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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,832,370	1,856,373	2,266,373	1,501,758	862,091	1,236,785
Revenue Growth (YoY)	-2.75%	-18.09%	50.91%	74.20%	-30.30%	-8.18%
Cost of Revenue	829,879	799,543	934,112	573,665	345,430	465,560
Gross Profit	1,002,491	1,056,830	1,332,261	928,093	516,661	771,225
Selling, General & Admin	80,375	76,729	83,663	59,496	46,627	36,632
Research & Development	5,985	5,197	4,419	3,873	2,830	2,150
Other Operating Expenses	511	511	510	450	434	440
Operating Expenses	198,689	188,893	188,657	156,625	133,392	96,779
Operating Income	803,802	867,937	1,143,604	771,468	383,269	674,446
Interest Expense	-5,348	-5,010	-6,595	-10,628	-9,480	-4,934
Interest & Investment Income	18,839	25,852	9,534	1,774	3,153	6,043
Earnings From Equity Investments	-4,086	-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	810,882	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
Asset Writedown	-3,734	-	-	-	-	-
Other Unusual Items	5,775	5,775	3,281	-	-	-
Pretax Income	812,762	888,067	1,152,962	769,521	372,424	666,741
Income Tax Expense	397,892	433,303	548,957	357,125	188,661	336,048
Earnings From Continuing Operations	414,870	454,764	604,005	412,396	183,763	330,693
Minority Interest in Earnings	-4,868	-2,011	-6,790	-17,193	1,163	123
Net Income	410,002	452,753	597,215	395,203	184,926	330,816
Net Income to Common	410,002	452,753	597,215	395,203	184,926	330,816
Net Income Growth	-13.72%	-24.19%	51.12%	113.71%	-44.10%	-20.51%
Shares Outstanding (Basic)	242,336	241,933	241,907	241,887	241,860	241,992
Shares Outstanding (Diluted)	242,336	241,933	241,907	241,887	241,860	241,992
Shares Change (YoY)	0.39%	0.01%	0.01%	0.01%	-0.05%	-0.00%
EPS (Basic)	1.69	1.87	2.47	1.63	0.76	1.37
EPS (Diluted)	1.69	1.87	2.47	1.63	0.76	1.37
EPS Growth	-14.06%	-24.20%	51.10%	113.68%	-44.07%	-20.51%
Free Cash Flow	339,448	379,506	556,991	402,956	184,267	293,647
Free Cash Flow Per Share	1.40	1.57	2.30	1.67	0.76	1.21
Dividend Per Share	1.453	1.222	1.175	1.157	1.157	0.058
Dividend Growth	-2.33%	4.02%	1.51%	0%	1898.27%	-
Gross Margin	54.71%	56.93%	58.78%	61.80%	59.93%	62.36%
Operating Margin	43.87%	46.75%	50.46%	51.37%	44.46%	54.53%
Profit Margin	22.38%	24.39%	26.35%	26.32%	21.45%	26.75%
Free Cash Flow Margin	18.53%	20.44%	24.58%	26.83%	21.37%	23.74%
EBITDA	879,900	951,545	1,223,236	845,333	447,236	717,105
EBITDA Margin	48.02%	51.26%	53.97%	56.29%	51.88%	57.98%
D&A For EBITDA	76,098	83,608	79,632	73,865	63,967	42,659
EBIT	803,802	867,937	1,143,604	771,468	383,269	674,446
EBIT Margin	43.87%	46.75%	50.46%	51.37%	44.46%	54.53%
Effective Tax Rate	48.96%	48.79%	47.61%	46.41%	50.66%	50.40%
Revenue as Reported	1,832,370	1,856,373	2,266,373	1,501,758	862,091	1,236,785

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