Cash flow Santos Limited

Equities

STO

AU000000STO6

Integrated Oil & Gas

Market Closed - Australian S.E. Other stock markets 02:10:52 2024-09-12 am EDT			5-day change	1st Jan Change
6.930 ^AUD	+1.17%		-1.98%	-8.82%

Sep. 11	Energy Shares Seen Under Pressure as OPEC Cuts Demand Growth Outlook	MT
Sep. 05	Santos Appoints CFO	MT

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Published financial data: SANTOS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.03B	3.39B	4.71B	7.79B	5.89B
Total Revenues	4.03B	3.39B	4.71B	7.79B	5.89B
Cost of Goods Sold, Total	2.71B	2.64B	2.98B	3.9B	3.67B
Gross Profit	1.32B	745M	1.73B	3.89B	2.22B
Selling General & Admin Expenses, Total	66M	93M	82M	158M	155M
Exploration / Drilling Costs, Total	103M	59M	126M	148M	86M
Depreciation & Amortization - (IS)	1M	1M	-	-	-
Impairment of Oil, Gas & Mineral Properties - (IS)	61M	114M	8M	181M	75M
Other Operating Expenses	-48M	-105M	195M	367M	128M
Other Operating Expenses, Total	183M	162M	411M	854M	444M
Operating Income	1.14B	583M	1.32B	3.04B	1.78B
Interest Expense, Total	-243M	-196M	-167M	-202M	-158M
Interest And Investment Income	39M	17M	6M	54M	106M
Net Interest Expenses	-204M	-179M	-161M	-148M	-52M
Income (Loss) On Equity Invest.	8M	33M	25M	-16M	5M
Currency Exchange Gains (Loss)	-11M	-13M	-3M	-22M	-15M
Other Non Operating Income (Expenses)	49M	38M	8M	215M	81M
EBT, Excl. Unusual Items	978M	462M	1.19B	3.06B	1.8B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-34M	-	-
Impairment of Goodwill	-	-98M	-	-147M	-
Gain (Loss) On Sale Of Assets	12M	-	10M	15M	5M
Asset Writedown	-	-683M	-	-	-
Insurance Settlements	28M	13M	40M	15M	17M
EBT, Incl. Unusual Items	1.02B	-306M	1.2B	2.95B	1.82B
Income Tax Expense	344M	51M	547M	836M	403M
Earnings From Continuing Operations	674M	-357M	658M	2.11B	1.42B
Net Income to Company	674M	-357M	658M	2.11B	1.42B
Net Income - (IS)	674M	-357M	658M	2.11B	1.42B
Net Income to Common Incl Extra Items	674M	-357M	658M	2.11B	1.42B
Net Income to Common Excl. Extra Items	674M	-357M	658M	2.11B	1.42B
Per Share Items
Net EPS - Basic	0.32	-0.17	0.31	0.63	0.43
Basic EPS - Continuing Operations	0.32	-0.17	0.31	0.63	0.43
Basic Weighted Average Shares Outstanding	2.08B	2.08B	2.13B	3.35B	3.26B
Net EPS - Diluted	0.32	-0.17	0.31	0.63	0.43
Diluted EPS - Continuing Operations	0.32	-0.17	0.31	0.63	0.43
Diluted Weighted Average Shares Outstanding	2.1B	2.08B	2.15B	3.36B	3.28B
Normalized Basic EPS	0.29	0.14	0.35	0.57	0.34
Normalized Diluted EPS	0.29	0.14	0.35	0.57	0.34
Dividend Per Share	0.11	0.07	0.14	0.23	0.26
Payout Ratio	37.24	-38.1	33.59	25.38	54.87
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	2.2B	1.64B	2.49B	4.83B	3.58B
EBITA	1.14B	583M	1.32B	3.04B	1.78B
EBIT	1.14B	583M	1.32B	3.04B	1.78B
EBITDAR	2.38B	1.82B	2.74B	4.99B	3.86B
Effective Tax Rate - (Ratio)	33.79	-16.67	45.39	28.36	22.16
Total Current Taxes	119M	124M	416M	744M	574M
Total Deferred Taxes	225M	-73M	131M	92M	-171M
Normalized Net Income	611M	289M	743M	1.92B	1.12B
Interest Capitalized	15M	29M	58M	139M	243M
Interest on Long-Term Debt	19M	17M	18M	36M	42M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	12M	10M	10M	19M	23M
General and Administrative Expenses	54M	83M	72M	139M	132M
