Tenaris S.A. (TS)

Tenaris Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	14,169	14,869	11,763	6,521	5,147	7,294
Revenue Growth (YoY)	4.67%	26.41%	80.37%	26.71%	-29.44%	-4.76%
Cost of Revenue	8,565	8,691	7,088	4,612	4,087	5,107
Gross Profit	5,604	6,178	4,675	1,910	1,059	2,187
Selling, General & Admin	1,859	1,796	1,396	1,005	912.56	1,167
Research & Development	60	60	50.7	45.3	41.8	61.1
Other Operating Expenses	-46.77	-54.44	301.55	138.89	180.04	181.33
Operating Expenses	1,838	1,911	1,697	1,144	1,093	1,348
Operating Income	3,766	4,267	2,963	1,321	101.15	832.39
Interest Income	221.09	201.85	86.11	38.05	21.63	48.06
Interest Expense	95.9	106.86	45.94	23.68	27.01	43.38
Other Expense / Income	-99	-231.14	-167.07	45.63	715.03	-108.07
Pretax Income	3,938	4,537	3,166	1,243	-619.27	933.71
Income Tax	463.84	674.96	617.24	189.45	23.15	202.45
Net Income	3,526	3,918	2,553	1,100	-642.42	742.69
Net Income Growth	10.92%	53.45%	132.08%	-	-	-15.22%
Shares Outstanding (Basic)	580	589	590	590	590	590
Shares Outstanding (Diluted)	580	589	590	590	590	590
Shares Change	-1.74%	-0.15%	-	-	0.00%	-0.00%
EPS (Basic)	6.00	6.65	4.33	1.86	-1.09	1.26
EPS (Diluted)	6.00	6.65	4.33	1.86	-1.09	1.26
EPS Growth	11.32%	53.58%	132.80%	-	-	-14.86%
Free Cash Flow	3,711	3,844	769.87	-125.52	1,326	1,180
Free Cash Flow Per Share	6.40	6.52	1.30	-0.21	2.25	2.00
Gross Margin	39.55%	41.55%	39.74%	29.28%	20.58%	29.98%
Operating Margin	26.58%	28.70%	25.19%	20.26%	1.97%	11.41%
Profit Margin	24.89%	26.35%	21.71%	16.87%	-12.48%	10.18%
Free Cash Flow Margin	26.19%	25.86%	6.55%	-1.92%	25.76%	16.18%
Effective Tax Rate	11.78%	14.88%	19.50%	15.24%	-	21.68%
EBITDA	4,513	4,815	3,855	1,916	779.96	1,512
EBITDA Margin	31.85%	32.39%	32.77%	29.38%	15.15%	20.72%
Depreciation & Amortization	598.5	548.51	607.72	594.72	678.81	539.52
EBIT	3,914	4,267	3,247	1,321	101.15	972.1
EBIT Margin	27.62%	28.70%	27.61%	20.26%	1.97%	13.33%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.