Income Statement Esso CINNOBER BOAT

Stocks

0N9V

FR0000120669

Oil & Gas Refining and Marketing

Delayed CINNOBER BOAT Other stock markets			5-day change	1st Jan Change
- ^EUR	-.--%		-.--%	-

04-20	North Atlantic Energies to record asset impairment for 2025
03-19	North Atlantic Energies postpones publication of financial statements

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Published financial data: ESSO

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	10.38B	15.28B	24.94B	19.24B	17.94B
Total Revenues	10.38B	15.28B	24.94B	19.24B	17.94B
Cost of Goods Sold, Total	10.42B	14.27B	23.38B	18.07B	17.5B
Gross Profit	-33.8M	1.01B	1.56B	1.17B	441M
Selling General & Admin Expenses, Total	264M	248M	248M	240M	227M
Depreciation & Amortization - (IS)	109M	69.1M	82.4M	80.1M	67.4M
Other Operating Expenses	107M	57.4M	216M	134M	145M
Other Operating Expenses, Total	479M	374M	546M	454M	440M
Operating Income	-513M	632M	1.01B	715M	1.9M
Interest Expense, Total	-500K	-600K	-2.7M	-3.3M	-
Interest And Investment Income	14.4M	16.4M	15.2M	39.8M	65.7M
Net Interest Expenses	13.9M	15.8M	12.5M	36.5M	65.7M
Currency Exchange Gains (Loss)	300K	-	-	-	-
Other Non Operating Income (Expenses)	-1.4M	-700K	-	-	-1.4M
EBT, Excl. Unusual Items	-500M	647M	1.03B	752M	66.2M
Gain (Loss) On Sale Of Assets	-	-	-	-	77.9M
Asset Writedown	-303M	88.5M	-8.6M	-28.1M	-
Other Unusual Items	-5M	-34.7M	-12.7M	-19.4M	-6.8M
EBT, Incl. Unusual Items	-808M	701M	1B	704M	137M
Income Tax Expense	-68.5M	128M	285M	27.5M	30.8M
Earnings From Continuing Operations	-740M	573M	719M	676M	106M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-740M	573M	719M	676M	106M
Net Income - (IS)	-740M	573M	719M	676M	106M
Net Income to Common Incl Extra Items	-740M	573M	719M	676M	106M
Net Income to Common Excl. Extra Items	-740M	573M	719M	676M	106M
Per Share Items
Net EPS - Basic	-57.56	44.57	55.95	52.63	8.28
Basic EPS - Continuing Operations	-57.56	44.57	55.95	52.63	8.28
Basic Weighted Average Shares Outstanding	12.85M	12.85M	12.85M	12.85M	12.85M
Net EPS - Diluted	-57.56	44.57	55.95	52.63	8.28
Diluted EPS - Continuing Operations	-57.56	44.57	55.95	52.63	8.28
Diluted Weighted Average Shares Outstanding	12.85M	12.85M	12.85M	12.85M	12.85M
Normalized Basic EPS	-24.33	31.47	49.85	36.54	3.22
Normalized Diluted EPS	-24.33	31.47	49.85	36.54	3.22
Dividend Per Share	-	-	2	3	3
Payout Ratio	-	-	-	3.8	181.03
Supplemental Items
EBITDA	-416M	695M	1.09B	791M	67.4M
EBITA	-507M	642M	1.02B	724M	11.5M
EBIT	-513M	632M	1.01B	715M	1.9M
Total Revenues (As Reported)	10.41B	15.31B	24.94B	19.24B	17.95B
Effective Tax Rate - (Ratio)	8.47	18.27	28.37	3.91	22.43
Total Current Taxes	-100K	54.8M	219M	-53M	7.1M
Total Deferred Taxes	-68.4M	73.3M	66M	80.5M	23.7M
Normalized Net Income	-313M	404M	641M	470M	41.38M
Interest on Long-Term Debt	400K	-	-	-	-
Non-Cash Pension Expense	13.9M	5.1M	38.5M	2.9M	-22.6M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	2.4M	1.9M	2.8M	3.2M	2.7M
