PGS ASA
OSE:PGS
Income Statement
Earnings Waterfall
PGS ASA
Income Statement
PGS ASA
| Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||
| Revenue |
1 399
N/A
|
1 355
-3%
|
1 383
+2%
|
1 454
+5%
|
1 413
-3%
|
1 331
-6%
|
1 163
-13%
|
962
-17%
|
914
-5%
|
841
-8%
|
840
0%
|
764
-9%
|
716
-6%
|
774
+8%
|
757
-2%
|
839
+11%
|
885
+6%
|
885
0%
|
840
-5%
|
874
+4%
|
802
-8%
|
755
-6%
|
868
+15%
|
931
+7%
|
930
0%
|
828
-11%
|
637
-23%
|
473
-26%
|
510
+8%
|
606
+19%
|
662
+9%
|
698
+5%
|
668
-4%
|
756
+13%
|
813
+8%
|
825
+2%
|
832
+1%
|
714
-14%
|
673
-6%
|
721
+7%
|
795
+10%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(531)
|
(526)
|
(589)
|
(654)
|
(632)
|
(604)
|
(513)
|
(413)
|
(413)
|
(398)
|
(402)
|
(393)
|
(399)
|
(413)
|
(398)
|
(411)
|
(384)
|
(322)
|
(280)
|
(256)
|
(232)
|
(248)
|
(264)
|
(263)
|
(274)
|
(234)
|
(192)
|
(150)
|
(114)
|
(143)
|
(191)
|
(227)
|
(264)
|
(276)
|
(299)
|
(325)
|
(340)
|
(333)
|
(292)
|
(286)
|
(298)
|
|
| Gross Profit |
868
N/A
|
828
-5%
|
794
-4%
|
800
+1%
|
781
-2%
|
727
-7%
|
649
-11%
|
549
-15%
|
501
-9%
|
443
-12%
|
437
-1%
|
371
-15%
|
317
-15%
|
361
+14%
|
359
0%
|
428
+19%
|
501
+17%
|
563
+12%
|
560
-1%
|
618
+10%
|
571
-8%
|
507
-11%
|
604
+19%
|
668
+11%
|
656
-2%
|
594
-9%
|
445
-25%
|
323
-27%
|
396
+23%
|
462
+17%
|
471
+2%
|
471
0%
|
405
-14%
|
480
+19%
|
514
+7%
|
500
-3%
|
492
-2%
|
382
-22%
|
381
0%
|
435
+14%
|
497
+14%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(538)
|
(538)
|
(535)
|
(622)
|
(637)
|
(628)
|
(625)
|
(566)
|
(577)
|
(571)
|
(570)
|
(505)
|
(546)
|
(554)
|
(593)
|
(658)
|
(646)
|
(664)
|
(628)
|
(556)
|
(543)
|
(522)
|
(560)
|
(596)
|
(565)
|
(542)
|
(448)
|
(394)
|
(458)
|
(488)
|
(522)
|
(514)
|
(470)
|
(478)
|
(445)
|
(376)
|
(362)
|
(287)
|
(310)
|
(332)
|
(351)
|
|
| Selling, General & Administrative |
(64)
|
(63)
|
(61)
|
(60)
|
(54)
|
(51)
|
(47)
|
(44)
|
(46)
|
(44)
|
(42)
|
(38)
|
(35)
|
(35)
|
(37)
|
(36)
|
(44)
|
(44)
|
(47)
|
(52)
|
(47)
|
(49)
|
(47)
|
(52)
|
(52)
|
(51)
|
(48)
|
(39)
|
(37)
|
(37)
|
(38)
|
(36)
|
(36)
|
(37)
|
(37)
|
(42)
|
(40)
|
(40)
|
(40)
|
(42)
|
(40)
|
|
| Research & Development |
(39)
|
(40)
|
(41)
|
(38)
|
(35)
|
(30)
|
(22)
|
(20)
|
(20)
|
(20)
|
(19)
|
(20)
|
(17)
|
(17)
|
(18)
|
(18)
