Petróleo Brasileiro S.A. (Petrobras) (PBR) annual results, year to 31 December 2017: revenue USD 77,884 million, from the 20-F
Petróleo Brasileiro S.A. (Petrobras) files a 20-F with the SEC once a year, in US dollars. In the year to 31 December 2017 it reported revenue of USD 77,884 million, down 4.3% on the year before. Its profit attributable to shareholders was USD -91.0 million.
The year to 31 December 2017, against the year before
| Year to | Dec 2016 † | Dec 2017 † |
|---|---|---|
| Revenue | 81,405 | 77,884 |
| Cost of sales | 55,417 | 51,198 |
| Gross profit | 25,988 | 26,686 |
| Research and development | 523 | 572 |
| Operating profit | 4,308 | 10,553 |
| Finance costs | 6,958 | 7,006 |
| Profit before tax | -3,665 | 1,507 |
| Income tax | -684 | 1,697 |
| Profit for the year | -4,349 | 169 |
| Profit attributable to shareholders | -4,838 | -91.0 |
| Filing | 20-F | 20-F |
USD million, from the 20-F on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated.
Cash flow
| Year to | Dec 2016 † | Dec 2017 † |
|---|---|---|
| Cash from operations | 26,114 | 27,112 |
| Purchase of property, plant and equipment | 14,085 | 13,639 |
| Free cash flow | 12,029 | 13,473 |
| Dividends paid | 124 | 154 |
| Filing | 20-F | 20-F |
USD million. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet at year end
| Year to | Dec 2016 † | Dec 2017 † |
|---|---|---|
| Total assets | 246,983 | 251,366 |
| Equity attributable to shareholders | 76,779 | 79,802 |
| Cash and cash equivalents | 21,205 | 22,519 |
| Borrowings, as filed | 118,126 | 109,046 |
| Trade and other receivables | 4,769 | 4,972 |
| Inventories | 8,475 | 8,489 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2016 † | Dec 2017 † |
|---|---|---|
| Gross margin | 31.9% | 34.3% |
| Operating margin | 5.3% | 13.5% |
| Net margin | -5.9% | -0.1% |
| Free cash flow margin | 14.8% | 17.3% |
| Return on year-end equity | -6.3% | -0.1% |
| Effective tax rate | n/a | 112.6% |
| Filing | 20-F | 20-F |
Arithmetic on the filed lines of the same year.
Every annual report here
- Year to 31 December 2025
- Year to 31 December 2024
- Year to 31 December 2023
- Year to 31 December 2022
- Year to 31 December 2021
- Year to 31 December 2020
- Year to 31 December 2019
- Year to 31 December 2018
- Year to 31 December 2017, this page
- Year to 31 December 2016
- Year to 31 December 2015
Source
20-F for the year to 31 December 2017, filed 23 March 2020, accession 0001193125-20-080953: the filing on EDGAR. All of Petróleo Brasileiro S.A. (Petrobras)'s filings: EDGAR company page. The figures are in US dollars as filed.
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