Balance Sheet Sanofi

Equities

SAN

FR0000120578

Pharmaceuticals

Real-time Euronext Paris Other stock markets 12:39:25 09/09/2024 BST			5-day change	1st Jan Change
105.14 ^EUR	+0.57%		+0.27%	+17.13%

10:08am	SANOFI : Oddo BHF raises its target price on the stock	CF
09:02am	SANOFI : Gradually proving it is right

9722f0c.JiWV0pb-CsNLLj8C3fQxZL-HL6gaetNe_pItZcCD8lc.Q0z04tC9cLUyawdojZdBC_n-YcYrSaYXkcBFEoOukT5RTP2g0akz8TIbXA

Published financial data: SANOFI

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	36.13B	36.04B	37.76B	43B	43.07B
Other Revenues, Total	1.5B	1.33B	1.41B	2.39B	2.96B
Total Revenues	37.63B	37.37B	39.18B	45.39B	46.03B
Cost of Goods Sold, Total	11.97B	12.1B	12.25B	13.69B	14.22B
Gross Profit	25.66B	25.26B	26.92B	31.7B	31.82B
Selling General & Admin Expenses, Total	9.97B	9.45B	9.6B	10.54B	10.76B
R&D Expenses	6.02B	5.53B	5.69B	6.71B	6.73B
Amortization of Goodwill and Intangible Assets - (IS)	2.15B	1.68B	1.58B	1.83B	2.17B
Other Operating Expenses	678M	997M	1.48B	1.59B	2.95B
Other Operating Expenses, Total	18.81B	17.66B	18.35B	20.66B	22.62B
Operating Income	6.85B	7.61B	8.58B	11.04B	9.2B
Interest Expense, Total	-544M	-459M	-362M	-394M	-527M
Interest And Investment Income	91M	37M	3M	173M	546M
Net Interest Expenses	-453M	-422M	-359M	-221M	19M
Income (Loss) On Equity Invest.	255M	359M	39M	68M	-115M
Currency Exchange Gains (Loss)	1M	-6M	2M	-4M	-2M
Other Non Operating Income (Expenses)	236M	144M	70M	37M	-665M
EBT, Excl. Unusual Items	6.88B	7.68B	8.33B	10.92B	8.44B
Restructuring Charges	-1.06B	-1.06B	-820M	-1.34B	-1.49B
Merger & Related Restructuring Charges	-3M	-82M	-17M	-3M	-20M
Gain (Loss) On Sale Of Investments	-	7.39B	3M	1M	-1M
Gain (Loss) On Sale Of Assets	296M	443M	418M	655M	688M
Asset Writedown	-3.6B	-330M	-192M	228M	-896M
Legal Settlements	327M	-	-	-	-
Other Unusual Items	238M	124M	115M	27M	318M
EBT, Incl. Unusual Items	3.08B	14.16B	7.84B	10.49B	7.04B
Income Tax Expense	139M	1.81B	1.56B	2.01B	1.6B
Earnings From Continuing Operations	2.94B	12.35B	6.28B	8.48B	5.44B
Earnings Of Discontinued Operations	-101M	-	-	-	-
Net Income to Company	2.84B	12.35B	6.28B	8.48B	5.44B
Minority Interest	-31M	-36M	-56M	-113M	-36M
Net Income - (IS)	2.81B	12.31B	6.22B	8.37B	5.4B
Net Income to Common Incl Extra Items	2.81B	12.31B	6.22B	8.37B	5.4B
Net Income to Common Excl. Extra Items	2.91B	12.31B	6.22B	8.37B	5.4B
Per Share Items
Net EPS - Basic	2.24	9.82	4.97	6.69	4.31
Basic EPS - Continuing Operations	2.33	9.82	4.97	6.69	4.31
Basic Weighted Average Shares Outstanding	1.25B	1.25B	1.25B	1.25B	1.25B
Net EPS - Diluted	2.23	9.77	4.95	6.66	4.3
Diluted EPS - Continuing Operations	2.31	9.77	4.95	6.66	4.3
Diluted Weighted Average Shares Outstanding	1.26B	1.26B	1.26B	1.26B	1.26B
Normalized Basic EPS	3.42	3.8	4.11	5.36	4.19
Normalized Diluted EPS	3.4	3.78	4.09	5.34	4.17
Dividend Per Share	3.15	3.2	3.33	3.56	3.76
Payout Ratio	136.64	31.97	64.41	49.79	82.48
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	10.16B	10.5B	11.26B	14.06B	12.52B
EBITA	9.01B	9.32B	10.2B	12.91B	11.43B
EBIT	6.85B	7.61B	8.58B	11.04B	9.2B
EBITDAR	10.21B	10.52B	11.29B	14.09B	12.54B
Effective Tax Rate - (Ratio)	4.52	12.8	19.88	19.12	22.76
Total Current Taxes	1.89B	1.91B	1.91B	2.77B	2.56B
Total Deferred Taxes	-1.75B	-99M	-350M	-768M	-958M
Normalized Net Income	4.27B	4.77B	5.15B	6.71B	5.24B
Interest Capitalized	14M	11M	14M	17M	26M
Interest on Long-Term Debt	53M	49M	49M	57M	65M
