Vallourec SA
OTC:VLOUF
Income Statement
Earnings Waterfall
Vallourec SA
Revenue
|
5.1B
EUR
|
Cost of Revenue
|
-3.5B
EUR
|
Gross Profit
|
1.6B
EUR
|
Operating Expenses
|
-601.2m
EUR
|
Operating Income
|
992.9m
EUR
|
Other Expenses
|
-497m
EUR
|
Net Income
|
495.9m
EUR
|
Income Statement
Vallourec SA
Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
3 064
N/A
|
3 661
+19%
|
4 331
+18%
|
5 075
+17%
|
5 571
+10%
|
5 869
+5%
|
6 176
+5%
|
6 165
0%
|
6 476
+5%
|
5 854
-10%
|
4 464
-24%
|
4 069
-9%
|
4 491
+10%
|
4 930
+10%
|
5 296
+7%
|
5 385
+2%
|
5 326
-1%
|
5 388
+1%
|
5 578
+4%
|
5 683
+2%
|
5 701
+0%
|
5 077
-11%
|
3 803
-25%
|
3 167
-17%
|
2 965
-6%
|
3 247
+10%
|
3 750
+15%
|
3 878
+3%
|
3 921
+1%
|
4 186
+7%
|
4 173
0%
|
3 760
-10%
|
3 242
-14%
|
3 091
-5%
|
3 442
+11%
|
3 958
+15%
|
4 883
+23%
|
6 221
+27%
|
6 856
+10%
|
7 998
+17%
|
5 114
-36%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 177)
|
(1 384)
|
(1 551)
|
(1 706)
|
(1 810)
|
(1 933)
|
(2 168)
|
(2 296)
|
(2 419)
|
(2 862)
|
(3 001)
|
(2 768)
|
(3 039)
|
(3 382)
|
(3 745)
|
(3 951)
|
(3 938)
|
(3 932)
|
(4 036)
|
(4 119)
|
(4 248)
|
(4 022)
|
(3 353)
|
(2 931)
|
(2 727)
|
(2 917)
|
(3 297)
|
(3 406)
|
(3 342)
|
(3 459)
|
(3 435)
|
(3 106)
|
(2 634)
|
(2 369)
|
(2 605)
|
(3 149)
|
(3 807)
|
(4 733)
|
(4 872)
|
(5 690)
|
(3 520)
|
|
Gross Profit |
1 887
N/A
|
2 277
+21%
|
2 780
+22%
|
3 369
+21%
|
3 761
+12%
|
3 935
+5%
|
4 008
+2%
|
3 868
-3%
|
4 058
+5%
|
2 967
-27%
|
1 464
-51%
|
1 301
-11%
|
1 452
+12%
|
1 548
+7%
|
1 551
+0%
|
1 434
-8%
|
1 388
-3%
|
1 457
+5%
|
1 543
+6%
|
1 563
+1%
|
1 452
-7%
|
1 055
-27%
|
451
-57%
|
236
-48%
|
238
+1%
|
330
+38%
|
452
+37%
|
472
+4%
|
578
+22%
|
726
+26%
|
738
+2%
|
654
-11%
|
608
-7%
|
721
+19%
|
837
+16%
|
810
-3%
|
1 076
+33%
|
1 488
+38%
|
1 984
+33%
|
2 308
+16%
|
1 594
-31%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 521)
|
(1 640)
|
(1 819)
|
(2 029)
|
(2 209)
|
(2 330)
|
(2 372)
|
(2 355)
|
(2 489)
|
(1 628)
|
(632)
|
(646)
|
(708)
|
(780)
|
(818)
|
(826)
|
(875)
|
(919)
|
(964)
|
(970)
|
(958)
|
(936)
|
(875)
|
(820)
|
(789)
|
(806)
|
(792)
|
(755)
|
(728)
|
(727)
|
(699)
|
(656)
|
(618)
|
(576)
|
(546)
|
(555)
|
(588)
|
(730)
|
(728)
|
(880)
|
(601)
|
|
Selling, General & Administrative |
(667)
|
(706)
|
(769)
|
(829)
|
(871)
|
(901)
|
(883)
|
(860)
|
(908)
|
(701)
|
(448)
|
(449)
|
(488)
|
(541)
|
(576)
|
(557)
|
(549)
|
(539)
|
(529)
|
(527)
|
(526)
|
(469)
|
(464)
|
(469)
|
(406)
|
(410)
|
(414)
|
(390)
|
(376)
|
(377)
|
(365)
|
(342)
|
(302)
|
(297)
|
(313)
|
(339)
