TotalEnergies : Accounts (pdf – 387 KB)

CONSOLIDATED STATEMENT OF INCOME

TotalEnergies

(unaudited)

	2nd quarter	1st quarter	2nd quarter
(M$)(a)	2021	2021	2020
Sales	47,049		43,737		25,730
Excise taxes	(5,416)	(5,104)	(4,168)
Revenues from sales	41,633		38,633		21,562
Purchases, net of inventory variation	(26,719)	(23,398)	(12,025)
Other operating expenses	(6,717)	(6,880)	(6,321)
Exploration costs	(123)	(167)	(114)
Depreciation, depletion and impairment of tangible assets and mineral interests	(3,121)	(3,325)	(11,593)
Other income	223		358		362
Other expense	(298)	(659)	(108)
Financial interest on debt	(501)	(466)	(530)
Financial income and expense from cash & cash equivalents	77		95		50
Cost of net debt	(424)		(371)		(480)
Other financial income	265		109		419
Other financial expense	(131)	(130)	(161)
Net income (loss) from equity affiliates	(680)	881		(447)
Income taxes	(1,609)	(1,639)	484
Consolidated net income	2,299		3,412		(8,422)
TotalEnergies share	2,206		3,344		(8,369)
Non-controlling interests	93		68		(53)
Earnings per share ($)	0.80		1.24		(3.27)
Fully-diluted earnings per share ($)	0.80		1.23		(3.27)

(a) Except for per share amounts.

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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

TotalEnergies

(unaudited)

	2nd quarter		1st quarter		2nd quarter
(M$)	2021	2021	2020
Consolidated net income	2,299	3,412	(8,422)
Other comprehensive income
Actuarial gains and losses	449	-	(356)
Change in fair value of investments in equity instruments	56	12	90
Tax effect	(142)	(12)	101
Currency translation adjustment generated by the parent company	1,239		(4,173)		1,780
Items not potentially reclassifiable to profit and loss	1,602	(4,173)	1,615
Currency translation adjustment	(746)	2,523	(919)
Cash flow hedge	(424)	504	231
Variation of foreign currency basis spread	(4)	-	14
share of other comprehensive income of equity affiliates, net amount	(18)	469	296
Other	(1)	1	-
Tax effect	100		(157)		(78)
Items potentially reclassifiable to profit and loss	(1,093)	3,340	(456)
Total other comprehensive income (net amount)	509	(833)	1,159
Comprehensive income	2,808	2,579	(7,263)
TotalEnergies share	2,670	2,542	(7,253)
Non-controlling interests	138	37	(10)

2

CONSOLIDATED STATEMENT OF INCOME

TotalEnergies

(unaudited)

	1st half
(M$)(a)	2021
Sales	90,786
Excise taxes	(10,520)
Revenues from sales	80,266
Purchases, net of inventory variation	(50,117)
Other operating expenses	(13,597)
Exploration costs	(290)
Depreciation, depletion and impairment of tangible assets and mineral interests	(6,446)
Other income	581
Other expense	(957)
Financial interest on debt	(967)
Financial income and expense from cash & cash equivalents	172
Cost of net debt	(795)
Other financial income	374
Other financial expense	(261)
Net income (loss) from equity affiliates	201
Income taxes	(3,248)
Consolidated net income	5,711
TotalEnergies share	5,550
Non-controlling interests	161
Earnings per share ($)	2.04
Fully-diluted earnings per share ($)	2.03

(a) Except for per share amounts.

1st half

2020

69,600

(9,461)

60,139

(40,093)

(13,265)

(254)

(15,228)

942

(528)

(1,099)

(105)

(1,204)

607

(342)

285

521

(8,420)

(8,335)

(85)

(3.29)

(3.29)

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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

TotalEnergies

(unaudited)

	1st half
(M$)	2021
Consolidated net income	5,711
Other comprehensive income
Actuarial gains and losses	449
Change in fair value of investments in equity instruments	68
Tax effect	(154)
Currency translation adjustment generated by the parent company	(2,934)
Items not potentially reclassifiable to profit and loss	(2,571)
Currency translation adjustment	1,777
Cash flow hedge	80
Variation of foreign currency basis spread	(4)
share of other comprehensive income of equity affiliates, net amount	451
Other	-
Tax effect	(57)
Items potentially reclassifiable to profit and loss	2,247
Total other comprehensive income (net amount)	(324)
Comprehensive income	5,387
TotalEnergies share	5,212
Non-controlling interests	175

1st half

2020

(8,420)

(223)

(74)

86

(196)

(407)

(940)

(1,293)

70

(927)

3

367

(2,720)

(3,127)

(11,547)

(11,424)

(123)

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CONSOLIDATED BALANCE SHEET

TotalEnergies

	June 30,		March 31,		December 31,		June 30,
	2021	2021	2020	2020
(M$)	(unaudited)		(unaudited)				(unaudited)

ASSETS

Non-current assets
Intangible assets, net	33,359	33,239	33,528	33,114
Property, plant and equipment, net	106,791	106,859	108,335	104,925
Equity affiliates : investments and loans	29,712	30,727	27,976	27,470
Other investments	2,247	2,062	2,007	1,627
Non-current financial assets	3,778	3,700	4,781	2,431
Deferred income taxes	6,578	6,619	7,016	7,257
Other non-current assets	2,800		2,638		2,810		2,539
Total non-current assets	185,265	185,844	186,453	179,363
Current assets
Inventories, net	19,162	16,192	14,730	12,688
Accounts receivable, net	17,192	17,532	14,068	13,481
Other current assets	17,585	14,304	13,428	17,155
Current financial assets	4,404	4,605	4,630	6,570
Cash and cash equivalents	28,643	30,285	31,268	29,727
Assets classified as held for sale	456		396		1,555		421
Total current assets	87,442	83,314	79,679	80,042
Total assets	272,707	269,158	266,132	259,405
LIABILITIES & SHAREHOLDERS' EQUITY
Shareholders' equity
Common shares	8,224	8,193	8,267	8,159
Paid-in surplus and retained earnings	110,967	112,676	107,078	107,934
Currency translation adjustment	(11,087)	(11,566)	(10,256)	(13,265)
Treasury shares	(8)		(8)		(1,387)		(1,623)
Total shareholders' equity - TotalEnergies share	108,096	109,295	103,702	101,205
Non-controlling interests	2,480	2,390	2,383	2,334
Total shareholders' equity	110,576	111,685	106,085	103,539
Non-current liabilities
Deferred income taxes	10,596	10,387	10,326	10,346
Employee benefits	3,305	3,644	3,917	3,612
Provisions and other non-current liabilities	20,716	20,893	20,925	19,487
Non-current financial debt	52,331		52,541		60,203		61,540
Total non-current liabilities	86,948	87,465	95,371	94,985
Current liabilities
Accounts payable	29,752	26,959	23,574	19,198
Other creditors and accrued liabilities	27,836	22,066	22,465	24,790
Current borrowings	16,983	20,471	17,099	16,154
Other current financial liabilities	322	351	203	411
Liabilities directly associated with the assets classified as held for sale	290		161		1,335		328
Total current liabilities	75,183	70,008	64,676	60,881
Total liabilities & shareholders' equity	272,707	269,158	266,132	259,405
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