Cash flow OMV Petrom S.A.

Equities

SNP

ROSNPPACNOR9

Oil & Gas Refining and Marketing

End-of-day quote Bucharest S.E. Other stock markets 2025-01-23			5-day change	1st Jan Change
0.7255 ^RON	-0.14%		-0.14%	+2.33%

Jan. 08	Hycamite TCD Technologies Oy announced that it expects to receive funding from Sojitz Corporation, Holdix Oy Ab, Turret Oy Ab, Stephen Industries Inc Oy, OMV Petrom S.A., MOL PLUS Co, Ltd. and other investors	CI
Oct. 29	OMV Petrom S.A., Q3 2024 Earnings Call, Oct 29, 2024

21249.RKkads69CktbEJmmyGVTkQwJM7nYQaDARFFiIVHJRNU.HpxvJ5vOPSM_Us71sjE63ko_WNqqdfOxcRUFaAeeNeMzz15OgOJdHW9P_g

Published financial data: OMV PETROM S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	24.3B	18.84B	24.02B	55.91B	36.33B
Total Revenues	24.3B	18.84B	24.02B	55.91B	36.33B
Cost of Goods Sold, Total	14.15B	11.7B	14.67B	37.3B	23.17B
Gross Profit	10.15B	7.15B	9.35B	18.61B	13.16B
Selling General & Admin Expenses, Total	2.14B	1.95B	1.98B	2.42B	2.7B
Exploration / Drilling Costs, Total	110M	133M	103M	78.68M	70.08M
Depreciation & Amortization - (IS)	2.96B	3.04B	2.97B	2.8B	2.93B
Impairment of Oil, Gas & Mineral Properties - (IS)	663M	1.11B	517M	2.22B	305M
Other Operating Expenses	44.85M	116M	19.53M	-1.05B	2.34B
Other Operating Expenses, Total	5.91B	6.35B	5.58B	6.47B	8.34B
Operating Income	4.23B	791M	3.77B	12.14B	4.82B
Interest Expense, Total	-277M	-295M	-465M	-726M	-722M
Interest And Investment Income	318M	337M	161M	776M	1.01B
Net Interest Expenses	40.65M	41.89M	-304M	50.23M	291M
Income (Loss) On Equity Invest.	7.36M	4.47M	5.23M	8.73M	4.74M
Currency Exchange Gains (Loss)	-9.65M	-13.42M	-16.9M	-44.66M	-18.58M
Other Non Operating Income (Expenses)	-4.35M	-3.21M	-3.79M	-7.43M	-8.22M
EBT, Excl. Unusual Items	4.27B	821M	3.45B	12.15B	5.09B
Restructuring Charges	-53.06M	-110M	-72.9M	-15.75M	-
Gain (Loss) On Sale Of Investments	110K	-	-	-750K	-2.34M
Gain (Loss) On Sale Of Assets	78.26M	222M	39.31M	22.83M	20.66M
Asset Writedown	-16.06M	546M	-17.68M	-99.88M	-23.44M
Insurance Settlements	-	-	-	-	-
Legal Settlements	-1.01M	-	-	-	-
EBT, Incl. Unusual Items	4.28B	1.48B	3.4B	12.06B	5.09B
Income Tax Expense	642M	188M	534M	1.76B	1.06B
Earnings From Continuing Operations	3.63B	1.29B	2.86B	10.3B	4.03B
Net Income to Company	3.63B	1.29B	2.86B	10.3B	4.03B
Minority Interest	-90K	-50K	-80K	810K	100K
Net Income - (IS)	3.63B	1.29B	2.86B	10.3B	4.03B
Net Income to Common Incl Extra Items	3.63B	1.29B	2.86B	10.3B	4.03B
Net Income to Common Excl. Extra Items	3.63B	1.29B	2.86B	10.3B	4.03B
Per Share Items
Net EPS - Basic	0.06	0.02	0.05	0.17	0.06
Basic EPS - Continuing Operations	0.06	0.02	0.05	0.17	0.06
Basic Weighted Average Shares Outstanding	56.64B	56.64B	56.64B	61.18B	62.31B
Net EPS - Diluted	0.06	0.02	0.05	0.17	0.06
Diluted EPS - Continuing Operations	0.06	0.02	0.05	0.17	0.06
Diluted Weighted Average Shares Outstanding	56.64B	56.64B	56.64B	61.18B	62.31B
