E FY 2018 Earnings Report — Eni S.p.A. Revenue & Financial Results | Market Cap Arena

FY 2018 Earnings

Reported December 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$88.6B	—	$78.2B	—	13.3%
Op. Income	$11.7B	—	$9.4B	—	24.6%
Gross Margin	17.4%	—	11.8%	—	5.6pp
Net Margin	5.4%	—	5.0%	—	0.4pp
EPS (Diluted)	$2.67	—	$2.20	—	21.3%
Free Cash Flow	$5.3B	—	$1.7B	—	215.3%

Revenue Flow

Item	Amount
REVENUE	$88.6B
Cost of Revenue	$73.2B
GROSS PROFIT	$15.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3.6B
SG&A Expenses	$3.6B
Other Expenses	$159M
Operating Expenses	$3.8B
Cost & Expenses	$77.0B
OPERATING INCOME	$11.7B
Interest Income	$229M
Interest Expense	$1.1B
Other Income/Expenses	$145M
INCOME BEFORE TAX	$11.8B
Income Tax Expense	$7.0B
Net Income from Continuing Ops	$4.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.8B
D&A	$8.2B
EBIT	$17.3B
EBITDA	$25.4B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$88.6B
Cost of Revenue	$73.2B
GROSS PROFIT	$15.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3.6B
SG&A Expenses	$3.6B
Other Expenses	$159M
Operating Expenses	$3.8B
Cost & Expenses	$77.0B
OPERATING INCOME	$11.7B
Interest Income	$229M
Interest Expense	$1.1B
Other Income/Expenses	$145M
INCOME BEFORE TAX	$11.8B
Income Tax Expense	$7.0B
Net Income from Continuing Ops	$4.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.8B
D&A	$8.2B
EBIT	$17.3B
EBITDA	$25.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$4.8B
Depreciation & Amortization	$8.2B
Stock-Based Compensation	$0
Deferred Income Tax	$7.0B
Other Non-Cash Items	-$53M
Change in Working Capital	$1.9B
OPERATING CASH FLOW	$16.0B
Capital Expenditure	-$10.7B
Acquisitions (Net)	-$194M
Purchases of Investments	-$651M
Sales/Maturities of Investments	$299M
Other Investing Activities	$2.4B
NET CASH FROM INVESTING	-$8.8B
Net Debt Issuance	$374M
Common Stock Repurchased	$0
Common Dividends Paid	-$3.5B
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$3.1B
FREE CASH FLOW	$5.3B
Net Change in Cash	$4.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$12.7B
Short-Term Investments	$8.0B
Net Receivables	$17.4B
Inventory	$5.4B
Other Current Assets	$6.0B
TOTAL CURRENT ASSETS	$46.5B
PP&E (Net)	$70.5B
Goodwill	$1.5B
Intangible Assets	$941M
Long-Term Investments	$10.8B
Tax Assets	$4.6B
Other Non-Current Assets	$2.3B
TOTAL NON-CURRENT ASSETS	$91.9B
TOTAL ASSETS	$138.4B
Account Payables	$13.6B
Short-Term Debt	$6.8B
Deferred Revenue	$1.5B
Other Current Liabilities	$11.2B
TOTAL CURRENT LIABILITIES	$33.3B
Long-Term Debt	$23.5B
Deferred Revenue NC	$919M
Deferred Tax Liabilities	$5.0B
Other Non-Current Liabilities	$22.0B
TOTAL NON-CURRENT LIABILITIES	$45.4B
TOTAL LIABILITIES	$78.7B
Common Stock	$4.7B
Additional Paid-In Capital	$0
Retained Earnings	$47.7B
Treasury Stock	-$679M
Accum. Other Comp. Income	$7.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$59.6B
Minority Interest	$67M
TOTAL EQUITY	$59.7B
TOTAL LIABILITIES & EQUITY	$138.4B
Total Debt	$30.2B
Net Debt	$17.6B