|
(17)
|
(16)
|
(13)
|
(11)
|
(10)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(10)
|
(9)
|
(7)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
|
| Depreciation & Amortization |
(420)
|
(437)
|
(433)
|
(525)
|
(546)
|
(540)
|
(541)
|
(469)
|
(463)
|
(459)
|
(471)
|
(451)
|
(486)
|
(502)
|
(523)
|
(521)
|
(515)
|
(527)
|
(499)
|
(480)
|
(473)
|
(454)
|
(494)
|
(535)
|
(503)
|
(449)
|
(360)
|
(320)
|
(375)
|
(441)
|
(474)
|
(466)
|
(416)
|
(425)
|
(395)
|
(338)
|
(324)
|
(246)
|
(268)
|
(284)
|
(306)
|
|
| Other Operating Expenses |
(14)
|
1
|
1
|
1
|
(2)
|
(7)
|
(14)
|
(33)
|
(48)
|
(47)
|
(38)
|
4
|
(8)
|
(0)
|
(16)
|
(83)
|
(70)
|
(78)
|
(68)
|
(14)
|
(14)
|
(11)
|
(9)
|
1
|
1
|
(32)
|
(30)
|
(27)
|
(38)
|
(4)
|
(5)
|
(6)
|
(11)
|
(9)
|
(6)
|
11
|
9
|
6
|
5
|
0
|
0
|
|
| Operating Income |
331
N/A
|
290
-12%
|
259
-11%
|
178
-31%
|
144
-19%
|
100
-31%
|
25
-75%
|
(17)
N/A
|
(76)
-349%
|
(127)
-68%
|
(132)
-4%
|
(134)
-1%
|
(229)
-72%
|
(194)
+15%
|
(235)
-21%
|
(230)
+2%
|
(145)
+37%
|
(101)
+30%
|
(68)
+33%
|
62
N/A
|
27
-56%
|
(15)
N/A
|
45
N/A
|
73
+62%
|
92
+26%
|
52
-43%
|
(3)
N/A
|
(72)
-2 548%
|
(62)
+13%
|
(26)
+58%
|
(52)
-99%
|
(44)
+15%
|
(65)
-49%
|
3
N/A
|
68
+2 339%
|
125
+83%
|
130
+4%
|
95
-27%
|
71
-25%
|
103
+45%
|
146
+41%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(68)
|
(65)
|
(75)
|
(72)
|
(70)
|
(69)
|
(62)
|
(61)
|
(72)
|
(74)
|
(68)
|
(78)
|
(63)
|
(71)
|
(81)
|
(84)
|
(90)
|
(86)
|
(82)
|
(82)
|
(82)
|
(96)
|
(90)
|
(84)
|
(91)
|
(89)
|
(101)
|
(103)
|
(110)
|
(100)
|
(106)
|
(98)
|
(84)
|
(101)
|
(99)
|
(114)
|
(117)
|
(106)
|
(95)
|
(89)
|
(84)
|
|
| Non-Reccuring Items |
0
|
(24)
|
(49)
|
(74)
|
(74)
|
(122)
|
(162)
|
(414)
|
(397)
|
(344)
|
(288)
|
(47)
|
(13)
|
(22)
|
(82)
|
(154)
|
(153)
|
(148)
|
(79)
|
(23)
|
(23)
|
(19)
|
(18)
|
(18)
|
(79)
|
(114)
|
(114)
|
(117)
|
(48)
|
(9)
|
(9)
|
(21)
|
(21)
|
(21)
|
(21)
|
(17)
|
(28)
|
(35)
|
(35)
|
(17)
|
(6)
|
|
| Total Other Income |
(9)
|
(11)
|
(16)
|
(15)
|
(6)
|
(7)
|
(7)
|
(14)
|
(13)
|
(12)
|
(12)
|
(5)
|
2
|
2
|
2
|
(0)
|
(7)
|
(7)
|
(7)
|
(6)
|
(5)
|
(7)
|
(8)
|
(8)
|
(10)
|
(8)
|
(7)
|
(16)
|
(7)
|
(6)
|
(4)
|
(1)
|
(3)
|
(2)
|
(3)
|
(1)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
|
| Pre-Tax Income |
