E Q1 2019 Earnings Report — Eni S.p.A. Revenue & Financial Results | Market Cap Arena

Q1 2019 Earnings

Reported March 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$21.7B	—	$21.0B	—	3.4%
Op. Income	$2.9B	—	$2.8B	—	5.0%
Gross Margin	17.6%	—	18.2%	—	-0.6pp
Net Margin	5.9%	—	5.3%	—	0.6pp
EPS (Diluted)	$0.70	—	$0.61	—	15.4%
Free Cash Flow	-$166M	—	-$414M	—	59.9%

Revenue Flow

Item	Amount
REVENUE	$21.7B
Cost of Revenue	$17.9B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$905M
SG&A Expenses	$905M
Other Expenses	-$41M
Operating Expenses	$864M
Cost & Expenses	$18.7B
OPERATING INCOME	$2.9B
Interest Income	$1.5B
Interest Expense	$1.8B
Other Income/Expenses	-$163M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$2.2B
EBIT	$4.5B
EBITDA	$6.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$21.7B
Cost of Revenue	$17.9B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$905M
SG&A Expenses	$905M
Other Expenses	-$41M
Operating Expenses	$864M
Cost & Expenses	$18.7B
OPERATING INCOME	$2.9B
Interest Income	$1.5B
Interest Expense	$1.8B
Other Income/Expenses	-$163M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$2.2B
EBIT	$4.5B
EBITDA	$6.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$2.2B
Stock-Based Compensation	$0
Deferred Income Tax	$1.5B
Other Non-Cash Items	$309M
Change in Working Capital	-$1.9B
OPERATING CASH FLOW	$2.5B
Capital Expenditure	-$2.6B
Acquisitions (Net)	-$63M
Purchases of Investments	-$141M
Sales/Maturities of Investments	$19M
Other Investing Activities	$161M
NET CASH FROM INVESTING	-$2.6B
Net Debt Issuance	-$514M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$514M
FREE CASH FLOW	-$166M
Net Change in Cash	-$696M

Balance Sheet

Item	Amount
Cash & Equivalents	$12.0B
Short-Term Investments	$8.2B
Net Receivables	$20.7B
Inventory	$5.4B
Other Current Assets	$3.0B
TOTAL CURRENT ASSETS	$49.6B
PP&E (Net)	$78.8B
Goodwill	$0
Intangible Assets	$3.7B
Long-Term Investments	$9.9B
Tax Assets	$4.7B
Other Non-Current Assets	$2.7B
TOTAL NON-CURRENT ASSETS	$99.8B
TOTAL ASSETS	$149.4B
Account Payables	$14.1B
Short-Term Debt	$7.8B
Deferred Revenue	$3.6B
Other Current Liabilities	$8.6B
TOTAL CURRENT LIABILITIES	$37.5B
Long-Term Debt	$22.4B
Deferred Revenue NC	$15.3B
Deferred Tax Liabilities	$5.0B
Other Non-Current Liabilities	$1.7B
TOTAL NON-CURRENT LIABILITIES	$50.2B
TOTAL LIABILITIES	$87.7B
Common Stock	$4.7B
Additional Paid-In Capital	$0
Retained Earnings	$46.9B
Treasury Stock	-$679M
Accum. Other Comp. Income	$10.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$61.6B
Minority Interest	$70M
TOTAL EQUITY	$61.7B
TOTAL LIABILITIES & EQUITY	$149.4B
Total Debt	$37.0B
Net Debt	$25.0B