Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Neste Oyj.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.64B | $22.93B | $25.71B | $15.15B | $11.74B | $15.84B | $14.92B | $13.22B | $11.69B | $11.13B |
| Cost of Revenue | $19.37B | $19.96B | $22.29B | $12.34B | $9.93B | $12.74B | $13.07B | $11.30B | $9.88B | $9.90B |
| Gross Profit | $1.27B | $2.96B | $3.42B | $2.81B | $1.81B | $3.10B | $1.85B | $1.92B | $1.80B | $1.24B |
| Gross Profit Ratio | 6.14% | 12.92% | 13.31% | 18.57% | 15.41% | 19.57% | 12.38% | 14.52% | 15.43% | 11.10% |
| Research and Development Expenses | $- | $- | $85.00M | $67.00M | $61.00M | $54.00M | $48.00M | $44.00M | $41.00M | $41.00M |
| General and Administrative Expenses | $- | $48.00M | $36.00M | $32.00M | $26.00M | $20.00M | $18.00M | $17.00M | $18.00M | $17.00M |
| Selling and Marketing Expenses | $- | $647.00M | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $- | $695.00M | $36.00M | $32.00M | $26.00M | $20.00M | $18.00M | $17.00M | $18.00M | $17.00M |
| Other Expenses | $1.24B | $586.00M | $27.00M | $27.00M | $9.00M | $8.00M | $9.00M | $14.00M | $27.00M | $22.00M |
| Operating Expenses | $1.24B | $1.28B | $1.05B | $826.00M | $964.00M | $864.00M | $824.00M | $765.00M | $728.00M | $665.00M |
| Cost and Expenses | $20.61B | $21.25B | $23.34B | $13.16B | $10.90B | $13.60B | $13.90B | $12.06B | $10.61B | $10.56B |
| Interest Income | $47.00M | $45.00M | $9.00M | $3.00M | $4.00M | $10.00M | $7.00M | $4.00M | $4.00M | $2.00M |
| Interest Expense | $156.00M | $122.00M | $53.00M | $47.00M | $42.00M | $46.00M | $43.00M | $42.00M | $60.00M | $77.00M |
| Depreciation and Amortization | $- | $866.00M | $638.00M | $584.00M | $513.00M | $502.00M | $614.00M | $371.00M | $366.00M | $358.00M |
| EBITDA | $43.00M | $2.58B | $2.97B | $2.59B | $1.51B | $2.62B | $1.60B | $1.51B | $1.50B | $1.07B |
| EBITDA Ratio | 0.21% | 11.25% | 11.55% | 17.12% | 12.84% | 16.51% | 10.75% | 11.40% | 12.84% | 9.60% |
| Operating Income | $25.00M | $1.68B | $2.41B | $2.02B | $828.00M | $2.23B | $1.02B | $1.17B | $1.16B | $699.00M |
| Operating Income Ratio | 0.12% | 7.34% | 9.37% | 13.35% | 7.05% | 14.07% | 6.87% | 8.86% | 9.88% | 6.28% |
| Total Other Income Expenses Net | $-138.00M | $-86.00M | $-131.00M | $-61.00M | $-42.00M | $-162.00M | $-75.00M | $-77.00M | $-80.00M | $-65.00M |
| Income Before Tax | $-113.00M | $1.60B | $2.28B | $1.96B | $786.00M | $2.07B | $951.00M | $1.09B | $1.07B | $634.00M |
| Income Before Tax Ratio | -0.55% | 6.96% | 8.87% | 12.95% | 6.69% | 13.05% | 6.37% | 8.28% | 9.20% | 5.70% |
| Income Tax Expense | $-19.00M | $160.00M | $388.00M | $188.00M | $72.00M | $278.00M | $172.00M | $180.00M | $133.00M | $74.00M |
| Net Income | $-95.00M | $1.43B | $1.89B | $1.77B | $712.00M | $1.79B | $775.00M | $911.00M | $939.00M | $558.00M |
| Net Income Ratio | -0.46% | 6.25% | 7.34% | 11.69% | 6.06% | 11.29% | 5.19% | 6.89% | 8.03% | 5.01% |
| EPS | $-0.12 | $1.87 | $2.46 | $2.31 | $0.93 | $2.33 | $1.01 | $1.19 | $1.22 | $0.73 |
