Tenaris S.A (TEN.MI) Financial Statements
Price: $18.365
Market Cap: $20.24B
Avg Volume: 2.26M
Market Cap: $20.24B
Avg Volume: 2.26M
Country: LU
Industry: Oil & Gas Equipment & Services
Sector: Energy
Industry: Oil & Gas Equipment & Services
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 Tenaris S.A.
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 | $12.52B | $14.87B | $11.76B | $6.52B | $5.15B | $7.29B | $7.66B | $5.29B | $4.29B | $7.10B |
| Cost of Revenue | $8.14B | $8.40B | $7.09B | $4.61B | $4.09B | $5.11B | $5.28B | $3.69B | $3.17B | $4.89B |
| Gross Profit | $4.39B | $6.47B | $4.67B | $1.91B | $1.06B | $2.19B | $2.38B | $1.60B | $1.13B | $2.22B |
| Gross Profit Ratio | 35.04% | 43.53% | 39.74% | 29.30% | 20.58% | 29.98% | 31.07% | 30.32% | 26.27% | 31.20% |
| Research and Development Expenses | $- | $60.00M | $50.70M | $45.30M | $41.80M | $61.10M | $63.40M | $63.70M | $68.60M | $89.00M |
| General and Administrative Expenses | $- | $927.43M | $754.09M | $588.85M | $601.74M | $725.29M | $698.42M | $654.66M | $609.33M | $830.06M |
| Selling and Marketing Expenses | $- | $696.71M | $641.81M | $415.89M | $310.81M | $441.44M | $491.56M | $339.76M | $243.40M | $351.66M |
| Selling General and Administrative Expenses | $1.90B | $1.62B | $1.40B | $1.00B | $912.56M | $1.17B | $1.19B | $994.42M | $1.20B | $1.62B |
| Other Expenses | $64.77M | $471.53M | $301.55M | $138.89M | $180.04M | $181.32M | $4.91M | $4.33M | $4.85M | $6.46M |
| Operating Expenses | $1.97B | $2.16B | $1.70B | $1.14B | $1.09B | $1.35B | $1.50B | $1.26B | $1.19B | $2.02B |
| Cost and Expenses | $10.11B | $10.55B | $8.79B | $5.76B | $5.18B | $6.46B | $6.78B | $4.95B | $4.35B | $6.91B |
| Interest Income | $- | $106.81M | $86.11M | $38.05M | $21.62M | $48.06M | $42.24M | $47.60M | $66.20M | $34.57M |
| Interest Expense | $- | $106.86M | $45.94M | $23.68M | $27.01M | $43.38M | $36.94M | $27.07M | $22.33M | $23.06M |
| Depreciation and Amortization | $632.85M | $548.51M | $607.72M | $594.72M | $678.81M | $539.52M | $664.36M | $608.64M | $662.41M | $658.78M |
| EBITDA | $3.16B | $5.29B | $3.82B | $1.86B | $86.55M | $1.52B | $1.80B | $943.23M | $719.17M | $822.66M |
| EBITDA Ratio | 25.22% | 35.57% | 32.77% | 29.38% | 15.15% | 20.72% | 23.28% | 20.28% | 16.75% | 12.00% |
| Operating Income | $2.42B | $4.32B | $2.96B | $1.32B | $101.15M | $832.39M | $871.81M | $334.59M | $-59.06M | $195.43M |
| Operating Income Ratio | 19.31% | 29.03% | 25.19% | 20.26% | 1.97% | 11.41% | 11.38% | 6.33% | -1.38% | 2.75% |
| Total Other Income Expenses Net | $137.60M | $316.38M | $202.66M | $-78.13M | $43.80M | $101.32M | $231.29M | $93.12M | $93.49M | $-24.97M |
| Income Before Tax | $2.56B | $4.63B | $3.17B | $1.24B | $-619.27M | $933.71M | $1.10B | $427.71M | $34.43M | $170.08M |
| Income Before Tax Ratio | 20.41% | 31.16% | 26.92% | 19.06% | -12.03% | 12.80% | 14.40% | 8.09% | 0.80% | 2.40% |
| Income Tax Expense | $479.68M | $674.96M | $617.24M | $189.45M | $23.15M | $202.45M | $229.21M | $-17.14M | $17.10M | $244.50M |
| Net Income | $2.04B | $3.92B | $2.55B | $1.10B | $-642.42M | $742.69M | $876.06M | $544.74M | $55.30M | $-80.16M |
