Cash flow Repsol S.A.

Equities

REP

ES0173516115

Oil & Gas Refining and Marketing

Market Closed - BME Other stock markets 11:35:30 2024-12-03 am EST			After market 03:59:59 pm
11.55 ^EUR	-1.03%		11.60	+0.43%

Nov. 29	Repsol: sale of oil and gas assets in Colombia	CF
Nov. 13	REPSOL : Macro headwinds take their toll

37a79ace5e5b5537f54683bba3d56b.HULvViBPSobIMSZmJnGx8bbSAzi8-Q231ajGrX4VYkA.MAuAMWEBZ9-xd1AzfBuBm-W3OlXpul71kdyL3jd2VBksJ4V7QgF495JfVQ

Published financial data: REPSOL S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	42.48B	28.25B	44.53B	69.29B	53.12B
Total Revenues	42.48B	28.25B	44.53B	69.29B	53.12B
Cost of Goods Sold, Total	31.1B	21.24B	32.51B	50.87B	38.27B
Gross Profit	11.38B	7.01B	12.02B	18.42B	14.85B
Selling General & Admin Expenses, Total	3.43B	3.24B	3.02B	3.91B	4.12B
Exploration / Drilling Costs, Total	120M	86M	53M	133M	60M
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	2.31B	2.12B	1.95B	2.21B	2.38B
Impairment of Oil, Gas & Mineral Properties - (IS)	690M	116M	245M	217M	-
Other Operating Expenses	2.75B	2.06B	2.58B	3.72B	3.7B
Other Operating Expenses, Total	9.3B	7.62B	7.85B	10.19B	10.25B
Operating Income	2.07B	-613M	4.16B	8.24B	4.6B
Interest Expense, Total	-576M	-540M	-406M	-415M	-279M
Interest And Investment Income	226M	182M	159M	227M	425M
Net Interest Expenses	-350M	-358M	-247M	-188M	146M
Income (Loss) On Equity Invest.	351M	-609M	301M	989M	34M
Currency Exchange Gains (Loss)	-27M	406M	-131M	-434M	242M
Other Non Operating Income (Expenses)	76M	-189M	649M	953M	-351M
EBT, Excl. Unusual Items	2.12B	-1.36B	4.74B	9.56B	4.67B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-868M	-667M	-	-516M	-371M
Gain (Loss) On Sale Of Investments	-	-	-	-	-484M
Gain (Loss) On Sale Of Assets	147M	102M	10M	77M	4M
Asset Writedown	-3.76B	-1.38B	-418M	-1.94B	545M
Legal Settlements	-837M	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-3.2B	-3.3B	4.33B	7.18B	4.36B
Income Tax Expense	588M	16M	1.8B	2.84B	1.08B
Earnings From Continuing Operations	-3.79B	-3.32B	2.53B	4.34B	3.28B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-3.79B	-3.32B	2.53B	4.34B	3.28B
Minority Interest	-27M	31M	-29M	-94M	-116M
Net Income - (IS)	-3.82B	-3.29B	2.5B	4.25B	3.17B
Preferred Dividend and Other Adjustments	29M	54M	60M	60M	60M
Net Income to Common Incl Extra Items	-3.84B	-3.34B	2.44B	4.19B	3.11B
Net Income to Common Excl. Extra Items	-3.84B	-3.34B	2.44B	4.19B	3.11B
Per Share Items
Net EPS - Basic	-2.48	-2.13	1.64	2.96	2.46
Basic EPS - Continuing Operations	-2.48	-2.13	1.64	2.96	2.46
Basic Weighted Average Shares Outstanding	1.55B	1.57B	1.49B	1.41B	1.26B
Net EPS - Diluted	-2.48	-2.13	1.64	2.96	2.46
Diluted EPS - Continuing Operations	-2.48	-2.13	1.64	2.96	2.46
Diluted Weighted Average Shares Outstanding	1.55B	1.57B	1.49B	1.41B	1.26B
