Saudi Arabian Oil Company (TADAWUL: 2222)

Saudi Arabian Oil Company Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,856,680	1,856,373	2,266,373	1,501,758	862,091	1,236,785
Revenue Growth (YoY)	-7.59%	-18.09%	50.91%	74.20%	-30.30%	-8.18%
Cost of Revenue	807,442	799,543	934,112	573,665	345,430	465,560
Gross Profit	1,049,238	1,056,830	1,332,261	928,093	516,661	771,225
Selling, General & Admin	90,699	76,729	83,663	59,496	46,627	36,632
Research & Development	5,629	5,197	4,419	3,873	2,830	2,150
Other Operating Expenses	511	511	510	450	434	440
Operating Expenses	207,539	188,893	188,657	156,625	133,392	96,779
Operating Income	841,699	867,937	1,143,604	771,468	383,269	674,446
Interest Expense	-5,034	-5,010	-6,595	-10,628	-9,480	-4,934
Interest & Investment Income	20,155	25,852	9,534	1,774	3,153	6,043
Earnings From Equity Investments	-4,089	-4,001	2,873	7,874	-3,554	-9,455
Other Non Operating Income (Expenses)	-2,325	-2,325	302	-967	-621	-622
EBT Excluding Unusual Items	850,406	882,453	1,149,718	769,521	372,767	665,478
Merger & Restructuring Charges	-161	-161	-37	-	-343	-15
Gain (Loss) on Sale of Investments	-	-	-	-	-	1,278
Other Unusual Items	5,775	5,775	3,281	-	-	-
Pretax Income	856,020	888,067	1,152,962	769,521	372,424	666,741
Income Tax Expense	422,327	433,303	548,957	357,125	188,661	336,048
Earnings From Continuing Operations	433,693	454,764	604,005	412,396	183,763	330,693
Minority Interest in Earnings	2,222	-2,011	-6,790	-17,193	1,163	123
Net Income	435,915	452,753	597,215	395,203	184,926	330,816
Net Income to Common	435,915	452,753	597,215	395,203	184,926	330,816
Net Income Growth	-14.15%	-24.19%	51.12%	113.71%	-44.10%	-20.51%
Shares Outstanding (Basic)	241,943	241,933	241,907	241,887	241,860	241,992
Shares Outstanding (Diluted)	241,943	241,933	241,907	241,887	241,860	241,992
Shares Change (YoY)	0.07%	0.01%	0.01%	0.01%	-0.05%	-0.00%
EPS (Basic)	1.80	1.87	2.47	1.63	0.76	1.37
EPS (Diluted)	1.80	1.87	2.47	1.63	0.76	1.37
EPS Growth	-14.21%	-24.20%	51.10%	113.68%	-44.07%	-20.51%
Free Cash Flow	333,263	379,506	556,991	402,956	184,267	293,647
Free Cash Flow Per Share	1.38	1.57	2.30	1.67	0.76	1.21
Dividend Per Share	1.900	1.695	1.175	1.157	1.157	0.058
Dividend Growth	40.68%	44.29%	1.51%	0%	1898.27%	-
Gross Margin	56.51%	56.93%	58.78%	61.80%	59.93%	62.36%
Operating Margin	45.33%	46.75%	50.46%	51.37%	44.46%	54.53%
Profit Margin	23.48%	24.39%	26.35%	26.32%	21.45%	26.75%
Free Cash Flow Margin	17.95%	20.44%	24.58%	26.83%	21.37%	23.74%
EBITDA	921,036	951,545	1,223,236	845,333	447,236	717,105
EBITDA Margin	49.61%	51.26%	53.97%	56.29%	51.88%	57.98%
D&A For EBITDA	79,337	83,608	79,632	73,865	63,967	42,659
EBIT	841,699	867,937	1,143,604	771,468	383,269	674,446
EBIT Margin	45.33%	46.75%	50.46%	51.37%	44.46%	54.53%
Effective Tax Rate	49.34%	48.79%	47.61%	46.41%	50.66%	50.40%
Revenue as Reported	1,856,680	1,856,373	2,266,373	1,501,758	862,091	1,236,785

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