Income Statement Gazprom

Stocks

SIBN

RU0009062467

Integrated Oil & Gas

End-of-day quote Moscow Micex - RTS 08/07/2022			5-day change	1st Jan Change
390.30 ^RUB	+0.61%		-.--%	-

09-24	Serbia's Russian-owned NIS oil firm seeks new US sanctions waiver	RE
09-21	Moscow oil refinery output halted after Sunday drone attack, sources say	RE

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Published financial data: GAZPROM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020 (RUB)	2021 (RUB)	2022 (RUB)	2023 (RUB)	2024 (RUB)
Revenues	1,709B	2,972B	3,412B	3,520B	3,828B
Other Revenues, Total	80.03B	96.66B	-	-	272B
Total Revenues	1,789B	3,068B	3,412B	3,520B	4,100B
Cost of Goods Sold, Total	687B	1,335B	315B	427B	1,715B
Gross Profit	1,102B	1,734B	3,097B	3,093B	2,384B
Selling General & Admin Expenses, Total	116B	132B	-	-	150B
Exploration / Drilling Costs, Total	994M	435M	-	-	-
Depreciation & Amortization - (IS)	213B	228B	310B	365B	471B
Impairment of Oil, Gas & Mineral Properties - (IS)	8.86B	-	-	-	-
Other Operating Expenses	624B	818B	1,916B	2,007B	1,085B
Other Operating Expenses, Total	963B	1,179B	2,226B	2,372B	1,706B
Operating Income	139B	555B	870B	721B	679B
Interest Expense, Total	-22.81B	-19.11B	-	-	-70.97B
Interest And Investment Income	7.88B	17.97B	-	-	54.86B
Net Interest Expenses	-14.93B	-1.14B	-	-	-16.11B
Income (Loss) On Equity Invest.	48.05B	102B	88.6B	102B	65.95B
Currency Exchange Gains (Loss)	-23.65B	4.76B	-	-	-27B
Other Non Operating Income (Expenses)	3.04B	-16.33B	-64.6B	-55.63B	-17.19B
EBT, Excl. Unusual Items	152B	645B	894B	768B	684B
Gain (Loss) On Sale Of Assets	-8.27B	-11.55B	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	143B	633B	894B	768B	684B
Income Tax Expense	22.84B	114B	158B	130B	184B
Earnings From Continuing Operations	121B	519B	736B	638B	501B
Earnings Of Discontinued Operations	-	-	21.82B	-	-
Net Income to Company	121B	519B	758B	638B	501B
Minority Interest	-2.93B	-15.92B	-6.81B	3.59B	-21.31B
Net Income - (IS)	118B	503B	751B	641B	479B
Net Income to Common Incl Extra Items	118B	503B	751B	641B	479B
Net Income to Common Excl. Extra Items	118B	503B	730B	641B	479B
Per Share Items
Net EPS - Basic	24.95	106.71	159.28	135.89	101.62
Basic EPS - Continuing Operations	24.95	106.71	154.65	135.89	101.62
Basic Weighted Average Shares Outstanding	4.72B	4.72B	4.72B	4.72B	4.72B
Net EPS - Diluted	24.95	106.71	159.28	135.89	101.62
Diluted EPS - Continuing Operations	24.95	106.71	154.65	135.89	101.62
Diluted Weighted Average Shares Outstanding	4.72B	4.72B	4.72B	4.72B	4.72B
Normalized Basic EPS	19.48	82.01	117.03	102.45	86.16
Normalized Diluted EPS	19.48	82.01	117.03	102.45	86.16
Dividend Per Share	15	56	-	102.43	79.17