Exploration/Drilling Costs	103M	59M	126M	148M	86M
Net Rental Expense, Total	181M	180M	252M	157M	285M
Imputed Operating Lease Interest Expense	80M	68.79M	69.53M	63.13M	157M
Imputed Operating Lease Depreciation	101M	111M	182M	93.87M	128M
Stock-Based Comp., Other (Total)	16.84M	21M	31M	42M	25M
Total Stock-Based Compensation	16.84M	21M	31M	42M	25M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.07B	1.32B	2.98B	2.35B	1.88B
Short Term Investments	-	-	-	55M	252M
Trading Asset Securities, Total	-	-	7M	-	-
Total Cash And Short Term Investments	1.07B	1.32B	2.98B	2.41B	2.13B
Accounts Receivable, Total	371M	416M	745M	598M	559M
Other Receivables	206M	167M	250M	281M	373M
Total Receivables	577M	583M	995M	879M	932M
Inventory	301M	288M	406M	443M	442M
Prepaid Expenses	40M	39M	82M	70M	94M
Other Current Assets, Total	195M	467M	285M	1.33B	752M
Total Current Assets	2.18B	2.7B	4.75B	5.13B	4.35B
Gross Property Plant And Equipment	27.6B	29.48B	39.39B	40.2B	43.59B
Accumulated Depreciation	-14.79B	-16.49B	-17.74B	-19.71B	-21.62B
Net Property Plant And Equipment	12.81B	12.99B	21.65B	20.49B	21.97B
Long-term Investments	39M	436M	403M	379M	406M
Goodwill	481M	383M	1.46B	1.19B	1.25B
Other Intangibles, Total	-	-	-	-	1M
Accounts Receivable Long-Term	130M	106M	297M	252M	179M
Loans Receivable Long-Term	-	-	-	-	61M
Deferred Tax Assets Long-Term	870M	1.04B	1.3B	1.11B	1.04B
Other Long-Term Assets, Total	3M	3M	149M	299M	502M
Total Assets	16.51B	17.66B	30.01B	28.86B	29.76B
Liabilities
Accounts Payable, Total	507M	365M	867M	805M	567M
Accrued Expenses, Total	56M	92M	99M	116M	105M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	196M	233M	889M	694M	646M
Current Portion of Leases	114M	121M	196M	244M	189M
Current Income Taxes Payable	38M	31M	211M	72M	7M
Unearned Revenue Current, Total	125M	64M	106M	135M	59M
Other Current Liabilities	283M	629M	643M	1.41B	1.38B
Total Current Liabilities	1.32B	1.54B	3.01B	3.47B	2.95B
Long-Term Debt	3.8B	4.31B	6.29B	3.98B	4.73B
Long-Term Leases	311M	336M	677M	602M	596M
Unearned Revenue Non Current	233M	281M	237M	160M	150M
Pension & Other Post Retirement Benefits	12M	7M	20M	18M	14M
Deferred Tax Liability Non Current	811M	904M	2.35B	1.96B	1.89B
Other Non Current Liabilities	2.35B	3.06B	3.82B	3.82B	4.15B
Total Liabilities	8.83B	10.43B	16.4B	14.01B	14.48B
Common Stock, Total	9.01B	9.01B	15.03B	14.65B	14.34B
Retained Earnings	-359M	-865M	-419M	1.15B	1.79B
Comprehensive Income and Other	-975M	-921M	-1B	-962M	-856M
Total Common Equity	7.68B	7.23B	13.61B	14.84B	15.28B
Minority Interest	-	-	-	-	-
Total Equity	7.68B	7.23B	13.61B	14.84B	15.28B
Total Liabilities And Equity	16.51B	17.66B	30.01B	28.86B	29.76B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.08B	2.08B	3.38B	3.3B	3.24B
ECS Total Common Shares Outstanding	2.08B	2.08B	3.38B	3.3B	3.24B
Book Value / Share	3.68	3.48	4.03	4.49	4.72
Tangible Book Value	7.2B	6.84B	12.15B	13.65B	14.02B
Tangible Book Value Per Share	3.45	3.3	3.6	4.13	4.33
Total Debt	4.42B	5B	8.05B	5.52B	6.16B
Net Debt	3.35B	3.68B	5.07B	3.11B	4.03B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	1.45B	1.44B	2.02B	1.26B	2.28B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	13M	413M	399M	379M	406M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	186M	156M	180M	192M	165M
