	42.19B	38.03B	40.78B	43.52B	41.2B
Liabilities
Accounts Payable, Total	3.55B	2.55B	4.51B	5.46B	4.67B
Accrued Expenses, Total	455M	402M	471M	521M	517M
Short-term Borrowings	211M	211M	100M	100M	100M
Current Portion of Leases	148M	113M	124M	122M	108M
Current Income Taxes Payable	106M	-	248M	2.58B	251M
Other Current Liabilities	124M	100M	102M	116M	961M
Total Current Liabilities	4.6B	3.38B	5.55B	8.9B	6.6B
Long-Term Debt	4.45B	4.45B	4.45B	3.45B	3.45B
Long-Term Leases	657M	605M	754M	737M	675M
Pension & Other Post Retirement Benefits	1.82B	2.1B	1.36B	902M	954M
Deferred Tax Liability Non Current	4.72B	4.18B	4.54B	4.71B	4.51B
Other Non Current Liabilities	1.67B	1.9B	2.39B	2.41B	2.79B
Total Liabilities	17.91B	16.61B	19.05B	21.11B	18.98B
Common Stock, Total	1.38B	1.36B	1.25B	1.08B	992M
Retained Earnings	24.81B	22.05B	21.66B	21.85B	21.91B
Comprehensive Income and Other	-1.91B	-1.99B	-1.18B	-512M	-677M
Total Common Equity	24.28B	21.42B	21.74B	22.41B	22.22B
Total Equity	24.28B	21.42B	21.74B	22.41B	22.22B
Total Liabilities And Equity	42.19B	38.03B	40.78B	43.52B	41.2B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	739M	734M	669M	584M	536M
ECS Total Common Shares Outstanding	744M	734M	678M	584M	536M
Book Value / Share	32.63	29.18	32.05	38.37	41.47
Tangible Book Value	24.09B	21.25B	21.57B	22.25B	22.06B
Tangible Book Value Per Share	32.38	28.95	31.81	38.08	41.16
Total Debt	5.46B	5.38B	5.42B	4.41B	4.33B
Net Debt	3.74B	4.6B	3.27B	657M	3.47B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.19B	1.29B	410M	-167M	100M
Debt Equivalent Oper. Leases	1.82B	1.58B	1.14B	1.27B	1.15B
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-1.2B	-800M	-1.8B	-2B	-2.2B
Inventories - Raw Materials, Total	616M	673M	689M	754M	1.01B
Inventories - Finished Goods, Total	1.22B	1.09B	1.06B	1.36B	1.62B
Inventories - Others	72M	73M	45M	158M	320M
Full Time Employees	6K	5.8K	5.4K	5.3K	5.3K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.2B	-1.86B	2.48B	7.34B	4.89B
Depreciation & Amortization - CF	1.6B	1.76B	1.98B	1.9B	1.91B
Depreciation & Amortization, Total	1.6B	1.76B	1.98B	1.9B	1.91B
(Gain) Loss From Sale Of Asset	-46M	-35M	-49M	-158M	-73M
Asset Writedown & Restructuring Costs	-	1.53B	-	-	-
Other Operating Activities, Total	-130M	-268M	706M	-82M	-288M
Change In Accounts Receivable	-170M	780M	-1.95B	-862M	237M
Change In Inventories	-74M	78M	45M	-477M	-688M
Change In Accounts Payable	1.01B	-1.09B	2.02B	948M	81M
Change In Income Taxes	41M	-106M	248M	1.88B	-2.33B
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	4.43B	798M	5.48B	10.48B	3.73B
Capital Expenditure	-1.64B	-868M	-1.11B	-1.53B	-1.78B
Sale of Property, Plant, and Equipment	82M	82M	81M	904M	86M
Investment in Marketable and Equity Securities, Total	-	-	-	-6M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-150M	-16M	15M	10M	5M
Cash from Investing	-1.7B	-802M	-1.01B	-618M	-1.69B
Short Term Debt Issued, Total	36M	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	36M	-	-	-	-
Short Term Debt Repaid, Total	-	-	-111M	-	-
Long-Term Debt Repaid, Total	-27M	-20M	-20M	-1.02B	-22M
Total Debt Repaid	-27M	-20M	-131M	-1.02B	-22M
Repurchase of Common Stock	-1.37B	-274M	-2.24B	-6.4B	-3.8B
Common Dividends Paid	-631M	-649M	-706M	-851M	-1.1B
Common & Preferred Stock Dividends Paid	-631M	-649M	-706M	-851M	-1.1B
Cash from Financing	-2B	-943M	-3.08B	-8.27B	-4.92B