Total Stock-Based Compensation	2.4M	1.9M	2.8M	3.2M	2.7M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	9.2M	411M	-	1.05B	1.5B
Total Cash And Short Term Investments	9.2M	411M	-	1.05B	1.5B
Accounts Receivable, Total	489M	699M	1.37B	1.02B	851M
Other Receivables	88.4M	257M	424M	346M	304M
Total Receivables	578M	956M	1.8B	1.37B	1.15B
Inventory	997M	1.49B	1.81B	1.58B	1.19B
Prepaid Expenses	16.8M	19.3M	18.8M	28.5M	31.6M
Total Current Assets	1.6B	2.88B	3.63B	4.02B	3.87B
Gross Property Plant And Equipment	2.3B	2.59B	2.55B	2.55B	2.02B
Accumulated Depreciation	-1.79B	-2B	-2B	-2.06B	-1.57B
Net Property Plant And Equipment	513M	582M	543M	487M	454M
Long-term Investments	196M	197M	197M	174M	168M
Other Intangibles, Total	58.2M	49M	40.3M	31.6M	22.1M
Deferred Tax Assets Long-Term	329M	233M	85.9M	28.3M	6.3M
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	2.7B	3.94B	4.49B	4.74B	4.52B
Liabilities
Accounts Payable, Total	783M	1.46B	762M	1.25B	1.29B
Accrued Expenses, Total	346M	379M	438M	452M	344M
Short-term Borrowings	13.2M	15.2M	750M	22.6M	600K
Current Portion of Long-Term Debt	4.9M	6.3M	6.8M	7.5M	8.3M
Current Portion of Leases	4.6M	4.1M	4M	2.4M	1.4M
Current Income Taxes Payable	-	30.7M	30.6M	-	-
Unearned Revenue Current, Total	300K	300K	400K	400K	300K
Other Current Liabilities	137M	76.1M	54.3M	146M	221M
Total Current Liabilities	1.29B	1.97B	2.05B	1.88B	1.86B
Long-Term Debt	400K	300K	100K	-	-
Long-Term Leases	10.1M	14.6M	13.2M	7.8M	6.2M
Pension & Other Post Retirement Benefits	1.14B	1.03B	568M	424M	310M
Other Non Current Liabilities	83.1M	108M	89.3M	89.2M	95.3M
Total Liabilities	2.53B	3.13B	2.72B	2.4B	2.27B
Common Stock, Total	98.4M	98.4M	98.4M	98.4M	98.4M
Additional Paid In Capital	10.1M	10.1M	10.1M	10.1M	10.1M
Retained Earnings	-740M	573M	719M	676M	106M
Comprehensive Income and Other	801M	132M	948M	1.56B	2.04B
Total Common Equity	170M	814M	1.78B	2.34B	2.25B
Total Equity	170M	814M	1.78B	2.34B	2.25B
Total Liabilities And Equity	2.7B	3.94B	4.49B	4.74B	4.52B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	12.85M	12.85M	12.85M	12.85M	12.85M
ECS Total Common Shares Outstanding	12.85M	12.85M	12.85M	12.85M	12.85M
Book Value / Share	13.19	63.3	138.13	182.35	175.1
Tangible Book Value	111M	765M	1.74B	2.31B	2.23B
Tangible Book Value Per Share	8.67	59.49	134.99	179.89	173.39
Total Debt	33.2M	40.5M	774M	40.3M	16.5M
Net Debt	24M	-370M	774M	-1.01B	-1.48B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.19B	1.07B	606M	450M	336M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Work In Process, Total	467M	810M	1.16B	842M	622M
Inventories - Finished Goods, Total	500M	746M	718M	791M	571M
Inventories - Others	41.4M	35.9M	38.9M	40.4M	38.6M
Full Time Employees	1.75K	1.63K	1.56K	1.58K	1.2K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-740M	573M	719M	676M	106M
Depreciation & Amortization - CF	103M	59.6M	73.3M	71.3M	57.8M
