E FY 2023 Earnings Report — Eni S.p.A. Revenue & Financial Results | Market Cap Arena

FY 2023 Earnings

Reported April 5, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$109.6B	—	$154.9B	—	-29.3%
Op. Income	$9.7B	—	$20.5B	—	-52.8%
Gross Margin	13.2%	—	17.2%	—	-4.0pp
Net Margin	5.1%	—	10.5%	—	-5.4pp
EPS (Diluted)	$3.27	—	$9.24	—	-64.6%
Free Cash Flow	$6.9B	—	$11.0B	—	-37.2%

Revenue Flow

Item	Amount
REVENUE	$109.6B
Cost of Revenue	$95.1B
GROSS PROFIT	$14.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3.7B
SG&A Expenses	$3.7B
Other Expenses	$1.2B
Operating Expenses	$4.8B
Cost & Expenses	$99.9B
OPERATING INCOME	$9.7B
Interest Income	$601M
Interest Expense	$1.2B
Other Income/Expenses	$2.3B
INCOME BEFORE TAX	$12.0B
Income Tax Expense	$6.3B
Net Income from Continuing Ops	$5.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.5B
D&A	$8.7B
EBIT	$21.4B
EBITDA	$30.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$109.6B
Cost of Revenue	$95.1B
GROSS PROFIT	$14.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3.7B
SG&A Expenses	$3.7B
Other Expenses	$1.2B
Operating Expenses	$4.8B
Cost & Expenses	$99.9B
OPERATING INCOME	$9.7B
Interest Income	$601M
Interest Expense	$1.2B
Other Income/Expenses	$2.3B
INCOME BEFORE TAX	$12.0B
Income Tax Expense	$6.3B
Net Income from Continuing Ops	$5.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.5B
D&A	$8.7B
EBIT	$21.4B
EBITDA	$30.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$5.7B
Depreciation & Amortization	$9.1B
Stock-Based Compensation	$0
Deferred Income Tax	$6.3B
Other Non-Cash Items	-$5.5B
Change in Working Capital	$2.1B
OPERATING CASH FLOW	$17.7B
Capital Expenditure	-$10.8B
Acquisitions (Net)	-$907M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$55M
Other Investing Activities	$1.7B
NET CASH FROM INVESTING	-$10.9B
Net Debt Issuance	-$827M
Common Stock Repurchased	-$2.1B
Common Dividends Paid	-$3.6B
Other Financing Activities	-$131M
NET CASH FROM FINANCING	-$6.6B
FREE CASH FLOW	$6.9B
Net Change in Cash	$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$11.7B
Short-Term Investments	$7.9B
Net Receivables	$21.2B
Inventory	$7.2B
Other Current Assets	$9.6B
TOTAL CURRENT ASSETS	$57.7B
PP&E (Net)	$71.5B
Goodwill	$3.7B
Intangible Assets	$3.8B
Long-Term Investments	$16.3B
Tax Assets	$5.2B
Other Non-Current Assets	$8.6B
TOTAL NON-CURRENT ASSETS	$109.1B
TOTAL ASSETS	$166.7B
Account Payables	$16.6B
Short-Term Debt	$7.1B
Deferred Revenue	$2.2B
Other Current Liabilities	$7.2B
TOTAL CURRENT LIABILITIES	$45.1B
Long-Term Debt	$25.4B
Deferred Revenue NC	$808M
Deferred Tax Liabilities	$5.5B
Other Non-Current Liabilities	$22.3B
TOTAL NON-CURRENT LIABILITIES	$58.9B
TOTAL LIABILITIES	$104.0B
Common Stock	$4.7B
Additional Paid-In Capital	$0
Retained Earnings	$44.1B
Treasury Stock	-$2.7B
Accum. Other Comp. Income	$16.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$62.2B
Minority Interest	$538M
TOTAL EQUITY	$62.7B
TOTAL LIABILITIES & EQUITY	$166.7B
Total Debt	$38.7B
Net Debt	$27.0B