Cash flow Rosneft Oil

Equities

ROSN

RU000A0J2Q06

Integrated Oil & Gas

End-of-day quote Moscow Micex - RTS Other stock markets 08/07/2022			5-day change	1st Jan Change
351.20 ^RUB	-3.77%		-.--%	-

01-15	India's Nayara Energy buys only Russian oil in Dec for 5th straight month, data shows	RE
01-15	India Reliance's Dec Russian oil imports fall to nearly 2-year low, data shows	RE

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Published financial data: ROSNEFT OIL

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2023	2024
Revenues	8,316B	5,122B	8,634B	9,163B	10,139B
Total Revenues	8,316B	5,122B	8,634B	9,163B	10,139B
Cost of Goods Sold, Total	2,754B	1,536B	2,827B	675B	895B
Gross Profit	5,562B	3,586B	5,807B	8,488B	9,244B
Selling General & Admin Expenses, Total	200B	127B	149B	-	-
Exploration / Drilling Costs, Total	11B	15B	8B	-	-
Depreciation & Amortization - (IS)	687B	663B	668B	769B	848B
Impairment of Oil, Gas & Mineral Properties - (IS)	2B	305B	29B	-	-
Other Operating Expenses	3,478B	2,479B	3,586B	5,537B	6,267B
Other Operating Expenses, Total	4,378B	3,589B	4,440B	6,306B	7,115B
Operating Income	1,184B	-3B	1,367B	2,182B	2,129B
Interest Expense, Total	-202B	-175B	-186B	-	-
Interest And Investment Income	111B	86B	108B	-	-
Net Interest Expenses	-91B	-89B	-78B	-	-
Income (Loss) On Equity Invest.	100B	52B	88B	-	-
Currency Exchange Gains (Loss)	-82B	-161B	2B	-	-
Other Non Operating Income (Expenses)	-108B	-62B	-41B	-225B	-236B
EBT, Excl. Unusual Items	1,003B	-263B	1,338B	1,957B	1,893B
Impairment of Goodwill	-	-11B	-	-	-
Gain (Loss) On Sale Of Investments	21B	-12B	-	-	-
Gain (Loss) On Sale Of Assets	-16B	-15B	-8B	-	-
Asset Writedown	-13B	-45B	-77B	-	-
Insurance Settlements	2B	4B	4B	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	504B	-5B	-	-
EBT, Incl. Unusual Items	997B	162B	1,252B	1,957B	1,893B
Income Tax Expense	192B	-19B	240B	428B	552B
Earnings From Continuing Operations	805B	181B	1,012B	1,529B	1,341B
Net Income to Company	805B	181B	1,012B	1,529B	1,341B
Minority Interest	-97B	-34B	-129B	-	-
Net Income - (IS)	708B	147B	883B	1,529B	1,341B
Net Income to Common Incl Extra Items	708B	147B	883B	1,529B	1,341B
Net Income to Common Excl. Extra Items	708B	147B	883B	1,529B	1,341B
Per Share Items
Net EPS - Basic	66.81	14.88	92.95	160.95	-
Basic EPS - Continuing Operations	66.81	14.88	92.95	160.95	-
Basic Weighted Average Shares Outstanding	10.6B	9.88B	9.5B	9.5B	-
Net EPS - Diluted	66.81	14.88	92.95	160.95	-
Diluted EPS - Continuing Operations	66.81	14.88	92.95	160.95	-
Diluted Weighted Average Shares Outstanding	10.6B	9.88B	9.5B	9.5B	-
Normalized Basic EPS	50	-20.09	74.45	128.75	-
Normalized Diluted EPS	50	-20.09	74.45	128.75	-
Dividend Per Share	33.41	6.94	41.66	59.78	51.15
Payout Ratio	39.97	117.01	26.84	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	1,879B	967B	2,066B	2,951B	2,977B
EBITA	1,218B	29B	1,398B	2,182B	2,129B
EBIT	1,184B	-3B	1,367B	2,182B	2,129B
EBITDAR	1,890B	977B	2,076B	-	-
Total Revenues (As Reported)	8,676B	5,757B	8,761B	9,163B	10,139B
Effective Tax Rate - (Ratio)	19.26	-11.73	19.17	21.87	29.16
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	184B	102B	233B	-	-
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	8B	-121B	7B	-	-
Normalized Net Income	530B	-198B	707B	1,223B	1,183B
Interest Capitalized	158B	131B	172B	-	-
Interest on Long-Term Debt	164B	137B	148B	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	200B	127B	149B	-	-
Exploration/Drilling Costs	11B	15B	8B	-	-
Net Rental Expense, Total	11B	10B	9.9B	-	-
Imputed Operating Lease Interest Expense	8.03B	6.03B	6.32B	-	-
Imputed Operating Lease Depreciation	2.97B	3.97B	3.58B	-	-