Payout Ratio	79.43	14.06	-	-	-
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	351B	771B	1,181B	1,086B	1,150B
EBITA	147B	564B	870B	721B	679B
EBIT	139B	555B	870B	721B	679B
EBITDAR	370B	790B	-	-	-
Total Revenues (As Reported)	2,000B	3,068B	-	-	4,100B
Effective Tax Rate - (Ratio)	15.92	17.95	17.65	16.95	26.84
Total Current Taxes	22.84B	67.92B	-	-	86.64B
Total Deferred Taxes	2M	45.69B	-	-	97.08B
Normalized Net Income	91.9B	387B	552B	483B	406B
Interest Capitalized	31.19B	37.47B	-	-	-
Interest on Long-Term Debt	6.39B	5.8B	-	-	-
Supplemental Operating Expense Items
Exploration/Drilling Costs	994M	435M	-	-	-
Net Rental Expense, Total	19.15B	19.14B	-	-	-
Imputed Operating Lease Interest Expense	9.83B	10.15B	-	-	-
Imputed Operating Lease Depreciation	9.32B	8.99B	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	394M	6.66B	-	-	-
Total Stock-Based Compensation	394M	6.66B	-	-	-

Fiscal Period: December	2020 (RUB)	2021 (RUB)	2022 (RUB)	2023 (RUB)	2024 (RUB)
Assets
Cash And Equivalents	237B	573B	452B	593B	218B
Short Term Investments	1B	1.15B	-	-	20.77B
Total Cash And Short Term Investments	238B	575B	452B	593B	239B
Accounts Receivable, Total	153B	179B	-	-	255B
Other Receivables	82.66B	133B	-	-	202B
Notes Receivable	-	-43M	-	-	-
Total Receivables	236B	312B	-	-	458B
Inventory	217B	230B	-	-	321B
Prepaid Expenses	13.13B	10.01B	-	-	-
Other Current Assets, Total	57.61B	89.21B	685B	916B	97.44B
Total Current Assets	762B	1,216B	1,137B	1,509B	1,115B
Gross Property Plant And Equipment	4,330B	4,634B	4,587B	5,298B	6,319B
Accumulated Depreciation	-1,410B	-1,524B	-1,547B	-1,896B	-2,335B
Net Property Plant And Equipment	2,920B	3,110B	3,041B	3,403B	3,984B
Long-term Investments	379B	433B	-	-	765B
Goodwill	40.32B	28.64B	-	-	-
Other Intangibles, Total	72.45B	93.58B	-	-	170B
Accounts Receivable Long-Term	435M	545M	-	-	-
Loans Receivable Long-Term	4.38B	5.76B	-	-	-
Deferred Tax Assets Long-Term	33.43B	18.81B	-	-	30B
Other Long-Term Assets, Total	46.85B	55.37B	951B	1,142B	76.39B
Total Assets	4,259B	4,960B	5,129B	6,054B	6,141B
Liabilities
Accounts Payable, Total	308B	432B	-	-	24B
Accrued Expenses, Total	127B	165B	-	-	259B
Short-term Borrowings	1.06B	321M	24.77B	199B	208B
Current Portion of Long-Term Debt	44.63B	180B	-	-	-
Current Portion of Leases	11.63B	12.56B	-	-	39.7B
Current Income Taxes Payable	6.04B	25.94B	-	-	6.24B
Unearned Revenue Current, Total	194B	298B	-	-	-
Other Current Liabilities	94.2B	250B	1,265B	1,573B	956B
Total Current Liabilities	786B	1,364B	1,290B	1,772B	1,493B
Long-Term Debt	739B	553B	614B	699B	752B
Long-Term Leases	83.7B	80.9B	-	-	175B
Unearned Revenue Non Current	-	64.28B	-	-	-
Deferred Tax Liability Non Current	165B	191B	-	-	324B