Amortization of Goodwill and Intangible Assets - (CF)	6.1M	9.4M	9.1M	8.8M	9.6M
Depreciation & Amortization, Total	109M	69M	82.4M	80.1M	67.4M
(Gain) Loss From Sale Of Asset	-2.4M	-1.6M	100K	10.3M	-84.2M
Net Cash From Discontinued Operations	-20.7M	-	-	-	-
Other Operating Activities, Total	198M	-18.8M	-77.2M	-154M	-38.7M
Change In Accounts Receivable	30.7M	-210M	-673M	350M	171M
Change In Inventories	308M	-496M	-320M	234M	386M
Change In Accounts Payable	-313M	678M	-699M	487M	37.5M
Change In Income Taxes	12.2M	30.7M	-100K	-129M	51.7M
Change in Other Net Operating Assets	1.3M	-184M	-124M	291M	-48.2M
Cash from Operations	-416M	441M	-1.09B	1.85B	649M
Capital Expenditure	-37.6M	-30.8M	-41.3M	-59.5M	-100M
Sale of Property, Plant, and Equipment	2.8M	2.7M	8M	6.4M	121M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-34.8M	-28.1M	-33.3M	-53.1M	21.1M
Long-Term Debt Issued, Total	-	-	712M	-	-
Total Debt Issued	-	-	712M	-	-
Long-Term Debt Repaid, Total	-15M	-10.9M	-	-728M	-19.6M
Total Debt Repaid	-15M	-10.9M	-	-728M	-19.6M
Common Dividends Paid	-	-	-	-25.7M	-193M
Common & Preferred Stock Dividends Paid	-	-	-	-25.7M	-193M
Cash from Financing	-15M	-10.9M	712M	-754M	-212M
Net Change in Cash	-466M	402M	-412M	1.04B	458M
Supplemental Items
Cash Interest Paid	843K	953K	2.51M	3.29M	3.35M
Levered Free Cash Flow	-205M	238M	-1.14B	1.68B	572M
Unlevered Free Cash Flow	-205M	239M	-1.14B	1.68B	572M
Change In Net Working Capital	-42.4M	197M	1.82B	-1.21B	-601M
Net Debt Issued / Repaid	-15M	-10.9M	712M	-728M	-19.6M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-9.69	11.9	15.01	9.68	0.03
Return on Total Capital	-54.29	74.75	37.19	18.11	0.05
Return On Equity %	-134.99	116.53	55.55	32.84	4.64
Return on Common Equity	-134.99	116.53	55.55	32.84	4.64
Margin Analysis
Gross Profit Margin %	-0.33	6.59	6.25	6.07	2.46
SG&A Margin	2.54	1.62	0.99	1.25	1.27
EBITDA Margin %	-4.01	4.55	4.38	4.11	0.38
EBITA Margin %	-4.88	4.2	4.1	3.76	0.06
EBIT Margin %	-4.94	4.14	4.06	3.72	0.01
Income From Continuing Operations Margin %	-7.13	3.75	2.88	3.52	0.59
Net Income Margin %	-7.13	3.75	2.88	3.52	0.59
Net Avail. For Common Margin %	-7.13	3.75	2.88	3.52	0.59
Normalized Net Income Margin	-3.01	2.65	2.57	2.44	0.23
Levered Free Cash Flow Margin	-1.98	1.56	-4.59	8.74	3.19
Unlevered Free Cash Flow Margin	-1.97	1.56	-4.58	8.75	3.19
Asset Turnover
Asset Turnover	3.14	4.6	5.91	4.17	3.87
Fixed Assets Turnover	14.86	27.88	44.32	37.35	38.14
Receivables Turnover (Average Receivables)	20.58	25.72	24.08	16.07	19.15
Inventory Turnover (Average Inventory)	9.05	11.46	14.15	10.66	12.63
Short Term Liquidity
Current Ratio	1.24	1.46	1.77	2.14	2.08
Quick Ratio	0.46	0.69	0.88	1.29	1.42
Operating Cash Flow to Current Liabilities	-0.32	0.22	-0.53	0.98	0.35
Days Sales Outstanding (Average Receivables)	17.79	14.19	15.15	22.71	19.11
Days Outstanding Inventory (Average Inventory)	40.45	31.84	25.8	34.24	28.97
