Petróleo Brasileiro S.A. - Petrobras (PETR4.SA) Financial Statements
Price: $36.86
Market Cap: $496.48B
Avg Volume: 32.03M
Market Cap: $496.48B
Avg Volume: 32.03M
Country: BR
Industry: Oil & Gas Integrated
Sector: Energy
Industry: Oil & Gas Integrated
Sector: Energy
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 Petróleo Brasileiro S.A. - Petrobras.
Income Statement
| Breakdown | 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 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $102.41B | $124.47B | $83.97B | $53.68B | $76.59B | $84.64B | $77.88B | $81.41B | $97.31B | $143.66B |
| Cost of Revenue | $48.44B | $59.49B | $43.16B | $29.20B | $45.73B | $52.18B | $51.20B | $55.42B | $67.48B | $109.48B |
| Gross Profit | $53.97B | $64.99B | $40.80B | $24.49B | $30.86B | $32.45B | $26.69B | $25.99B | $29.83B | $34.18B |
| Gross Profit Ratio | 52.70% | 52.21% | 48.60% | 45.62% | 40.29% | 38.34% | 34.26% | 31.92% | 30.65% | 23.79% |
| Research and Development Expenses | $726.00M | $792.00M | $563.00M | $355.00M | $576.00M | $641.00M | $572.00M | $523.00M | $630.00M | $1.10B |
| General and Administrative Expenses | $1.64B | $7.00B | $6.78B | $4.52B | $3.38B | $8.18B | $5.38B | $4.83B | $4.71B | $6.96B |
| Selling and Marketing Expenses | $5.19B | $21.08B | $4.23B | $21.64B | $4.48B | $4.63B | $3.61B | $3.96B | $4.63B | $6.83B |
| Selling General and Administrative Expenses | $8.28B | $7.00B | $6.78B | $4.52B | $7.86B | $8.18B | $8.99B | $8.79B | $9.34B | $13.79B |
| Other Expenses | $5.70B | $3.93B | $2.46B | $-433.00M | $1.51B | $863.00M | $7.42B | $983.00M | $5.16B | $4.99B |
| Operating Expenses | $14.70B | $11.73B | $9.80B | $4.44B | $9.94B | $9.68B | $16.98B | $10.30B | $15.12B | $19.88B |
| Cost and Expenses | $63.13B | $71.21B | $52.97B | $33.63B | $55.67B | $61.87B | $68.17B | $65.71B | $82.61B | $129.36B |
| Interest Income | $210.00M | $673.00M | $2.82B | $349.00M | $5.00M | $87.00M | $- | $547.00M | $718.00M | $968.00M |
| Interest Expense | $3.62B | $3.31B | $4.98B | $5.77B | $6.68B | $5.42B | $4.45B | $5.99B | $5.08B | $3.13B |
| Depreciation and Amortization | $13.28B | $13.22B | $11.70B | $11.45B | $14.84B | $11.91B | $13.17B | $13.96B | $11.59B | $13.02B |
| EBITDA | $52.30B | $70.05B | $44.90B | $16.99B | $33.52B | $28.16B | $20.50B | $16.29B | $6.93B | $7.33B |
| EBITDA Ratio | 51.07% | 59.39% | 56.68% | 57.25% | 47.24% | 39.78% | 30.24% | 36.26% | 27.12% | 19.77% |
| Operating Income | $39.27B | $53.26B | $31.00B | $20.05B | $20.92B | $22.77B | $9.71B | $15.69B | $14.70B | $14.30B |
| Operating Income Ratio | 38.35% | 42.79% | 36.92% | 37.35% | 27.31% | 26.91% | 12.47% | 19.28% | 15.11% | 9.95% |
| Total Other Income Expenses Net | $-3.88B | $263.00M | $-2.78B | $-20.28B | $-8.91B | $-11.95B | $-8.20B | $-19.36B | $-24.45B | $-23.12B |
| Income Before Tax | $35.40B | $53.52B | $28.23B | $-226.00M | $12.00B | $10.83B | $1.51B | $-3.67B | $-9.75B | $-8.82B |
| Income Before Tax Ratio | 34.56% | 43.00% | 33.61% | -0.42% | 15.67% | 12.79% | 1.93% | -4.50% | -10.02% | -6.14% |
| Income Tax Expense | $10.40B | $16.77B | $8.24B | $-1.17B | $4.20B | $4.26B | $1.70B | $684.00M | $-1.14B | $-1.32B |