| EPS Diluted | $-0.12 | $1.86 | $2.46 | $2.30 | $0.93 | $2.33 | $1.01 | $1.18 | $1.22 | $0.73 |
| Weighted Average Shares Outstanding | 768.22M | 768.18M | 768.06M | 767.64M | 767.37M | 767.63M | 767.47M | 767.33M | 767.09M | 766.71M |
| Weighted Average Shares Outstanding Diluted | 768.22M | 768.44M | 768.55M | 768.53M | 768.50M | 767.68M | 769.21M | 769.21M | 769.21M | 769.21M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $955.00M | $1.57B | $1.27B | $1.58B | $1.55B | $1.49B | $1.14B | $783.00M | $788.00M | $596.00M |
| Short Term Investments | $- | $5.00M | $-109.00M | $135.00M | $20.00M | $19.00M | $74.00M | $86.00M | $48.00M | $99.00M |
| Cash and Short Term Investments | $955.00M | $1.58B | $1.27B | $1.72B | $1.57B | $1.51B | $1.21B | $783.00M | $788.00M | $596.00M |
| Net Receivables | $- | $-1.00M | $2.17B | $1.68B | $-1.00M | $1.89B | $1.20B | $1.09B | $1.08B | $830.00M |
| Inventory | $2.90B | $3.37B | $3.65B | $2.62B | $1.83B | $1.68B | $1.48B | $1.56B | $1.42B | $1.09B |
| Other Current Assets | $1.70B | $2.18B | $2.58B | $514.00M | $1.49B | $2.15B | $1.44B | $1.18B | $1.08B | $1.02B |
| Total Current Assets | $5.55B | $7.12B | $7.50B | $6.52B | $4.89B | $5.34B | $4.13B | $3.53B | $3.29B | $2.70B |
| Property Plant Equipment Net | $8.87B | $7.79B | $6.57B | $5.15B | $4.48B | $4.19B | $3.74B | $3.86B | $3.75B | $3.75B |
| Goodwill | $514.00M | $496.00M | $400.00M | $362.00M | $120.00M | $16.00M | $24.00M | $11.00M | $11.00M | $11.00M |
| Intangible Assets | $164.00M | $185.00M | $170.00M | $154.00M | $144.00M | $119.00M | $100.00M | $89.00M | $76.00M | $60.00M |
| Goodwill and Intangible Assets | $678.00M | $681.00M | $570.00M | $516.00M | $264.00M | $135.00M | $124.00M | $100.00M | $87.00M | $71.00M |
| Long Term Investments | $- | $112.00M | $216.00M | $-27.00M | $68.00M | $8.00M | $37.00M | $273.00M | $173.00M | $126.00M |
| Tax Assets | $222.00M | $1.00M | $59.00M | $45.00M | $35.00M | $40.00M | $34.00M | $35.00M | $39.00M | $29.00M |
| Other Non-Current Assets | $254.00M | $277.00M | $-1.00M | $209.00M | $84.00M | $83.00M | $162.00M | $-2.00M | $112.00M | $119.00M |
| Total Non-Current Assets | $10.03B | $8.86B | $7.41B | $5.89B | $4.93B | $4.45B | $4.09B | $4.26B | $4.16B | $4.09B |
| Other Assets | $- | $- | $1.00M | $-1.00M | $- | $- | $-1.00M | $2.00M | $- | $1.00M |
| Total Assets | $15.58B | $15.98B | $14.92B | $12.42B | $9.81B | $9.79B | $8.22B | $7.79B | $7.44B | $6.79B |
| Account Payables | $2.19B | $1.73B | $2.02B | $1.83B | $1.23B | $1.40B | $1.03B | $1.68B | $1.03B | $787.00M |
| Short Term Debt | $786.00M | $581.00M | $651.00M | $379.00M | $256.00M | $242.00M | $291.00M | $164.00M | $354.00M | $438.00M |
| Tax Payables | $11.00M | $15.00M | $43.00M | $12.00M | $7.00M | $16.00M | $59.00M | $36.00M | $40.00M | $21.00M |
| Deferred Revenue | $- | $- | $243.00M | $205.00M | $221.00M | $182.00M | $321.00M | $212.00M | $316.00M | $189.00M |
| Other Current Liabilities | $230.00M | $1.06B | $1.20B | $1.12B | $756.00M | $650.00M | $864.00M | $72.00M | $699.00M | $565.00M |