Average Days Payable Outstanding	34.02	27.73	17.12	20.57	27.1
Cash Conversion Cycle (Average Days)	24.21	18.3	23.84	36.38	20.97
Long Term Solvency
Total Debt/Equity	19.58	4.98	43.6	1.72	0.73
Total Debt / Total Capital	16.37	4.74	30.36	1.69	0.73
LT Debt/Equity	6.19	1.83	0.75	0.33	0.28
Long-Term Debt / Total Capital	5.18	1.74	0.52	0.33	0.27
Total Liabilities / Total Assets	93.71	79.35	60.48	50.59	50.25
EBIT / Interest Expense	-1.03K	1.05K	375.11	216.67	-
EBITDA / Interest Expense	-809	1.17K	405.63	240.94	-
(EBITDA - Capex) / Interest Expense	-884.2	1.12K	390.33	222.91	-
Total Debt / EBITDA	-0.08	0.06	0.71	0.05	0.24
Net Debt / EBITDA	-0.06	-0.53	0.71	-1.27	-21.34
Total Debt / (EBITDA - Capex)	-0.08	0.06	0.73	0.05	-0.53
Net Debt / (EBITDA - Capex)	-0.05	-0.55	0.73	-1.37	47.87
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-29.82	47.15	63.22	-22.84	-6.74
Gross Profit, 1 Yr. Growth %	-106.62	-3.08K	54.9	-25	-62.23
EBITDA, 1 Yr. Growth %	-457.25	-267.18	56.9	-27.47	-91.48
EBITA, 1 Yr. Growth %	-2.98K	-226.5	59.3	-29.17	-98.41
EBIT, 1 Yr. Growth %	-4.56K	-223.17	60.23	-29.4	-99.73
Earnings From Cont. Operations, 1 Yr. Growth %	-3.3K	-177.43	25.54	-5.94	-84.26
Net Income, 1 Yr. Growth %	-3.3K	-177.43	25.54	-5.94	-84.26
Normalized Net Income, 1 Yr. Growth %	-1.86K	-229.34	58.42	-26.7	-91.19
Diluted EPS Before Extra, 1 Yr. Growth %	-3.3K	-177.43	25.53	-5.94	-84.27
Accounts Receivable, 1 Yr. Growth %	-5.9	42.85	96.32	-25.48	-16.74
Inventory, 1 Yr. Growth %	-23.6	49.7	21.42	-12.92	-24.45
Net Property, Plant and Equip., 1 Yr. Growth %	-41.91	13.44	-6.78	-10.22	-6.93
Total Assets, 1 Yr. Growth %	-31.22	46.11	14.01	5.59	-4.63
Tangible Book Value, 1 Yr. Growth %	-87.41	586.45	126.93	33.26	-3.62
Common Equity, 1 Yr. Growth %	-81.7	379.78	118.21	32.01	-3.97
Cash From Operations, 1 Yr. Growth %	-208.33	-205.93	-347.46	-269.16	-64.84
Capital Expenditures, 1 Yr. Growth %	-66.37	-18.09	34.09	44.07	68.4
Levered Free Cash Flow, 1 Yr. Growth %	-163.65	-216.27	-580.3	-246.9	-65.98
Unlevered Free Cash Flow, 1 Yr. Growth %	-163.36	-216.63	-578.84	-247.29	-66.03
Dividend Per Share, 1 Yr. Growth %	-	-	-	50	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-16.39	1.62	54.97	12.22	-15.17
Gross Profit, 2 Yr. CAGR %	-67.85	40.36	579.02	7.78	-46.78
EBITDA, 2 Yr. CAGR %	208.61	144.3	61.97	6.68	-75.15
EBITA, 2 Yr. CAGR %	86.62	503.73	41.96	6.22	-89.39
EBIT, 2 Yr. CAGR %	83.87	641.39	40.48	6.36	-95.67
Earnings From Cont. Operations, 2 Yr. CAGR %	141.66	398	-1.41	8.67	-61.52
Net Income, 2 Yr. CAGR %	141.66	398	-1.41	8.67	-61.52
Normalized Net Income, 2 Yr. CAGR %	89.13	377.38	43.14	7.76	-74.59
Diluted EPS Before Extra, 2 Yr. CAGR %	141.61	398	-1.41	8.66	-61.53
Accounts Receivable, 2 Yr. CAGR %	-12.35	15.94	67.46	20.96	-21.23
Inventory, 2 Yr. CAGR %	-11.12	6.94	34.82	2.83	-18.89
Net Property, Plant and Equip., 2 Yr. CAGR %	-22.73	-18.82	2.83	-8.52	-8.59
Total Assets, 2 Yr. CAGR %	-13.44	0.24	29.06	9.72	0.35