Other Non Current Liabilities	223B	169B	489B	589B	228B
Total Liabilities	1,997B	2,422B	2,393B	3,060B	2,972B
Common Stock, Total	98M	98M	2,736B	2,994B	3,088B
Additional Paid In Capital	29.49B	35.98B	-	-	-
Retained Earnings	1,944B	2,212B	-	-	-
Treasury Stock	-1.17B	-1.17B	-	-	-
Comprehensive Income and Other	112B	102B	-	-	-
Total Common Equity	2,085B	2,348B	2,736B	2,994B	3,088B
Minority Interest	178B	190B	-	-	80.85B
Total Equity	2,262B	2,538B	2,736B	2,994B	3,169B
Total Liabilities And Equity	4,259B	4,960B	5,129B	6,054B	6,141B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.72B	4.72B	4.72B	4.72B	4.72B
ECS Total Common Shares Outstanding	4.72B	4.72B	4.72B	4.72B	4.72B
Book Value / Share	441.85	497.69	579.83	634.53	654.49
Tangible Book Value	1,972B	2,226B	2,736B	2,994B	2,918B
Tangible Book Value Per Share	417.95	471.78	579.83	634.53	618.48
Total Debt	880B	827B	638B	898B	1,175B
Net Debt	642B	253B	186B	305B	937B
Debt Equivalent Oper. Leases	153B	153B	-	-	-
Minority Interest, Total (Incl. Fin. Div)	178B	190B	-	-	80.85B
Equity Method Investments, Total	378B	432B	-	-	718B
Account Code - Inventory Valuation	6	6	-	3	6
Inventories - Raw Materials, Total	39B	38.75B	-	-	-
Inventories - Finished Goods, Total	79.59B	124B	-	-	-
Inventories - Others	100B	69.01B	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	2.58B	2.43B	-	-	-

Fiscal Period: December	2020 (RUB)	2021 (RUB)	2022 (RUB)	2023 (RUB)	2024 (RUB)
Net Income	118B	503B	751B	641B	479B
Depreciation & Amortization - CF	205B	217B	310B	365B	471B
Amortization of Goodwill and Intangible Assets - (CF)	7.69B	8.95B	-	-	-
Impairment of Oil, Gas & Mineral Properties - (CF)	8.86B	-	-	-	-
Depreciation & Amortization, Total	222B	226B	310B	365B	471B
Amortization of Deferred Charges, Total - (CF)	6.4B	8.63B	-	-	-
(Income) Loss On Equity Investments - (CF)	-48.05B	-102B	-	-	-65.95B
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	13.24B	146B	-269B	-82.74B	13.1B
Change In Accounts Receivable	23.37B	-39.09B	-	-	-
Change In Inventories	-32.49B	-77.13B	-	-	-
Change In Accounts Payable	-17.63B	126B	-	-	-
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	233B	151B	-	-	-73.56B
Cash from Operations	517B	942B	793B	923B	824B
Capital Expenditure	-414B	-442B	-	-	-505B
Sale of Property, Plant, and Equipment	42.36B	1.25B	-	-	290M
Cash Acquisitions	-	-718M	-	-	-
Divestitures	6.32B	5.36B	-	-	-
Sale (Purchase) of Intangible assets	-30.09B	-30.56B	-	-	-
Investment in Marketable and Equity Securities, Total	10.55B	-9.06B	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	3.12B	-452M	-	-	-
Other Investing Activities, Total	7.1B	15.96B	-550B	-572B	26.74B