Fiscal Period: December	2019	2020	2021	2023	2024
Assets
Cash And Equivalents	228B	806B	659B	-	-
Short Term Investments	61B	725B	842B	-	-
Trading Asset Securities, Total	357B	16B	21B	-	-
Total Cash And Short Term Investments	646B	1,547B	1,522B	-	-
Accounts Receivable, Total	713B	413B	636B	-	-
Other Receivables	220B	216B	416B	-	-
Notes Receivable	81B	207B	246B	-	-
Total Receivables	1,014B	836B	1,298B	-	-
Inventory	438B	361B	498B	-	-
Restricted Cash	10B	17B	14B	-	-
Other Current Assets, Total	288B	161B	203B	3,839B	4,283B
Total Current Assets	2,396B	2,922B	3,535B	3,839B	4,283B
Gross Property Plant And Equipment	13,347B	15,617B	15,350B	18,139B	20,291B
Accumulated Depreciation	-4,538B	-5,124B	-4,930B	-5,810B	-6,649B
Net Property Plant And Equipment	8,809B	10,493B	10,420B	12,329B	13,642B
Long-term Investments	992B	1,080B	1,147B	-	-
Goodwill	85B	82B	82B	-	-
Other Intangibles, Total	69B	69B	73B	-	-
Loans Receivable Long-Term	321B	391B	561B	-	-
Deferred Tax Assets Long-Term	33B	54B	39B	-	-
Deferred Charges Long-Term	-	11B	13B	-	-
Other Long-Term Assets, Total	245B	248B	587B	2,619B	2,757B
Total Assets	12,950B	15,350B	16,457B	18,787B	20,682B
Liabilities
Accounts Payable, Total	544B	422B	567B	-	-
Accrued Expenses, Total	463B	404B	582B	-	-
Short-term Borrowings	293B	168B	57B	-	-
Current Portion of Long-Term Debt	316B	465B	626B	-	-
Current Portion of Leases	18B	18B	22B	-	-
Current Income Taxes Payable	54B	38B	204B	-	-
Unearned Revenue Current, Total	332B	357B	431B	-	-
Other Current Liabilities	735B	1,220B	1,194B	4,832B	5,984B
Total Current Liabilities	2,755B	3,092B	3,683B	4,832B	5,984B
Long-Term Debt	2,905B	3,671B	3,669B	-	-
Long-Term Leases	128B	139B	132B	-	-
Unearned Revenue Non Current	750B	1,401B	953B	-	-
Deferred Tax Liability Non Current	844B	1,072B	1,048B	-	-
Other Non Current Liabilities	416B	488B	483B	5,541B	5,541B
Total Liabilities	7,798B	9,863B	9,968B	10,373B	11,525B
Common Stock, Total	1B	1B	1B	1B	1B
Additional Paid In Capital	635B	1,100B	1,291B	-	-
Retained Earnings	4,035B	4,007B	4,638B	5,885B	6,347B
Treasury Stock	-	-370B	-370B	-	-
Comprehensive Income and Other	-154B	-32B	-28B	2,528B	2,809B
Total Common Equity	4,517B	4,706B	5,532B	8,414B	9,157B
Minority Interest	635B	781B	957B	-	-
Total Equity	5,152B	5,487B	6,489B	8,414B	9,157B
Total Liabilities And Equity	12,950B	15,350B	16,457B	18,787B	20,682B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.6B	9.5B	9.5B	9.5B	-
ECS Total Common Shares Outstanding	10.6B	9.5B	9.5B	9.5B	-
Book Value / Share	426.21	495.37	582.32	885.68	-
Tangible Book Value	4,363B	4,555B	5,377B	8,414B	9,157B
Tangible Book Value Per Share	411.68	479.47	566	885.68	-
Total Debt	3,660B	4,461B	4,506B	0	0
Net Debt	3,014B	2,914B	2,984B	-	-
Debt Equivalent Oper. Leases	88B	80B	79.2B	-	-
Minority Interest, Total (Incl. Fin. Div)	635B	781B	957B	-	-
Equity Method Investments, Total	803B	846B	877B	-	-
Account Code - Inventory Valuation	6	6	6	-	6
Inventories - Raw Materials, Total	117B	130B	140B	-	-
Inventories - Finished Goods, Total	321B	231B	358B	-	-
Full Time Employees	335K	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	95B	84B	82B	-	-

