Balance Sheet YPF Sociedad Anónima

Equities

YPFD

ARP9897X1319

Oil & Gas Refining and Marketing

End-of-day quote Buenos Aires S.E. Other stock markets 06/09/2024			5-day change	1st Jan Change
29,550.00 ^ARS	-3.04%		-3.51%	+77.07%

06/09	UBS Adjusts Price Target on YPF Sociedad Anonima to $30 From $28, Maintains Buy Rating	MT
30/08	Sector Update: Energy Stocks Retreat Late Afternoon	MT

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Published financial data: YPF SOCIEDAD ANÓNIMA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	679B	669B	1,271B	2,526B	5,485B
Total Revenues	679B	669B	1,271B	2,526B	5,485B
Cost of Goods Sold, Total	570B	622B	1,021B	1,876B	4,515B
Gross Profit	108B	47.34B	251B	651B	969B
Selling General & Admin Expenses, Total	68.1B	97.76B	133B	241B	592B
Exploration / Drilling Costs, Total	6.67B	5.72B	2.42B	8.98B	19.96B
Other Operating Expenses	11.49B	11.68B	19.75B	113B	200B
Other Operating Expenses, Total	86.26B	115B	156B	363B	812B
Operating Income	21.87B	-67.82B	94.93B	287B	158B
Interest Expense, Total	-48.14B	-65.82B	-71.87B	-97.66B	-275B
Interest And Investment Income	7.66B	7.36B	16.88B	46.19B	136B
Net Interest Expenses	-40.47B	-58.46B	-54.99B	-51.47B	-139B
Income (Loss) On Equity Invest.	7.97B	13.27B	26.98B	58.08B	-30.91B
Currency Exchange Gains (Loss)	47.94B	36.1B	23.01B	72.44B	582B
Other Non Operating Income (Expenses)	19M	-496M	-2.29B	3.32B	38.33B
EBT, Excl. Unusual Items	37.32B	-77.4B	87.64B	370B	608B
Gain (Loss) On Sale Of Investments	-1.45B	13.65B	10.87B	19.19B	140B
Gain (Loss) On Sale Of Assets	778M	12.23B	7.58B	-	-
Asset Writedown	-41.43B	6.85B	-11.26B	-18.43B	-1,614B
Insurance Settlements	498M	3.92B	1.5B	-	-
Legal Settlements	-2.73B	-5.3B	-34.59B	28.7B	-12.47B
Other Unusual Items	-	-10.38B	1.86B	-	-
EBT, Incl. Unusual Items	-7.01B	-56.43B	63.6B	399B	-879B
Income Tax Expense	26.37B	14.59B	64.41B	109B	653B
Earnings From Continuing Operations	-33.38B	-71.02B	-808M	290B	-1,533B
Net Income to Company	-33.38B	-71.02B	-808M	290B	-1,533B
Minority Interest	-692M	1.37B	1.06B	-1.21B	-28.47B
Net Income - (IS)	-34.07B	-69.65B	257M	289B	-1,561B
Net Income to Common Incl Extra Items	-34.07B	-69.65B	257M	289B	-1,561B
Net Income to Common Excl. Extra Items	-34.07B	-69.65B	257M	289B	-1,561B
Per Share Items
Net EPS - Basic	-86.85	-177.42	0.65	736.04	-3.99K
Basic EPS - Continuing Operations	-86.85	-177.42	0.65	736.04	-3.99K
Basic Weighted Average Shares Outstanding	392M	393M	393M	393M	392M
Net EPS - Diluted	-86.85	-177.42	0.65	736.04	-3.99K
Diluted EPS - Continuing Operations	-86.85	-177.42	0.65	736.04	-3.99K
Diluted Weighted Average Shares Outstanding	392M	393M	393M	393M	392M
Normalized Basic EPS	57.7	-119.75	142.16	585.32	897.37
Normalized Diluted EPS	57.7	-119.75	142.16	585.32	897.37
Dividend Per Share	-	-	-	-	-
Payout Ratio	-6.75	-	-	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	170B	107B	367B	632B	1,080B
EBITA	24.25B	-64.39B	99.77B	294B	173B
EBIT	21.87B	-67.82B	94.93B	287B	158B
EBITDAR	182B	116B	381B	653B	1,149B
Effective Tax Rate - (Ratio)	-376.16	-25.85	101.27	27.28	-74.32
Total Current Taxes	1.94B	1.25B	1.88B	5.58B	36.12B
Total Deferred Taxes	3.59B	19.75B	62.53B	105B	617B
Normalized Net Income	22.64B	-47.01B	55.84B	230B	352B
Interest Capitalized	949M	867M	1.08B	1.61B	4.47B
Interest on Long-Term Debt	48.09B	64.58B	5.39B	9.78B	23.13B
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	3.62B	3.26B	6.14B	14.91B	31.75B
Marketing Expenses	-	-	-	150B	-
Selling and Marketing Expenses	46.42B	65.65B	93.37B	165B	363B