| Net Income Ratio | 16.26% | 26.35% | 21.71% | 16.87% | -12.48% | 10.18% | 11.44% | 10.30% | 1.29% | -1.13% |
| EPS | $1.81 | $3.32 | $2.16 | $0.93 | $-0.54 | $0.63 | $0.74 | $0.46 | $0.05 | $-0.07 |
| EPS Diluted | $1.81 | $3.32 | $2.16 | $0.93 | $-0.54 | $0.63 | $0.74 | $0.46 | $0.05 | $-0.07 |
| Weighted Average Shares Outstanding | 1.13B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B |
| Weighted Average Shares Outstanding Diluted | 1.13B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B |
| 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 | $675.26M | $1.64B | $1.09B | $318.13M | $584.68M | $1.55B | $428.36M | $330.22M | $399.74M | $286.55M |
| Short Term Investments | $2.37B | $1.97B | $438.45M | $397.85M | $872.49M | $210.38M | $487.73M | $1.19B | $1.63B | $2.14B |
| Cash and Short Term Investments | $3.05B | $3.61B | $1.53B | $715.98M | $1.46B | $1.76B | $916.10M | $1.52B | $2.03B | $2.43B |
| Net Receivables | $1.96B | $2.48B | $2.49B | $1.30B | $968.15M | $1.35B | $1.74B | $1.21B | $954.68M | $1.14B |
| Inventory | $3.71B | $3.92B | $3.99B | $2.67B | $1.64B | $2.27B | $2.52B | $2.37B | $1.56B | $1.84B |
| Other Current Assets | $519.72M | $495.02M | $457.75M | $293.53M | $26.54M | $291.89M | $286.39M | $276.26M | $417.12M | $337.03M |
| Total Current Assets | $9.24B | $10.50B | $8.47B | $4.98B | $4.29B | $5.67B | $5.46B | $5.38B | $4.97B | $5.74B |
| Property Plant Equipment Net | $6.27B | $6.21B | $5.67B | $5.93B | $6.44B | $6.32B | $6.06B | $6.23B | $6.00B | $5.67B |
| Goodwill | $- | $1.10B | $1.09B | $1.08B | $1.09B | $1.32B | $1.29B | $1.29B | $1.29B | $1.33B |
| Intangible Assets | $1.36B | $273.40M | $247.46M | $287.53M | $343.09M | $241.31M | $177.62M | $368.38M | $570.16M | $809.68M |
| Goodwill and Intangible Assets | $1.36B | $1.38B | $1.33B | $1.37B | $1.43B | $1.56B | $1.47B | $1.66B | $1.86B | $2.14B |
| Long Term Investments | $2.55B | $2.01B | $1.66B | $1.70B | $1.20B | $904.90M | $923.72M | $790.20M | $828.32M | $906.96M |
| Tax Assets | $- | $- | $208.87M | $245.55M | $205.59M | $225.68M | $181.61M | $153.53M | $144.61M | $200.71M |
| Other Non-Current Assets | $1.04B | $975.57M | $211.72M | $212.97M | $154.30M | $157.10M | $151.91M | $183.33M | $197.00M | $220.56M |
| Total Non-Current Assets | $11.21B | $10.58B | $9.08B | $9.47B | $9.43B | $9.17B | $8.79B | $9.02B | $9.03B | $9.14B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $20.45B | $21.08B | $17.55B | $14.45B | $13.72B | $14.84B | $14.25B | $14.40B | $14.00B | $14.89B |
| Account Payables | $880.26M | $1.11B | $1.18B | $845.26M | $462.11M | $555.89M | $693.67M | $750.74M | $556.83M | $504.20M |
| Short Term Debt | $470.49M | $59.06M | $28.66M | $34.65M | $43.59M | $37.87M | $1.69M | $931.21M | $808.69M | $748.29M |
| Tax Payables | $- | $488.28M | $376.24M | $143.49M | $90.59M | $127.62M | $250.23M | $102.41M | $101.20M | $136.02M |
| Deferred Revenue | $- | $513.91M | $242.91M | $92.44M | $48.69M | $82.73M | $62.68M | $56.71M | $39.67M | $134.78M |
| Other Current Liabilities | $1.29B | $733.16M | $1.20B | $536.25M | $570.18M | $1.06B | $772.77M | $286.54M | $264.40M | $366.27M |