Cash from Investing	-374B	-460B	-550B	-572B	-478B
Short Term Debt Issued, Total	25.45B	3.22B	-	-	-
Long-Term Debt Issued, Total	92.85B	57.45B	-	-	-
Total Debt Issued	118B	60.67B	-	-	-
Short Term Debt Repaid, Total	-39.95B	-3.89B	-	-	-
Long-Term Debt Repaid, Total	-101B	-119B	-	-	-
Total Debt Repaid	-141B	-123B	-	-	-
Common Dividends Paid	-93.49B	-70.76B	-	-	-
Common & Preferred Stock Dividends Paid	-93.49B	-70.76B	-	-	-
Other Financing Activities, Total	-8.04B	-9.77B	-336B	-221B	-719B
Cash from Financing	-124B	-143B	-336B	-221B	-719B
Foreign Exchange Rate Adjustments	15.67B	-2.25B	-	-	4.31B
Net Change in Cash	34.61B	336B	-92.79B	130B	-369B
Supplemental Items
Cash Interest Paid	55.42B	53.55B	-	-	-
Cash Income Tax Paid (Refund)	18.78B	61.17B	-	-	-
Levered Free Cash Flow	137B	429B	905B	892B	51.45B
Unlevered Free Cash Flow	152B	441B	905B	892B	95.81B
Change In Net Working Capital	-280B	-326B	-50.88B	-76.31B	294B
Net Debt Issued / Repaid	-22.42B	-62.67B	-	-	-

Fiscal Period: December	2020 (RUB)	2021 (RUB)	2022 (RUB)	2023 (RUB)	2024 (RUB)
Profitability
Return on Assets	2.15	7.52	10.78	8.06	6.96
Return on Total Capital	2.83	10.66	16.14	12.4	10.03
Return On Equity %	5.39	21.64	27.93	22.25	16.25
Return on Common Equity	5.68	22.71	28.71	22.38	15.94
Margin Analysis
Gross Profit Margin %	61.6	56.51	90.76	87.87	58.16
SG&A Margin	6.48	4.31	-	-	3.66
EBITDA Margin %	19.61	25.12	34.6	30.84	28.04
EBITA Margin %	8.21	18.37	25.51	20.48	16.56
EBIT Margin %	7.78	18.08	25.51	20.48	16.56
Income From Continuing Operations Margin %	6.74	16.93	21.58	18.11	12.21
Net Income Margin %	6.58	16.41	22.02	18.21	11.69
Net Avail. For Common Margin %	6.58	16.41	21.38	18.21	11.69
Normalized Net Income Margin	5.14	12.61	16.18	13.73	9.92
Levered Free Cash Flow Margin	7.68	13.99	26.53	25.33	1.25
Unlevered Free Cash Flow Margin	8.48	14.38	26.53	25.33	2.34
Asset Turnover
Asset Turnover	0.44	0.67	0.68	0.63	0.67
Fixed Assets Turnover	0.65	1.02	1.11	1.09	1.08
Receivables Turnover (Average Receivables)	11.21	17.9	-	-	15.22
Inventory Turnover (Average Inventory)	3.51	5.97	-	-	5.34
Short Term Liquidity
Current Ratio	0.97	0.89	0.88	0.85	0.75
Quick Ratio	0.6	0.65	0.35	0.33	0.47
Operating Cash Flow to Current Liabilities	0.66	0.69	0.61	0.52	0.55
Days Sales Outstanding (Average Receivables)	32.64	20.4	-	-	24.05
Days Outstanding Inventory (Average Inventory)	104.17	61.17	-	-	68.51
Average Days Payable Outstanding	147.24	100.23	-	-	114.21
Cash Conversion Cycle (Average Days)	-10.43	-18.67	-	-	-21.64
Long Term Solvency
Total Debt/Equity	38.88	32.6	23.34	29.99	37.09
Total Debt / Total Capital	27.99	24.59	18.92	23.07	27.06
LT Debt/Equity	36.34	24.99	22.43	23.35	29.27
Long-Term Debt / Total Capital	26.17	18.84	18.19	17.96	21.35