Non-Cash Pension Expense	-111M	-142M	49M	-25M	50M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	6.87B	5.86B	5.69B	6.71B	6.73B
Net Rental Expense, Total	50M	27M	25M	26M	19M
Imputed Operating Lease Interest Expense	8.83M	4.09M	3.26M	3.92M	4.24M
Imputed Operating Lease Depreciation	41.17M	22.91M	21.74M	22.08M	14.76M
Stock-Based Comp., Other (Total)	252M	274M	244M	245M	283M
Total Stock-Based Compensation	252M	274M	244M	245M	283M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	9.43B	13.92B	10.1B	12.74B	8.71B
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	4M	-	11M	-	-
Total Cash And Short Term Investments	9.43B	13.92B	10.11B	12.74B	8.71B
Accounts Receivable, Total	7.94B	7.49B	7.57B	8.42B	8.43B
Other Receivables	735M	2.46B	2.22B	2.32B	2.61B
Total Receivables	8.67B	9.95B	9.79B	10.75B	11.04B
Inventory	7.99B	8.35B	8.72B	8.96B	9.67B
Prepaid Expenses	493M	525M	615M	714M	768M
Other Current Assets, Total	2.35B	1.04B	1.43B	955M	486M
Total Current Assets	28.94B	33.79B	30.65B	34.11B	30.67B
Gross Property Plant And Equipment	25.15B	24.88B	27.56B	26.8B	27.44B
Accumulated Depreciation	-14.13B	-14.32B	-15.58B	-15.11B	-15.63B
Net Property Plant And Equipment	11.02B	10.56B	11.98B	11.68B	11.81B
Long-term Investments	5.3B	2.13B	2.42B	2.76B	2.67B
Goodwill	44.52B	44.36B	48.06B	49.89B	49.4B
Other Intangibles, Total	14.24B	12.33B	13.68B	15.41B	18.28B
Loans Receivable Long-Term	685M	537M	485M	452M	591M
Deferred Tax Assets Long-Term	5.43B	4.21B	4.6B	5.38B	6.43B
Deferred Charges Long-Term	2.33B	6.09B	7.73B	6.23B	6.04B
Other Long-Term Assets, Total	276M	517M	642M	797M	573M
Total Assets	113B	115B	120B	127B	126B
Liabilities
Accounts Payable, Total	5.31B	5.3B	6.18B	6.81B	7.33B
Accrued Expenses, Total	1.98B	2.39B	2.55B	2.58B	2.5B
Short-term Borrowings	307M	285M	189M	164M	203M
Current Portion of Long-Term Debt	4.25B	2.48B	3B	4.01B	1.84B
Current Portion of Leases	261M	232M	269M	277M	275M
Current Income Taxes Payable	613M	604M	309M	574M	597M
Unearned Revenue Current, Total	-	252M	319M	264M	-
Other Current Liabilities	7.67B	7.74B	8.48B	9.29B	11.46B
Total Current Liabilities	20.39B	19.28B	21.3B	23.97B	24.21B
Long-Term Debt	20.13B	19.74B	17.12B	14.86B	14.35B
Long-Term Leases	987M	931M	1.84B	1.9B	1.76B
Pension & Other Post Retirement Benefits	3.83B	3.5B	2.95B	2.04B	2.21B
Deferred Tax Liability Non Current	2.29B	1.77B	1.62B	1.84B	1.86B
Other Non Current Liabilities	6B	6.16B	6.39B	6.96B	7.73B
Total Liabilities	53.63B	51.38B	51.21B	51.57B	52.11B
Common Stock, Total	2.51B	2.52B	2.53B	2.52B	2.53B
Additional Paid In Capital	147M	362M	532M	125M	313M
Treasury Stock	-9M	-705M	-939M	-706M	-1.18B
Comprehensive Income and Other	56.29B	60.83B	66.56B	72.84B	72.38B
Total Common Equity	58.93B	63B	68.68B	74.78B	74.04B
Minority Interest	174M	146M	350M	368M	313M
Total Equity	59.11B	63.15B	69.03B	75.15B	74.35B
Total Liabilities And Equity	113B	115B	120B	127B	126B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.25B	1.25B	1.25B	1.25B	1.25B
ECS Total Common Shares Outstanding	1.25B	1.25B	1.25B	1.25B	1.25B
Book Value / Share	47	50.37	54.83	59.7	59.17
Tangible Book Value	177M	6.31B	6.95B	9.48B	6.36B
Tangible Book Value Per Share	0.14	5.04	5.55	7.57	5.08
Total Debt	25.94B	23.68B	22.42B	21.21B	18.42B
Net Debt	16.5B	9.76B	12.31B	8.48B	9.71B
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.67B	3.32B	2.52B	1.75B	1.94B
Debt Equivalent Oper. Leases	400M	216M	200M	208M	152M
Minority Interest, Total (Incl. Fin. Div)	174M	146M	350M	368M	313M