Normalized Basic EPS	0.05	0.01	0.04	0.12	0.05
Normalized Diluted EPS	0.05	0.01	0.04	0.12	0.05
Dividend Per Share	0.03	0.03	0.03	0.04	0.04
Payout Ratio	41.71	134.81	60.78	18.34	57.01
American Depositary Receipts Ratio (ADR)	150	150	150	150	150
Supplemental Items
EBITDA	7.75B	4.8B	7.1B	17B	7.88B
EBITA	4.24B	802M	3.78B	12.16B	4.84B
EBIT	4.23B	791M	3.77B	12.14B	4.82B
EBITDAR	7.84B	4.84B	7.14B	17.04B	7.93B
Total Revenues (As Reported)	25.76B	20.15B	26.2B	62.69B	39.44B
Effective Tax Rate - (Ratio)	15.01	12.69	15.71	14.56	20.79
Total Current Taxes	700M	238M	518M	2.26B	968M
Total Deferred Taxes	-57.69M	-50.38M	15.84M	-501M	90.22M
Normalized Net Income	2.67B	513M	2.16B	7.59B	3.18B
Interest on Long-Term Debt	10.51M	10.95M	10.79M	11.7M	16.85M
Non-Cash Pension Expense	-	-32.73M	-6.71M	8.85M	12.5M
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	-	-	-	-	72.49M
Exploration/Drilling Costs	110M	133M	103M	78.68M	70.08M
Net Rental Expense, Total	92.91M	42.2M	38.9M	45.27M	45.95M
Imputed Operating Lease Interest Expense	235M	99.97M	153M	305M	336M
Imputed Operating Lease Depreciation	-142M	-57.77M	-114M	-260M	-290M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	7.01B	7.45B	10.32B	14.26B	13.34B
Short Term Investments	-	-	-	-	1.18B
Total Cash And Short Term Investments	7.01B	7.45B	10.32B	14.26B	14.52B
Accounts Receivable, Total	1.89B	1.26B	2.64B	3.55B	2.72B
Other Receivables	120M	444M	126M	196M	92.92M
Total Receivables	2.01B	1.7B	2.77B	3.74B	2.81B
Inventory	2.46B	2.1B	2.29B	3.81B	3.13B
Prepaid Expenses	66.16M	22.47M	35.37M	57.17M	63.59M
Other Current Assets, Total	1.01B	976M	1.88B	3.43B	2.27B
Total Current Assets	12.56B	12.25B	17.3B	25.3B	22.78B
Gross Property Plant And Equipment	62.09B	60.87B	61.6B	64.51B	71.98B
Accumulated Depreciation	-34.15B	-33.07B	-35.73B	-39.76B	-41.88B
Net Property Plant And Equipment	27.94B	27.8B	25.86B	24.75B	30.1B
Long-term Investments	26.94M	32.59M	35.32M	40.98M	48.82M
Other Intangibles, Total	3.13B	2.81B	2.89B	3.02B	656M
Deferred Tax Assets Long-Term	1.49B	1.53B	1.54B	2.04B	1.95B
Other Long-Term Assets, Total	2.34B	3.19B	2.34B	2.38B	2.62B
Total Assets	47.5B	47.62B	49.97B	57.52B	58.16B
Liabilities
Accounts Payable, Total	3.37B	2.86B	3.27B	4.27B	4.07B
Accrued Expenses, Total	658M	636M	1.08B	1.14B	2.45B
Current Portion of Long-Term Debt	132M	175M	255M	138M	110M
Current Portion of Leases	129M	137M	158M	156M	148M
Current Income Taxes Payable	205M	43.6M	204M	523M	164M
Unearned Revenue Current, Total	155M	221M	158M	246M	409M
Other Current Liabilities	1.15B	1.63B	3.07B	2.4B	1.16B
Total Current Liabilities	5.8B	5.71B	8.19B	8.86B	8.51B
Long-Term Debt	198M	109M	16.49M	-	-
Long-Term Leases	572M	543M	501M	499M	530M
Unearned Revenue Non Current	13.89M	14.09M	52.01M	50.85M	48.5M
Pension & Other Post Retirement Benefits	241M	214M	170M	314M	195M
Deferred Tax Liability Non Current	20.91M	-	-	-	700K
Other Non Current Liabilities	7.15B	7.96B	6.82B	7.29B	9.5B
