Income Statement Gazprom

Equities

GAZP

RU0007661625

Integrated Oil & Gas

End-of-day quote Moscow Micex - RTS Other stock markets 08/07/2022			5-day change	1st Jan Change
198.00 ^RUB	+0.04%		-.--%	-.--%

29/08	Public Joint Stock Company Gazprom Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
20/08	Gazprom says it will send 42.4 mcm of gas to Europe via Ukraine on Tuesday	RE

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Published financial data: GAZPROM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	7,66000Cr	6,32200Cr	10,24100Cr	11,67400Cr	8,54200Cr
Total Revenues	7,66000Cr	6,32200Cr	10,24100Cr	11,67400Cr	8,54200Cr
Cost of Goods Sold, Total	2,79200Cr	2,42600Cr	3,43900Cr	2,79900Cr	2,10400Cr
Gross Profit	4,86700Cr	3,89600Cr	6,80200Cr	8,87500Cr	6,43800Cr
Selling General & Admin Expenses, Total	84TCr	89TCr	93TCr	95TCr	1,09700Cr
Provision for Bad Debts	-	-	5.28TCr	38TCr	29TCr
R&D Expenses	1.92TCr	1.81TCr	2.38TCr	-	-
Depreciation & Amortization - (IS)	72TCr	80TCr	83TCr	86TCr	98TCr
Impairment of Oil, Gas & Mineral Properties - (IS)	531.7Cr	1.85TCr	886.4Cr	9.51TCr	6.07TCr
Other Operating Expenses	1,93400Cr	1,59400Cr	2,09300Cr	3,64100Cr	3,44700Cr
Other Operating Expenses, Total	3,51700Cr	3,32100Cr	3,93300Cr	5,92800Cr	5,88100Cr
Operating Income	1,35000Cr	58TCr	2,86900Cr	2,94700Cr	56TCr
Interest Expense, Total	-7.64TCr	-7.34TCr	-9.49TCr	-12TCr	-18TCr
Interest And Investment Income	9.09TCr	6.01TCr	7.1TCr	21TCr	18TCr
Net Interest Expenses	1.45TCr	-1.33TCr	-2.39TCr	8.63TCr	187.1Cr
Income (Loss) On Equity Invest.	21TCr	14TCr	24TCr	17TCr	35TCr
Currency Exchange Gains (Loss)	21TCr	-44TCr	7.08TCr	-22TCr	-46TCr
Other Non Operating Income (Expenses)	-	-1.67TCr	5.05TCr	-4.35TCr	-2.71TCr
EBT, Excl. Unusual Items	1,77900Cr	24TCr	3,20900Cr	2,93900Cr	43TCr
Impairment of Goodwill	-19Cr	-377.4Cr	-	-	-
Gain (Loss) On Sale Of Investments	-13TCr	-7.23TCr	-	-	-
Asset Writedown	-2.39TCr	-3.19TCr	-44TCr	-75TCr	-1,08500Cr
EBT, Incl. Unusual Items	1,62700Cr	13TCr	2,77000Cr	2,19100Cr	-66TCr
Income Tax Expense	36TCr	-2.89TCr	61TCr	88TCr	-7.6TCr
Earnings From Continuing Operations	1,27000Cr	16TCr	2,15900Cr	1,31200Cr	-58TCr
Net Income to Company	1,27000Cr	16TCr	2,15900Cr	1,31200Cr	-58TCr
Minority Interest	-6.66TCr	-2.71TCr	-6.6TCr	-8.58TCr	-4.6TCr
Net Income - (IS)	1,20300Cr	14TCr	2,09300Cr	1,22600Cr	-63TCr
Preferred Dividend and Other Adjustments	-	150.7Cr	1.06TCr	1.75TCr	2.29TCr
Net Income to Common Incl Extra Items	1,20300Cr	13TCr	2,08200Cr	1,20800Cr	-65TCr
Net Income to Common Excl. Extra Items	1,20300Cr	13TCr	2,08200Cr	1,20800Cr	-65TCr
Per Share Items
Net EPS - Basic	53.46	5.66	88.07	51.11	-27.58
Basic EPS - Continuing Operations	53.46	5.66	88.07	51.11	-27.58
Basic Weighted Average Shares Outstanding	2.25TCr	2.36TCr	2.36TCr	2.36TCr	2.36TCr
Net EPS - Diluted	53.46	5.66	88.07	51.11	-27.58
Diluted EPS - Continuing Operations	53.46	5.66	88.07	51.11	-27.58
Diluted Weighted Average Shares Outstanding	2.25TCr	2.36TCr	2.36TCr	2.36TCr	2.36TCr
