Income Statement Esso Cinnober Boat

Stocks

0N9V

FR0000120669

Oil & Gas Refining and Marketing

Delayed Cinnober Boat			5-day change	1st Jan Change
- ^EUR	-.--%		-.--%	-

04-29	North Atlantic Energies Reports Earnings Results for the Full Year Ended December 31, 2025	CI
04-20	North Atlantic Energies to record asset impairment for 2025

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Published financial data: ESSO

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	15.28B	24.94B	19.24B	17.94B	11.37B
Total Revenues	15.28B	24.94B	19.24B	17.94B	11.37B
Cost of Goods Sold, Total	14.27B	23.38B	18.07B	17.5B	11.08B
Gross Profit	1.01B	1.56B	1.17B	441M	284M
Selling General & Admin Expenses, Total	248M	248M	240M	227M	192M
Depreciation & Amortization - (IS)	69.1M	82.4M	80.1M	67.4M	74.5M
Other Operating Expenses	57.4M	216M	134M	145M	-2.3M
Other Operating Expenses, Total	374M	546M	454M	440M	264M
Operating Income	632M	1.01B	715M	1.9M	19.6M
Interest Expense, Total	-600K	-2.7M	-3.3M	-	-
Interest And Investment Income	16.4M	15.2M	39.8M	65.7M	54.6M
Net Interest Expenses	15.8M	12.5M	36.5M	65.7M	54.6M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-700K	-	-	-1.4M	26.5M
EBT, Excl. Unusual Items	647M	1.03B	752M	66.2M	101M
Gain (Loss) On Sale Of Assets	-	-	-	77.9M	-
Asset Writedown	88.5M	-8.6M	-28.1M	-	-206M
Other Unusual Items	-34.7M	-12.7M	-19.4M	-6.8M	-22.4M
EBT, Incl. Unusual Items	701M	1B	704M	137M	-128M
Income Tax Expense	128M	285M	27.5M	30.8M	-34.9M
Earnings From Continuing Operations	573M	719M	676M	106M	-92.8M
Net Income to Company	573M	719M	676M	106M	-92.8M
Net Income - (IS)	573M	719M	676M	106M	-92.8M
Net Income to Common Incl Extra Items	573M	719M	676M	106M	-92.8M
Net Income to Common Excl. Extra Items	573M	719M	676M	106M	-92.8M
Per Share Items
Net EPS - Basic	44.57	55.95	52.63	8.28	-7.22
Basic EPS - Continuing Operations	44.57	55.95	52.63	8.28	-7.22
Basic Weighted Average Shares Outstanding	12.85M	12.85M	12.85M	12.85M	12.85M
Net EPS - Diluted	44.57	55.95	52.63	8.28	-7.22
Diluted EPS - Continuing Operations	44.57	55.95	52.63	8.28	-7.22
Diluted Weighted Average Shares Outstanding	12.85M	12.85M	12.85M	12.85M	12.85M
Normalized Basic EPS	31.47	49.85	36.54	3.22	4.9
Normalized Diluted EPS	31.47	49.85	36.54	3.22	4.9
Dividend Per Share	-	2	3	3	-
Payout Ratio	-	-	3.8	181.03	-1.57K
Supplemental Items
EBITDA	695M	1.09B	791M	67.4M	92.4M
EBITA	642M	1.02B	724M	11.5M	28.9M
EBIT	632M	1.01B	715M	1.9M	19.6M
Total Revenues (As Reported)	15.31B	24.94B	19.24B	17.95B	11.42B
Effective Tax Rate - (Ratio)	18.27	28.37	3.91	22.43	27.33
Total Current Taxes	54.8M	219M	-53M	7.1M	1.2M
Total Deferred Taxes	73.3M	66M	80.5M	23.7M	-36.1M
Normalized Net Income	404M	641M	470M	41.38M	62.94M
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	5.1M	38.5M	2.9M	-40.4M	27.1M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	1.9M	2.8M	3.2M	2.7M	11.8M