Total Liabilities / Total Assets	46.88	48.83	46.66	50.55	48.4
EBIT / Interest Expense	6.11	29.03	-	-	9.57
EBITDA / Interest Expense	15.83	40.85	-	-	16.2
(EBITDA - Capex) / Interest Expense	-2.31	17.73	-	-	9.08
Total Debt / EBITDA	2.44	1.06	0.54	0.83	1.02
Net Debt / EBITDA	1.78	0.32	0.16	0.28	0.81
Total Debt / (EBITDA - Capex)	-16.72	2.44	0.54	0.83	1.82
Net Debt / (EBITDA - Capex)	-12.2	0.75	0.16	0.28	1.45
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-25.92	71.49	11.2	3.16	16.47
Gross Profit, 1 Yr. Growth %	-22.27	57.3	78.61	-0.13	10.61
EBITDA, 1 Yr. Growth %	-42.89	119.72	53.19	-8.06	5.89
EBITA, 1 Yr. Growth %	-67.22	283.71	54.38	-17.15	-5.85
EBIT, 1 Yr. Growth %	-68.53	298.47	56.87	-17.15	-5.85
Earnings From Cont. Operations, 1 Yr. Growth %	-71.42	330.53	41.8	-13.44	-21.45
Net Income, 1 Yr. Growth %	-70.59	327.74	49.27	-14.69	-25.22
Normalized Net Income, 1 Yr. Growth %	-69.65	320.99	42.71	-12.46	-15.9
Diluted EPS Before Extra, 1 Yr. Growth %	-70.59	327.74	44.93	-12.13	-25.22
Accounts Receivable, 1 Yr. Growth %	1.08	16.69	-	-	3.06
Inventory, 1 Yr. Growth %	25.19	5.74	-	-	0
Net Property, Plant and Equip., 1 Yr. Growth %	14.59	6.48	-2.21	11.9	10.7
Total Assets, 1 Yr. Growth %	11.34	16.47	3.39	18.03	1.44
Tangible Book Value, 1 Yr. Growth %	0.17	12.88	22.9	9.43	4.85
Common Equity, 1 Yr. Growth %	1.33	12.64	16.51	9.43	5.45
Cash From Operations, 1 Yr. Growth %	-15.11	82.17	-15.79	16.36	-10.75
Capital Expenditures, 1 Yr. Growth %	-4.99	6.85	-	-	-3.24
Levered Free Cash Flow, 1 Yr. Growth %	-197.96	214.39	110.86	-1.51	-85.22
Unlevered Free Cash Flow, 1 Yr. Growth %	-223.96	192.59	105.16	-1.51	-74.46
Dividend Per Share, 1 Yr. Growth %	-60.48	273.33	-	-	-22.71
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-12.97	12.72	38.09	7.1	9.61
Gross Profit, 2 Yr. CAGR %	-14.17	10.57	67.62	33.56	-12.25
EBITDA, 2 Yr. CAGR %	-25.2	12.01	83.46	18.68	-1.33
EBITA, 2 Yr. CAGR %	-43.42	12.14	143.39	13.09	-11.68
EBIT, 2 Yr. CAGR %	-44.56	11.98	150.02	14	-11.68
Earnings From Cont. Operations, 2 Yr. CAGR %	-45.15	10.93	147.08	10.79	-17.54
Net Income, 2 Yr. CAGR %	-44.1	12.16	152.68	12.85	-20.12
Normalized Net Income, 2 Yr. CAGR %	-43.12	13.04	145.11	11.77	-14.2
Diluted EPS Before Extra, 2 Yr. CAGR %	-44.1	12.16	148.98	12.85	-18.94
Accounts Receivable, 2 Yr. CAGR %	9.82	8.6	-	-	-
Inventory, 2 Yr. CAGR %	20.41	15.05	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	11.09	10.46	2.04	4.61	14.47
Total Assets, 2 Yr. CAGR %	9.99	13.87	9.74	10.47	9.42
Tangible Book Value, 2 Yr. CAGR %	5.85	6.33	17.79	15.97	3.28
Common Equity, 2 Yr. CAGR %	6.44	6.84	14.56	12.91	6.24
Cash From Operations, 2 Yr. CAGR %	-1.92	24.36	23.85	-1.01	1.91
