E Q2 2018 Earnings Report — Eni S.p.A. Revenue & Financial Results | Market Cap Arena

Q2 2018 Earnings

Reported June 29, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$21.2B	$21.0B	$18.3B	1.2%	16.0%
Op. Income	$3.1B	$2.8B	$659M	10.0%	368.7%
Gross Margin	15.2%	18.2%	8.6%	-3.0pp	6.6pp
Net Margin	6.9%	5.3%	0.1%	1.6pp	6.8pp
EPS (Diluted)	$0.82	$0.61	$0.01	34.6%	6900.0%
Free Cash Flow	$1.3B	-$415M	$719M	402.8%	74.6%

Revenue Flow

Item	Amount
REVENUE	$21.2B
Cost of Revenue	$18.0B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$828M
SG&A Expenses	$828M
Other Expenses	-$696M
Operating Expenses	$132M
Cost & Expenses	$18.1B
OPERATING INCOME	$3.1B
Interest Income	$1.9B
Interest Expense	$2.0B
Other Income/Expenses	$11M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$2.1B
EBIT	$5.0B
EBITDA	$7.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$21.2B
Cost of Revenue	$18.0B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$828M
SG&A Expenses	$828M
Other Expenses	-$696M
Operating Expenses	$132M
Cost & Expenses	$18.1B
OPERATING INCOME	$3.1B
Interest Income	$1.9B
Interest Expense	$2.0B
Other Income/Expenses	$11M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$2.1B
EBIT	$5.0B
EBITDA	$7.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$2.1B
Stock-Based Compensation	$0
Deferred Income Tax	$1.6B
Other Non-Cash Items	$292M
Change in Working Capital	$466M
OPERATING CASH FLOW	$3.6B
Capital Expenditure	-$2.3B
Acquisitions (Net)	$171M
Purchases of Investments	-$177M
Sales/Maturities of Investments	$64M
Other Investing Activities	$2.4B
NET CASH FROM INVESTING	$208M
Net Debt Issuance	-$100M
Common Stock Repurchased	$0
Common Dividends Paid	-$1.7B
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$1.8B
FREE CASH FLOW	$1.3B
Net Change in Cash	$2.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$8.7B
Short-Term Investments	$7.6B
Net Receivables	$19.1B
Inventory	$5.5B
Other Current Assets	$9.4B
TOTAL CURRENT ASSETS	$50.3B
PP&E (Net)	$69.9B
Goodwill	$1.4B
Intangible Assets	$2.1B
Long-Term Investments	$7.5B
Tax Assets	$4.8B
Other Non-Current Assets	$2.6B
TOTAL NON-CURRENT ASSETS	$88.3B
TOTAL ASSETS	$138.6B
Account Payables	$18.2B
Short-Term Debt	$5.8B
Deferred Revenue	$3.4B
Other Current Liabilities	$10.4B
TOTAL CURRENT LIABILITIES	$35.2B
Long-Term Debt	$22.3B
Deferred Revenue NC	$15.0B
Deferred Tax Liabilities	$5.3B
Other Non-Current Liabilities	$1.7B
TOTAL NON-CURRENT LIABILITIES	$44.3B
TOTAL LIABILITIES	$79.5B
Common Stock	$4.7B
Additional Paid-In Capital	$0
Retained Earnings	$2.6B
Treasury Stock	-$680M
Accum. Other Comp. Income	$52.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$59.0B
Minority Interest	$62M
TOTAL EQUITY	$59.1B
TOTAL LIABILITIES & EQUITY	$138.6B
Total Debt	$28.1B
Net Debt	$19.4B