Total Stock-Based Compensation	1.9M	2.8M	3.2M	2.7M	11.8M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	411M	-	1.05B	1.5B	200M
Total Cash And Short Term Investments	411M	-	1.05B	1.5B	200M
Accounts Receivable, Total	699M	1.37B	1.02B	851M	1.03B
Other Receivables	257M	424M	346M	304M	383M
Total Receivables	956M	1.8B	1.37B	1.15B	1.42B
Inventory	1.49B	1.81B	1.58B	1.19B	732M
Prepaid Expenses	19.3M	18.8M	28.5M	31.6M	48.9M
Total Current Assets	2.88B	3.63B	4.02B	3.87B	2.4B
Gross Property Plant And Equipment	2.59B	2.55B	2.55B	2.02B	1.99B
Accumulated Depreciation	-2B	-2B	-2.06B	-1.57B	-1.68B
Net Property Plant And Equipment	582M	543M	487M	454M	312M
Long-term Investments	197M	197M	174M	168M	162M
Other Intangibles, Total	49M	40.3M	31.6M	22.1M	12.8M
Deferred Tax Assets Long-Term	233M	85.9M	28.3M	6.3M	29.7M
Other Long-Term Assets, Total	-	-	-	-	74.5M
Total Assets	3.94B	4.49B	4.74B	4.52B	2.99B
Liabilities
Accounts Payable, Total	1.46B	762M	1.25B	1.29B	444M
Accrued Expenses, Total	379M	438M	452M	344M	320M
Short-term Borrowings	15.2M	750M	22.6M	600K	818M
Current Portion of Long-Term Debt	6.3M	6.8M	7.5M	8.3M	5.8M
Current Portion of Leases	4.1M	4M	2.4M	1.4M	1.3M
Current Income Taxes Payable	30.7M	30.6M	-	-	-
Unearned Revenue Current, Total	300K	400K	400K	300K	200K
Other Current Liabilities	76.1M	54.3M	146M	221M	287M
Total Current Liabilities	1.97B	2.05B	1.88B	1.86B	1.88B
Long-Term Debt	300K	100K	-	-	-
Long-Term Leases	14.6M	13.2M	7.8M	6.2M	4.1M
Pension & Other Post Retirement Benefits	1.03B	568M	424M	310M	266M
Other Non Current Liabilities	108M	89.3M	89.2M	95.3M	96.5M
Total Liabilities	3.13B	2.72B	2.4B	2.27B	2.24B
Common Stock, Total	98.4M	98.4M	98.4M	98.4M	98.4M
Additional Paid In Capital	10.1M	10.1M	10.1M	10.1M	10.1M
Retained Earnings	573M	719M	676M	106M	-92.8M
Comprehensive Income and Other	132M	948M	1.56B	2.04B	730M
Total Common Equity	814M	1.78B	2.34B	2.25B	746M
Total Equity	814M	1.78B	2.34B	2.25B	746M
Total Liabilities And Equity	3.94B	4.49B	4.74B	4.52B	2.99B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	12.85M	12.85M	12.85M	12.85M	12.85M
ECS Total Common Shares Outstanding	12.85M	12.85M	12.85M	12.85M	12.85M
Book Value / Share	63.3	138.13	182.35	175.1	58.03
Tangible Book Value	765M	1.74B	2.31B	2.23B	733M
Tangible Book Value Per Share	59.49	134.99	179.89	173.39	57.03
Total Debt	40.5M	774M	40.3M	16.5M	830M
Net Debt	-370M	774M	-1.01B	-1.48B	630M
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.07B	606M	450M	336M	277M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Work In Process, Total	810M	1.16B	842M	622M	499M
Inventories - Finished Goods, Total	746M	718M	791M	571M	228M
Inventories - Others	35.9M	38.9M	40.4M	38.6M	15.7M
Full Time Employees	1.63K	1.56K	1.58K	1.2K	1.06K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	573M	719M	676M	106M	-92.8M
Depreciation & Amortization - CF	59.6M	73.3M	71.3M	57.8M	65.2M