Normalized Basic EPS	0.84	-0.52	1.97	4.16	2.22
Normalized Diluted EPS	0.84	-0.52	1.97	4.16	2.22
Dividend Per Share	0.92	0.6	0.63	0.7	0.9
Payout Ratio	-10.38	-10.52	25.01	24.16	30.9
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	4.84B	1.43B	6.01B	9.96B	6.56B
EBITA	2.17B	-500M	4.23B	8.36B	4.66B
EBIT	2.07B	-613M	4.16B	8.24B	4.6B
EBITDAR	5.01B	1.56B	6.12B	10.12B	6.77B
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	-18.37	-0.48	41.6	39.48	24.77
Total Current Taxes	1.13B	92M	910M	2.35B	1.25B
Total Deferred Taxes	-544M	-76M	891M	364M	-733M
Normalized Net Income	1.3B	-821M	2.93B	5.88B	2.8B
Interest Capitalized	78M	-	-	-	-
Interest on Long-Term Debt	185M	200M	172M	177M	171M
Non-Cash Pension Expense	11M	5M	10M	4M	3M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	72M	65M	57M	59M	68M
Exploration/Drilling Costs	120M	86M	53M	133M	60M
Net Rental Expense, Total	170M	125M	113M	160M	214M
Imputed Operating Lease Interest Expense	54.28M	32.27M	23.83M	37.31M	39.15M
Imputed Operating Lease Depreciation	116M	92.73M	89.17M	123M	175M
Maintenance & Repair Expenses, Total	272M	258M	270M	287M	295M
Stock-Based Comp., SG&A Exp. (Total)	500K	600K	950K	440K	490K
Total Stock-Based Compensation	500K	600K	950K	440K	490K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.98B	4.32B	5.6B	6.51B	4.13B
Short Term Investments	2.8B	1.58B	2.45B	3.06B	4.49B
Trading Asset Securities, Total	168M	200M	1.03B	498M	252M
Total Cash And Short Term Investments	5.95B	6.1B	9.07B	10.07B	8.87B
Accounts Receivable, Total	4.45B	3.43B	6.48B	6.78B	6.09B
Other Receivables	1.29B	423M	732M	1.74B	1.63B
Total Receivables	5.74B	3.86B	7.21B	8.53B	7.72B
Inventory	4.6B	3.38B	5.23B	7.29B	6.62B
Other Current Assets, Total	200M	244M	931M	293M	240M
Total Current Assets	16.49B	13.58B	22.44B	26.18B	23.46B
Gross Property Plant And Equipment	58.51B	55.33B	56.53B	60.35B	62.68B
Accumulated Depreciation	-35.36B	-34.4B	-34.8B	-37.88B	-37.29B
Net Property Plant And Equipment	23.14B	20.93B	21.73B	22.47B	25.39B
Long-term Investments	7.25B	5.94B	3.69B	4.38B	3.06B
Goodwill	2.17B	1.42B	1.49B	771M	500M
Other Intangibles, Total	2.3B	1.93B	2.01B	1.2B	1.98B
Accounts Receivable Long-Term	347M	293M	344M	318M	294M
Deferred Tax Assets Long-Term	4.05B	3.74B	2.88B	2.76B	4.65B
Other Long-Term Assets, Total	2.15B	1.46B	1.68B	1.88B	2.31B
Total Assets	57.9B	49.3B	56.25B	59.96B	61.63B
Liabilities
Accounts Payable, Total	3.64B	2.47B	5.55B	5.04B	4.9B
Accrued Expenses, Total	600M	537M	635M	794M	870M
Current Portion of Long-Term Debt	6.11B	3.39B	4.1B	3.03B	1.86B
Current Portion of Leases	424M	486M	507M	519M	516M
Current Income Taxes Payable	192M	72M	386M	1.1B	395M
Other Current Liabilities	4.12B	3.56B	6.14B	6.44B	6.69B