Fiscal Period: December	2019	2020	2021	2023	2024
Net Income	708B	147B	883B	1,529B	1,341B
Depreciation & Amortization - CF	686B	667B	674B	769B	848B
Amortization of Goodwill and Intangible Assets - (CF)	34B	32B	31B	-	-
Impairment of Oil, Gas & Mineral Properties - (CF)	2B	305B	29B	-	-
Depreciation & Amortization, Total	722B	1,004B	734B	769B	848B
Amortization of Deferred Charges, Total - (CF)	-	2B	3B	-	-
(Gain) Loss From Sale Of Asset	16B	15B	19B	-	-
(Gain) Loss on Sale of Investments - (CF)	-18B	2B	8B	-	-
Asset Writedown & Restructuring Costs	103B	83B	81B	-	-
Net (Increase) Decrease in Loans Originated / Sold - Operating	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-100B	-52B	-88B	-	-
Provision and Write-off of Bad Debts	39B	-21B	3B	-	-
Other Operating Activities, Total	-49B	-594B	-201B	467B	276B
Change In Accounts Receivable	-139B	46B	-180B	-	-
Change In Inventories	-43B	48B	-146B	-	-
Change In Accounts Payable	14B	-73B	81B	-	-
Change in Unearned Revenues	-67B	-12B	-182B	-	-
Change in Other Net Operating Assets	-76B	1,150B	151B	-	-
Cash from Operations	1,110B	1,745B	1,166B	2,765B	2,465B
Capital Expenditure	-854B	-785B	-1,049B	-1,297B	-1,442B
Sale of Property, Plant, and Equipment	6B	17B	15B	-	-
Cash Acquisitions	-12B	-633B	-111B	-	-
Divestitures	5B	31B	4B	-	-
Sale (Purchase) of Intangible assets	-11B	-4B	-24B	-	-
Investment in Marketable and Equity Securities, Total	137B	-320B	-133B	-	-
Other Investing Activities, Total	-	-	-	104B	13B
Cash from Investing	-729B	-1,694B	-1,298B	-1,193B	-1,429B
Short Term Debt Issued, Total	401B	623B	93B	-	-
Long-Term Debt Issued, Total	578B	1,272B	849B	873B	1,688B
Total Debt Issued	979B	1,895B	942B	873B	1,688B
Short Term Debt Repaid, Total	-689B	-797B	-159B	-	-
Long-Term Debt Repaid, Total	-597B	-724B	-566B	-2,410B	-2,394B
Total Debt Repaid	-1,286B	-1,521B	-725B	-2,410B	-2,394B
Common Dividends Paid	-283B	-172B	-237B	-	-
Common & Preferred Stock Dividends Paid	-283B	-172B	-237B	-	-
Other Financing Activities, Total	-367B	328B	1B	-	-
Cash from Financing	-957B	530B	-19B	-1,537B	-706B
Foreign Exchange Rate Adjustments	-28B	-3B	4B	-	-
Net Change in Cash	-604B	578B	-147B	35B	330B
Supplemental Items
Cash Interest Paid	288B	270B	262B	-	-
Cash Income Tax Paid (Refund)	216B	126B	238B	-	-
Levered Free Cash Flow	406B	794B	283B	-	1,445B
Unlevered Free Cash Flow	532B	903B	399B	-	1,445B
Change In Net Working Capital	65B	-688B	119B	-	-708B
Net Debt Issued / Repaid	-307B	374B	217B	-1,537B	-706B