| Net Income | $24.88B | $36.62B | $19.88B | $1.14B | $10.15B | $7.17B | $-91.00M | $-4.84B | $-8.45B | $-7.37B |
| Net Income Ratio | 24.30% | 29.42% | 23.67% | 2.13% | 13.25% | 8.47% | -0.12% | -5.94% | -8.68% | -5.13% |
| EPS | $1.91 | $2.81 | $1.53 | $0.09 | $0.60 | $0.55 | $-0.01 | $-0.37 | $-0.65 | $-0.57 |
| EPS Diluted | $1.91 | $2.81 | $1.53 | $0.09 | $0.60 | $0.55 | $-0.01 | $-0.37 | $-0.65 | $-0.57 |
| Weighted Average Shares Outstanding | 13.02B | 13.04B | 13.04B | 13.04B | 13.04B | 13.04B | 13.04B | 13.04B | 13.04B | 13.04B |
| Weighted Average Shares Outstanding Diluted | 13.02B | 13.04B | 13.04B | 13.04B | 13.04B | 13.04B | 13.04B | 13.04B | 13.04B | 13.04B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | 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 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $12.73B | $8.00B | $10.47B | $11.71B | $7.37B | $13.90B | $22.52B | $21.20B | $25.06B | $16.66B |
| Short Term Investments | $2.82B | $2.77B | $650.00M | $659.00M | $888.00M | $1.08B | $1.89B | $784.00M | $780.00M | $9.32B |
| Cash and Short Term Investments | $15.55B | $10.77B | $11.12B | $12.37B | $8.26B | $14.98B | $24.40B | $21.99B | $25.84B | $25.98B |
| Net Receivables | $7.31B | $6.32B | $7.71B | $7.33B | $7.31B | $7.78B | $7.41B | $7.27B | $8.30B | $11.78B |
| Inventory | $7.68B | $8.78B | $7.25B | $5.68B | $8.19B | $8.99B | $8.49B | $8.47B | $7.44B | $11.47B |
| Other Current Assets | $1.91B | $5.38B | $4.06B | $2.02B | $4.06B | $5.31B | $6.83B | $7.03B | $1.60B | $1.61B |
| Total Current Assets | $32.45B | $31.25B | $30.15B | $27.39B | $27.81B | $37.06B | $47.13B | $44.77B | $43.18B | $50.83B |
| Property Plant Equipment Net | $153.42B | $130.17B | $125.33B | $124.20B | $159.26B | $157.38B | $176.65B | $175.47B | $161.30B | $218.73B |
| Goodwill | $25.00M | $24.00M | $22.00M | $24.00M | $63.00M | $203.00M | $218.00M | $220.00M | $284.00M | $366.00M |
| Intangible Assets | $3.02B | $2.96B | $3.00B | $14.92B | $19.41B | $2.60B | $2.12B | $3.05B | $2.81B | $4.14B |
| Goodwill and Intangible Assets | $3.04B | $2.99B | $3.02B | $14.95B | $19.47B | $2.81B | $2.34B | $3.27B | $3.09B | $4.51B |
| Long Term Investments | $3.77B | $3.13B | $1.55B | $3.32B | $5.56B | $2.81B | $3.86B | $3.14B | $3.62B | $5.86B |
| Tax Assets | $965.00M | $832.00M | $604.00M | $6.45B | $1.39B | $2.68B | $3.44B | $4.31B | $6.02B | $1.01B |
| Other Non-Current Assets | $23.42B | $18.82B | $13.69B | $13.71B | $16.25B | $19.33B | $17.95B | $16.02B | $13.32B | $17.75B |
| Total Non-Current Assets | $184.62B | $155.94B | $144.20B | $162.62B | $201.93B | $185.01B | $204.24B | $202.21B | $187.34B | $247.85B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $217.07B | $187.19B | $174.35B | $190.01B | $229.74B | $222.07B | $251.37B | $246.98B | $230.52B | $298.69B |
| Account Payables | $4.81B | $5.46B | $5.48B | $6.86B | $5.60B | $6.33B | $5.77B | $5.76B | $6.37B | $9.76B |
| Short Term Debt | $11.52B | $9.13B | $9.07B | $9.88B | $10.21B | $3.69B | $7.03B | $9.77B | $14.70B | $11.88B |