Amortization of Goodwill and Intangible Assets - (CF)	9.4M	9.1M	8.8M	9.6M	9.3M
Depreciation & Amortization, Total	69M	82.4M	80.1M	67.4M	74.5M
(Gain) Loss From Sale Of Asset	-1.6M	100K	10.3M	-84.2M	-10M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-18.8M	-77.2M	-154M	-38.7M	152M
Change In Accounts Receivable	-210M	-673M	350M	171M	-183M
Change In Inventories	-496M	-320M	234M	386M	461M
Change In Accounts Payable	678M	-699M	487M	37.5M	-842M
Change In Income Taxes	30.7M	-100K	-129M	51.7M	21.6M
Change in Other Net Operating Assets	-184M	-124M	291M	-48.2M	-133M
Cash from Operations	441M	-1.09B	1.85B	649M	-552M
Capital Expenditure	-30.8M	-41.3M	-59.5M	-100M	-132M
Sale of Property, Plant, and Equipment	2.7M	8M	6.4M	121M	25.2M
Cash from Investing	-28.1M	-33.3M	-53.1M	21.1M	-107M
Long-Term Debt Issued, Total	-	712M	-	-	820M
Total Debt Issued	-	712M	-	-	820M
Long-Term Debt Repaid, Total	-10.9M	-	-728M	-19.6M	-
Total Debt Repaid	-10.9M	-	-728M	-19.6M	-
Common Dividends Paid	-	-	-25.7M	-193M	-1.46B
Common & Preferred Stock Dividends Paid	-	-	-25.7M	-193M	-1.46B
Cash from Financing	-10.9M	712M	-754M	-212M	-636M
Net Change in Cash	402M	-412M	1.04B	458M	-1.3B
Supplemental Items
Cash Interest Paid	953K	2.51M	3.29M	3.35M	-
Levered Free Cash Flow	238M	-1.14B	1.68B	572M	-653M
Unlevered Free Cash Flow	239M	-1.14B	1.68B	572M	-653M
Change In Net Working Capital	197M	1.82B	-1.21B	-601M	620M
Net Debt Issued / Repaid	-10.9M	712M	-728M	-19.6M	820M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	11.9	15.01	9.68	0.03	0.33
Return on Total Capital	74.75	37.19	18.11	0.05	0.64
Return On Equity %	116.53	55.55	32.84	4.64	-6.19
Return on Common Equity	116.53	55.55	32.84	4.64	-6.19
Margin Analysis
Gross Profit Margin %	6.59	6.25	6.07	2.46	2.5
SG&A Margin	1.62	0.99	1.25	1.27	1.69
EBITDA Margin %	4.55	4.38	4.11	0.38	0.81
EBITA Margin %	4.2	4.1	3.76	0.06	0.25
EBIT Margin %	4.14	4.06	3.72	0.01	0.17
Income From Continuing Operations Margin %	3.75	2.88	3.52	0.59	-0.82
Net Income Margin %	3.75	2.88	3.52	0.59	-0.82
Net Avail. For Common Margin %	3.75	2.88	3.52	0.59	-0.82
Normalized Net Income Margin	2.65	2.57	2.44	0.23	0.55
Levered Free Cash Flow Margin	1.56	-4.59	8.74	3.19	-5.74
Unlevered Free Cash Flow Margin	1.56	-4.58	8.75	3.19	-5.74
Asset Turnover
Asset Turnover	4.6	5.91	4.17	3.87	3.03
Fixed Assets Turnover	27.88	44.32	37.35	38.14	29.68
Receivables Turnover (Average Receivables)	25.72	24.08	16.07	19.15	12.06
Inventory Turnover (Average Inventory)	11.46	14.15	10.66	12.63	11.52
Short Term Liquidity
Current Ratio	1.46	1.77	2.14	2.08	1.28
Quick Ratio	0.69	0.88	1.29	1.42	0.86
Operating Cash Flow to Current Liabilities	0.22	-0.53	0.98	0.35	-0.29
Days Sales Outstanding (Average Receivables)	14.19	15.15	22.71	19.11	30.27
Days Outstanding Inventory (Average Inventory)	31.84	25.8	34.24	28.97	31.68
Average Days Payable Outstanding	27.73	17.12	20.57	27.1	29.73
