Cash flow Shell plc

Equities

SHEL

GB00BP6MXD84

Integrated Oil & Gas

Market Closed - London S.E. Other stock markets 09:05:17 06/09/2024 pm IST			5-day change	1st Jan Change
2,516.00 ^GBX	-2.27%		-6.15%	-2.16%

06/09	Stocks decline as US nonfarms disappoint	AN
06/09	SHELL (NEU) : JP Morgan reaffirms its Buy rating	ZD

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Published financial data: SHELL PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	345B	181B	262B	381B	317B
Total Revenues	345B	181B	262B	381B	317B
Cost of Goods Sold, Total	279B	141B	199B	284B	238B
Gross Profit	65.46B	39.45B	62.77B	97.31B	78.5B
Selling General & Admin Expenses, Total	10.49B	9.88B	11.33B	12.88B	13.43B
Exploration / Drilling Costs, Total	1.14B	932M	784M	831M	882M
R&D Expenses	962M	907M	815M	1.08B	1.29B
Depreciation & Amortization - (IS)	25.11B	24.98B	23.07B	22.32B	23.01B
Impairment of Oil, Gas & Mineral Properties - (IS)	4.2B	20.97B	1.96B	-4.2B	5.16B
Other Operating Expenses	-	-	-	-	-677M
Other Operating Expenses, Total	41.9B	57.67B	37.96B	32.9B	43.1B
Operating Income	23.56B	-18.22B	24.81B	64.4B	35.4B
Interest Expense, Total	-4.69B	-4.09B	-3.61B	-3.18B	-4.67B
Interest And Investment Income	922M	701M	602M	1.26B	2.36B
Net Interest Expenses	-3.77B	-3.39B	-3B	-1.92B	-2.31B
Income (Loss) On Equity Invest.	3.6B	1.78B	4.1B	3.97B	3.72B
Currency Exchange Gains (Loss)	5M	-391M	118M	-340M	-458M
Other Non Operating Income (Expenses)	179M	273M	341M	477M	-
EBT, Excl. Unusual Items	23.58B	-19.94B	26.36B	66.59B	36.35B
Impairment of Goodwill	-135M	-276M	-167M	-361M	-635M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	2.52B	286M	6B	642M	257M
Asset Writedown	-474M	-7.03B	-2.36B	-933M	-3.35B
Other Unusual Items	-	-	-	-1.13B	-
EBT, Incl. Unusual Items	25.48B	-26.97B	29.83B	64.82B	32.63B
Income Tax Expense	9.05B	-5.43B	9.2B	21.94B	12.99B
Earnings From Continuing Operations	16.43B	-21.53B	20.63B	42.87B	19.64B
Net Income to Company	16.43B	-21.53B	20.63B	42.87B	19.64B
Minority Interest	-590M	-146M	-529M	-565M	-277M
Net Income - (IS)	15.84B	-21.68B	20.1B	42.31B	19.36B
Net Income to Common Incl Extra Items	15.84B	-21.68B	20.1B	42.31B	19.36B
Net Income to Common Excl. Extra Items	15.84B	-21.68B	20.1B	42.31B	19.36B
Per Share Items
Net EPS - Basic	1.97	-2.78	2.59	5.76	2.88
Basic EPS - Continuing Operations	1.97	-2.78	2.59	5.76	2.88
Basic Weighted Average Shares Outstanding	8.06B	7.8B	7.76B	7.35B	6.73B
Net EPS - Diluted	1.95	-2.78	2.57	5.71	2.85
Diluted EPS - Continuing Operations	1.95	-2.78	2.57	5.71	2.85
Diluted Weighted Average Shares Outstanding	8.11B	7.8B	7.81B	7.41B	6.8B
Normalized Basic EPS	1.76	-1.62	2.05	5.59	3.33
Normalized Diluted EPS	1.74	-1.62	2.04	5.54	3.3
Dividend Per Share	1.88	0.65	0.89	1.04	1.29
Payout Ratio	95.93	-34.24	31.11	17.5	43.35
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	48.68B	22.4B	45.63B	78.39B	46.22B
EBITA	24.78B	-17.05B	25.97B	65.58B	36.5B
EBIT	23.56B	-18.22B	24.81B	64.4B	35.4B
EBITDAR	50.6B	24.76B	47.44B	80.19B	48.13B
Total Revenues (As Reported)	352B	183B	273B	386B	323B
Effective Tax Rate - (Ratio)	35.52	20.15	30.84	33.85	39.82
Total Current Taxes	7.6B	3.22B	6.54B	15.44B	12.64B
Total Deferred Taxes	1.46B	-8.65B	2.66B	6.5B	347M
Normalized Net Income	14.14B	-12.61B	15.95B	41.06B	22.44B
Interest Capitalized	752M	799M	917M	950M	532M
Interest on Long-Term Debt	2.19B	2.18B	1.99B	1.72B	1.77B
Non-Cash Pension Expense	137M	-3M	-152M	218M	83M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	962M	907M	815M	1.08B	1.29B
Exploration/Drilling Costs	1.14B	932M	784M	831M	882M
