Tenaris Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	547.18	675.26	1,638	1,092	318.13	584.68
Short-Term Investments	2,442	2,373	1,970	438.45	397.85	872.49
Cash & Short-Term Investments	2,989	3,048	3,607	1,530	715.98	1,457
Cash Growth	-14.93%	-15.50%	135.78%	113.69%	-50.87%	-17.43%
Accounts Receivable	2,181	1,958	2,528	2,494	1,299	968.15
Other Receivables	676.62	351.25	267.09	285.55	206.09	154.05
Receivables	2,857	2,310	2,795	2,779	1,505	1,122
Inventory	3,507	3,710	3,921	3,987	2,673	1,637
Prepaid Expenses	-	113.33	107.91	47.42	60.01	40.85
Other Current Assets	4.48	55.14	72.57	124.79	27.43	30.78
Total Current Assets	9,358	9,236	10,504	8,469	4,981	4,288
Property, Plant & Equipment	6,362	6,270	6,210	5,668	5,934	6,435
Long-Term Investments	2,394	2,549	2,014	1,661	1,704	1,204
Goodwill	-	1,090	1,104	1,085	1,085	1,086
Other Intangible Assets	1,357	267.73	273.4	247.46	287.53	343.09
Long-Term Deferred Tax Assets	833.68	831.3	789.62	208.87	245.55	205.59
Other Long-Term Assets	161.43	205.6	185.96	211.72	212.97	154.3
Total Assets	20,466	20,450	21,082	17,550	14,449	13,716
Accounts Payable	830.17	880.26	1,108	1,179	845.26	462.11
Accrued Expenses	-	358.6	444.93	320.4	174.79	175.18
Short-Term Debt	-	14.46	21.22	0.09	0.06	0.1
Current Portion of Long-Term Debt	325.34	411.54	513.91	682.24	219.59	305.42
Current Portion of Leases	53.45	44.49	37.84	28.56	34.59	43.5
Current Income Taxes Payable	348.26	277.71	344.57	280.47	143.49	90.59
Current Unearned Revenue	182.92	206.2	263.66	242.91	92.44	48.69
Other Current Liabilities	554.17	443.4	168.29	54.3	49.43	40.9
Total Current Liabilities	2,294	2,637	2,902	2,788	1,560	1,166
Long-Term Debt	2.25	11.4	48.3	46.43	111.43	315.74
Long-Term Leases	96.48	100.44	96.6	83.62	82.69	213.85
Pension & Post-Retirement Benefits	-	131.56	117.51	108.94	111.9	136.81
Long-Term Deferred Tax Liabilities	463.02	503.94	631.61	269.07	274.72	254.8
Other Long-Term Liabilities	350.63	252.29	255.47	219.33	203.33	182.04
Total Liabilities	3,207	3,636	4,051	3,516	2,344	2,270
Common Stock	1,072	1,163	1,181	1,181	1,181	1,181
Additional Paid-In Capital	-	609.73	609.73	609.73	609.73	609.73
Retained Earnings	17,840	17,858	16,861	13,580	11,558	10,776
Treasury Stock	-572.23	-1,356	-213.74	-	-	-
Comprehensive Income & Other	-1,299	-1,682	-1,594	-1,464	-1,387	-1,304
Total Common Equity	17,041	16,593	16,843	13,906	11,961	11,263
Minority Interest	218.09	220.58	187.47	128.73	145.12	183.59
Shareholders' Equity	17,259	16,814	17,030	14,034	12,106	11,446
Total Liabilities & Equity	20,466	20,450	21,082	17,550	14,449	13,716
Total Debt	477.51	582.32	717.87	840.94	448.37	878.6
Net Cash (Debt)	2,512	2,466	2,890	689.04	267.61	578.57
Net Cash Growth	-12.23%	-14.66%	319.37%	157.48%	-53.75%	-18.78%
Net Cash Per Share	2.34	2.19	2.45	0.58	0.23	0.49
Filing Date Shares Outstanding	1,040	1,072	1,159	1,181	1,181	1,181
Total Common Shares Outstanding	1,040	1,084	1,168	1,181	1,181	1,181
Working Capital	7,063	6,600	7,602	5,680	3,422	3,121
Book Value Per Share	16.39	15.30	14.42	11.78	10.13	9.54
Tangible Book Value	15,684	15,236	15,466	12,573	10,588	9,834
Tangible Book Value Per Share	15.09	14.05	13.24	10.65	8.97	8.33
Land	-	935.7	889.96	815.76	830.1	839.58
Buildings	-	13,904	13,538	12,857	13,065	13,080
Machinery	-	424.04	416.91	402.49	420.93	414.76
Construction In Progress	-	372.99	396.1	252.38	147.43	102.23

Source: S&P Global Market Intelligence. Standard template. Financial Sources.