TOTALENERGIES SE
operating
income (454) 8 335 (32) 28 - (115)
Net operating
income 828 765 (990) 56 (85) - 574
Net cost of net
debt (572)
Non-controlling
interests 32
Net income -
group share 34
Integrated
1(st) quarter Exploration Gas, Refining Marketing
2020 & Renewables & &
(adjustments)(a) Production & Power Chemicals Services Corporate Intercompany Total
(M$)
Non-Group sales - 2 - - - - 2
Intersegment
sales - - - - - - -
Excise taxes - - - - - - -
Revenues from
sales - 2 - - - - 2
Operating
expenses (10) (119) (1,589) (346) (55) - (2,119)
Depreciation,
depletion and
impairment of
tangible assets
and mineral
interests - - - - - - -
Operating income
(b) (10) (117) (1,589) (346) (55) - (2,117)
Net income (loss)
from equity
affiliates and
other items 128 (75) (208) - - - (155)
Tax on net
operating
income 7 44 425 100 - - 576
Net operating
income (b) 125 (148) (1,372) (246) (55) - (1,696)
Net cost of net
debt (101)
Non-controlling
interests 50
Net income -
group share (1,747)
(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair
value.
(b) Of which
inventory
valuation effect
- On operating
income - - (1,578) (218) -
- On net
operating
income - - (1,285) (154) -
Integrated
Exploration Gas, Refining Marketing
1(st) quarter & Renewables & &
2020 (adjusted) Production & Power Chemicals Services Corporate Intercompany Total
(M$)
Non-Group sales 1,582 5,088 18,523 18,675 - - 43,868
Intersegment
sales 5,564 594 6,095 89 28 (12,370) -
Excise taxes - - (650) (4,643) - - (5,293)
Revenues from
sales 7,146 5,682 23,968 14,121 28 (12,370) 38,575
Operating
expenses (3,633) (4,873) (23,252) (13,453) (192) 12,370 (33,033)
Depreciation,
depletion and
impairment of
tangible assets
and mineral
interests (2,644) (334) (395) (244) (18) - (3,635)
Adjusted
operating
income 869 475 321 424 (182) - 1,907
Net income (loss)
from equity
affiliates and
other items 295 474 151 10 124 - 1,054
Tax on net
operating
income (461) (36) (90) (132) 28 - (691)
Adjusted net
operating
income 703 913 382 302 (30) - 2,270
Net cost of net
debt (471)
Non-controlling
interests (18)
Adjusted net
income - group
share 1,781
Integrated
Exploration Gas, Refining Marketing
1(st) quarter & Renewables & &
2020 Production & Power Chemicals Services Corporate Intercompany Total
(M$)
Total
expenditures 1,659 2,291 226 160 45 4,381
Total divestments 121 344 79 46 17 607
Cash flow from
operating
activities 3,923 (489) (1,183) (399) (553) 1,299
Reconciliation of the information by business segment with Consolidated
Financial Statements
TOTAL
(unaudited)
Consolidated
1(st) quarter 2021 statement
(M$) Adjusted Adjustments(a) of income
Sales 43,772 (35) 43,737
Excise taxes (5,104) - (5,104)
Revenues from sales 38,668 (35) 38,633
Purchases net of inventory
variation (24,289) 891 (23,398)
Other operating expenses (6,868) (12) (6,880)
Exploration costs (167) - (167)
Depreciation, depletion and
impairment of tangible assets and
mineral interests (3,180) (145) (3,325)
Other income 416 (58) 358
Other expense (192) (467) (659)
Financial interest on debt (466) - (466)
Financial income and expense from
cash & cash equivalents 87 8 95
Cost of net debt (379) 8 (371)
Other financial income 109 - 109
Other financial expense (130) - (130)
Net income (loss) from equity
affiliates 520 361 881
Income taxes (1,446) (193) (1,639)
Consolidated net income 3,062 350 3,412
Group share 3,003 341 3,344
Non-controlling interests 59 9 68
(a) Adjustments include special items, inventory valuation effect and the
effect of changes in fair value.
Consolidated
1(st) quarter 2020 statement
(M$) Adjusted Adjustments(a) of income
Sales 43,868 2 43,870
Excise taxes (5,293) - (5,293)
Revenues from sales 38,575 2 38,577
Purchases net of inventory
variation (26,107) (1,961) (28,068)
Other operating expenses (6,786) (158) (6,944)
Exploration costs (140) - (140)
Depreciation, depletion and
impairment of tangible assets and
mineral interests (3,635) - (3,635)
Other income 580 - 580
Other expense (191) (229) (420)
Financial interest on debt (567) (2) (569)
Financial income and expense from
cash & cash equivalents (10) (145) (155)
Cost of net debt (577) (147) (724)
Other financial income 188 - 188
Other financial expense (181) - (181)
Net income (loss) from equity
affiliates 658 74 732
Income taxes (585) 622 37
Consolidated net income 1,799 (1,797) 2
Group share 1,781 (1,747) 34
Non-controlling interests 18 (50) (32)
(a) Adjustments include special items, inventory valuation effect and the
effect of changes in fair value.
(1) Definition page 3.
(2) Excluding leases.
(3) Certain transitions referred to in the highlights are subject to approval by authorities or to conditions as per the agreements.
(4) Adjusted results are defined as income using replacement cost, adjusted for special items, excluding the impact of changes for fair value; adjustment items are on page 15.
(5) Group effective tax rate = (tax on adjusted net operating income) / (adjusted net operating income -- income from equity affiliates -- dividends received from investments -- impairment of goodwill + tax on adjusted net operating income).
(6) In accordance with IFRS rules, adjusted fully-diluted earnings per share is calculated from the adjusted net income less the interest on the perpetual subordinated bond
(7) Organic investments = net investments excluding acquisitions, asset sales and other operations with non-controlling interests.
(8) Net acquisitions = acquisitions -- assets sales -- other transactions with non-controlling interests (see page 15).
(9) Net investments = organic investments + net acquisitions (see page 15).
(MORE TO FOLLOW) Dow Jones Newswires
04-29-21 0610ET
