Cash flow Equinor ASA

Equities

EQNR

NO0010096985

Integrated Oil & Gas

Real-time Oslo Bors Other stock markets 08:51:54 2025-01-23 am EST			5-day change	1st Jan Change
276.90 ^NOK	+1.45%		-2.86%	+4.30%

Jan. 21	European Equities Traded in the US as American Depositary Receipts Rise Tuesday	MT
Jan. 21	Orsted: Heavy depreciation

436478c727fe48.DSAfiM2ACyv92s3YIBuYdUrqRyv2MQ9LZVnkvMJTCms.Q0RM5oXXM0qZrZy3FHH2BCaCcB2kW2EYXHSG0fcbXl08RWXjhchJHbWwpg

Published financial data: EQUINOR ASA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	62.91B	45.75B	88.74B	149B	107B
Other Revenues, Total	-	-	-	-	-
Total Revenues	62.91B	45.75B	88.74B	149B	107B
Cost of Goods Sold, Total	39.19B	29.82B	43.76B	63.41B	58.76B
Gross Profit	23.72B	15.94B	44.99B	85.59B	48.09B
Selling General & Admin Expenses, Total	927M	792M	912M	975M	1.35B
Exploration / Drilling Costs, Total	1.08B	977M	833M	863M	848M
Depreciation & Amortization - (IS)	9.77B	9.52B	10.43B	9.73B	9.37B
Impairment of Oil, Gas & Mineral Properties - (IS)	777M	2.51B	171M	342M	-53M
Other Operating Expenses	456M	412M	453M	449M	538M
Other Operating Expenses, Total	13B	14.2B	12.8B	12.36B	12.05B
Operating Income	10.71B	1.73B	32.19B	73.23B	36.04B
Interest Expense, Total	-733M	-776M	-655M	-824M	-927M
Interest And Investment Income	358M	186M	103M	1.11B	2.26B
Net Interest Expenses	-375M	-590M	-552M	282M	1.33B
Income (Loss) On Equity Invest.	164M	53M	259M	620M	-1M
Currency Exchange Gains (Loss)	224M	-646M	47M	2.09B	852M
Other Non Operating Income (Expenses)	529M	425M	-659M	-1.3B	481M
EBT, Excl. Unusual Items	11.26B	976M	31.28B	74.92B	38.7B
Impairment of Goodwill	-164M	-42M	-1M	-3M	-
Gain (Loss) On Sale Of Investments	245M	473M	-68M	-307M	123M
Gain (Loss) On Sale Of Assets	1.23B	12M	1.27B	655M	319M
Asset Writedown	-3.27B	-5.68B	-1.29B	3.34B	-1.26B
Insurance Settlements	-	-	392M	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	9.29B	-4.26B	31.58B	78.6B	37.88B
Income Tax Expense	7.44B	1.24B	23.01B	49.86B	25.98B
Earnings From Continuing Operations	1.85B	-5.5B	8.58B	28.74B	11.9B
Net Income to Company	1.85B	-5.5B	8.58B	28.74B	11.9B
Minority Interest	-8M	-14M	-14M	3M	-19M
Net Income - (IS)	1.84B	-5.51B	8.56B	28.75B	11.88B
Net Income to Common Incl Extra Items	1.84B	-5.51B	8.56B	28.75B	11.88B
Net Income to Common Excl. Extra Items	1.84B	-5.51B	8.56B	28.75B	11.88B
Per Share Items
Net EPS - Basic	0.55	-1.69	2.64	9.06	3.93
Basic EPS - Continuing Operations	0.55	-1.69	2.64	9.06	3.93
Basic Weighted Average Shares Outstanding	3.33B	3.27B	3.24B	3.17B	3.02B
Net EPS - Diluted	0.55	-1.69	2.63	9.03	3.93
Diluted EPS - Continuing Operations	0.55	-1.69	2.63	9.03	3.93
Diluted Weighted Average Shares Outstanding	3.33B	3.27B	3.25B	3.18B	3.03B
Normalized Basic EPS	2.11	0.18	6.02	14.75	8
Normalized Diluted EPS	2.11	0.18	6	14.71	7.98
Dividend Per Share	1.05	0.41	0.71	0.9	1.25
Payout Ratio	181.33	-42.29	20.99	8.69	28.04
