Equinor ASA (OSL: EQNR)

Equinor ASA Income Statement

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

Fiscal Year	TTM	2023	2022	2021	2020	2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Jan 1, 2020
Operating Revenue	105,318	106,848	149,004	88,744	45,753	62,911
Other Revenue	-	-	-	1,921	12	-
Revenue	105,318	106,848	149,004	90,665	45,765	62,911
Revenue Growth (YoY)	-18.14%	-28.29%	64.35%	98.11%	-27.25%	-19.92%
Cost of Revenue	60,827	58,757	63,414	43,758	29,817	39,192
Gross Profit	44,491	48,091	85,590	46,907	15,948	23,719
Selling, General & Admin	1,516	1,346	975	780	706	809
Other Operating Expenses	538	538	449	453	412	456
Operating Expenses	12,888	12,053	11,507	12,669	13,443	13,007
Operating Income	31,603	36,038	74,083	34,238	2,505	10,712
Interest Expense	-858	-927	-824	-769	-979	-993
Interest & Investment Income	2,106	2,259	1,106	151	299	502
Earnings From Equity Investments	-11	-1	620	259	53	164
Currency Exchange Gain (Loss)	-190	852	2,088	47	-646	224
Other Non Operating Income (Expenses)	474	481	-1,499	-707	446	529
EBT Excluding Unusual Items	33,124	38,702	75,574	33,219	1,678	11,138
Impairment of Goodwill	-	-	-3	-	-42	-164
Gain (Loss) on Sale of Investments	101	123	-307	-348	456	243
Gain (Loss) on Sale of Assets	319	319	850	-	-	1,227
Asset Writedown	-1,214	-1,260	2,490	-1,287	-6,351	-3,152
Pretax Income	32,330	37,884	78,604	31,584	-4,259	9,292
Income Tax Expense	22,677	25,980	49,861	23,007	1,237	7,441
Earnings From Continuing Operations	9,653	11,904	28,743	8,577	-5,496	1,851
Minority Interest in Earnings	-25	-19	3	-14	-14	-8
Net Income	9,628	11,885	28,746	8,563	-5,510	1,843
Net Income to Common	9,628	11,885	28,746	8,563	-5,510	1,843
Net Income Growth	-59.99%	-58.66%	235.70%	-	-	-75.54%
Shares Outstanding (Basic)	2,928	3,021	3,174	3,244	3,269	3,326
Shares Outstanding (Diluted)	2,934	3,027	3,183	3,256	3,269	3,334
Shares Change (YoY)	-5.90%	-4.90%	-2.24%	-0.40%	-1.95%	-0.03%
EPS (Basic)	3.29	3.93	9.06	2.64	-1.69	0.55
EPS (Diluted)	3.28	3.93	9.03	2.63	-1.69	0.55
EPS Growth	-57.50%	-56.48%	243.35%	-	-	-75.72%
Free Cash Flow	7,490	14,126	26,378	20,776	1,910	3,545
Free Cash Flow Per Share	2.55	4.67	8.29	6.38	0.58	1.06
Dividend Per Share	1.350	1.250	0.900	0.710	0.410	1.050
Dividend Growth	22.73%	38.89%	26.76%	73.17%	-60.95%	10.53%
Gross Margin	42.24%	45.01%	57.44%	51.74%	34.85%	37.70%
Operating Margin	30.01%	33.73%	49.72%	37.76%	5.47%	17.03%
Profit Margin	9.14%	11.12%	19.29%	9.44%	-12.04%	2.93%
Free Cash Flow Margin	7.11%	13.22%	17.70%	22.92%	4.17%	5.63%
EBITDA	40,353	44,280	82,331	44,845	13,853	24,529
EBITDA Margin	38.32%	41.44%	55.25%	49.46%	30.27%	38.99%
D&A For EBITDA	8,750	8,242	8,248	10,607	11,348	13,817
EBIT	31,603	36,038	74,083	34,238	2,505	10,712
EBIT Margin	30.01%	33.73%	49.72%	37.76%	5.47%	17.03%
Effective Tax Rate	70.14%	68.58%	63.43%	72.84%	-	80.08%
Revenue as Reported	105,751	107,174	150,806	90,924	45,818	64,357

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