Inventories - Others	115M	132M	226M	251M	277M
Land - (BS)	223M	248M	388M	413M	409M
Machinery, Total	-	-	-	-	-
Full Time Employees	2.18K	2.72K	3.79K	3.55K	3.86K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	674M	-357M	658M	2.11B	1.42B
Depreciation & Amortization - CF	1B	1.02B	1.24B	1.75B	1.86B
Impairment of Oil, Gas & Mineral Properties - (CF)	61M	114M	8M	181M	75M
Depreciation & Amortization, Total	1.06B	1.13B	1.25B	1.93B	1.93B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-19M	-	-10M	-15M	-5M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	781M	-	147M	-
(Income) Loss On Equity Investments - (CF)	-	-33M	-25M	16M	-5M
Stock-Based Compensation (CF)	12M	21M	31M	42M	25M
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	96M	60M	67M	377M	176M
Change In Accounts Receivable	-1M	-30M	98M	92M	-61M
Change In Inventories	-13M	8M	28M	-47M	1M
Change In Accounts Payable	32M	-102M	2M	49M	-38M
Change In Income Taxes	-12M	-30M	63M	-144M	-65M
Change In Deferred Taxes	221M	-72M	108M	50M	9M
Change in Other Net Operating Assets	-5M	101M	1M	-49M	-128M
Cash from Operations	2.05B	1.48B	2.27B	4.56B	3.26B
Capital Expenditure	-877M	-770M	-1.1B	-1.71B	-2.37B
Sale of Property, Plant, and Equipment	28M	-	186M	302M	10M
Cash Acquisitions	-182M	-714M	838M	-125M	-212M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	13M	63M	-	-	-
Other Investing Activities, Total	-15M	-40M	-58M	-139M	-325M
Cash from Investing	-1.03B	-1.46B	-137M	-1.67B	-2.9B
Long-Term Debt Issued, Total	592M	1.49B	996M	800M	1.29B
Total Debt Issued	592M	1.49B	996M	800M	1.29B
Long-Term Debt Repaid, Total	-1.56B	-1.08B	-1.21B	-3.24B	-1.02B
Total Debt Repaid	-1.56B	-1.08B	-1.21B	-3.24B	-1.02B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-31M	-31M	-43M	-420M	-338M
Common Dividends Paid	-251M	-136M	-221M	-536M	-777M
Common & Preferred Stock Dividends Paid	-251M	-136M	-221M	-536M	-777M
Other Financing Activities, Total	-	-	-	-	-15M
Cash from Financing	-1.25B	246M	-481M	-3.4B	-860M
Foreign Exchange Rate Adjustments	-11M	-9M	3M	-34M	-21M
Miscellaneous Cash Flow Adjustments	-	-	-	-78M	42M
Net Change in Cash	-249M	252M	1.66B	-624M	-477M
Supplemental Items
Cash Interest Paid	227M	205M	241M	330M	375M
Cash Income Tax Paid (Refund)	30M	5M	115M	529M	428M
Levered Free Cash Flow	670M	530M	1.25B	1.69B	682M
Unlevered Free Cash Flow	822M	652M	1.36B	1.82B	780M
Change In Net Working Capital	89M	92M	-354M	345M	-80M
Net Debt Issued / Repaid	-969M	413M	-217M	-2.44B	270M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.26	2.13	3.46	6.45	3.79
Return on Total Capital	5.84	3	4.87	9.03	5.32
Return On Equity %	9.01	-4.79	6.32	14.85	9.4
Return on Common Equity	9.01	-4.79	6.32	14.85	9.4
Margin Analysis
Gross Profit Margin %	32.71	22	36.73	49.94	37.73
SG&A Margin	1.64	2.75	1.74	2.03	2.63
EBITDA Margin %	54.48	48.27	52.75	62.04	60.77
EBITA Margin %	28.17	17.21	28.01	38.97	30.19
EBIT Margin %	28.17	17.21	28.01	38.97	30.19
Income From Continuing Operations Margin %	16.71	-10.54	13.96	27.11	24.04
Net Income Margin %	16.71	-10.54	13.96	27.11	24.04
Net Avail. For Common Margin %	16.71	-10.54	13.96	27.11	24.04
Normalized Net Income Margin	15.16	8.53	15.77	24.59	19.07