Fiscal Period: December	2019	2020	2021	2023	2024
Profitability
Return on Assets	5.67	-0.01	5.37	-	6.74
Return on Total Capital	8.35	-0.02	8.16	-	15.15
Return On Equity %	16.38	3.4	16.92	-	15.26
Return on Common Equity	16.52	3.19	17.27	-	15.26
Margin Analysis
Gross Profit Margin %	66.88	70.01	67.26	92.63	91.17
SG&A Margin	2.4	2.48	1.73	-	-
EBITDA Margin %	22.59	18.88	23.93	32.21	29.36
EBITA Margin %	14.65	0.57	16.19	23.81	21
EBIT Margin %	14.24	-0.06	15.83	23.81	21
Income From Continuing Operations Margin %	9.68	3.53	11.72	16.69	13.23
Net Income Margin %	8.51	2.87	10.23	16.69	13.23
Net Avail. For Common Margin %	8.51	2.87	10.23	16.69	13.23
Normalized Net Income Margin	6.37	-3.87	8.19	13.35	11.67
Levered Free Cash Flow Margin	4.88	15.5	3.28	-	14.25
Unlevered Free Cash Flow Margin	6.4	17.63	4.63	-	14.25
Asset Turnover
Asset Turnover	0.64	0.36	0.54	-	0.51
Fixed Assets Turnover	0.97	0.53	0.83	-	0.78
Receivables Turnover (Average Receivables)	12.75	10.29	16.46	-	-
Inventory Turnover (Average Inventory)	6.63	3.84	6.59	-	-
Short Term Liquidity
Current Ratio	0.87	0.95	0.96	0.79	0.72
Quick Ratio	0.57	0.7	0.7	-	-
Operating Cash Flow to Current Liabilities	0.4	0.56	0.32	0.57	0.41
Days Sales Outstanding (Average Receivables)	28.62	35.59	22.17	-	-
Days Outstanding Inventory (Average Inventory)	55.07	95.19	55.39	-	-
Average Days Payable Outstanding	64.94	121.16	60.87	-	-
Cash Conversion Cycle (Average Days)	18.74	9.61	16.69	-	-
Long Term Solvency
Total Debt/Equity	71.04	81.3	69.44	-	-
Total Debt / Total Capital	41.53	44.84	40.98	-	-
LT Debt/Equity	58.87	69.44	58.58	-	-
Long-Term Debt / Total Capital	34.42	38.3	34.57	-	-
Total Liabilities / Total Assets	60.22	64.25	60.57	55.21	55.72
EBIT / Interest Expense	5.86	-0.02	7.35	-	-
EBITDA / Interest Expense	9.44	5.72	11.3	-	-
(EBITDA - Capex) / Interest Expense	5.21	1.23	5.66	-	-
Total Debt / EBITDA	1.92	4.46	2.14	-	-
Net Debt / EBITDA	1.58	2.91	1.42	-	-
Total Debt / (EBITDA - Capex)	3.48	20.65	4.28	-	-
Net Debt / (EBITDA - Capex)	2.87	13.49	2.84	-	-
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.22	-38.41	68.57	-	10.65
Gross Profit, 1 Yr. Growth %	-3.72	-35.53	61.94	-	8.91
EBITDA, 1 Yr. Growth %	1.29	-48.26	107.22	-	0.88
EBITA, 1 Yr. Growth %	1.5	-97.6	2.27K	-	-2.43
