Petróleo Brasileiro S.A. - Petrobras (BVMF: PETR3)

PETR3 Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	503,819	511,994	641,256	452,668	272,069	263,827
Revenue Growth (YoY)	-6.06%	-20.16%	41.66%	66.38%	3.12%	-14.96%
Cost of Revenue	242,867	242,061	307,156	233,031	148,107	141,722
Gross Profit	260,952	269,933	334,100	219,637	123,962	122,105
Selling, General & Admin	35,606	33,115	32,325	29,146	30,545	26,114
Research & Development	4,061	3,619	4,087	3,033	1,819	2,268
Other Operating Expenses	25,571	22,834	-10,922	6,195	-7,274	13,707
Operating Expenses	71,345	65,995	30,572	32,304	43,655	44,335
Operating Income	189,607	203,938	303,528	187,333	80,307	77,770
Interest Expense	-14,653	-13,764	-13,790	-16,801	-20,508	-13,810
Interest & Investment Income	8,343	8,258	5,955	1,706	1,017	2,247
Earnings From Equity Investments	-2,280	-1,480	1,291	8,427	-3,272	547
Currency Exchange Gain (Loss)	-34,347	-7,634	-19,537	-39,728	-31,142	-11,852
Other Non Operating Income (Expenses)	-1,207	5,583	11,391	5,493	10,439	-4,536
EBT Excluding Unusual Items	145,463	194,901	288,838	146,430	36,841	50,366
Merger & Restructuring Charges	-	-	-	-	-5,408	-791
Impairment of Goodwill	-	-	-	-	-31	-
Gain (Loss) on Sale of Investments	-	-	-	-	-225	-127
Gain (Loss) on Sale of Assets	1,633	6,511	5,884	10,889	2,709	23,798
Asset Writedown	-9,008	-11,576	-6,393	7,089	-19,833	-12,581
Legal Settlements	-4,629	-3,420	-6,512	-2,615	-1,830	-5,079
Other Unusual Items	-15,967	-8,935	-6,819	-10,218	-12,186	-8,344
Pretax Income	117,492	177,481	274,998	151,575	37	47,242
Income Tax Expense	32,358	52,315	85,993	44,311	-6,209	16,400
Earnings From Continuing Operations	85,134	125,166	189,005	107,264	6,246	30,842
Earnings From Discontinued Operations	-	-	-	-	-	10,128
Net Income to Company	85,134	125,166	189,005	107,264	6,246	40,970
Minority Interest in Earnings	-441	-560	-677	-596	862	-833
Net Income	84,693	124,606	188,328	106,668	7,108	40,137
Net Income to Common	84,693	124,606	188,328	106,668	7,108	40,137
Net Income Growth	-38.14%	-33.84%	76.56%	1400.68%	-82.29%	55.70%
Shares Outstanding (Basic)	12,918	13,022	13,044	13,044	13,044	13,044
Shares Outstanding (Diluted)	12,918	13,022	13,044	13,044	13,044	13,044
Shares Change (YoY)	-0.95%	-0.17%	-	-	-	-0.00%
EPS (Basic)	6.56	9.57	14.44	8.18	0.54	3.08
EPS (Diluted)	6.56	9.57	14.44	8.18	0.54	3.08
EPS Growth	-37.54%	-33.72%	76.56%	1400.68%	-82.29%	55.70%
Free Cash Flow	142,289	155,381	205,754	168,992	118,132	67,756
Free Cash Flow Per Share	11.01	11.93	15.77	12.96	9.06	5.19
Dividend Per Share	6.075	6.268	17.062	7.773	0.793	0.926
Dividend Growth	-22.43%	-63.26%	119.50%	880.43%	-14.34%	0.33%
Gross Margin	51.79%	52.72%	52.10%	48.52%	45.56%	46.28%
Operating Margin	37.63%	39.83%	47.33%	41.38%	29.52%	29.48%
Profit Margin	16.81%	24.34%	29.37%	23.56%	2.61%	15.21%
Free Cash Flow Margin	28.24%	30.35%	32.09%	37.33%	43.42%	25.68%
EBITDA	229,211	246,184	352,315	218,583	134,464	118,655
EBITDA Margin	45.49%	48.08%	54.94%	48.29%	49.42%	44.97%
D&A For EBITDA	39,604	42,246	48,787	31,250	54,157	40,885
EBIT	189,607	203,938	303,528	187,333	80,307	77,770
EBIT Margin	37.63%	39.83%	47.33%	41.38%	29.52%	29.48%
Effective Tax Rate	27.54%	29.48%	31.27%	29.23%	-	34.71%

Source: S&P Capital IQ. Standard template. Financial Sources.