E Q4 2016 Earnings Report — Eni S.p.A. Revenue & Financial Results | Market Cap Arena

Q4 2016 Earnings

Reported December 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$18.5B	$15.5B	—	19.8%	—
Op. Income	$1.9B	$225M	—	754.2%	—
Gross Margin	9.5%	7.2%	—	2.3pp	—
Net Margin	2.2%	-4.3%	—	6.4pp	—
EPS (Diluted)	$0.21	$-0.37	—	156.2%	—
Free Cash Flow	$1.2B	-$850M	—	237.5%	—

Revenue Flow

Item	Amount
REVENUE	$18.5B
Cost of Revenue	$16.8B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$868M
SG&A Expenses	$868M
Other Expenses	-$1.0B
Operating Expenses	-$169M
Cost & Expenses	$16.6B
OPERATING INCOME	$1.9B
Interest Income	$2.3B
Interest Expense	$2.3B
Other Income/Expenses	-$707M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$814M
Net Income from Continuing Ops	$399M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$398M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$398M
D&A	$2.3B
EBIT	$3.4B
EBITDA	$5.7B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$18.5B
Cost of Revenue	$16.8B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$868M
SG&A Expenses	$868M
Other Expenses	-$1.0B
Operating Expenses	-$169M
Cost & Expenses	$16.6B
OPERATING INCOME	$1.9B
Interest Income	$2.3B
Interest Expense	$2.3B
Other Income/Expenses	-$707M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$814M
Net Income from Continuing Ops	$399M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$398M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$398M
D&A	$2.3B
EBIT	$3.4B
EBITDA	$5.7B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$399M
Depreciation & Amortization	$2.3B
Stock-Based Compensation	$0
Deferred Income Tax	$814M
Other Non-Cash Items	$164M
Change in Working Capital	$1.7B
OPERATING CASH FLOW	$3.8B
Capital Expenditure	-$2.6B
Acquisitions (Net)	-$68M
Purchases of Investments	-$69M
Sales/Maturities of Investments	$35M
Other Investing Activities	$902M
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	$151M
Common Stock Repurchased	$0
Common Dividends Paid	-$39M
Other Financing Activities	-$1.1B
NET CASH FROM FINANCING	-$973M
FREE CASH FLOW	$1.2B
Net Change in Cash	$1.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.6B
Short-Term Investments	$7.5B
Net Receivables	$13.2B
Inventory	$5.4B
Other Current Assets	$11.3B
TOTAL CURRENT ASSETS	$44.5B
PP&E (Net)	$82.9B
Goodwill	$1.5B
Intangible Assets	$2.3B
Long-Term Investments	$7.2B
Tax Assets	$4.4B
Other Non-Current Assets	$3.0B
TOTAL NON-CURRENT ASSETS	$101.4B
TOTAL ASSETS	$145.8B
Account Payables	$15.3B
Short-Term Debt	$7.8B
Deferred Revenue	$616M
Other Current Liabilities	$4.3B
TOTAL CURRENT LIABILITIES	$32.4B
Long-Term Debt	$24.1B
Deferred Revenue NC	$310M
Deferred Tax Liabilities	$7.8B
Other Non-Current Liabilities	$27.2B
TOTAL NON-CURRENT LIABILITIES	$51.2B
TOTAL LIABILITIES	$83.7B
Common Stock	$4.7B
Additional Paid-In Capital	$0
Retained Earnings	-$1.7B
Treasury Stock	-$680M
Accum. Other Comp. Income	$59.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$62.1B
Minority Interest	$57M
TOTAL EQUITY	$62.2B
TOTAL LIABILITIES & EQUITY	$145.8B
Total Debt	$31.9B
Net Debt	$25.3B