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	20.55B	12.89B	41.86B	82.33B	44.28B
EBITA	10.77B	1.77B	32.21B	73.23B	36.04B
EBIT	10.71B	1.73B	32.19B	73.23B	36.04B
EBITDAR	20.98B	13.23B	42.02B	82.62B	-
Total Revenues (As Reported)	64.36B	45.82B	90.92B	151B	107B
Effective Tax Rate - (Ratio)	80.08	-29.04	72.84	63.43	68.58
Total Current Taxes	7.82B	802M	21.3B	52.24B	24.15B
Total Deferred Taxes	-381M	435M	1.71B	-2.38B	1.83B
Normalized Net Income	7.03B	596M	19.54B	46.83B	24.17B
Interest Capitalized	480M	308M	334M	382M	468M
Interest on Long-Term Debt	126M	104M	93M	90M	138M
Non-Cash Pension Expense	59M	54M	63M	245M	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	300M	254M	291M	308M	311M
Exploration/Drilling Costs	1.08B	977M	833M	863M	848M
Net Rental Expense, Total	435M	342M	160M	286M	-
Imputed Operating Lease Interest Expense	154M	88.34M	34.05M	80.67M	-
Imputed Operating Lease Depreciation	281M	254M	126M	205M	-
Stock-Based Comp., Other (Total)	147K	119K	83K	200K	300K
Total Stock-Based Compensation	147K	119K	83K	200K	300K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.18B	6.76B	14.13B	15.58B	9.64B
Short Term Investments	7.43B	11.86B	21.25B	29.88B	29.22B
Total Cash And Short Term Investments	12.6B	18.62B	35.37B	45.46B	38.86B
Accounts Receivable, Total	6.48B	6.54B	14B	16.06B	11.44B
Other Receivables	1.75B	1.69B	3.92B	6.4B	5.49B
Total Receivables	8.23B	8.23B	17.93B	22.45B	16.93B
Inventory	3.36B	3.08B	3.4B	5.2B	3.81B
Other Current Assets, Total	579M	2.25B	5.81B	5.06B	2.44B
Total Current Assets	24.78B	32.19B	62.5B	78.17B	62.05B
Gross Property Plant And Equipment	207B	213B	212B	200B	202B
Accumulated Depreciation	-137B	-147B	-150B	-143B	-143B
Net Property Plant And Equipment	69.95B	65.67B	62.08B	56.5B	58.82B
Long-term Investments	5.04B	6.34B	6.03B	5.49B	5.95B
Goodwill	1.46B	1.48B	1.47B	1.38B	1.73B
Other Intangibles, Total	9.28B	6.67B	4.98B	3.78B	3.98B
Loans Receivable Long-Term	413M	711M	983M	1.72B	381M
Deferred Tax Assets Long-Term	3.88B	4.97B	6.26B	8.73B	7.94B
Other Long-Term Assets, Total	3.26B	3.94B	2.82B	2.25B	2.73B
Total Assets	118B	122B	147B	158B	144B
Liabilities
Accounts Payable, Total	3.05B	2.75B	6.25B	6.21B	5.32B
Short-term Borrowings	935M	2.62B	5.02B	1.81B	3.6B
Current Portion of Long-Term Debt	2B	1.97B	250M	2.55B	2.4B
Current Portion of Leases	1.15B	1.19B	1.11B	1.26B	1.28B
Current Income Taxes Payable	3.7B	1.15B	13.12B	17.66B	12.31B
Other Current Liabilities	8.72B	10.15B	13.38B	14.33B	11.29B
Total Current Liabilities	19.56B	19.82B	39.14B	43.81B	36.19B
Long-Term Debt	21.75B	29.12B	27.4B	24.14B	22.23B
Long-Term Leases	3.19B	3.22B	2.45B	2.41B	2.29B
Pension & Other Post Retirement Benefits	3.87B	4.29B	4.4B	3.67B	3.92B
Deferred Tax Liability Non Current	9.41B	11.22B	14.04B	12B	13.34B
Other Non Current Liabilities	19.12B	20.41B	20.66B	18.01B	17.1B
Total Liabilities	76.9B	88.08B	108B	104B	95.08B