Capital Expenditures, 2 Yr. CAGR %	5.71	0.75	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	9.01	74.93	157.48	44.11	-76.16
Unlevered Free Cash Flow, 2 Yr. CAGR %	9.42	89.9	145.01	42.15	-67.47
Dividend Per Share, 2 Yr. CAGR %	-29.29	21.46	-	35.24	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.32	9.11	12.21	25.3	10.14
Gross Profit, 3 Yr. CAGR %	-0.53	5.04	29.74	41.05	11.2
EBITDA, 3 Yr. CAGR %	-7.26	7.13	24.33	45.73	14.25
EBITA, 3 Yr. CAGR %	-21.58	7.09	24.75	69.94	6.39
EBIT, 3 Yr. CAGR %	-22.55	7	25.29	73.01	6.96
Earnings From Cont. Operations, 3 Yr. CAGR %	-23.52	9	20.39	74.18	-1.21
Net Income, 3 Yr. CAGR %	-22.54	10.15	23.37	75.95	-1.61
Normalized Net Income, 3 Yr. CAGR %	-21.39	10.85	22.17	73.9	1.66
Diluted EPS Before Extra, 3 Yr. CAGR %	-22.54	10.15	22.17	75.95	-1.62
Accounts Receivable, 3 Yr. CAGR %	15.22	12.06	-	-	12.6
Inventory, 3 Yr. CAGR %	22.48	15.31	-	-	11.78
Net Property, Plant and Equip., 3 Yr. CAGR %	12.48	9.54	6.06	5.23	8.61
Total Assets, 3 Yr. CAGR %	13.28	12.1	10.27	12.43	7.37
Tangible Book Value, 3 Yr. CAGR %	10.06	8.14	11.59	14.93	9.44
Common Equity, 3 Yr. CAGR %	10.31	8.46	9.97	12.82	9.56
Cash From Operations, 3 Yr. CAGR %	7.03	20.56	9.2	21.31	-4.37
Capital Expenditures, 3 Yr. CAGR %	5.01	6.09	-	-	4.59
Levered Free Cash Flow, 3 Yr. CAGR %	-0.22	54.84	86.17	86.9	-50.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	-0.14	51.58	94.86	80.82	-39.9
Dividend Per Share, 3 Yr. CAGR %	0	23.13	-	89.72	12.23
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.04	14.7	13.56	8.3	11.16
Gross Profit, 5 Yr. CAGR %	7.31	15.07	22.56	15.63	10.95
EBITDA, 5 Yr. CAGR %	2.04	16.15	21.84	11.61	13.35
EBITA, 5 Yr. CAGR %	-6.7	18.59	23.36	9.45	8.65
EBIT, 5 Yr. CAGR %	-7.35	18.64	23.76	9.75	8.94
Earnings From Cont. Operations, 5 Yr. CAGR %	0.75	19.88	22.25	9.72	3.48
Net Income, 5 Yr. CAGR %	1.42	20.26	24.3	11.22	3.68
Normalized Net Income, 5 Yr. CAGR %	3.03	20.01	23.89	11.22	6.07
Diluted EPS Before Extra, 5 Yr. CAGR %	1.43	20.26	23.57	11.22	3.68
Accounts Receivable, 5 Yr. CAGR %	11.74	10.42	-	-	10.99
Inventory, 5 Yr. CAGR %	16.26	17.95	-	-	13.08
Net Property, Plant and Equip., 5 Yr. CAGR %	12.96	12.49	8.18	7.54	9.35
Total Assets, 5 Yr. CAGR %	11.37	14.24	11.85	11.45	9.93
Tangible Book Value, 5 Yr. CAGR %	12.75	11.53	13.09	11.21	8.19
Common Equity, 5 Yr. CAGR %	12.5	11.54	11.99	10.22	8.46
Cash From Operations, 5 Yr. CAGR %	12.64	24	13.47	11.42	6.23
Capital Expenditures, 5 Yr. CAGR %	3.45	2.8	-	-	3.04
Levered Free Cash Flow, 5 Yr. CAGR %	3.01	27.28	45.6	50.45	-18.18
Unlevered Free Cash Flow, 5 Yr. CAGR %	8.99	32.38	42.83	47.73	-4.77
Dividend Per Share, 5 Yr. CAGR %	18.31	39.29	-	27.84	15.84