Net Change in Cash	730M	-947M	1.38B	1.6B	-2.88B
Supplemental Items
Cash Interest Paid	91M	62M	43M	60M	69M
Cash Income Tax Paid (Refund)	-145M	42M	-58M	374M	4.15B
Levered Free Cash Flow	1.48B	-30.62M	3.33B	8.27B	1.26B
Unlevered Free Cash Flow	1.54B	9.38M	3.37B	8.31B	1.3B
Change In Net Working Capital	-266M	322M	-367M	-2.02B	2.73B
Net Debt Issued / Repaid	9M	-20M	-131M	-1.02B	-22M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.05	-1.4	5.16	13.77	9.1
Return on Total Capital	4.29	-1.98	7.54	21.51	14.45
Return On Equity %	9.02	-8.13	11.49	33.25	21.91
Return on Common Equity	9.02	-8.13	11.49	33.25	21.91
Margin Analysis
Gross Profit Margin %	13.9	7.72	16.24	20.35	17.79
SG&A Margin	3.07	3.87	2.2	1.51	1.85
EBITDA Margin %	10.7	3.88	13.95	18.82	15.93
EBITA Margin %	6	-4.03	8.68	15.63	12.17
EBIT Margin %	6	-4.03	8.68	15.63	12.17
Income From Continuing Operations Margin %	6.47	-8.33	6.61	12.35	9.64
Net Income Margin %	6.47	-8.33	6.61	12.35	9.64
Net Avail. For Common Margin %	6.47	-8.33	6.61	12.35	9.64
Normalized Net Income Margin	3.68	-2.5	5.39	9.81	7.76
Levered Free Cash Flow Margin	4.35	-0.14	8.89	13.92	2.48
Unlevered Free Cash Flow Margin	4.52	0.04	8.98	13.98	2.57
Asset Turnover
Asset Turnover	0.81	0.56	0.95	1.41	1.2
Fixed Assets Turnover	0.99	0.67	1.18	1.91	1.64
Receivables Turnover (Average Receivables)	13.01	9.65	12.96	13.84	11.02
Inventory Turnover (Average Inventory)	15.61	10.98	17.33	23.32	15.97
Short Term Liquidity
Current Ratio	1.38	1.34	1.41	1.21	1.26
Quick Ratio	0.96	0.8	1.08	0.95	0.81
Operating Cash Flow to Current Liabilities	0.96	0.24	0.99	1.18	0.57
Days Sales Outstanding (Average Receivables)	28.06	37.92	28.16	26.38	33.12
Days Outstanding Inventory (Average Inventory)	23.38	33.34	21.06	15.65	22.86
Average Days Payable Outstanding	41.2	54.54	41.08	38.05	43.61
Cash Conversion Cycle (Average Days)	10.23	16.72	8.14	3.98	12.37
Long Term Solvency
Total Debt/Equity	22.5	25.1	24.96	19.66	19.49
Total Debt / Total Capital	18.37	20.06	19.97	16.43	16.31
LT Debt/Equity	21.02	23.59	23.93	18.67	18.55
Long-Term Debt / Total Capital	17.16	18.85	19.15	15.6	15.52
Total Liabilities / Total Assets	42.46	43.68	46.7	48.5	46.06
EBIT / Interest Expense	21.94	-14.02	60.28	154.78	89.43
EBITDA / Interest Expense	41.56	16.59	99.52	189.05	119.16
(EBITDA - Capex) / Interest Expense	23.97	3.03	79	163.62	93.29
Total Debt / EBITDA	1.41	5.06	1.01	0.39	0.53
Net Debt / EBITDA	0.97	4.34	0.61	0.06	0.42
Total Debt / (EBITDA - Capex)	2.45	27.71	1.27	0.45	0.67
Net Debt / (EBITDA - Capex)	1.68	23.74	0.77	0.07	0.54
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.75	-34.46	68.32	58.4	-14.66
Gross Profit, 1 Yr. Growth %	-16.1	-63.62	254.07	98.49	-25.36
EBITDA, 1 Yr. Growth %	-20.93	-76.22	504.86	113.76	-27.77
EBITA, 1 Yr. Growth %	-34.02	-143.97	-462.88	185.31	-33.55
EBIT, 1 Yr. Growth %	-34.02	-143.97	-462.88	185.31	-33.55
Earnings From Cont. Operations, 1 Yr. Growth %	-4.93	-184.41	-233.49	196.09	-33.39
Net Income, 1 Yr. Growth %	-4.93	-184.41	-233.49	196.09	-33.39
Normalized Net Income, 1 Yr. Growth %	-34.75	-144.6	-462.56	188.37	-32.49
Diluted EPS Before Extra, 1 Yr. Growth %	0.7	-187.85	-237.55	228.74	-25.79
Accounts Receivable, 1 Yr. Growth %	6.72	-28.9	101.62	21.97	-5.02
Inventory, 1 Yr. Growth %	4.03	-4.08	-2.34	26.63	30.16
Net Property, Plant and Equip., 1 Yr. Growth %	0.7	-6.5	-2.29	-2.33	0.91
Total Assets, 1 Yr. Growth %