Common Stock, Total	1.18B	1.16B	1.16B	1.14B	1.1B
Additional Paid In Capital	7.73B	6.85B	6.41B	3.04B	-
Retained Earnings	37.48B	30.05B	36.68B	58.24B	56.52B
Comprehensive Income and Other	-5.26B	-4.19B	-5.24B	-8.43B	-9.13B
Total Common Equity	41.14B	33.87B	39.01B	53.99B	48.49B
Minority Interest	20M	19M	14M	1M	10M
Total Equity	41.16B	33.89B	39.02B	53.99B	48.5B
Total Liabilities And Equity	118B	122B	147B	158B	144B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.31B	3.25B	3.23B	3.12B	2.94B
ECS Total Common Shares Outstanding	3.31B	3.25B	3.23B	3.12B	2.94B
Book Value / Share	12.45	10.43	12.07	17.29	16.47
Tangible Book Value	30.4B	25.72B	32.56B	48.83B	42.78B
Tangible Book Value Per Share	9.2	7.92	10.07	15.64	14.53
Total Debt	29.03B	38.12B	36.24B	32.17B	31.8B
Net Debt	16.43B	19.49B	867M	-13.29B	-7.07B
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.77B	2.98B	2.95B	2.45B	2.66B
Debt Equivalent Oper. Leases	3.48B	2.74B	1.28B	2.29B	-
Minority Interest, Total (Incl. Fin. Div)	20M	19M	14M	1M	10M
Equity Method Investments, Total	1.44B	2.26B	2.69B	2.76B	2.51B
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	2.99B	2.69B	2.97B	4.69B	3.29B
Inventories - Others	377M	390M	424M	517M	520M
Buildings, Total	909M	929M	596M	562M	591M
Machinery, Total	191B	192B	193B	182B	180B
Full Time Employees	21.41K	21.24K	21.13K	21.94K	23.45K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.84B	-5.51B	8.56B	28.75B	11.88B
Depreciation & Amortization - CF	9.75B	9.49B	10.41B	9.73B	9.37B
Amortization of Goodwill and Intangible Assets - (CF)	60M	35M	24M	-	-
Impairment of Oil, Gas & Mineral Properties - (CF)	777M	2.51B	171M	342M	-53M
Depreciation & Amortization, Total	10.59B	12.03B	10.6B	10.07B	9.32B
(Gain) Loss From Sale Of Asset	-1.19B	18M	-1.52B	-823M	8M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	3.39B	5.71B	1.29B	-3.34B	1.26B
Other Operating Activities, Total	-1.15B	-1.34B	14.43B	5.1B	-2.73B
Change in Other Net Operating Assets	259M	-524M	-4.55B	-4.62B	4.96B
Cash from Operations	13.75B	10.39B	28.82B	35.14B	24.7B
Capital Expenditure	-10.2B	-8.48B	-8.04B	-8.61B	-10.58B
Sale of Property, Plant, and Equipment	2.61B	505M	1.86B	966M	272M
Cash Acquisitions	-2.27B	-	-111M	-	-1.2B
Investment in Marketable and Equity Securities, Total	-1.01B	-3.7B	-9.95B	-10.09B	443M
Other Investing Activities, Total	288M	-418M	27M	1.87B	-1.35B
Cash from Investing	-10.59B	-12.09B	-16.21B	-15.86B	-12.41B
Short Term Debt Issued, Total	-	1.36B	1.2B	-	2.59B
Long-Term Debt Issued, Total	984M	8.35B	-	-	-
Total Debt Issued	984M	9.71B	1.2B	-	2.59B
Short Term Debt Repaid, Total	-277M	-	-	-5.1B	-
Long-Term Debt Repaid, Total	-2.42B	-3.33B	-3.91B	-1.62B	-4.24B
Total Debt Repaid	-2.7B	-3.33B	-3.91B	-6.72B	-4.24B
Repurchase of Common Stock	-442M	-1.06B	-321M	-3.32B	-5.59B
Common Dividends Paid	-3.34B	-2.33B	-1.8B	-2.5B	-3.33B