EBIT, 1 Yr. Growth %	1.54	-100.25	4.96K	-	-2.43
Earnings From Cont. Operations, 1 Yr. Growth %	24.04	-77.43	509.64	-	-12.3
Net Income, 1 Yr. Growth %	28.96	-79.15	568.94	-	-12.3
Normalized Net Income, 1 Yr. Growth %	24.68	-134.73	-496.5	-	-3.27
Diluted EPS Before Extra, 1 Yr. Growth %	28.96	-77.62	595.42	-	-
Accounts Receivable, 1 Yr. Growth %	20.64	-29.16	54	-	-
Inventory, 1 Yr. Growth %	11.45	-17.58	38.33	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	4.97	19.21	-0.73	-	10.65
Total Assets, 1 Yr. Growth %	-1.62	18.57	7.19	-	10.09
Tangible Book Value, 1 Yr. Growth %	12.07	4.38	18.44	-	8.83
Common Equity, 1 Yr. Growth %	11.45	4.25	17.93	-	8.83
Cash From Operations, 1 Yr. Growth %	-26.1	57.21	-33.18	-	-10.85
Capital Expenditures, 1 Yr. Growth %	-8.76	-8.08	33.63	-	11.18
Levered Free Cash Flow, 1 Yr. Growth %	-46.22	95.63	-65.91	-	-
Unlevered Free Cash Flow, 1 Yr. Growth %	-40.94	69.76	-57.51	-	-
Dividend Per Share, 1 Yr. Growth %	28.95	-79.23	500.29	-	-14.44
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	21.56	-19.12	1.89	3.02	-
Gross Profit, 2 Yr. CAGR %	19.21	-21.21	2.18	20.9	-
EBITDA, 2 Yr. CAGR %	26.78	-27.8	5.14	19.51	-
EBITA, 2 Yr. CAGR %	44.42	-84.45	7.58	24.93	-
EBIT, 2 Yr. CAGR %	45.41	-94.93	7.45	26.34	-
Earnings From Cont. Operations, 2 Yr. CAGR %	64.63	-47.19	12.33	22.92	-
Net Income, 2 Yr. CAGR %	78.58	-48.25	11.91	31.59	-
Normalized Net Income, 2 Yr. CAGR %	106.4	-31.68	11.28	31.51	-
Diluted EPS Before Extra, 2 Yr. CAGR %	78.58	-46.4	18.2	31.59	-
Accounts Receivable, 2 Yr. CAGR %	-0.97	-16.4	4.45	-	-
Inventory, 2 Yr. CAGR %	16.27	-4.16	6.63	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	5.73	11.82	8.8	8.78	-
Total Assets, 2 Yr. CAGR %	2.91	7.99	12.75	6.84	-
Tangible Book Value, 2 Yr. CAGR %	15.35	8.17	11	25.09	-
Common Equity, 2 Yr. CAGR %	11.72	7.76	10.7	23.33	-
Cash From Operations, 2 Yr. CAGR %	81.49	7.79	2.49	53.99	-
Capital Expenditures, 2 Yr. CAGR %	-3.76	-8.42	10.83	11.19	-
Levered Free Cash Flow, 2 Yr. CAGR %	63.18	2.57	-16.47	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	335.89	0.13	-13.36	-	-
Dividend Per Share, 2 Yr. CAGR %	78.55	-48.25	11.67	19.79	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	20.4	-3.09	3.32	21.39	5.5
Gross Profit, 3 Yr. CAGR %	20.06	-2.88	0.17	33.27	16.76