Net Rental Expense, Total	1.92B	2.36B	1.82B	1.8B	1.91B
Imputed Operating Lease Interest Expense	967M	905M	667M	689M	961M
Imputed Operating Lease Depreciation	958M	1.46B	1.15B	1.11B	949M
Stock-Based Comp., Other (Total)	552M	376M	555M	824M	717M
Total Stock-Based Compensation	552M	376M	555M	824M	717M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	18.06B	31.83B	36.97B	40.25B	38.77B
Total Cash And Short Term Investments	18.06B	31.83B	36.97B	40.25B	38.77B
Accounts Receivable, Total	30.43B	21.97B	34.94B	39.54B	36.46B
Other Receivables	8.7B	7.98B	9.29B	12.46B	10.66B
Total Receivables	39.13B	29.94B	44.23B	52B	47.12B
Inventory	24.07B	19.46B	25.26B	31.89B	26.02B
Prepaid Expenses	4.28B	3.68B	8.98B	14.51B	6.16B
Other Current Assets, Total	7.15B	5.78B	13.33B	27.29B	16.05B
Total Current Assets	92.69B	90.7B	129B	166B	134B
Gross Property Plant And Equipment	439B	455B	437B	435B	455B
Accumulated Depreciation	-201B	-244B	-242B	-236B	-260B
Net Property Plant And Equipment	238B	211B	195B	199B	195B
Long-term Investments	25.8B	25.67B	27.21B	27.23B	27.7B
Goodwill	14.2B	14.15B	14.92B	16.04B	16.66B
Other Intangibles, Total	9.28B	8.67B	9.77B	9.66B	10.25B
Accounts Receivable Long-Term	1.53B	1.38B	1.28B	1.09B	1.03B
Deferred Tax Assets Long-Term	10.52B	16.31B	12.43B	7.82B	6.45B
Other Long-Term Assets, Total	11.96B	11.54B	15.07B	16.61B	15.22B
Total Assets	404B	379B	404B	443B	406B
Liabilities
Accounts Payable, Total	29.5B	22.66B	34.14B	42.63B	34.59B
Accrued Expenses, Total	13.94B	12.4B	14.96B	18.55B	16.56B
Short-term Borrowings	3.96B	7.54B	515M	1.03B	845M
Current Portion of Long-Term Debt	6.15B	5.22B	3.56B	3.59B	4.52B
Current Portion of Leases	4.96B	4.14B	4.14B	4.38B	4.64B
Current Income Taxes Payable	3.48B	3.11B	3.25B	4.87B	3.42B
Other Current Liabilities	17.64B	18.88B	34.98B	46.26B	30.89B
Total Current Liabilities	79.62B	73.95B	95.55B	121B	95.47B
Long-Term Debt	55.78B	66.84B	57.5B	51.53B	48.56B
Long-Term Leases	25.58B	24.28B	23.37B	23.26B	23.07B
Pension & Other Post Retirement Benefits	13.02B	15.17B	11.32B	7.3B	7.55B
Deferred Tax Liability Non Current	14.52B	10.46B	12.55B	16.19B	15.35B
Other Non Current Liabilities	25.35B	30.03B	28.77B	30.84B	27.92B
Total Liabilities	214B	221B	229B	250B	218B
Common Stock, Total	657M	651M	641M	584M	544M
Additional Paid In Capital	154M	154M	154M	154M	154M
Retained Earnings	172B	143B	153B	169B	166B
Comprehensive Income and Other	13.23B	11.89B	18.14B	20.25B	19.99B
Total Common Equity	186B	155B	172B	190B	187B
Minority Interest	3.99B	3.23B	3.36B	2.12B	1.76B
Total Equity	190B	159B	175B	193B	188B
Total Liabilities And Equity	404B	379B	404B	443B	406B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.82B	7.77B	7.62B	6.95B	6.48B
ECS Total Common Shares Outstanding	7.85B	7.77B	7.66B	7B	6.52B
Book Value / Share	23.76	19.98	22.46	27.2	28.6
Tangible Book Value	163B	132B	147B	165B	160B
Tangible Book Value Per Share	20.77	17.05	19.24	23.53	24.48
Total Debt	96.42B	108B	89.09B	83.8B	81.64B
Net Debt	78.37B	76.18B	52.12B	43.55B	42.86B
Debt Equivalent of Unfunded Proj. Benefit Obligation	8.72B	13.11B	-2.03B	-6.15B	-5.04B
Debt Equivalent Oper. Leases	15.4B	18.92B	14.53B	14.42B	15.28B
Minority Interest, Total (Incl. Fin. Div)	3.99B	3.23B	3.36B	2.12B	1.76B
Equity Method Investments, Total	22.81B	22.45B	23.42B	23.86B	24.46B
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	1.42B	-	1.39B	1.51B	1.68B
Inventories - Finished Goods, Total	22.65B	16.95B	22.14B	27.82B	22.23B
Inventories - Others	-	2.51B	1.73B	2.56B	2.11B
Full Time Employees	83K	87K	82K	91.14K	103K