| Tax Payables | $1.30B | $5.93B | $4.73B | $2.83B | $3.70B | $3.77B | $4.85B | $3.75B | $3.47B | $4.31B |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $16.23B | $10.85B | $4.89B | $6.65B | $9.31B | $11.27B | $7.31B | $5.61B | $4.03B | $5.16B |
| Total Current Liabilities | $33.86B | $31.38B | $24.18B | $26.23B | $28.82B | $25.05B | $24.95B | $24.90B | $28.57B | $31.12B |
| Long Term Debt | $51.08B | $44.67B | $49.67B | $65.65B | $76.92B | $80.67B | $102.25B | $108.60B | $111.56B | $120.27B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $10.91B | $6.75B | $1.23B | $195.00M | $1.76B | $654.00M | $1.20B | $263.00M | $232.00M | $3.03B |
| Other Non-Current Liabilities | $42.24B | $34.56B | $29.46B | $38.06B | $48.03B | $42.52B | $41.47B | $35.67B | $24.10B | $27.29B |
| Total Non-Current Liabilities | $104.23B | $85.97B | $80.36B | $103.91B | $126.71B | $123.84B | $144.92B | $144.53B | $135.89B | $150.59B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $138.09B | $117.36B | $104.54B | $130.13B | $155.53B | $148.89B | $169.86B | $169.43B | $164.47B | $181.71B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $107.10B | $107.10B | $107.10B | $107.10B | $107.10B | $107.10B | $107.10B | $107.10B | $107.10B | $107.10B |
| Retained Earnings | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accumulated Other Comprehensive Income Loss | $-28.52B | $-37.61B | $-37.69B | $-47.75B | $-33.78B | $-35.56B | $-27.30B | $-30.95B | $-42.19B | $9.02B |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- | $- | $- | $628.00M | $321.00M | $148.00M |
| Total Stockholders Equity | $78.58B | $69.49B | $69.41B | $59.35B | $73.32B | $71.54B | $79.80B | $76.78B | $65.24B | $116.27B |
| Total Equity | $78.97B | $69.84B | $69.81B | $59.88B | $74.22B | $73.17B | $81.50B | $77.55B | $66.06B | $116.98B |
| Total Liabilities and Stockholders Equity | $217.07B | $187.19B | $174.35B | $190.01B | $229.74B | $222.07B | $251.37B | $246.98B | $230.52B | $298.69B |
| Minority Interest | $392.00M | $344.00M | $405.00M | $528.00M | $892.00M | $1.63B | $1.70B | $771.00M | $819.00M | $706.00M |
| Total Liabilities and Total Equity | $217.07B | $187.19B | $174.35B | $190.01B | $229.74B | $222.07B | $251.37B | $246.98B | $230.52B | $298.69B |
| Total Investments | $6.59B | $5.90B | $2.20B | $3.98B | $6.45B | $3.90B | $5.74B | $3.93B | $4.39B | $15.19B |
| Total Debt | $62.60B | $53.80B | $58.74B | $75.54B | $87.12B | $84.36B | $109.28B | $118.37B | $126.26B | $132.16B |
| Net Debt | $49.87B | $45.80B | $48.28B | $63.83B | $79.75B | $70.46B | $86.76B | $97.17B | $101.20B | $115.50B |
Cash Flow Statement
| Breakdown | 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 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $25.69B | $36.76B | $19.99B | $948.00M | $10.36B | $7.41B | $169.00M | $-4.35B | $-8.61B | $-7.37B |
| Depreciation and Amortization | $13.28B | $13.22B | $11.70B | $11.45B | $13.52B | $11.78B | $13.25B | $13.93B | $11.55B | $- |
| Deferred Income Tax | $909.33M | $16.77B | $3.07B | $-4.92B | $2.80B | $370.00M | $467.00M | $-913.00M | $-2.04B | $-3.04B |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-2.38B | $-9.17B | $-558.00M | $2.43B | $-6.42B | $-2.49B | $-2.15B | $-1.98B | $-2.20B | $-6.62B |