Tangible Book Value, 2 Yr. CAGR %	-66.64	-7.03	294.68	73.89	13.33
Common Equity, 2 Yr. CAGR %	-59.7	-6.29	223.56	69.73	12.59
Cash From Operations, 2 Yr. CAGR %	121.57	7.12	61.91	104.6	-22.88
Capital Expenditures, 2 Yr. CAGR %	-45.02	-47.51	4.8	38.99	55.76
Levered Free Cash Flow, 2 Yr. CAGR %	16.95	-14.04	136.36	165.62	-29.31
Unlevered Free Cash Flow, 2 Yr. CAGR %	17.22	-14.1	136.37	165.57	-29.26
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	22.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-7.55	0.94	19.01	22.83	5.51
Gross Profit, 3 Yr. CAGR %	-63.92	45.44	45.05	225.79	-24.01
EBITDA, 3 Yr. CAGR %	7.1	151.51	110.79	23.92	-54.07
EBITA, 3 Yr. CAGR %	29.13	63.94	287.23	12.59	-73.83
EBIT, 3 Yr. CAGR %	30.84	60.88	344.91	11.69	-85.57
Earnings From Cont. Operations, 3 Yr. CAGR %	67.13	65.36	214.59	-2.94	-42.93
Net Income, 3 Yr. CAGR %	67.13	65.36	214.59	-2.94	-42.93
Normalized Net Income, 3 Yr. CAGR %	27.33	66.62	230.5	14.52	-53.23
Diluted EPS Before Extra, 3 Yr. CAGR %	67.13	65.34	214.59	-2.94	-42.94
Accounts Receivable, 3 Yr. CAGR %	-5.97	3.15	38.19	27.85	6.8
Inventory, 3 Yr. CAGR %	-4.2	5.75	11.56	16.54	-7.21
Net Property, Plant and Equip., 3 Yr. CAGR %	-15.33	-12.18	-14.99	-1.72	-7.99
Total Assets, 3 Yr. CAGR %	-9.42	3.06	4.64	20.71	4.71
Tangible Book Value, 3 Yr. CAGR %	-53.57	-8.58	25.18	174.83	42.84
Common Equity, 3 Yr. CAGR %	-47.4	-7.98	24.21	139.98	40.38
Cash From Operations, 3 Yr. CAGR %	10.02	73.25	41.61	64.29	13.75
Capital Expenditures, 3 Yr. CAGR %	-27.8	-37.21	-28.25	16.53	48.17
Levered Free Cash Flow, 3 Yr. CAGR %	10.35	16.66	52.56	101.71	33.89
Unlevered Free Cash Flow, 3 Yr. CAGR %	9.86	16.97	52.33	101.89	33.82
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-3.47	6.51	13.67	5.31	3.94
Gross Profit, 5 Yr. CAGR %	-41.21	3.67	16.7	29.01	-2.87
EBITDA, 5 Yr. CAGR %	34.74	7.69	26.35	78.48	-10.37
EBITA, 5 Yr. CAGR %	132.9	11.12	34.12	37.81	-8.16
EBIT, 5 Yr. CAGR %	101.37	11.32	34.62	36.33	-30.24
Earnings From Cont. Operations, 5 Yr. CAGR %	49.77	15.69	35.32	39.8	35.75
Net Income, 5 Yr. CAGR %	49.31	15.69	35.32	39.8	35.75
Normalized Net Income, 5 Yr. CAGR %	129.85	11.29	33.43	39.97	18.44
Diluted EPS Before Extra, 5 Yr. CAGR %	49.77	15.7	35.32	39.79	35.74
Accounts Receivable, 5 Yr. CAGR %	3.76	1.27	18.45	9.94	10.36
Inventory, 5 Yr. CAGR %	9.08	8.36	9.83	4.57	-1.79
Net Property, Plant and Equip., 5 Yr. CAGR %	-10.68	-7.32	-8.48	-10.73	-12.49
Total Assets, 5 Yr. CAGR %	-0.91	2.6	4.36	5.68	2.9
Tangible Book Value, 5 Yr. CAGR %	-29.88	-3.39	9.28	18.23	20.3
Common Equity, 5 Yr. CAGR %	-25.25	-3.38	8.78	17.55	19.42
Cash From Operations, 5 Yr. CAGR %	1.18	15.78	28.41	85.17	11.05
Capital Expenditures, 5 Yr. CAGR %	-16.22	-11.27	-16.19	-13.71	-2.17
Levered Free Cash Flow, 5 Yr. CAGR %	-12.03	11.61	49.61	62.14	12.15
Unlevered Free Cash Flow, 5 Yr. CAGR %	-12.17	11.25	49.22	62.39	12.08
Dividend Per Share, 5 Yr. CAGR %	-	-	5.92	-	-