Normalized Basic EPS	46.45	5.24	82.03	74.07	9.32
Normalized Diluted EPS	46.45	5.24	82.03	74.07	9.32
Dividend Per Share	15.24	12.55	52.53	51.03	-
Payout Ratio	31.56	275.25	15.31	93.16	-8.07
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	2,03100Cr	1,35100Cr	3,66000Cr	3,85900Cr	1,53900Cr
EBITA	1,36200Cr	59TCr	2,87800Cr	2,95500Cr	56TCr
EBIT	1,35000Cr	58TCr	2,86900Cr	2,94700Cr	56TCr
EBITDAR	2,04800Cr	1,36500Cr	3,67400Cr	-	-
Effective Tax Rate - (Ratio)	21.98	-21.68	22.04	40.12	11.53
Total Current Taxes	33TCr	7.56TCr	45TCr	58TCr	26TCr
Total Deferred Taxes	2.99TCr	-10TCr	16TCr	30TCr	-34TCr
Normalized Net Income	1,04500Cr	12TCr	1,94000Cr	1,75100Cr	22TCr
Interest Capitalized	15TCr	23TCr	-	-	-
Interest on Long-Term Debt	1.68TCr	1.65TCr	1.69TCr	1.96TCr	2.73TCr
Non-Cash Pension Expense	927.1Cr	1.41TCr	-	-	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.92TCr	1.81TCr	2.38TCr	-	-
Net Rental Expense, Total	1.66TCr	1.36TCr	1.34TCr	-	-
Imputed Operating Lease Interest Expense	768.4Cr	704.27Cr	196.82Cr	-	-
Imputed Operating Lease Depreciation	890.1Cr	657.13Cr	1.14TCr	-	-
Maintenance & Repair Expenses, Total	15TCr	15TCr	18TCr	21TCr	22TCr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	70TCr	1,03500Cr	2,01400Cr	1,15800Cr	1,42700Cr
Short Term Investments	68TCr	1.51TCr	20TCr	3.23TCr	18TCr
Trading Asset Securities, Total	3.06TCr	2.98TCr	2.5TCr	1.82TCr	1.32TCr
Total Cash And Short Term Investments	1,40300Cr	1,08000Cr	2,24100Cr	1,20800Cr	1,61600Cr
Accounts Receivable, Total	76TCr	87TCr	1,61000Cr	1,25700Cr	93TCr
Other Receivables	25TCr	33TCr	22TCr	19TCr	18TCr
Notes Receivable	13TCr	16TCr	9.91TCr	20TCr	6.03TCr
Total Receivables	1,13100Cr	1,35700Cr	1,92400Cr	1,63900Cr	1,17500Cr
Inventory	95TCr	97TCr	1,00900Cr	1,05700Cr	1,20200Cr
Prepaid Expenses	-	-	-	-	11TCr
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	35TCr	37TCr	1,04000Cr	72TCr	68TCr
Total Current Assets	3,82800Cr	3,77400Cr	6,21400Cr	4,62000Cr	4,78100Cr
Gross Property Plant And Equipment	21,67100Cr	23,72100Cr	25,02700Cr	26,29100Cr	28,47500Cr
Accumulated Depreciation	-6,94600Cr	-7,78100Cr	-8,45000Cr	-8,89700Cr	-9,87800Cr
Net Property Plant And Equipment	14,72500Cr	15,94000Cr	16,57700Cr	17,39400Cr	18,59700Cr
Long-term Investments	1,61700Cr	1,74900Cr	2,02200Cr	1,73500Cr	2,20700Cr
Goodwill	13TCr	12TCr	12TCr	13TCr	15TCr
Other Intangibles, Total	41TCr	44TCr	42TCr	38TCr	45TCr
Accounts Receivable Long-Term	3.96TCr	4.77TCr	8.21TCr	8.73TCr	7.86TCr
Loans Receivable Long-Term	21TCr	19TCr	25TCr	16TCr	49TCr
Deferred Tax Assets Long-Term	-	-	-	34TCr	48TCr
Other Long-Term Assets, Total	92TCr	1,08900Cr	1,36200Cr	1,28500Cr	1,48100Cr
Total Assets	21,88200Cr	23,35200Cr	27,04700Cr	26,12900Cr	28,71400Cr
Liabilities
Accounts Payable, Total	50TCr	51TCr	1,11300Cr	60TCr	78TCr
Accrued Expenses, Total	29TCr	30TCr	42TCr	51TCr	80TCr
Short-term Borrowings	15TCr	12TCr	13TCr	13TCr	37TCr
Current Portion of Long-Term Debt	62TCr	57TCr	57TCr	58TCr	93TCr
Current Portion of Leases	4.2TCr	4.15TCr	5.31TCr	5.16TCr	8.41TCr
