REG-TOTAL Total: Fourth Quarter and Full-Year 2017 Results <Origin Href="QuoteRef">TOTF.PA</Origin> - Part 4
08/02/2018 13:10
- Part 4: For the preceding part double click ID:nBw1H7B47c
expenses (3,724) (3,847) (23,155) (12,535) (296) 12,539 (31,018)
Depreciation, depletion and impairment of tangible assets and (4,329) (193) (252) (154) (11) - (4,939)
mineral interests
Operating income (800) (59) 1,593 398 (222) - 910
Net income (loss) from equity affiliates and other items 25 (50) 162 41 137 - 315
Tax on net operating income (53) (5) (392) (132) 77 - (505)
Net operating income (828) (114) 1,363 307 (8) - 720
Net cost of net debt (233)
Non-controlling interests 61
Net income - group share 548
4 Exploration & Production Gas, Renewables & Power Refining & Chemicals Marketing & Services Corporate Intercompany Total
(
th
)
quarter 2016 (adjustments)
(
(a)
)
(M$)
Non-Group sales - 17 - - - - 17
Intersegment sales - - - - - - -
Excise taxes - - - - - - -
Revenues from sales - 17 - - - - 17
Operating expenses - (64) 379 (116) - - 199
Depreciation, depletion and impairment of tangible assets and (1,889) (139) - (1) - - (2,029)
mineral interests
Operating income (1,889) (186) 379 (117) - - (1,813)
(
(b)
)
Net income (loss) from equity affiliates and other items (406) (59) (32) (20) (4) - (521)
Tax on net operating income 460 (1) (115) 38 1 - 383
Net operating income (1,835) (246) 232 (99) (3) - (1,951)
(
(b)
)
Net cost of net debt (6)
Non-controlling interests 98
Net income - group share (1,859)
(
(a)
)
Adjustments include special items,
inventory valuation effect and the effect of changes in fair value.
( (b) ) Of which inventory valuation effect
On operating income - - 380 (33) -
On net operating income - - 281 (14) -
4 Exploration & Production Gas, Renewables & Power Refining & Chemicals Marketing & Services Corporate Intercompany Total
(
th
)
quarter 2016 (adjusted)
(M$) ((a))
Non-Group sales 2,066 3,658 19,077 17,454 3 - 42,258
Intersegment sales 5,187 306 6,707 257 82 (12,539) -
Excise taxes - - (784) (4,624) - - (5,408)
Revenues from sales 7,253 3,964 25,000 13,087 85 (12,539) 36,850
Operating expenses (3,724) (3,783) (23,534) (12,419) (296) 12,539 (31,217)
Depreciation, depletion and impairment of tangible assets and (2,440) (54) (252) (153) (11) - (2,910)
mineral interests
Adjusted operating income 1,089 127 1,214 515 (222) - 2,723
Net income (loss) from equity affiliates and other items 431 9 194 61 141 - 836
Tax on net operating income (513) (4) (277) (170) 76 - (888)
Adjusted net operating income 1,007 132 1,131 406 (5) - 2,671
Net cost of net debt (227)
Non-controlling interests (37)
Adjusted net income - group share 2,407
Adjusted fully-diluted earnings per share ($) 0.96
(a) Except for earnings per share.
4 Exploration & Production Gas, Renewables & Power Refining & Chemicals Marketing & Services Corporate Intercompany Total
(
th
)
quarter 2016
(M$)
Total expenditures 4,833 (118) 566 500 74 - 5,855
Total divestments 818 29 15 65 - - 927
Cash flow from operating activities 4,039 732 1,746 340 161 - 7,018
BUSINESS SEGMENT INFORMATION
TOTAL
Year 2017 Exploration & Production Gas, Renewables & Power Refining & Chemicals Marketing & Services Corporate Intercompany Total
(M$)
Non-Group sales 8,477 12,854 75,505 74,634 23 - 171,493
Intersegment sales 22,837 1,180 26,844 857 374 (52,092) -
Excise taxes - - (3,008) (19,386) - - (22,394)
Revenues from sales 31,314 14,034 99,341 56,105 397 (52,092) 149,099
Operating expenses (14,672) (13,828) (94,097) (53,629) (1,107) 52,092 (125,241)
Depreciation, depletion and impairment of tangible assets and (13,850) (482) (1,074) (657) (40) - (16,103)
mineral interests
Operating income 2,792 (276) 4,170 1,819 (750) - 7,755
Net income (loss) from equity affiliates and other items 1,546 31 2,979 497 54 - 5,107
Tax on net operating income (2,233) (140) (944) (561) 540 - (3,338)
Net operating income 2,105 (385) 6,205 1,755 (156) - 9,524
Net cost of net debt (1,225)
Non-controlling interests 332
Net income - group share 8,631
Year 2017 (adjustments) Exploration & Production Gas, Renewables & Power Refining & Chemicals Marketing & Services Corporate Intercompany Total
(
(a)
)
(M$)
Non-Group sales - (20) - - - - (20)
Intersegment sales - - - - - - -
Excise taxes - - - - - - -
Revenues from sales - (20) - - - - (20)
Operating expenses (119) (389) 167 (11) (64) - (416)
Depreciation, depletion and impairment of tangible assets and (4,308) (291) (53) (10) - - (4,662)
mineral interests
Operating income (4,427) (700) 114 (21) (64) - (5,098)
(
(b)
)
Net income (loss) from equity affiliates and other items (328) (116) 2,177 102 - - 1,835
Tax on net operating income 875 (54) 124 (2) (114) - 829
Net operating income (3,880) (870) 2,415 79 (178) - (2,434)
(
(b)
)
Net cost of net debt - - - - - - (29)
Non-controlling interests - - - - - - 516
Net income - group share - - - - - - (1,947)
(
(a)
)
Adjustments include special items,
inventory valuation effect and the effect of changes in fair value.