| Total Current Liabilities | $2.64B | $2.90B | $2.79B | $1.56B | $1.17B | $1.78B | $1.72B | $2.07B | $1.73B | $1.75B |
| Long Term Debt | $111.83M | $144.90M | $130.05M | $194.13M | $529.59M | $233.20M | $29.19M | $34.65M | $31.54M | $223.22M |
| Deferred Revenue Non-Current | $- | $- | $- | $266.81M | $274.96M | $285.06M | $229.67M | $229.69M | $63.26M | $61.42M |
| Deferred Tax Liabilities Non-Current | $- | $- | $269.07M | $274.72M | $254.80M | $336.98M | $379.04M | $457.97M | $550.66M | $750.33M |
| Other Non-Current Liabilities | $887.80M | $1.00B | $597.34M | $323.15M | $298.70M | $20.92M | $398.59M | $482.01M | $764.27M | $981.50M |
| Total Non-Current Liabilities | $999.63M | $1.15B | $727.39M | $784.08M | $1.10B | $876.16M | $657.44M | $746.35M | $859.07M | $1.27B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $3.64B | $4.05B | $3.52B | $2.34B | $2.27B | $2.66B | $2.38B | $2.82B | $2.59B | $3.02B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $16.59B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B |
| Retained Earnings | $- | $16.86B | $13.46B | $11.44B | $10.66B | $11.37B | $11.12B | $10.72B | $10.66B | $11.11B |
| Accumulated Other Comprehensive Income Loss | $- | $-1.48B | $-1.35B | $-1.27B | $-1.19B | $-1.18B | $-1.12B | $-1.03B | $-1.16B | $-1.19B |
| Other Total Stockholders Equity | $-1 | $277.94M | $491.68M | $491.68M | $491.68M | $609.73M | $491.68M | $491.68M | $491.68M | $491.68M |
| Total Stockholders Equity | $16.59B | $16.84B | $13.91B | $11.96B | $11.26B | $11.99B | $11.78B | $11.48B | $11.29B | $11.71B |
| Total Equity | $16.81B | $17.03B | $14.03B | $12.11B | $11.45B | $12.19B | $11.88B | $11.58B | $11.41B | $11.87B |
| Total Liabilities and Stockholders Equity | $20.45B | $21.08B | $17.55B | $14.45B | $13.72B | $14.84B | $14.25B | $14.40B | $14.00B | $14.89B |
| Minority Interest | $220.58M | $187.47M | $128.73M | $145.12M | $183.59M | $197.41M | $92.61M | $98.78M | $125.66M | $152.71M |
| Total Liabilities and Total Equity | $20.45B | $21.08B | $17.55B | $14.45B | $13.72B | $14.84B | $14.25B | $14.40B | $14.00B | $14.89B |
| Total Investments | $4.92B | $3.98B | $2.10B | $2.10B | $2.08B | $1.12B | $1.41B | $1.98B | $2.46B | $3.05B |
| Total Debt | $582.32M | $203.96M | $840.94M | $448.22M | $876.35M | $1.05B | $539.01M | $965.86M | $840.24M | $971.52M |
| Net Debt | $-92.93M | $-1.43B | $-250.59M | $130.09M | $291.67M | $-501.98M | $110.65M | $635.64M | $440.50M | $684.97M |
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 | $2.04B | $3.92B | $2.55B | $1.05B | $-642.42M | $731.26M | $873.90M | $536.39M | $58.74M | $-74.42M |
| Depreciation and Amortization | $632.85M | $548.51M | $607.72M | $594.72M | $678.81M | $539.52M | $664.36M | $608.64M | $662.41M | $658.78M |
| Deferred Income Tax | $- | $-143.39M | $257.65M | $35.60M | $-117.21M | $-193.42M | $58.49M | $-193.99M | $-128.08M | $-91.08M |
| Stock Based Compensation | $- | $- | $- | $- | $-413.00K | $- | $- | $- | $- | $- |
| Change in Working Capital | $261.76M | $182.43M | $-2.13B | $-1.05B | $1.06B | $523.11M | $-737.95M | $-855.28M | $348.20M | $1.37B |