EBITDA, 3 Yr. CAGR %	19.18	-6.13	3.66	43.58	12.95
EBITA, 3 Yr. CAGR %	24.25	-63.24	5.22	233.17	15.05
EBIT, 3 Yr. CAGR %	23.54	-82.5	5.44	332.34	15.91
Earnings From Cont. Operations, 3 Yr. CAGR %	61.25	-15.22	15.96	109.62	9.84
Net Income, 3 Yr. CAGR %	59.65	-12.84	17.16	126.26	14.94
Normalized Net Income, 3 Yr. CAGR %	48.63	16.84	18.5	89.98	18.71
Diluted EPS Before Extra, 3 Yr. CAGR %	59.65	-10.76	21.51	129.21	-
Accounts Receivable, 3 Yr. CAGR %	20.55	-17.18	2.48	-	-
Inventory, 3 Yr. CAGR %	15.67	3.67	8.21	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	7.41	10.02	7.48	5.51	9.4
Total Assets, 3 Yr. CAGR %	5.22	7.87	7.73	6.96	7.91
Tangible Book Value, 3 Yr. CAGR %	13.46	11.58	11.37	22.83	19.42
Common Equity, 3 Yr. CAGR %	11.01	9.15	10.93	21.5	18.29
Cash From Operations, 3 Yr. CAGR %	17.8	73	-8.09	16.58	28.34
Capital Expenditures, 3 Yr. CAGR %	6.4	-5.22	3.87	18.22	11.19
Levered Free Cash Flow, 3 Yr. CAGR %	4.76	73.35	-27.87	-	72.16
Unlevered Free Cash Flow, 3 Yr. CAGR %	4.7	218.32	-23.75	-	53.51
Dividend Per Share, 3 Yr. CAGR %	77.44	-12.84	17.15	104.99	7.08
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.12	0.33	12.62	3.2	4.04
Gross Profit, 5 Yr. CAGR %	6.39	0.52	12.56	8	10.69
EBITDA, 5 Yr. CAGR %	12.11	-3.39	13.23	9.73	9.76
EBITA, 5 Yr. CAGR %	15.14	-47.05	17.1	12.7	12
EBIT, 5 Yr. CAGR %	14.68	-66.32	16.83	13.35	12.45
Earnings From Cont. Operations, 5 Yr. CAGR %	18.13	-12.65	39.44	18.7	10.83
Net Income, 5 Yr. CAGR %	15.26	-16.17	38.38	22.73	13.72
Normalized Net Income, 5 Yr. CAGR %	13.67	-5.56	34.38	23.54	15.68
Diluted EPS Before Extra, 5 Yr. CAGR %	15.26	-14.98	41.44	25.45	-
Accounts Receivable, 5 Yr. CAGR %	10.44	6.82	9.34	-	-
Inventory, 5 Yr. CAGR %	13.46	10.51	11.97	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	9.45	12.38	7.95	8	9.16
Total Assets, 5 Yr. CAGR %	8.19	9.75	8.16	7.37	9.82
Tangible Book Value, 5 Yr. CAGR %	10.84	11.8	12.48	16.67	15.98
Common Equity, 5 Yr. CAGR %	9.48	10.27	10.87	15.73	15.2
Cash From Operations, 5 Yr. CAGR %	-7.35	-4.48	11.42	12.98	17.3
Capital Expenditures, 5 Yr. CAGR %	9.89	5.7	8.15	6.74	11.05
Levered Free Cash Flow, 5 Yr. CAGR %	13.89	21.76	-4.31	-	28.91
Unlevered Free Cash Flow, 5 Yr. CAGR %	14.86	14.77	-2.93	-	22.11
Dividend Per Share, 5 Yr. CAGR %	32.41	-10	47.44	18.2	8.89