( (b) ) Of which inventory valuation effect
On operating income - - 344 13 -
On net operating income - - 298 (3) -
Year 2017 (adjusted) Exploration & Production Gas, Renewables & Power Refining & Chemicals Marketing & Services Corporate Intercompany Total
(M$) ((a))
Non-Group sales 8,477 12,874 75,505 74,634 23 - 171,513
Intersegment sales 22,837 1,180 26,844 857 374 (52,092) -
Excise taxes - - (3,008) (19,386) - - (22,394)
Revenues from sales 31,314 14,054 99,341 56,105 397 (52,092) 149,119
Operating expenses (14,553) (13,439) (94,264) (53,618) (1,043) 52,092 (124,825)
Depreciation, depletion and impairment of tangible assets and (9,542) (191) (1,021) (647) (40) - (11,441)
mineral interests
Adjusted operating income 7,219 424 4,056 1,840 (686) - 12,853
Net income (loss) from equity affiliates and other items 1,874 147 802 395 54 - 3,272
Tax on net operating income (3,108) (86) (1,068) (559) 654 - (4,167)
Adjusted net operating income 5,985 485 3,790 1,676 22 - 11,958
Net cost of net debt (1,196)
Non-controlling interests (184)
Adjusted net income - group share 10,578
Adjusted fully-diluted earnings per share ($) 4.12
(a) Except for earnings per share.
Year 2017 Exploration & Production Gas, Renewables & Power Refining & Chemicals Marketing & Services Corporate Intercompany Total
(M$)
Total expenditures 12,802 797 1,734 1,457 106 - 16,896
Total divestments 1,918 73 2,820 413 40 - 5,264
Cash flow from operating activities 11,459 993 7,440 2,130 297 - 22,319
BUSINESS SEGMENT INFORMATION
TOTAL
Year 2016 Exploration & Production Gas, Renewables & Power Refining & Chemicals Marketing & Services Corporate Intercompany Total
(M$)
Non-Group sales 7,629 10,124 65,632 66,351 7 - 149,743
Intersegment sales 17,759 1,009 21,467 744 307 (41,286) -
Excise taxes - - (3,544) (18,274) - - (21,818)
Revenues from sales 25,388 11,133 83,555 48,821 314 (41,286) 127,925
Operating expenses (14,236) (10,993) (77,562) (46,432) (1,006) 41,286 (108,943)
Depreciation, depletion and impairment of tangible assets and (11,583) (301) (1,002) (600) (37) - (13,523)
mineral interests
Operating income (431) (161) 4,991 1,789 (729) - 5,459
Net income (loss) from equity affiliates and other items 1,375 71 779 170 426 - 2,821
Tax on net operating income 401 (4) (1,244) (541) 164 - (1,224)
Net operating income 1,345 (94) 4,526 1,418 (139) - 7,056
Net cost of net debt (850)
Non-controlling interests (10)
Net income - group share 6,196
Year 2016 (adjustments) Exploration & Production Gas, Renewables & Power Refining & Chemicals Marketing & Services Corporate Intercompany Total
(
(a)
)
(M$)
Non-Group sales - (231) - - - - (231)
Intersegment sales - - - - - - -
Excise taxes - - - - - - -
Revenues from sales - (231) - - - - (231)
Operating expenses (691) (79) 625 (136) - - (281)
Depreciation, depletion and impairment of tangible assets and (2,089) (139) - (1) - - (2,229)
mineral interests
Operating income (2,780) (449) 625 (137) - - (2,741)
(
(b)
)
Net income (loss) from equity affiliates and other items (200) (135) (93) (40) (4) - (472)
Tax on net operating income 1,108 51 (201) 36 1 - 995
Net operating income (1,872) (533) 331 (141) (3) - (2,218)
(
(b)
)
Net cost of net debt (23)
Non-controlling interests 150
Net income - group share (2,091)
(
(a)
)
Adjustments include special items,
inventory valuation effect and the effect of changes in fair value.
( (b) ) Of which inventory valuation effect
On operating income - - 695 (43) -
On net operating income - - 500 (13) -
Year 2016 (adjusted) Exploration & Production Gas, Renewables & Power Refining & Chemicals Marketing & Services Corporate Intercompany Total
(M$) ((a))
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