|
(335)
|
(414)
|
(399)
|
(484)
|
(334)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(51)
|
0
|
(41)
|
(87)
|
(90)
|
(96)
|
(96)
|
(82)
|
(69)
|
(60)
|
(58)
|
(47)
|
(42)
|
(45)
|
(48)
|
(45)
|
(41)
|
(41)
|
(38)
|
(38)
|
(41)
|
(39)
|
0
|
(32)
|
0
|
(30)
|
|
Depreciation & Amortization |
(89)
|
(92)
|
(99)
|
(107)
|
(114)
|
(116)
|
(114)
|
(118)
|
(126)
|
(135)
|
(149)
|
(160)
|
(181)
|
(202)
|
(206)
|
(217)
|
(275)
|
(328)
|
(343)
|
(351)
|
(361)
|
(358)
|
(347)
|
(337)
|
(332)
|
(343)
|
(341)
|
(321)
|
(300)
|
(302)
|
(307)
|
(291)
|
(268)
|
(230)
|
(202)
|
(215)
|
(227)
|
(279)
|
(270)
|
(320)
|
(203)
|
|
Other Operating Expenses |
(765)
|
(842)
|
(950)
|
(1 093)
|
(1 224)
|
(1 314)
|
(1 374)
|
(1 376)
|
(1 456)
|
(792)
|
(35)
|
(37)
|
(39)
|
(37)
|
(35)
|
(1)
|
(51)
|
(12)
|
(5)
|
(2)
|
24
|
(14)
|
18
|
54
|
9
|
5
|
11
|
(2)
|
(8)
|
(1)
|
19
|
18
|
(7)
|
(10)
|
7
|
39
|
14
|
(36)
|
(27)
|
(76)
|
(34)
|
|
Operating Income |
366
N/A
|
637
+74%
|
961
+51%
|
1 340
+39%
|
1 551
+16%
|
1 605
+3%
|
1 636
+2%
|
1 513
-8%
|
1 568
+4%
|
1 365
-13%
|
832
-39%
|
655
-21%
|
744
+14%
|
768
+3%
|
734
-4%
|
608
-17%
|
513
-16%
|
538
+5%
|
578
+8%
|
593
+3%
|
494
-17%
|
119
-76%
|
(424)
N/A
|
(584)
-38%
|
(551)
+6%
|
(476)
+14%
|
(339)
+29%
|
(282)
+17%
|
(150)
+47%
|
(1)
+99%
|
39
N/A
|
(2)
N/A
|
(10)
-369%
|
145
N/A
|
291
+100%
|
255
-12%
|
488
+92%
|
758
+55%
|
1 256
+66%
|
1 428
+14%
|
993
-30%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
6
|
(18)
|
(20)
|
(3)
|
2
|
(4)
|
(9)
|
(17)
|
(29)
|
(22)
|
(16)
|
(24)
|
(39)
|
(56)
|
(76)
|
(84)
|
(81)
|
(100)
|
(86)
|
(59)
|
(66)
|
(75)
|
(97)
|
(123)
|
(152)
|
(164)
|
(177)
|
(215)
|
(233)
|
(241)
|
(250)
|
(250)
|
(243)
|
(176)
|
(92)
|
(110)
|
(156)
|
(194)
|
(216)
|
(120)
|
|
Non-Reccuring Items |
(10)
|
7
|
4
|
(1)
|
(6)
|
(28)
|
(14)
|
(4)
|
(46)
|
(72)
|
(45)
|
(35)
|
(62)
|
(61)
|
(40)
|
(47)
|
(36)
|
(31)
|
(45)
|
(25)
|
(1 155)
|
(1 272)
|
(414)
|
(444)
|
(199)
|
(45)
|
(144)
|
(217)
|
(128)
|
(90)
|
(56)
|
(510)
|
(992)
|
(447)
|
42
|
(484)
|
(610)
|
(623)
|
(231)
|
(257)
|
(134)
|
|
Total Other Income |
0
|
(9)
|
(9)
|
(12)
|
(4)
|
(2)
|
(25)
|
(27)
|
(2)
|
34
|
17
|
(5)
|
(4)
|
(3)
|
8
|
4
|
(9)
|
(15)
|
9
|
15
|
(3)
|
(3)
|
(0)
|
(9)
|
(8)
|
(11)
|
(9)
|
(1)
|
(5)
|
(3)
|
(3)
|
13
|
23
|
(4)
|
(19)
|
11
|
(1)
|
0
|
(12)
|
(12)
|
54
|
|
Pre-Tax Income |
354
N/A
|
641
+81%
|
939
+46%
|
1 308
+39%
|
1 538
+18%
|
1 577
+2%
|
1 594
+1%
|
1 473
-8%
|
1 503
+2%
|
1 298
-14%
|
782
-40%
|
599
-23%
|
655
+9%
|
664
+1%
|
645
-3%
|
489
-24%
|
383
-22%
|
