Petrofac Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	2,505	2,496	2,567	3,038	4,081	5,530
Revenue Growth (YoY)	-1.80%	-2.77%	-15.50%	-25.56%	-26.20%	-5.13%
Cost of Revenue	2,721	2,684	2,667	2,908	3,802	4,909
Gross Profit	-216	-188	-100	130	279	621
Selling, General & Admin	209	202	175	209	249	210
Other Operating Expenses	2	-	-10	1	-13	-11
Operating Expenses	219	217	144	185	241	209
Operating Income	-435	-405	-244	-55	38	412
Interest Expense	-103	-114	-97	-52	-36	-54
Interest & Investment Income	5	6	7	10	3	5
Earnings From Equity Investments	-2	2	5	7	5	17
Currency Exchange Gain (Loss)	6	6	3	-	-1	5
Other Non Operating Income (Expenses)	-5	-4	-	4	3	-2
EBT Excluding Unusual Items	-534	-509	-326	-86	12	383
Merger & Restructuring Charges	-62	-20	-5	-2	-13	-10
Gain (Loss) on Sale of Investments	-	-	1	1	-2	-
Gain (Loss) on Sale of Assets	1	1	1	1	-	-
Asset Writedown	7	7	5	-35	-180	-121
Other Unusual Items	-6	-7	-25	-134	-	-60
Pretax Income	-592	-526	-345	-255	-183	192
Income Tax Expense	-5	-3	2	-13	18	126
Earnings From Continuing Operations	-587	-523	-347	-242	-201	66
Minority Interest in Earnings	15	18	27	-3	9	7
Net Income	-572	-505	-320	-245	-192	73
Net Income to Common	-572	-505	-320	-245	-192	73
Net Income Growth	-	-	-	-	-	14.06%
Shares Outstanding (Basic)	520	519	515	362	337	336
Shares Outstanding (Diluted)	520	519	515	362	337	343
Shares Change (YoY)	0.68%	0.78%	42.27%	7.42%	-1.75%	-0.58%
EPS (Basic)	-1.10	-0.97	-0.62	-0.68	-0.57	0.22
EPS (Diluted)	-1.10	-0.97	-0.62	-0.68	-0.57	0.21
EPS Growth	-	-	-	-	-	14.52%
Free Cash Flow	55	-107	-184	-204	-63	176
Free Cash Flow Per Share	0.11	-0.21	-0.36	-0.56	-0.19	0.51
Dividend Per Share	-	-	-	-	-	0.127
Dividend Growth	-	-	-	-	-	-66.58%
Gross Margin	-8.62%	-7.53%	-3.90%	4.28%	6.84%	11.23%
Operating Margin	-17.36%	-16.23%	-9.50%	-1.81%	0.93%	7.45%
Profit Margin	-22.83%	-20.23%	-12.47%	-8.06%	-4.71%	1.32%
Free Cash Flow Margin	2.20%	-4.29%	-7.17%	-6.71%	-1.54%	3.18%
EBITDA	-374	-341	-186	-5	136	518
EBITDA Margin	-14.93%	-13.66%	-7.25%	-0.16%	3.33%	9.37%
D&A For EBITDA	61	64	58	50	98	106
EBIT	-435	-405	-244	-55	38	412
EBIT Margin	-17.36%	-16.23%	-9.50%	-1.81%	0.93%	7.45%
Effective Tax Rate	-	-	-	-	-	65.63%

Updated Sep 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.