Total Liabilities	13.99B	14.55B	15.76B	17.01B	18.78B
Common Stock, Total	5.66B	5.66B	5.66B	6.23B	6.23B
Retained Earnings	27.74B	27.26B	28.39B	34.17B	33.03B
Treasury Stock	-20K	-20K	-20K	-20K	-20K
Comprehensive Income and Other	99.66M	144M	161M	102M	113M
Total Common Equity	33.5B	33.07B	34.21B	40.5B	39.38B
Minority Interest	510K	500K	550K	5.81M	520K
Total Equity	33.5B	33.07B	34.21B	40.51B	39.38B
Total Liabilities And Equity	47.5B	47.62B	49.97B	57.52B	58.16B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	56.64B	56.64B	56.64B	62.31B	62.31B
ECS Total Common Shares Outstanding	56.64B	56.64B	56.64B	62.31B	62.31B
Book Value / Share	0.59	0.58	0.6	0.65	0.63
Tangible Book Value	30.37B	30.26B	31.32B	37.49B	38.72B
Tangible Book Value Per Share	0.54	0.53	0.55	0.6	0.62
Total Debt	1.03B	964M	931M	793M	788M
Net Debt	-5.98B	-6.49B	-9.39B	-13.46B	-13.73B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	214M	170M	110M	141M
Debt Equivalent Oper. Leases	743M	338M	311M	362M	368M
Minority Interest, Total (Incl. Fin. Div)	510K	500K	550K	5.81M	520K
Equity Method Investments, Total	26.94M	31.68M	34.41M	40.83M	48.11M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	279M	279M	310M	409M	456M
Inventories - Work In Process, Total	154M	95.44M	136M	198M	242M
Inventories - Finished Goods, Total	2.03B	1.73B	1.85B	3.21B	2.43B
Land - (BS)	5.18B	5.35B	5.41B	5.49B	5.65B
Machinery, Total	12.87B	13.23B	13.53B	13.8B	14.74B
Full Time Employees	12.35K	10.76K	7.97K	7.74K	7.71K
Accumulated Allowance for Doubtful Accounts (Supple)	204M	204M	133M	155M	160M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	3.63B	1.29B	2.86B	10.3B	4.03B
Depreciation & Amortization - CF	2.95B	3.03B	2.96B	2.79B	2.92B
Amortization of Goodwill and Intangible Assets - (CF)	9.14M	10.59M	11.99M	14.08M	12.1M
Impairment of Oil, Gas & Mineral Properties - (CF)	663M	1.11B	517M	2.22B	305M
Depreciation & Amortization, Total	3.62B	4.15B	3.48B	5.02B	3.23B
(Gain) Loss From Sale Of Asset	-77.21M	-41.25M	-35.95M	-22.83M	-20.66M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	16.06M	-474M	12.3M	99.88M	23.44M
(Income) Loss On Equity Investments - (CF)	-7.23M	-4.47M	-2.08M	-6.02M	-3.14M
Provision and Write-off of Bad Debts	-34.51M	-38.82M	-60.36M	18.99M	2.2M
Other Operating Activities, Total	-94.65M	-292M	1.17B	-530M	932M
Change In Accounts Receivable	-193M	798M	-1.08B	-3.03B	2.03B
Change In Inventories	-327M	297M	-213M	-1.56B	669M
Change in Other Net Operating Assets	263M	-131M	860M	1.05B	-783M
Cash from Operations	6.8B	5.56B	7B	11.34B	10.11B
Capital Expenditure	-3.94B	-3.45B	-2.85B	-3.21B	-4.62B
Cash Acquisitions	-	-	-	-	-24.1M
Divestitures	78.58M	71.59M	505M	990K	14.36M
Investment in Marketable and Equity Securities, Total	38.19M	-	-	-45.39M	-1.15B
Other Investing Activities, Total	262M	210M	88.01M	149M	54.89M
Cash from Investing	-3.56B	-3.16B	-2.25B	-3.1B	-5.73B