Cash Conversion Cycle (Average Days)	18.3	23.84	36.38	20.97	32.23
Long Term Solvency
Total Debt/Equity	4.98	43.6	1.72	0.73	111.22
Total Debt / Total Capital	4.74	30.36	1.69	0.73	52.66
LT Debt/Equity	1.83	0.75	0.33	0.28	0.55
Long-Term Debt / Total Capital	1.74	0.52	0.33	0.27	0.26
Total Liabilities / Total Assets	79.35	60.48	50.59	50.25	75.04
EBIT / Interest Expense	1.05K	375.11	216.67	-	-
EBITDA / Interest Expense	1.17K	405.63	240.94	-	-
(EBITDA - Capex) / Interest Expense	1.12K	390.33	222.91	-	-
Total Debt / EBITDA	0.06	0.71	0.05	0.24	8.82
Net Debt / EBITDA	-0.53	0.71	-1.27	-21.34	6.69
Total Debt / (EBITDA - Capex)	0.06	0.73	0.05	-0.53	-21.83
Net Debt / (EBITDA - Capex)	-0.55	0.73	-1.37	47.87	-16.57
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	47.15	63.22	-22.84	-6.74	-36.65
Gross Profit, 1 Yr. Growth %	-3.08K	54.9	-25	-62.23	-35.7
EBITDA, 1 Yr. Growth %	-267.18	56.9	-27.47	-91.48	37.09
EBITA, 1 Yr. Growth %	-226.5	59.3	-29.17	-98.41	151.3
EBIT, 1 Yr. Growth %	-223.17	60.23	-29.4	-99.73	931.58
Earnings From Cont. Operations, 1 Yr. Growth %	-177.43	25.54	-5.94	-84.26	-187.14
Net Income, 1 Yr. Growth %	-177.43	25.54	-5.94	-84.26	-187.14
Normalized Net Income, 1 Yr. Growth %	-229.34	58.42	-26.7	-91.19	52.11
Diluted EPS Before Extra, 1 Yr. Growth %	-177.43	25.53	-5.94	-84.27	-187.2
Accounts Receivable, 1 Yr. Growth %	42.85	96.32	-25.48	-16.74	21.55
Inventory, 1 Yr. Growth %	49.7	21.42	-12.92	-24.45	-38.65
Net Property, Plant and Equip., 1 Yr. Growth %	13.44	-6.78	-10.22	-6.93	-31.13
Total Assets, 1 Yr. Growth %	46.11	14.01	5.59	-4.63	-33.94
Tangible Book Value, 1 Yr. Growth %	586.45	126.93	33.26	-3.62	-67.11
Common Equity, 1 Yr. Growth %	379.78	118.21	32.01	-3.97	-66.86
Cash From Operations, 1 Yr. Growth %	-205.93	-347.46	-269.16	-64.84	-185.1
Capital Expenditures, 1 Yr. Growth %	-18.09	34.09	44.07	68.4	31.84
Levered Free Cash Flow, 1 Yr. Growth %	-216.27	-580.3	-246.9	-65.98	-214.19
Unlevered Free Cash Flow, 1 Yr. Growth %	-216.63	-578.84	-247.29	-66.03	-214.19
Dividend Per Share, 1 Yr. Growth %	-	-	50	0	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.62	54.97	12.22	-15.17	-23.13
Gross Profit, 2 Yr. CAGR %	40.36	579.02	7.78	-46.78	-50.72
EBITDA, 2 Yr. CAGR %	144.3	61.97	6.68	-75.15	-65.83
EBITA, 2 Yr. CAGR %	503.73	41.96	6.22	-89.39	-80.02
EBIT, 2 Yr. CAGR %	641.39	40.48	6.36	-95.67	-83.44
Earnings From Cont. Operations, 2 Yr. CAGR %	398	-1.41	8.67	-61.52	-62.96
Net Income, 2 Yr. CAGR %	398	-1.41	8.67	-61.52	-62.96
Normalized Net Income, 2 Yr. CAGR %	377.38	43.14	7.76	-74.59	-63.39
Diluted EPS Before Extra, 2 Yr. CAGR %	398	-1.41	8.66	-61.53	-62.96
Accounts Receivable, 2 Yr. CAGR %	15.94	67.46	20.96	-21.23	0.59
Inventory, 2 Yr. CAGR %	6.94	34.82	2.83	-18.89	-31.92
Net Property, Plant and Equip., 2 Yr. CAGR %	-18.82	2.83	-8.52	-8.59	-19.94
Total Assets, 2 Yr. CAGR %	0.24	29.06	9.72	0.35	-20.63