Accumulated Allowance for Doubtful Accounts (Supple)	842M	1.32B	2.37B	2.35B	1.85B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	15.84B	-21.68B	20.1B	42.31B	19.36B
Depreciation & Amortization - CF	23.89B	23.81B	21.91B	21.22B	21.87B
Amortization of Goodwill and Intangible Assets - (CF)	1.22B	1.18B	1.16B	1.17B	1.1B
Impairment of Oil, Gas & Mineral Properties - (CF)	4.2B	20.97B	1.96B	-4.2B	5.16B
Depreciation & Amortization, Total	29.31B	45.95B	25.03B	18.19B	28.13B
(Gain) Loss From Sale Of Asset	-2.52B	-286M	-6B	-642M	-246M
Asset Writedown & Restructuring Costs	609M	7.31B	2.53B	1.22B	4.03B
(Income) Loss On Equity Investments - (CF)	-3.6B	-1.78B	-4.1B	-3.97B	-3.72B
Other Operating Activities, Total	7.32B	-13M	17.9B	16.74B	-1.19B
Change In Accounts Receivable	-921M	9.62B	-20.57B	-8.99B	12.4B
Change In Inventories	-2.64B	4.48B	-7.32B	-8.36B	6.32B
Change In Accounts Payable	-1.22B	-9.49B	17.52B	11.92B	-10.89B
Cash from Operations	42.18B	34.1B	45.1B	68.41B	54.19B
Capital Expenditure	-22.97B	-16.58B	-19B	-22.6B	-22.99B
Sale of Property, Plant, and Equipment	4.8B	2.49B	14.23B	1.43B	2.56B
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	2.12B	279M	183M	-1.6B	-874M
Other Investing Activities, Total	269M	539M	-177M	326M	3.57B
Cash from Investing	-15.78B	-13.28B	-4.76B	-22.45B	-17.73B
Short Term Debt Issued, Total	-	-	14M	318M	-
Long-Term Debt Issued, Total	11.18B	23.03B	1.79B	269M	1.03B
Total Debt Issued	11.18B	23.03B	1.8B	587M	1.03B
Short Term Debt Repaid, Total	-308M	-63M	-	-	-211M
Long-Term Debt Repaid, Total	-14.29B	-17.38B	-21.53B	-8.46B	-10.65B
Total Debt Repaid	-14.6B	-17.45B	-21.53B	-8.46B	-10.86B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-11.36B	-2.08B	-3.17B	-19.03B	-15.51B
Common Dividends Paid	-15.2B	-7.42B	-6.25B	-7.4B	-8.39B
Common & Preferred Stock Dividends Paid	-15.2B	-7.42B	-6.25B	-7.4B	-8.39B
Other Financing Activities, Total	-5.23B	-3.3B	-5.51B	-7.65B	-4.5B
Cash from Financing	-35.21B	-7.22B	-34.66B	-41.95B	-38.24B
Foreign Exchange Rate Adjustments	124M	172M	-539M	-736M	306M
Net Change in Cash	-8.69B	13.78B	5.14B	3.28B	-1.47B
Supplemental Items
Cash Interest Paid	4.65B	4.1B	4.01B	3.68B	4.44B
Cash Income Tax Paid (Refund)	7.6B	3.29B	5.48B	13.12B	13.71B
Levered Free Cash Flow	11.67B	24.06B	18.69B	25.76B	28.56B
Unlevered Free Cash Flow	14.6B	26.61B	20.94B	27.75B	31.48B
Change In Net Working Capital	7.01B	-8.26B	1.15B	8.92B	-3.5B
Net Debt Issued / Repaid	-3.42B	5.58B	-19.73B	-7.87B	-9.83B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.66	-2.91	3.96	9.5	5.21
Return on Total Capital	5.2	-4.12	5.84	14.89	8.1
Return On Equity %	8.36	-12.34	12.36	23.31	10.31
Return on Common Equity	8.23	-12.69	12.28	23.35	10.27
Margin Analysis
Gross Profit Margin %	18.98	21.85	24	25.52	24.79
SG&A Margin	3.04	5.47	4.33	3.38	4.24
EBITDA Margin %	14.11	12.4	17.45	20.56	14.6
EBITA Margin %	7.18	-9.44	9.93	17.2	11.53
EBIT Margin %	6.83	-10.09	9.49	16.89	11.18
Income From Continuing Operations Margin %	4.76	-11.93	7.89	11.24	6.2
Net Income Margin %	4.59	-12.01	7.69	11.1	6.11
Net Avail. For Common Margin %	4.59	-12.01	7.69	11.1	6.11
Normalized Net Income Margin	4.1	-6.99	6.1	10.77	7.09
Levered Free Cash Flow Margin	3.38	13.33	7.15	6.76	9.02
Unlevered Free Cash Flow Margin	4.23	14.74	8.01	7.28	9.94
Asset Turnover
Asset Turnover	0.86	0.46	0.67	0.9	0.75
Fixed Assets Turnover	1.49	0.8	1.29	1.94	1.61
Receivables Turnover (Average Receivables)	11.9	6.89	9.19	10.24	8.33
Inventory Turnover (Average Inventory)	12.37	6.48	8.89	9.94	8.22
Short Term Liquidity