| Accounts Receivables | $88.00M | $366.15M | $5.03B | $3.36B | $1.92B | $1.89B | $839.00M | $1.01B | $230.00M | $-5.14B |
| Inventory | $1.56B | $-1.22B | $-2.33B | $724.00M | $-281.00M | $-2.11B | $-336.00M | $-518.00M | $291.00M | $570.00M |
| Accounts Payables | $-949.17M | $-359.00M | $1.07B | $216.00M | $-989.00M | $858.00M | $-62.00M | $-1.06B | $-1.23B | $-1.21B |
| Other Working Capital | $-3.08B | $-7.96B | $-4.33B | $-1.87B | $-7.07B | $-3.14B | $-2.59B | $-1.41B | $-1.50B | $-834.00M |
| Other Non Cash Items | $5.71B | $-7.85B | $15.29B | $30.43B | $18.86B | $21.06B | $28.62B | $33.35B | $38.77B | $43.66B |
| Net Cash Provided by Operating Activities | $43.21B | $49.72B | $37.79B | $28.89B | $25.60B | $26.35B | $27.11B | $26.11B | $25.91B | $26.63B |
| Investments in Property Plant and Equipment | $-12.08B | $-9.58B | $-6.33B | $-5.87B | $-23.90B | $-11.90B | $-13.64B | $-14.09B | $-21.65B | $-34.81B |
| Acquisitions Net | $- | $-27.00M | $-24.00M | $-942.00M | $-7.00M | $-43.00M | $-75.00M | $-13.74B | $-108.00M | $-329.00M |
| Purchases of Investments | $- | $-3.33B | $-4.00M | $243.00M | $-7.00M | $-43.00M | $-861.00M | $-13.74B | $-108.00M | $-5.47B |
| Sales Maturities of Investments | $98.00M | $- | $4.00M | $66.00M | $198.00M | $705.00M | $13.64B | $229.00M | $7.98B | $34.81B |
| Other Investing Activities | $4.02B | $12.50B | $8.51B | $2.00B | $22.03B | $6.78B | $-10.10B | $30.03B | $1.09B | $-30.68B |
| Net Cash Used for Investing Activities | $-7.96B | $-432.00M | $2.16B | $-4.51B | $-1.68B | $-4.50B | $-11.03B | $-11.30B | $-12.79B | $-36.48B |
| Debt Repayment | $-8.27B | $-11.88B | $-25.36B | $-15.18B | $-25.02B | $-23.31B | $-8.64B | $-12.61B | $1.62B | $18.53B |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-735.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-19.67B | $-37.60B | $-13.37B | $-1.20B | $-1.90B | $-625.00M | $- | $- | $- | $-3.92B |
| Other Financing Activities | $-2.03B | $-382.09M | $-2.06B | $-2.88B | $-5.18B | $-5.92B | $-5.03B | $-6.50B | $-4.78B | $-3.72B |
| Net Cash Used Provided by Financing Activities | $-30.70B | $-51.45B | $-40.79B | $-19.26B | $-32.07B | $-29.85B | $-14.64B | $-19.11B | $-3.59B | $11.01B |
| Effect of Forex Changes on Cash | $174.00M | $-316.00M | $-402.00M | $-773.00M | $1.63B | $-620.00M | $-128.00M | $450.00M | $-1.12B | $-378.00M |
| Net Change in Cash | $4.73B | $-2.48B | $-1.25B | $4.35B | $-6.52B | $-8.62B | $1.31B | $-3.85B | $8.40B | $787.00M |
| Cash at End of Period | $12.73B | $8.00B | $10.48B | $11.72B | $7.38B | $13.90B | $22.52B | $21.20B | $25.06B | $16.66B |
| Cash at Beginning of Period | $8.00B | $10.48B | $11.72B | $7.38B | $13.90B | $22.52B | $21.20B | $25.06B | $16.66B | $15.87B |
| Operating Cash Flow | $43.21B | $49.72B | $37.79B | $28.89B | $25.60B | $26.35B | $27.11B | $26.11B | $25.91B | $26.63B |
| Capital Expenditure | $-12.11B | $-9.58B | $-6.33B | $-5.87B | $-23.90B | $-11.90B | $-13.64B | $-14.09B | $-21.65B | $-34.81B |
| Free Cash Flow | $31.10B | $40.14B | $31.47B | $23.02B | $1.70B | $14.45B | $13.47B | $12.03B | $4.26B | $-8.18B |