411
+7%
|
443
+8%
|
498
+12%
|
(723)
N/A
|
(1 222)
-69%
|
(913)
+25%
|
(1 133)
-24%
|
(880)
+22%
|
(683)
+22%
|
(657)
+4%
|
(677)
-3%
|
(497)
+27%
|
(327)
+34%
|
(261)
+20%
|
(749)
-187%
|
(1 229)
-64%
|
(548)
+55%
|
138
N/A
|
(311)
N/A
|
(233)
+25%
|
(22)
+90%
|
819
N/A
|
943
+15%
|
793
-16%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(89)
|
(188)
|
(305)
|
(446)
|
(545)
|
(570)
|
(575)
|
(510)
|
(481)
|
(407)
|
(248)
|
(193)
|
(199)
|
(188)
|
(192)
|
(148)
|
(115)
|
(133)
|
(148)
|
(158)
|
(158)
|
(99)
|
15
|
76
|
80
|
52
|
101
|
82
|
(5)
|
(27)
|
(75)
|
(83)
|
(96)
|
(166)
|
(101)
|
(52)
|
(113)
|
(166)
|
(238)
|
(282)
|
(269)
|
|
Income from Continuing Operations |
265
|
453
|
634
|
862
|
993
|
1 006
|
1 018
|
963
|
1 022
|
891
|
534
|
406
|
455
|
476
|
453
|
341
|
268
|
278
|
295
|
340
|
(880)
|
(1 321)
|
(898)
|
(1 057)
|
(800)
|
(631)
|
(557)
|
(595)
|
(502)
|
(355)
|
(336)
|
(833)
|
(1 325)
|
(714)
|
37
|
(363)
|
(346)
|
(188)
|
581
|
661
|
524
|
|
Income to Minority Interest |
(120)
|
(204)
|
(159)
|
(79)
|
(82)
|
(62)
|
(38)
|
(30)
|
(58)
|
(62)
|
(19)
|
(16)
|
(43)
|
(52)
|
(55)
|
(57)
|
(54)
|
(47)
|
(37)
|
(34)
|
(46)
|
(24)
|
33
|
54
|
50
|
44
|
23
|
4
|
(2)
|
(9)
|
3
|
99
|
122
|
38
|
8
|
(2)
|
(3)
|
(4)
|
(9)
|
(14)
|
(28)
|
|
Equity Earnings Affiliates |
0
|
(2)
|
(1)
|
(2)
|
6
|
16
|
6
|
6
|
2
|
1
|
2
|
4
|
(2)
|
(7)
|
4
|
8
|
7
|
2
|
4
|
3
|
2
|
2
|
(0)
|
(2)
|
(8)
|
(9)
|
(3)
|
1
|
1
|
0
|
(4)
|
(4)
|
(3)
|
(5)
|
(5)
|
(4)
|
(18)
|
(19)
|
(17)
|
(17)
|
0
|
|
Net Income (Common) |
145
N/A
|
246
+70%
|
473
+92%
|
782
+65%
|
917
+17%
|
960
+5%
|
986
+3%
|
939
-5%
|
967
+3%
|
830
-14%
|
518
-38%
|
393
-24%
|
410
+4%
|
417
+2%
|
402
-4%
|
292
-27%
|
221
-24%
|
233
+5%
|
262
+12%
|
309
+18%
|
(924)
N/A
|
(1 343)
-45%
|
(865)
+36%
|
(1 005)
-16%
|
(758)
+25%
|
(596)
+21%
|
(537)
+10%
|
(590)
-10%
|
(502)
+15%
|
(363)
+28%
|
(338)
+7%
|
(738)
-119%
|
(1 206)
-64%
|
(681)
+44%
|
40
N/A
|
(368)
N/A
|
(366)
+0%
|
(210)
+43%
|
555
N/A
|
631
+14%
|
496
-21%
|
|
EPS (Diluted) |
12.56
N/A
|
19.48
+55%
|
37.45
+92%
|
61.89
+65%
|
71.62
+16%
|
76.46
+7%
|
77.29
+1%
|
73.56
-5%
|
75.53
+3%
|
62.59
-17%
|
39.05
-38%
|
28.5
-27%
|
29.25
+3%
|
29.34
+0%
|
28.05
-4%
|
20.02
-29%
|
15.01
-25%
|
15.44
+3%
|
17.24
+12%
|
20.14
+17%
|
-60.23
N/A
|
-85.64
-42%
|
-55.18
+36%
|
-81.72
-48%
|
-31.68
+61%
|
-18.36
+42%
|
-16.51
+10%
|
-17.78
-8%
|
-15.16
+15%
|
-10.96
+28%
|
-10.19
+7%
|
-22.27
-119%
|
-36.4
-63%
|
-2.97
+92%
|
0.17
N/A
|
-1.64
N/A
|
-1.6
+2%
|
-0.9
+44%
|
2.28
N/A
|
2.73
+20%
|
2.07
-24%
|