Common & Preferred Stock Dividends Paid	-3.34B	-2.33B	-1.8B	-2.5B	-3.33B
Special Dividend Paid	-	-	-	-2.88B	-7.57B
Other Financing Activities, Total	-	-	-	-1M	-
Cash from Financing	-5.5B	2.99B	-4.84B	-15.41B	-18.14B
Foreign Exchange Rate Adjustments	-38M	294M	-538M	-2.27B	-87M
Miscellaneous Cash Flow Adjustments	-	-	-1M	1M	-1M
Net Change in Cash	-2.38B	1.58B	7.23B	1.59B	-5.94B
Supplemental Items
Cash Interest Paid	723M	730M	698M	747M	1.04B
Cash Income Tax Paid (Refund)	8.29B	3.13B	8.59B	43.86B	28.28B
Levered Free Cash Flow	7.23B	1.33B	27.42B	46.57B	20.94B
Unlevered Free Cash Flow	7.69B	1.82B	27.82B	47.08B	21.52B
Change In Net Working Capital	-612M	2.82B	-5.14B	148M	-251M
Net Debt Issued / Repaid	-1.71B	6.38B	-2.72B	-6.72B	-1.65B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.81	0.9	14.8	30	14.94
Return on Total Capital	9.64	1.52	27.32	56.71	27.06
Return On Equity %	4.4	-14.65	23.53	61.8	23.23
Return on Common Equity	4.38	-14.69	23.5	61.82	23.2
Margin Analysis
Gross Profit Margin %	37.7	34.83	50.69	57.44	45.01
SG&A Margin	1.47	1.73	1.03	0.65	1.26
EBITDA Margin %	32.66	28.17	47.17	55.26	41.44
EBITA Margin %	17.13	3.87	36.3	49.15	33.73
EBIT Margin %	17.03	3.79	36.27	49.15	33.73
Income From Continuing Operations Margin %	2.94	-12.01	9.66	19.29	11.14
Net Income Margin %	2.93	-12.04	9.65	19.29	11.12
Net Avail. For Common Margin %	2.93	-12.04	9.65	19.29	11.12
Normalized Net Income Margin	11.17	1.3	22.02	31.43	22.62
Levered Free Cash Flow Margin	11.5	2.92	30.89	31.25	19.6
Unlevered Free Cash Flow Margin	12.23	3.98	31.35	31.6	20.14
Asset Turnover
Asset Turnover	0.55	0.38	0.65	0.98	0.71
Fixed Assets Turnover	0.93	0.67	1.36	2.51	1.85
Receivables Turnover (Average Receivables)	9.49	7.02	8.64	9.92	7.77
Inventory Turnover (Average Inventory)	14.23	9.25	13.51	14.75	13.03
Short Term Liquidity
Current Ratio	1.27	1.62	1.6	1.78	1.71
Quick Ratio	1.07	1.35	1.36	1.55	1.54
Operating Cash Flow to Current Liabilities	0.7	0.52	0.74	0.8	0.68
Days Sales Outstanding (Average Receivables)	38.47	52.1	42.25	36.81	46.97
Days Outstanding Inventory (Average Inventory)	25.64	39.57	27.02	24.75	28.01
Average Days Payable Outstanding	25.2	35.9	37.26	34.85	36.66
Cash Conversion Cycle (Average Days)	38.91	55.77	32.01	26.71	38.32
Long Term Solvency
Total Debt/Equity	70.54	112.46	92.86	59.58	65.56
Total Debt / Total Capital	41.36	52.93	48.15	37.34	39.6
LT Debt/Equity	60.61	95.41	76.5	49.18	50.56
Long-Term Debt / Total Capital	35.54	44.91	39.66	30.82	30.54
Total Liabilities / Total Assets	65.14	72.21	73.47	65.83	66.22
EBIT / Interest Expense	14.62	2.23	49.14	88.88	38.88
EBITDA / Interest Expense	29.06	17.73	65.33	101.1	48.93
(EBITDA - Capex) / Interest Expense	15.14	6.81	53.05	90.65	37.52
Total Debt / EBITDA	1.36	2.77	0.85	0.39	0.7
Net Debt / EBITDA	0.77	1.42	0.02	-0.16	-0.16
Total Debt / (EBITDA - Capex)	2.62	7.21	1.04	0.43	0.91
Net Debt / (EBITDA - Capex)