| Total Current Liabilities | $3.21B | $3.39B | $3.92B | $3.35B | $2.25B | $2.31B | $2.25B | $1.95B | $2.12B | $1.81B |
| Long Term Debt | $4.36B | $3.49B | $1.97B | $1.38B | $1.05B | $1.08B | $849.00M | $1.03B | $1.12B | $1.45B |
| Deferred Revenue Non-Current | $- | $- | $331.00M | $357.00M | $345.00M | $207.00M | $225.00M | $190.00M | $195.00M | $164.00M |
| Deferred Tax Liabilities Non-Current | $335.00M | $- | $336.00M | $309.00M | $222.00M | $255.00M | $260.00M | $269.00M | $246.00M | $265.00M |
| Other Non-Current Liabilities | $255.00M | $645.00M | $42.00M | $44.00M | $244.00M | $274.00M | $13.00M | $13.00M | $7.00M | $- |
| Total Non-Current Liabilities | $4.95B | $4.13B | $2.67B | $2.09B | $1.64B | $1.56B | $1.35B | $1.51B | $1.56B | $1.88B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $8.16B | $7.52B | $6.59B | $5.43B | $3.89B | $3.87B | $3.59B | $3.46B | $3.69B | $3.69B |
| Preferred Stock | $- | $- | $22.00M | $93.00M | $- | $71.00M | $177.00M | $121.00M | $- | $- |
| Common Stock | $40.00M | $40.00M | $40.00M | $40.00M | $40.00M | $40.00M | $40.00M | $40.00M | $40.00M | $40.00M |
| Retained Earnings | $7.54B | $8.55B | $8.31B | $7.04B | $5.89B | $5.96B | $4.77B | $4.43B | $3.87B | $3.19B |
| Accumulated Other Comprehensive Income Loss | $- | $-126.00M | $-22.00M | $-93.00M | $6.00M | $-71.00M | $-177.00M | $-121.00M | $-165.00M | $28.00M |
| Other Total Stockholders Equity | $-159.00M | $1.00M | $-57.00M | $-211.00M | $-1.00M | $-167.00M | $-377.00M | $-155.00M | $-9.00M | $3.04B |
| Total Stockholders Equity | $7.42B | $8.46B | $8.32B | $6.98B | $5.92B | $5.92B | $4.63B | $4.34B | $3.73B | $3.08B |
| Total Equity | $7.42B | $8.46B | $8.33B | $6.99B | $5.93B | $5.92B | $4.63B | $4.34B | $3.75B | $3.10B |
| Total Liabilities and Stockholders Equity | $15.58B | $15.98B | $14.92B | $12.42B | $9.81B | $9.79B | $8.22B | $7.79B | $7.44B | $6.79B |
| Minority Interest | $- | $- | $5.00M | $4.00M | $4.00M | $2.00M | $2.00M | $- | $22.00M | $20.00M |
| Total Liabilities and Total Equity | $15.58B | $15.98B | $14.92B | $12.42B | $9.81B | $9.79B | $8.22B | $7.79B | $7.44B | $6.79B |
| Total Investments | $93.00M | $112.00M | $107.00M | $108.00M | $88.00M | $27.00M | $111.00M | $218.00M | $221.00M | $225.00M |
| Total Debt | $5.15B | $4.07B | $2.62B | $1.76B | $1.31B | $1.32B | $1.14B | $1.20B | $1.47B | $1.89B |
| Net Debt | $4.19B | $2.49B | $1.34B | $175.00M | $-246.00M | $-171.00M | $4.00M | $412.00M | $683.00M | $1.29B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-113.00M | $1.43B | $2.28B | $1.96B | $786.00M | $2.07B | $951.00M | $1.09B | $1.07B | $634.00M |
| Depreciation and Amortization | $- | $866.00M | $638.00M | $584.00M | $680.00M | $502.00M | $614.00M | $371.00M | $366.00M | $358.00M |
| Deferred Income Tax | $- | $-7.00M | $-5.00M | $-4.00M | $-7.00M | $-4.00M | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $5.00M | $4.00M | $7.00M | $4.00M | $5.00M | $7.00M | $6.00M | $5.00M |
| Change in Working Capital | $454.00M | $21.00M | $-1.36B | $-362.00M | $460.00M | $-780.00M | $99.00M | $-104.00M | $-229.00M | $-95.00M |