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-328M	-181M	-173M	-308M	-199M
Total Debt Repaid	-328M	-181M	-173M	-308M	-199M
Issuance of Common Stock	-	-	-	446M	-
Common Dividends Paid	-1.52B	-1.74B	-1.74B	-1.89B	-2.3B
Common & Preferred Stock Dividends Paid	-1.52B	-1.74B	-1.74B	-1.89B	-2.3B
Special Dividend Paid	-	-	-	-2.55B	-2.8B
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-1.84B	-1.92B	-1.91B	-4.3B	-5.3B
Foreign Exchange Rate Adjustments	1.38M	-3.93M	11.32M	1.51M	-1.54M
Net Change in Cash	1.4B	468M	2.84B	3.93B	-917M
Supplemental Items
Cash Interest Paid	20.73M	22.54M	20.25M	35.25M	63.29M
Cash Income Tax Paid (Refund)	721M	401M	352M	1.9B	1.23B
Levered Free Cash Flow	1.53B	1.4B	2.92B	5.68B	3.64B
Unlevered Free Cash Flow	1.7B	1.59B	3.21B	6.14B	4.09B
Change In Net Working Capital	632M	-386M	-213M	3.27B	-2.46B
Net Debt Issued / Repaid	-328M	-181M	-173M	-308M	-199M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.8	1.04	4.83	14.12	5.17
Return on Total Capital	7.95	1.44	6.81	19.85	7.4
Return On Equity %	11.21	3.88	8.51	27.57	10.09
Return on Common Equity	11.21	3.88	8.51	27.57	10.09
Margin Analysis
Gross Profit Margin %	41.76	37.92	38.92	33.29	36.22
SG&A Margin	8.81	10.36	8.23	4.34	7.42
EBITDA Margin %	31.88	25.48	29.57	30.4	21.7
EBITA Margin %	17.46	4.26	15.74	21.74	13.31
EBIT Margin %	17.43	4.2	15.69	21.72	13.28
Income From Continuing Operations Margin %	14.96	6.85	11.92	18.42	11.09
Net Income Margin %	14.96	6.85	11.92	18.42	11.09
Net Avail. For Common Margin %	14.96	6.85	11.92	18.42	11.09
Normalized Net Income Margin	10.98	2.72	8.97	13.58	8.76
Levered Free Cash Flow Margin	6.29	7.44	12.14	10.16	10.01
Unlevered Free Cash Flow Margin	7	8.42	13.35	10.97	11.26
Asset Turnover
Asset Turnover	0.53	0.4	0.49	1.04	0.62
Fixed Assets Turnover	0.89	0.68	0.9	2.21	1.32
Receivables Turnover (Average Receivables)	13.63	11.96	12.32	18.07	11.6
Inventory Turnover (Average Inventory)	6.13	5.12	6.68	12.21	6.68
Short Term Liquidity
Current Ratio	2.17	2.15	2.11	2.86	2.68
Quick Ratio	1.56	1.6	1.6	2.03	2.04
Operating Cash Flow to Current Liabilities	1.17	0.97	0.85	1.28	1.19
Days Sales Outstanding (Average Receivables)	26.78	30.59	29.62	20.2	31.47
Days Outstanding Inventory (Average Inventory)	59.53	71.45	54.68	29.89	54.67
Average Days Payable Outstanding	81.03	100.58	75.2	35.41	67.65
Cash Conversion Cycle (Average Days)	5.28	1.46	9.09	14.68	18.49
Long Term Solvency
Total Debt/Equity	3.08	2.92	2.72	1.96	2
Total Debt / Total Capital	2.99	2.83	2.65	1.92	1.96
LT Debt/Equity	2.3	1.97	1.51	1.23	1.35
Long-Term Debt / Total Capital	2.23	1.92	1.47	1.21	1.32
Total Liabilities / Total Assets	29.46	30.55	31.53	29.58	32.29
EBIT / Interest Expense	15.29	2.68	8.11	16.73	6.68
EBITDA / Interest Expense	28.36	16.73	15.61	23.64	11.16
(EBITDA - Capex) / Interest Expense	14.16	5.07	9.48	19.22	4.76
Total Debt / EBITDA	0.13	0.2	0.13	0.05	0.1
Net Debt / EBITDA	-0.76	-1.31	-1.29	-0.78