Total Current Liabilities	15.08B	10.52B	17.32B	16.92B	15.22B
Long-Term Debt	8.22B	9.62B	7.74B	7.73B	5.9B
Long-Term Leases	2.71B	2.5B	2.44B	2.4B	2.46B
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	2.38B	2.14B	2.02B	2.19B	3.3B
Other Non Current Liabilities	4.3B	3.98B	3.94B	4.75B	5.69B
Total Liabilities	32.69B	28.76B	33.46B	33.99B	32.56B
Common Stock, Total	1.57B	1.57B	1.53B	1.33B	1.22B
Additional Paid In Capital	6.28B	4.08B	4.04B	4.04B	4.04B
Retained Earnings	16.69B	13.76B	15.12B	16.96B	18.62B
Treasury Stock	-1.17B	-162M	-641M	-3M	-8M
Comprehensive Income and Other	1.56B	1.05B	2.37B	2.97B	2.34B
Total Common Equity	24.93B	20.3B	22.41B	25.29B	26.2B
Minority Interest	281M	244M	380M	679M	2.87B
Total Equity	25.21B	20.54B	22.79B	25.97B	29.07B
Total Liabilities And Equity	57.9B	49.3B	56.25B	59.96B	61.63B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.49B	1.55B	1.46B	1.33B	1.22B
ECS Total Common Shares Outstanding	1.49B	1.51B	1.46B	1.33B	1.22B
Book Value / Share	16.09	12.18	13.76	17.34	19.65
Tangible Book Value	20.46B	16.94B	18.92B	23.32B	23.72B
Tangible Book Value Per Share	13.08	9.95	11.37	15.85	17.61
Total Debt	17.47B	16B	14.8B	13.68B	10.72B
Net Debt	11.52B	9.9B	5.72B	3.61B	1.85B
Debt Equivalent Oper. Leases	1.36B	1B	904M	1.28B	1.71B
Minority Interest, Total (Incl. Fin. Div)	281M	244M	380M	679M	2.87B
Equity Method Investments, Total	7.24B	5.9B	3.55B	4.3B	2.96B
Account Code - Inventory Valuation	3	6	6	6	6
Inventories - Raw Materials, Total	362M	596M	596M	1.46B	489M
Inventories - Finished Goods, Total	4.24B	2.78B	4.63B	5.83B	5.14B
Inventories - Others	-	-	-	-	992M
Land - (BS)	3.58B	3.58B	3.18B	3.28B	2.35B
Buildings, Total	-	-	-	-	954M
Machinery, Total	21.87B	22.4B	22.78B	23.41B	24.35B
Full Time Employees	22.7K	23.33K	23.27K	23.77K	24.54K
Part Time Employees	97	796	866	-	576
Accumulated Allowance for Doubtful Accounts (Supple)	200M	210M	186M	184M	174M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-3.82B	-3.29B	2.5B	4.25B	3.17B
Depreciation & Amortization - CF	2.26B	2B	1.82B	2.12B	2.26B
Amortization of Goodwill and Intangible Assets - (CF)	96M	113M	65M	119M	58M
Impairment of Oil, Gas & Mineral Properties - (CF)	690M	116M	245M	217M	-
Depreciation & Amortization, Total	3.04B	2.23B	2.13B	2.45B	2.32B
Amortization of Deferred Charges, Total - (CF)	82M	95M	116M	105M	120M
(Gain) Loss From Sale Of Asset	-147M	-	-	-77M	-4M
(Gain) Loss on Sale of Investments - (CF)	396M	932M	232M	176M	-
Asset Writedown & Restructuring Costs	4.38B	1.79B	59M	2.1B	136M
(Income) Loss On Equity Investments - (CF)	-351M	609M	-301M	-989M	-34M
Provision and Write-off of Bad Debts	-	-	-	184M	174M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	1.13B	-623M	1.05B	1.01B	-243M
Change In Accounts Receivable	276M	985M	-3.78B	248M	1.58B