| Accounts Receivables | $- | $217.92M | $-1.21B | $-334.78M | $409.16M | $428.33M | $-517.58M | $-259.38M | $146.82M | $828.26M |
| Inventory | $- | $186.90M | $-1.33B | $-1.06B | $828.80M | $311.46M | $-176.44M | $-804.41M | $244.72M | $936.40M |
| Accounts Payables | $- | $-149.02M | $353.89M | $383.42M | $-184.44M | $-180.86M | $-57.07M | $193.91M | $59.94M | $-327.96M |
| Other Working Capital | $261.76M | $-73.37M | $53.01M | $-34.08M | $5.62M | $-35.82M | $13.14M | $14.60M | $-103.28M | $-62.72M |
| Other Non Cash Items | $-64.84M | $-110.54M | $-115.61M | $-11.36M | $-538.00K | $-4.38M | $6.15M | $11.55M | $-40.40M | $-1.98M |
| Net Cash Provided by Operating Activities | $2.87B | $4.40B | $1.17B | $119.08M | $1.52B | $1.53B | $610.80M | $-22.02M | $863.57M | $2.22B |
| Investments in Property Plant and Equipment | $-704.35M | $-619.45M | $-397.35M | $-244.59M | $-194.35M | $-348.08M | $-343.46M | $-552.79M | $-763.26M | $-1.12B |
| Acquisitions Net | $- | $-289.44M | $-4.08M | $23.64M | $-1.03B | $-155.39M | $- | $313.53M | $-17.11M | $-4.40M |
| Purchases of Investments | $- | $- | $- | $239.52M | $-887.22M | $-2.93M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $123.25M | $390.19M | $193.32M | $389.81M | $- | $- | $- | $- |
| Other Investing Activities | $-692.81M | $-1.78B | $114.62M | $-140.85M | $-178.65M | $463.08M | $742.57M | $588.38M | $682.02M | $-647.75M |
| Net Cash Used for Investing Activities | $-1.40B | $-2.69B | $-163.56M | $267.90M | $-2.09B | $-40.39M | $399.11M | $349.12M | $-98.35M | $-1.77B |
| Debt Repayment | $-197.34M | $-259.56M | $364.74M | $-325.86M | $-287.38M | $132.13M | $-412.90M | $106.65M | $-114.83M | $226.00K |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-1.44B | $-213.74M | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-757.79M | $-636.51M | $-531.24M | $-318.74M | $-82.64M | $-484.02M | $-484.02M | $-484.02M | $-507.63M | $-531.24M |
| Other Financing Activities | $-4.72M | $-15.20M | $-11.84M | $-3.35M | $-5.30M | $-1.87M | $-3.52M | $-24.05M | $-30.16M | $-4.02M |
| Net Cash Used Provided by Financing Activities | $-2.40B | $-1.13B | $-178.34M | $-647.96M | $-375.32M | $-353.76M | $-900.44M | $-401.42M | $-652.62M | $-535.03M |
| Effect of Forex Changes on Cash | $-25.43M | $-58.38M | $-51.95M | $-5.53M | $-22.49M | $-6.23M | $-12.84M | $5.83M | $-211.00K | $-36.63M |
| Net Change in Cash | $-955.80M | $525.16M | $773.37M | $-266.52M | $-969.69M | $1.13B | $96.63M | $-68.49M | $112.38M | $-130.25M |
| Cash at End of Period | $660.80M | $1.62B | $1.09B | $318.07M | $584.58M | $1.55B | $426.72M | $330.09M | $398.58M | $286.20M |
| Cash at Beginning of Period | $1.62B | $1.09B | $318.07M | $584.58M | $1.55B | $426.72M | $330.09M | $398.58M | $286.20M | $416.44M |
| Operating Cash Flow | $2.87B | $4.40B | $1.17B | $119.08M | $1.52B | $1.53B | $610.80M | $-22.02M | $863.57M | $2.22B |
| Capital Expenditure | $-704.35M | $-619.45M | $-397.35M | $-244.59M | $-194.35M | $-348.08M | $-343.46M | $-552.79M | $-763.26M | $-1.12B |
| Free Cash Flow | $2.16B | $3.78B | $769.87M | $-125.52M | $1.33B | $1.18B | $267.34M | $-574.82M | $100.30M | $1.09B |