Equity Method Investments, Total	3.59B	201M	250M	677M	424M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	1.16B	1.05B	1.34B	1.61B	1.68B
Inventories - Work In Process, Total	5.1B	5.4B	5.58B	5.66B	5.87B
Inventories - Finished Goods, Total	2.63B	2.74B	2.7B	2.75B	3.04B
Land - (BS)	255M	236M	240M	237M	228M
Buildings, Total	7.28B	6.83B	7.17B	7.33B	7.68B
Machinery, Total	13.64B	13.65B	14.3B	13.36B	13.41B
Full Time Employees	100K	99.41K	95.44K	91.57K	86.09K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	153M	142M	137M	113M	95M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.81B	12.31B	6.22B	8.37B	5.4B
Depreciation & Amortization - CF	1.43B	1.48B	1.38B	1.49B	1.38B
Amortization of Goodwill and Intangible Assets - (CF)	2.17B	1.71B	1.62B	1.87B	2.22B
Depreciation & Amortization, Total	3.59B	3.19B	3B	3.36B	3.61B
Amortization of Deferred Charges, Total - (CF)	134M	125M	119M	97M	120M
Minority Interest in Earnings - (CF)	31M	36M	56M	113M	36M
(Gain) Loss From Sale Of Asset	-595M	-1.01B	-357M	-573M	-226M
(Gain) Loss on Sale of Investments - (CF)	-	-6.88B	-	-	-
Asset Writedown & Restructuring Costs	3.72B	373M	231M	-42M	1.06B
(Income) Loss On Equity Investments - (CF)	-192M	-339M	-15M	-48M	295M
Stock-Based Compensation (CF)	252M	274M	244M	245M	283M
Net Cash From Discontinued Operations	101M	-	-	-	-
Other Operating Activities, Total	-1.69B	-303M	-389M	-295M	-1.09B
Change In Accounts Receivable	-462M	-134M	185M	-777M	-397M
Change In Inventories	-547M	-593M	-357M	-927M	-840M
Change In Accounts Payable	169M	86M	451M	452M	402M
Change in Other Net Operating Assets	421M	316M	1.13B	545M	1.6B
Cash from Operations	7.74B	7.45B	10.52B	10.53B	10.26B
Capital Expenditure	-1.32B	-1.25B	-1.48B	-1.61B	-1.72B
Sale of Property, Plant, and Equipment	1.22B	918M	718M	1.49B	1.02B
Cash Acquisitions	-488M	-5.34B	-5.59B	-992M	-3.87B
Sale (Purchase) of Intangible assets	-493M	-860M	-564M	-595M	-1.3B
Investment in Marketable and Equity Securities, Total	-38M	10.23B	-311M	-354M	-92M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-94M	-113M	-68M	-16M	-229M
Cash from Investing	-1.21B	3.59B	-7.3B	-2.08B	-6.2B
Short Term Debt Issued, Total	-	282M	-	215M	765M
Long-Term Debt Issued, Total	2B	2.02B	-	1.55B	48M
Total Debt Issued	2B	2.3B	-	1.76B	813M
Short Term Debt Repaid, Total	-154M	-	-414M	-	-
Long-Term Debt Repaid, Total	-2.33B	-4.19B	-2.39B	-3.01B	-3.95B
Total Debt Repaid	-2.49B	-4.19B	-2.8B	-3.01B	-3.95B
Issuance of Common Stock	162M	203M	186M	188M	195M
Repurchase of Common Stock	-9M	-822M	-382M	-497M	-593M
Common Dividends Paid	-3.83B	-3.94B	-4.01B	-4.17B	-4.45B
Common & Preferred Stock Dividends Paid	-3.83B	-3.94B	-4.01B	-4.17B	-4.45B
Other Financing Activities, Total	133M	-44M	-48M	-99M	-64M
Cash from Financing	-4.04B	-6.48B	-7.06B	-5.82B	-8.05B
Foreign Exchange Rate Adjustments	9M	-64M	15M	8M	-32M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	2.5B	4.49B	-3.82B	2.64B	-4.03B
Supplemental Items
Cash Interest Paid	379M	315M	334M	380M	559M
Cash Income Tax Paid (Refund)	1.7B	2.05B	1.28B	2.45B	2.62B
Levered Free Cash Flow	5.12B	6.28B	7.34B	9.01B	8.19B
Unlevered Free Cash Flow	5.46B	6.57B	7.57B	9.25B	8.52B
Change In Net Working Capital	986M	-345M	-888M	-850M	-1.78B
Net Debt Issued / Repaid	-491M	-1.88B	-2.8B	-1.24B	-3.14B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.82	4.18	4.57	5.59	4.54
Return on Total Capital	5.07	5.53	6.01	7.35	6.08
Return On Equity %	4.97	20.2	9.49	11.77	7.27
Return on Common Equity