Change In Inventories	-182M	1.52B	-1.34B	-764M	154M
Change In Accounts Payable	43M	-1.51B	4.02B	-859M	-861M
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	4.85B	2.74B	4.68B	7.83B	6.51B
Capital Expenditure	-3.23B	-1.89B	-1.9B	-3.54B	-4.29B
Sale of Property, Plant, and Equipment	133M	104M	105M	473M	37M
Cash Acquisitions	-107M	-132M	-539M	-193M	-898M
Divestitures	17M	1.01B	270M	124M	659M
Investment in Marketable and Equity Securities, Total	-1.31B	1.07B	-891M	-1B	-1.62B
Other Investing Activities, Total	88M	52M	24M	31M	261M
Cash from Investing	-4.41B	222M	-2.93B	-4.1B	-5.85B
Long-Term Debt Issued, Total	13.21B	10.16B	11.42B	13.5B	9.26B
Total Debt Issued	13.21B	10.16B	11.42B	13.5B	9.26B
Long-Term Debt Repaid, Total	-12.8B	-11.37B	-10.59B	-14.65B	-11.27B
Total Debt Repaid	-12.8B	-11.37B	-10.59B	-14.65B	-11.27B
Issuance of Common Stock	67M	1.88B	1.15B	1.32B	492M
Repurchase of Common Stock	-1.91B	-1.37B	-1.53B	-1.88B	-1.78B
Common Dividends Paid	-396M	-346M	-625M	-1.03B	-979M
Common & Preferred Stock Dividends Paid	-396M	-346M	-625M	-1.03B	-979M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-461M	-571M	-347M	-98M	1.22B
Cash from Financing	-2.29B	-1.62B	-529M	-2.83B	-3.05B
Foreign Exchange Rate Adjustments	40M	-3M	59M	20M	12M
Net Change in Cash	-1.81B	1.34B	1.27B	917M	-2.38B
Supplemental Items
Cash Interest Paid	467M	417M	-	-	333M
Cash Income Tax Paid (Refund)	975M	-100M	920M	2.4B	1.97B
Levered Free Cash Flow	1.07B	870M	2.88B	1.83B	1.85B
Unlevered Free Cash Flow	1.43B	1.21B	3.13B	2.09B	2.03B
Change In Net Working Capital	-239M	-1.15B	-178M	2.08B	-1.01B
Net Debt Issued / Repaid	412M	-1.21B	825M	-1.15B	-2.01B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.18	-0.71	4.93	8.86	4.73
Return on Total Capital	2.91	-0.97	7.02	13.33	7.24
Return On Equity %	-13.5	-14.51	11.67	17.82	11.93
Return on Common Equity	-13.84	-14.78	11.42	17.57	12.07
Margin Analysis
Gross Profit Margin %	26.78	24.81	26.99	26.59	27.95
SG&A Margin	8.07	11.48	6.78	5.64	7.75
EBITDA Margin %	11.4	5.08	13.49	14.38	12.34
EBITA Margin %	5.1	-1.77	9.5	12.06	8.77
EBIT Margin %	4.88	-2.17	9.35	11.89	8.66
Income From Continuing Operations Margin %	-8.92	-11.75	5.68	6.27	6.18
Net Income Margin %	-8.98	-11.64	5.61	6.13	5.96
Net Avail. For Common Margin %	-9.05	-11.83	5.48	6.05	5.85
Normalized Net Income Margin	3.06	-2.91	6.58	8.49	5.28
Levered Free Cash Flow Margin	2.52	3.08	6.46	2.64	3.49
Unlevered Free Cash Flow Margin	3.37	4.27	7.03	3.02	3.82
Asset Turnover
Asset Turnover	0.72	0.53	0.84	1.19	0.87
Fixed Assets Turnover	1.75	1.28	2.09	3.14	2.22
Receivables Turnover (Average Receivables)	9.31	7.16	8.98	10.45	8.25
Inventory Turnover (Average Inventory)	6.92	5.33	7.56	8.13	5.5
Short Term Liquidity
Current Ratio	1.09	1.29	1.3	1.55	1.54
Quick Ratio