General and Administrative Expenses	20.78B	30.17B	38.89B	74.36B	224B
Research And Development Expense From Footnotes	2.47B	2.13B	1.94B	7.27B	18.4B
Exploration/Drilling Costs	2.84B	2.14B	1.49B	5.26B	19.96B
Net Rental Expense, Total	11.98B	9.27B	13.57B	21.02B	68.71B
Imputed Operating Lease Interest Expense	10.18B	7.53B	10.31B	15.4B	36.18B
Imputed Operating Lease Depreciation	1.79B	1.74B	3.27B	5.62B	32.53B
Maintenance & Repair Expenses, Total	50.99B	53.77B	93.58B	180B	487B
Stock-Based Comp., Other (Total)	493M	541M	342M	1.05B	1.19B
Total Stock-Based Compensation	493M	541M	342M	1.05B	1.19B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	66.1B	54.62B	62.68B	137B	906B
Short Term Investments	8.37B	28.93B	51.01B	43.46B	121B
Trading Asset Securities, Total	-	-	-	13.03B	91.6B
Total Cash And Short Term Investments	74.47B	83.55B	114B	193B	1,119B
Accounts Receivable, Total	121B	111B	137B	267B	802B
Other Receivables	15.7B	16.6B	31.4B	98.84B	185B
Notes Receivable	3.88B	997M	1.62B	6.31B	7.7B
Total Receivables	141B	129B	170B	372B	996B
Inventory	80.48B	100B	154B	308B	1,358B
Prepaid Expenses	2.37B	3.5B	9B	7.19B	26.95B
Other Current Assets, Total	11.54B	11.43B	19.4B	30.23B	78.83B
Total Current Assets	309B	328B	466B	911B	3,578B
Gross Property Plant And Equipment	3,724B	5,328B	6,785B	12,500B	59,717B
Accumulated Depreciation	-2,594B	-3,905B	-5,090B	-9,303B	-44,914B
Net Property Plant And Equipment	1,130B	1,424B	1,696B	3,196B	14,803B
Long-term Investments	67.59B	107B	159B	373B	1,359B
Other Intangibles, Total	37.18B	39.12B	43.01B	68.05B	297B
Accounts Receivable Long-Term	15.78B	9.08B	6.45B	3.26B	25.2B
Loans Receivable Long-Term	2.46B	814M	975M	1.85B	35.1B
Deferred Tax Assets Long-Term	1.58B	2.63B	1.92B	3.01B	14.17B
Other Long-Term Assets, Total	8.87B	13.3B	16.48B	32.38B	92.18B
Total Assets	1,573B	1,923B	2,390B	4,588B	20,202B
Liabilities
Accounts Payable, Total	147B	139B	195B	444B	1,857B
Accrued Expenses, Total	21.48B	31.48B	42.73B	84.74B	293B
Short-term Borrowings	2.1B	5.46B	794M	12.49B	45.09B
Current Portion of Long-Term Debt	105B	145B	85.89B	189B	1,172B
Current Portion of Leases	21.39B	22.1B	27.29B	52.06B	275B
Current Income Taxes Payable	1.96B	740M	1.34B	4.71B	25.14B
Unearned Revenue Current, Total	7.4B	6.82B	13.33B	13.58B	55.31B
Other Current Liabilities	8.48B	20.26B	25.05B	45.63B	247B
Total Current Liabilities	315B	371B	391B	847B	3,970B
Long-Term Debt	420B	528B	671B	1,053B	5,392B
Long-Term Leases	40.39B	24.17B	28.34B	48.22B	262B
Unearned Revenue Non Current	294M	-	-	-	27.72B
Pension & Other Post Retirement Benefits	-	-	3.26B	215M	370M
Deferred Tax Liability Non Current	97.23B	120B	185B	307B	1,002B
Other Non Current Liabilities	153B	198B	264B	465B	2,245B
Total Liabilities	1,025B	1,240B	1,542B	2,720B	12,898B
Common Stock, Total	3.92B	3.93B	3.93B	3.92B	3.92B
Additional Paid In Capital	640M	640M	640M	640M	640M
Retained Earnings	-29.56B	-63.94B	-54.2B	1,140B	4,139B
Treasury Stock	-	-	-493M	-4.66B	-6.02B
Comprehensive Income and Other	568B	737B	890B	711B	3,084B
Total Common Equity	543B	677B	840B	1,851B	7,222B
Minority Interest	5.55B	6.16B	8.23B	17.27B	82.32B
Total Equity	548B	683B	848B	1,868B	7,304B
Total Liabilities And Equity	1,573B	1,923B	2,390B	4,588B	20,202B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	393M	393M	393M	393M	393M
ECS Total Common Shares Outstanding	393M	393M	393M	393M	393M
Book Value / Share	1.38K	1.72K	2.14K	4.71K	18.36K
Tangible Book Value	505B	638B	797B	1,783B	6,925B
Tangible Book Value Per Share	1.28K	1.62K	2.03K	4.53K	17.61K