Current Income Taxes Payable	3.97TCr	1.44TCr	11TCr	5.06TCr	2.11TCr
Other Current Liabilities	88TCr	1,07000Cr	1,63100Cr	97TCr	1,55600Cr
Total Current Liabilities	2,52700Cr	2,62700Cr	4,02300Cr	2,90100Cr	4,53200Cr
Long-Term Debt	3,09000Cr	4,21400Cr	4,18700Cr	4,35700Cr	5,36200Cr
Long-Term Leases	21TCr	21TCr	23TCr	22TCr	31TCr
Pension & Other Post Retirement Benefits	29TCr	33TCr	30TCr	31TCr	30TCr
Deferred Tax Liability Non Current	77TCr	67TCr	88TCr	1,45600Cr	1,29500Cr
Other Non Current Liabilities	38TCr	50TCr	57TCr	43TCr	46TCr
Total Liabilities	7,26700Cr	8,54700Cr	10,18100Cr	9,68300Cr	12,26100Cr
Common Stock, Total	33TCr	33TCr	33TCr	33TCr	33TCr
Retained Earnings	13,10800Cr	12,75300Cr	14,69900Cr	14,37500Cr	14,08300Cr
Treasury Stock	-33Cr	-33Cr	-33Cr	-33Cr	-33Cr
Comprehensive Income and Other	67TCr	1,16000Cr	1,22700Cr	1,04900Cr	1,24200Cr
Total Common Equity	14,10500Cr	14,23800Cr	16,25200Cr	15,75000Cr	15,65000Cr
Minority Interest	51TCr	57TCr	62TCr	70TCr	80TCr
Total Equity	14,61600Cr	14,80500Cr	16,86700Cr	16,44600Cr	16,45300Cr
Total Liabilities And Equity	21,88200Cr	23,35200Cr	27,04700Cr	26,12900Cr	28,71400Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.36TCr	2.36TCr	2.36TCr	2.36TCr	2.36TCr
ECS Total Common Shares Outstanding	2.36TCr	2.36TCr	2.36TCr	2.36TCr	2.36TCr
Book Value / Share	596.54	593.88	674.07	653.45	630.87
Tangible Book Value	13,56500Cr	13,68000Cr	15,71500Cr	15,23500Cr	15,04800Cr
Tangible Book Value Per Share	573.7	570.27	651.4	631.67	605.4
Total Debt	4,11100Cr	5,16100Cr	5,16700Cr	5,33700Cr	7,05000Cr
Net Debt	2,70900Cr	4,08100Cr	2,92700Cr	4,12900Cr	5,43400Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	27TCr	33TCr	-	-	-
Debt Equivalent Oper. Leases	13TCr	11TCr	11TCr	-	-
Minority Interest, Total (Incl. Fin. Div)	51TCr	57TCr	62TCr	70TCr	80TCr
Equity Method Investments, Total	1,18300Cr	1,32700Cr	1,42200Cr	1,32900Cr	1,53700Cr
Account Code - Inventory Valuation	6	6	3	6	6
Inventories - Raw Materials, Total	20TCr	21TCr	21TCr	23TCr	29TCr
Inventories - Finished Goods, Total	76TCr	78TCr	81TCr	82TCr	91TCr
Buildings, Total	4,54000Cr	5,04700Cr	5,33100Cr	5,77200Cr	6,33200Cr
Machinery, Total	5,58900Cr	6,13200Cr	6,59800Cr	7,03600Cr	7,59200Cr
Full Time Employees	5L	5L	5L	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	84TCr	98TCr	1,02500Cr	1,45800Cr	2,01500Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1,20300Cr	14TCr	2,09300Cr	1,22600Cr	-63TCr
Depreciation & Amortization - CF	70TCr	79TCr	82TCr	85TCr	98TCr
Amortization of Goodwill and Intangible Assets - (CF)	1.21TCr	1TCr	899.8Cr	861.7Cr	630Cr
Impairment of Oil, Gas & Mineral Properties - (CF)	531.7Cr	1.85TCr	886.4Cr	9.51TCr	6.07TCr
Depreciation & Amortization, Total	72TCr	82TCr	84TCr	96TCr	1,04300Cr
(Gain) Loss on Sale of Investments - (CF)	-29Cr	412.4Cr	5.22TCr	15TCr	11TCr
Asset Writedown & Restructuring Costs	1.96TCr	3.06TCr	39TCr	1,04000Cr	1,31600Cr
(Income) Loss On Equity Investments - (CF)	-21TCr	-14TCr	-24TCr	-17TCr	-35TCr
Provision and Write-off of Bad Debts	12TCr	5.62TCr	5.28TCr	-	-