Tangible Book Value, 2 Yr. CAGR %	-7.03	294.68	73.89	13.33	-43.69
Common Equity, 2 Yr. CAGR %	-6.29	223.56	69.73	12.59	-43.59
Cash From Operations, 2 Yr. CAGR %	7.12	61.91	104.6	-22.88	-45.3
Capital Expenditures, 2 Yr. CAGR %	-47.51	4.8	38.99	55.76	49
Levered Free Cash Flow, 2 Yr. CAGR %	-14.04	136.36	165.62	-29.31	-37.68
Unlevered Free Cash Flow, 2 Yr. CAGR %	-14.1	136.37	165.57	-29.26	-37.71
Dividend Per Share, 2 Yr. CAGR %	-	-	-	22.47	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.94	19.01	22.83	5.51	-23.04
Gross Profit, 3 Yr. CAGR %	45.44	45.05	225.79	-24.01	-43.32
EBITDA, 3 Yr. CAGR %	151.51	110.79	23.92	-54.07	-56.09
EBITA, 3 Yr. CAGR %	63.94	287.23	12.59	-73.83	-69.53
EBIT, 3 Yr. CAGR %	60.88	344.91	11.69	-85.57	-73.15
Earnings From Cont. Operations, 3 Yr. CAGR %	65.36	214.59	-2.94	-42.93	-49.47
Net Income, 3 Yr. CAGR %	65.36	214.59	-2.94	-42.93	-49.47
Normalized Net Income, 3 Yr. CAGR %	66.62	230.5	14.52	-53.23	-53.86
Diluted EPS Before Extra, 3 Yr. CAGR %	65.34	214.59	-2.94	-42.94	-49.47
Accounts Receivable, 3 Yr. CAGR %	3.15	38.19	27.85	6.8	-8.98
Inventory, 3 Yr. CAGR %	5.75	11.56	16.54	-7.21	-26.1
Net Property, Plant and Equip., 3 Yr. CAGR %	-12.18	-14.99	-1.72	-7.99	-16.82
Total Assets, 3 Yr. CAGR %	3.06	4.64	20.71	4.71	-12.71
Tangible Book Value, 3 Yr. CAGR %	-8.58	25.18	174.83	42.84	-24.97
Common Equity, 3 Yr. CAGR %	-7.98	24.21	139.98	40.38	-25.11
Cash From Operations, 3 Yr. CAGR %	73.25	41.61	64.29	13.75	-20.3
Capital Expenditures, 3 Yr. CAGR %	-37.21	-28.25	16.53	48.17	47.34
Levered Free Cash Flow, 3 Yr. CAGR %	16.66	52.56	101.71	33.89	-17.06
Unlevered Free Cash Flow, 3 Yr. CAGR %	16.97	52.33	101.89	33.82	-17.02
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.51	13.67	5.31	3.94	1.83
Gross Profit, 5 Yr. CAGR %	3.67	16.7	29.01	-2.87	53.04
EBITDA, 5 Yr. CAGR %	7.69	26.35	78.48	-10.37	-25.98
EBITA, 5 Yr. CAGR %	11.12	34.12	37.81	-8.16	-43.62
EBIT, 5 Yr. CAGR %	11.32	34.62	36.33	-30.24	-47.95
Earnings From Cont. Operations, 5 Yr. CAGR %	15.69	35.32	39.8	35.75	-33.98
Net Income, 5 Yr. CAGR %	15.69	35.32	39.8	35.75	-33.98
Normalized Net Income, 5 Yr. CAGR %	11.29	33.43	39.97	18.44	-27.43
Diluted EPS Before Extra, 5 Yr. CAGR %	15.7	35.32	39.79	35.74	-33.98
Accounts Receivable, 5 Yr. CAGR %	1.27	18.45	9.94	10.36	16.16
Inventory, 5 Yr. CAGR %	8.36	9.83	4.57	-1.79	-6.01
Net Property, Plant and Equip., 5 Yr. CAGR %	-7.32	-8.48	-10.73	-12.49	-9.46
Total Assets, 5 Yr. CAGR %	2.6	4.36	5.68	2.9	2.07
Tangible Book Value, 5 Yr. CAGR %	-3.39	9.28	18.23	20.3	45.77
Common Equity, 5 Yr. CAGR %	-3.38	8.78	17.55	19.42	34.48
Cash From Operations, 5 Yr. CAGR %	15.78	28.41	85.17	11.05	5.82
Capital Expenditures, 5 Yr. CAGR %	-11.27	-16.19	-13.71	-2.17	28.57
Levered Free Cash Flow, 5 Yr. CAGR %	11.61	49.61	62.14	12.15	26.09
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.25	49.22	62.39	12.08	26.13
Dividend Per Share, 5 Yr. CAGR %	-	5.92	-	-	-