Total Debt	589B	725B	813B	1,355B	7,146B
Net Debt	514B	641B	699B	1,162B	6,027B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	95.82B	74.18B	109B	168B	550B
Minority Interest, Total (Incl. Fin. Div)	5.55B	6.16B	8.23B	17.27B	82.32B
Equity Method Investments, Total	67.59B	107B	157B	337B	1,352B
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	2.9B	5.13B	7.78B	16.71B	63.08B
Inventories - Work In Process, Total	2.26B	1.97B	3.5B	9.08B	36.4B
Inventories - Finished Goods, Total	75.32B	93.04B	143B	282B	1,258B
Land - (BS)	77.19B	108B	138B	247B	1,083B
Machinery, Total	604B	891B	1,123B	2,015B	9,554B
Full Time Employees	20.32K	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	6.58B	10.52B	10.43B	13.41B	37.65B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-34.07B	-69.65B	257M	289B	-1,561B
Depreciation & Amortization - CF	156B	189B	287B	366B	973B
Amortization of Goodwill and Intangible Assets - (CF)	2.37B	3.43B	4.83B	6.25B	15.12B
Depreciation & Amortization, Total	159B	193B	292B	373B	989B
(Gain) Loss From Sale Of Asset	-778M	-12.23B	-5.55B	-	-
Asset Writedown & Restructuring Costs	60.55B	17.46B	43.53B	66.53B	1,725B
(Income) Loss On Equity Investments - (CF)	-7.97B	-13.27B	-26.98B	-58.08B	30.91B
Stock-Based Compensation (CF)	493M	541M	342M	1.05B	1.19B
Other Operating Activities, Total	28.33B	45.33B	148B	65.29B	429B
Change In Accounts Receivable	-11.39B	34.32B	9.49B	-51.03B	-108B
Change In Inventories	6.73B	13.33B	-27.56B	-20.01B	38.58B
Change In Accounts Payable	29.44B	-21.04B	148M	85.5B	317B
Change in Unearned Revenues	776M	526M	6.86B	-3.62B	17.86B
Change In Income Taxes	-1.14B	862M	-3.64B	6.64B	21.73B
Change in Other Net Operating Assets	-12.6B	20.28B	-36.32B	-17.24B	-127B
Cash from Operations	217B	209B	400B	737B	1,774B
Capital Expenditure	-161B	-115B	-235B	-532B	-1,591B
Sale of Property, Plant, and Equipment	382M	13.87B	4.5B	1.04B	4.33B
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-3.87B	-8.43B	-17.38B	-3.04B	38.73B
Other Investing Activities, Total	1.06B	18M	3.69B	11.1B	25.64B
Cash from Investing	-164B	-109B	-244B	-523B	-1,522B
Short Term Debt Issued, Total	-	-	-	11.69B	32.6B
Long-Term Debt Issued, Total	97.35B	139B	97.42B	49.26B	746B
Total Debt Issued	97.35B	139B	97.42B	60.96B	778B
Long-Term Debt Repaid, Total	-109B	-198B	-190B	-139B	-529B
Total Debt Repaid	-109B	-198B	-190B	-139B	-529B
Repurchase of Common Stock	-280M	-550M	-	-4.24B	-
Common Dividends Paid	-2.3B	-	-	-	-
Common & Preferred Stock Dividends Paid	-2.3B	-	-	-	-
Other Financing Activities, Total	-42.19B	-61.38B	-58.54B	-74.34B	-216B
Cash from Financing	-56.08B	-121B	-151B	-157B	33.16B
Foreign Exchange Rate Adjustments	22.9B	9.58B	2.7B	17.66B	484B
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	20.07B	-11.48B	8.06B	74.2B	769B
Supplemental Items
Cash Interest Paid	42.19B	61.38B	58.54B	74.34B	216B
Cash Income Tax Paid (Refund)	6.96B	2.71B	515M	43.71B	5.29B
Levered Free Cash Flow	-29.87B	-2.45B	42.41B	-88.83B	-532B
Unlevered Free Cash Flow	212M	38.69B	87.33B	-27.79B	-360B
Change In Net Working Capital	11.27B	-2.4B	29.26B	48.87B	-143B
Net Debt Issued / Repaid	-11.31B	-59.18B	-92.12B	-78.52B	250B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.06	-2.42	2.75	5.15	0.79
Return on Total Capital	1.49	-3.33	3.87	7.35	1.11
Return On Equity %	-7.33	-11.53	-0.11	21.37	-33.42
Return on Common Equity	-7.56	-11.42	0.03	21.48	-34.42
Margin Analysis
Gross Profit Margin %	15.93	7.07	19.71	25.76	17.68
SG&A Margin	10.04	14.61	10.5	9.54	10.8
EBITDA Margin %