Other Operating Activities, Total	-9.16TCr	59TCr	20TCr	27TCr	39TCr
Change In Accounts Receivable	9.66TCr	-29TCr	-75TCr	-79TCr	30TCr
Change In Inventories	-8.44TCr	-2.81TCr	-11TCr	-12TCr	-15TCr
Change In Accounts Payable	-9.34TCr	-1.55TCr	66TCr	-72TCr	15TCr
Change in Other Net Operating Assets	2.95TCr	75TCr	-16TCr	36TCr	13TCr
Cash from Operations	1,70900Cr	1,91900Cr	3,01500Cr	2,19300Cr	2,29600Cr
Capital Expenditure	-1,89900Cr	-1,65600Cr	-2,08500Cr	-2,37400Cr	-2,72700Cr
Cash Acquisitions	-680.8Cr	-	-495.8Cr	-20L	-8.75TCr
Divestitures	121.7Cr	1.3TCr	548.7Cr	1.43TCr	1.76TCr
Investment in Marketable and Equity Securities, Total	12TCr	8.37TCr	19TCr	3.27TCr	-2.71TCr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-17TCr	1.78TCr	424.7Cr	854.2Cr	-23TCr
Other Investing Activities, Total	2.12TCr	-441.1Cr	5.58TCr	18TCr	14TCr
Cash from Investing	-1,93800Cr	-1,54600Cr	-1,83000Cr	-2,13700Cr	-2,91500Cr
Short Term Debt Issued, Total	12TCr	7.42TCr	11TCr	14TCr	31TCr
Long-Term Debt Issued, Total	1,04300Cr	1,06600Cr	84TCr	1,20200Cr	1,29600Cr
Total Debt Issued	1,16100Cr	1,14000Cr	95TCr	1,33800Cr	1,60200Cr
Short Term Debt Repaid, Total	-4.97TCr	-13TCr	-10TCr	-28TCr	-2.01TCr
Long-Term Debt Repaid, Total	-86TCr	-85TCr	-79TCr	-64TCr	-1LCr
Total Debt Repaid	-91TCr	-99TCr	-89TCr	-92TCr	-1,01800Cr
Issuance of Common Stock	32TCr	20TCr	12TCr	40Cr	38TCr
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-38TCr	-37TCr	-32TCr	-1,14200Cr	-5.08TCr
Common & Preferred Stock Dividends Paid	-38TCr	-37TCr	-32TCr	-1,14200Cr	-5.08TCr
Other Financing Activities, Total	-4.68TCr	-8.46TCr	-3.76TCr	-7.14TCr	-7.5TCr
Cash from Financing	15TCr	-11TCr	-18TCr	-79TCr	84TCr
Foreign Exchange Rate Adjustments	-7.7TCr	7.2TCr	-2.7TCr	-12TCr	4.53TCr
Net Change in Cash	-15TCr	34TCr	98TCr	-86TCr	27TCr
Supplemental Items
Cash Interest Paid	4.82TCr	3.98TCr	4.41TCr	7.05TCr	-
Cash Income Tax Paid (Refund)	32TCr	11TCr	34TCr	61TCr	33TCr
Levered Free Cash Flow	-46TCr	-61TCr	59TCr	-22TCr	-19TCr
Unlevered Free Cash Flow	-41TCr	-57TCr	65TCr	-15TCr	-7.6TCr
Change In Net Working Capital	7.89TCr	8.85TCr	-10TCr	57TCr	-1,26000Cr
Net Debt Issued / Repaid	26TCr	15TCr	5.91TCr	42TCr	58TCr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.95	1.59	7.12	6.93	1.27
Return on Total Capital	4.64	1.86	8.54	8.41	1.54
Return On Equity %	8.94	1.1	13.63	7.87	-3.54
Return on Common Equity	8.78	0.94	13.66	7.55	-4.15
Margin Analysis
Gross Profit Margin %	63.54	61.63	66.42	76.02	75.37
SG&A Margin	11.01	14.11	9.04	8.17	12.84
EBITDA Margin %	26.52	21.37	35.74	33.06	18.01
EBITA Margin %	17.78	9.26	28.1	25.32	6.6
EBIT Margin %	17.62	9.1	28.02	25.24	6.52
Income From Continuing Operations Margin %	16.57	2.57	21.08	11.24	-6.83
Net Income Margin %	15.7	2.14	20.44	10.5	-7.36
Net Avail. For Common Margin %	15.7	2.12	20.33	10.35	-7.63
Normalized Net Income Margin	13.64	1.96	18.94	15	2.58
Levered Free Cash Flow Margin	-6.02	-9.7	5.74	-1.92	-2.19
Unlevered Free Cash Flow Margin	-5.4	-8.98	6.31	-1.26	-0.89
Asset Turnover