253
N/A
|
190
-25%
|
119
-37%
|
17
-86%
|
(6)
N/A
|
(98)
-1 540%
|
(206)
-110%
|
(506)
-145%
|
(558)
-10%
|
(558)
+0%
|
(501)
+10%
|
(263)
+48%
|
(304)
-16%
|
(284)
+7%
|
(396)
-39%
|
(468)
-18%
|
(395)
+16%
|
(342)
+13%
|
(235)
+31%
|
(48)
+80%
|
(83)
-73%
|
(137)
-65%
|
(71)
+48%
|
(38)
+47%
|
(88)
-135%
|
(159)
-80%
|
(225)
-41%
|
(306)
-36%
|
(227)
+26%
|
(141)
+38%
|
(172)
-22%
|
(164)
+4%
|
(172)
-5%
|
(121)
+30%
|
(54)
+55%
|
(7)
+88%
|
(16)
-142%
|
(48)
-199%
|
(62)
-27%
|
(6)
+91%
|
54
N/A
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(72)
|
(51)
|
(47)
|
(68)
|
(69)
|
(70)
|
(81)
|
(22)
|
(8)
|
4
|
29
|
(31)
|
(40)
|
(40)
|
(89)
|
(55)
|
(62)
|
(72)
|
(25)
|
(40)
|
(31)
|
(36)
|
(35)
|
(34)
|
(36)
|
(27)
|
(26)
|
(15)
|
(16)
|
(17)
|
(15)
|
(16)
|
(17)
|
(24)
|
(28)
|
(26)
|
(26)
|
(22)
|
(18)
|
(9)
|
(11)
|
|
| Income from Continuing Operations |
180
|
139
|
73
|
(51)
|
(75)
|
(168)
|
(287)
|
(528)
|
(566)
|
(554)
|
(473)
|
(294)
|
(344)
|
(324)
|
(485)
|
(523)
|
(457)
|
(414)
|
(260)
|
(88)
|
(113)
|
(173)
|
(106)
|
(72)
|
(124)
|
(187)
|
(251)
|
(322)
|
(243)
|
(158)
|
(186)
|
(179)
|
(189)
|
(145)
|
(81)
|
(33)
|
(43)
|
(71)
|
(80)
|
(15)
|
42
|
|
| Net Income (Common) |
180
N/A
|
139
-23%
|
73
-47%
|
(51)
N/A
|
(75)
-47%
|
(169)
-125%
|
(287)
-70%
|
(528)
-84%
|
(566)
-7%
|
(554)
+2%
|
(473)
+15%
|
(294)
+38%
|
(344)
-17%
|
(324)
+6%
|
(485)
-50%
|
(523)
-8%
|
(457)
+13%
|
(414)
+9%
|
(259)
+37%
|
(88)
+66%
|
(114)
-29%
|
(173)
-52%
|
(106)
+39%
|
(72)
+32%
|
(124)
-73%
|
(187)
-50%
|
(251)
-34%
|
(322)
-28%
|
(243)
+24%
|
(158)
+35%
|
(186)
-18%
|
(179)
+4%
|
(189)
-6%
|
(145)
+24%
|
(81)
+44%
|
(33)
+60%
|
(43)
-30%
|
(71)
-66%
|
(80)
-13%
|
(15)
+82%
|
42
N/A
|
|
| EPS (Diluted) |
0.83
N/A
|
0.64
-23%
|
0.34
-47%
|
-0.24
N/A
|
-0.34
-42%
|
-0.78
-129%
|
-1.33
-71%
|
-2.43
-83%
|
-2.36
+3%
|
-2.3
+3%
|
-1.96
+15%
|
-1.2
+39%
|
-1.02
+15%
|
-0.95
+7%
|
-1.42
-49%
|
-1.54
-8%
|
-1.34
+13%
|
-1.18
+12%
|
-0.76
+36%
|
-0.26
+66%
|
-0.33
-27%
|
-0.5
-52%
|
-0.31
+38%
|
-0.21
+32%
|
-0.34
-62%
|
-0.49
-44%
|
-0.66
-35%
|
-0.84
-27%
|
-0.62
+26%
|
-0.4
+35%
|
-0.47
-17%
|
-0.47
N/A
|
-0.49
-4%
|
-0.28
+43%
|
-0.12
+57%
|
-0.06
+50%
|
-0.03
+50%
|
-0.08
-167%
|
-0.09
-12%
|
-0.02
+78%
|
0.04
N/A
|
|