Petróleo Brasileiro S.A. - Petrobras

BOVESPA-PETR4

Overview Financials Investor Relations Estimates Ownership Industry Dividends Modeling Filings

Income Statement	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Impairment of Oil, Gas & Mineral Properties						2,490	16,774	-8,436	4,050	3,622	3,961
Total Revenues						263,827	272,069	452,668	641,256	511,994	499,065
Total Revenues % Chg.						-15%	3.1%	66.4%	41.7%	-20.2%	-14.2%
Cost of Goods Sold, Total						141,722	148,107	233,031	307,156	242,061	238,376
Gross Profit						122,105	123,962	219,637	334,100	269,933	260,689
Selling General & Admin Expenses, Total						26,114	30,545	29,146	32,325	33,115	35,356
Exploration / Drilling Costs, Total						1,947	1,791	2,366	1,032	2,805	2,281
R&D Expenses						2,268	1,819	3,033	4,087	3,619	3,885
Impairment of Oil, Gas & Mineral Properties						299	16,774	-8,436	4,050	3,622	3,961
Other Operating Expenses						13,707	-7,274	6,195	-10,922	22,834	31,281
Other Operating Expenses, Total						44,335	43,655	32,304	30,572	65,995	76,764
Operating Income						77,770	80,307	187,333	303,528	203,938	183,925
Interest Expense, Total						-13,810	-20,508	-16,801	-13,790	-13,764	-14,766
Interest And Investment Income						2,247	1,017	1,706	5,955	8,258	8,546
Net Interest Expenses						-11,563	-19,491	-15,095	-7,835	-5,506	-6,220
Income (Loss) On Equity Invest.						547	-3,272	8,427	1,291	-1,480	-3,075
Currency Exchange Gains (Loss)						-11,852	-31,142	-39,728	-19,537	-7,634	-42,232
Other Non Operating Income (Expenses)						-4,536	10,439	5,493	11,391	5,583	-1,611
EBT, Excl. Unusual Items						50,366	36,841	146,430	288,838	194,901	130,787
Restructuring Charges				—		-791	-5,408	—	—	—	—
Impairment of Goodwill	—	—	—	—	—	—	-31	—	—	—	—
Gain (Loss) On Sale Of Investments	—	—	—		—	-127	-225	—	—	—	—
Gain (Loss) On Sale Of Assets						23,798	2,709	10,889	5,884	6,511	1,987
Asset Writedown						-12,581	-19,833	7,089	-6,393	-11,576	-9,374
Legal Settlements						-5,079	-1,830	-2,615	-6,512	-3,420	-3,864
Other Unusual Items						-8,344	-12,186	-10,218	-6,819	-8,935	-9,159
EBT, Incl. Unusual Items						47,242	37	151,575	274,998	177,481	110,377
Income Tax Expense						16,400	-6,209	44,311	85,993	52,315	31,159
Earnings From Continuing Operations						30,842	6,246	107,264	189,005	125,166	79,218
Earnings Of Discontinued Operations	—	—	—	—		10,128	—	—	—	—	—
Minority Interest						-833	862	-596	-677	-560	-455
Net Income						40,137	7,108	106,668	188,328	124,606	78,763
Net Income to Common Incl Extra Items						40,137	7,108	106,668	188,328	124,606	78,763
Net Income to Common Excl. Extra Items						30,009	7,108	106,668	188,328	124,606	78,763
Total Shares Outstanding						13,044.2	13,044.2	13,044.2	13,044.2	12,940.1	12,888.7
Weighted Avg. Shares Outstanding						13,044.2	13,044.2	13,044.2	13,044.2	13,022.3	12,954.6
Weighted Avg. Shares Outstanding Dil						13,044.2	13,044.2	13,044.2	13,044.2	13,022.3	12,954.6
EPS						3.1	0.5	8.2	14.4	9.6	6.1
EPS Diluted						3.1	0.5	8.2	14.4	9.6	6.1
EBITDA						118,655	134,464	218,583	352,315	246,184	225,349
Effective Tax Rate						34.7%	-16,781.1%	29.2%	31.3%	29.5%	28.2%