| Accounts Receivables | $- | $99.00M | $-322.00M | $-401.00M | $735.00M | $-787.00M | $-44.00M | $-111.00M | $-147.00M | $-37.00M |
| Inventory | $- | $261.00M | $-1.04B | $-795.00M | $-176.00M | $-197.00M | $83.00M | $-155.00M | $-321.00M | $-37.00M |
| Accounts Payables | $- | $-339.00M | $2.00M | $834.00M | $-99.00M | $204.00M | $60.00M | $162.00M | $239.00M | $-74.00M |
| Other Working Capital | $454.00M | $- | $- | $- | $- | $- | $16.00M | $51.00M | $92.00M | $-58.00M |
| Other Non Cash Items | $842.00M | $-34.00M | $-363.00M | $-190.00M | $131.00M | $-333.00M | $-212.00M | $-267.00M | $-19.00M | $-154.00M |
| Net Cash Provided by Operating Activities | $1.18B | $2.28B | $1.20B | $1.99B | $2.06B | $1.46B | $1.45B | $1.09B | $1.19B | $743.00M |
| Investments in Property Plant and Equipment | $-1.55B | $-1.40B | $-1.74B | $-977.00M | $-762.00M | $-567.00M | $-381.00M | $-475.00M | $-407.00M | $-504.00M |
| Acquisitions Net | $-11.00M | $-176.00M | $156.00M | $-314.00M | $-212.00M | $144.00M | $-13.00M | $-22.00M | $40.00M | $171.00M |
| Purchases of Investments | $- | $- | $-13.00M | $- | $-35.00M | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $13.00M | $- | $35.00M | $- | $2.00M | $- | $- | $- |
| Other Investing Activities | $67.00M | $51.00M | $-1.00M | $-192.00M | $-65.00M | $121.00M | $-189.00M | $-20.00M | $22.00M | $57.00M |
| Net Cash Used for Investing Activities | $-1.50B | $-1.53B | $-1.59B | $-1.48B | $-1.04B | $-302.00M | $-583.00M | $-467.00M | $-359.00M | $-263.00M |
| Debt Repayment | $887.00M | $1.00B | $752.00M | $384.00M | $-177.00M | $-213.00M | $-82.00M | $-283.00M | $-387.00M | $39.00M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-922.00M | $-1.17B | $-630.00M | $-614.00M | $-783.00M | $-583.00M | $-435.00M | $-332.00M | $-256.00M | $-166.00M |
| Other Financing Activities | $-279.00M | $-275.00M | $-159.00M | $-147.00M | $-1.00M | $-1.00M | $- | $-16.00M | $-1.00M | $-1.00M |
| Net Cash Used Provided by Financing Activities | $-314.00M | $-441.00M | $-37.00M | $-377.00M | $-961.00M | $-797.00M | $-517.00M | $-631.00M | $-644.00M | $-128.00M |
| Effect of Forex Changes on Cash | $7.00M | $-7.00M | $3.00M | $9.00M | $2.00M | $- | $1.00M | $-2.00M | $1.00M | $-1.00M |
| Net Change in Cash | $-620.00M | $304.00M | $-425.00M | $144.00M | $59.00M | $357.00M | $353.00M | $-5.00M | $192.00M | $350.00M |
| Cash at End of Period | $955.00M | $1.57B | $1.27B | $1.70B | $1.55B | $1.49B | $1.14B | $783.00M | $788.00M | $596.00M |
| Cash at Beginning of Period | $1.57B | $1.27B | $1.70B | $1.55B | $1.49B | $1.14B | $783.00M | $788.00M | $596.00M | $246.00M |
| Operating Cash Flow | $1.18B | $2.28B | $1.20B | $1.99B | $2.06B | $1.46B | $1.45B | $1.09B | $1.19B | $743.00M |
| Capital Expenditure | $-1.55B | $-1.43B | $-1.74B | $-977.00M | $-762.00M | $-567.00M | $-381.00M | $-475.00M | $-407.00M | $-504.00M |
| Free Cash Flow | $-369.00M | $849.00M | $-546.00M | $1.02B | $1.29B | $889.00M | $1.07B | $619.00M | $786.00M | $239.00M |