Petróleo Brasileiro S.A. (Petrobras) (PBR) annual results, year to 31 December 2018: revenue USD 84,638 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 2018 it reported revenue of USD 84,638 million, up 8.7% on the year before. Its profit attributable to shareholders was USD 7,173 million.
The year to 31 December 2018, against the year before
| Year to | Dec 2017 † | Dec 2018 † |
|---|---|---|
| Revenue | 77,884 | 84,638 |
| Cost of sales | 51,198 | 52,184 |
| Gross profit | 26,686 | 32,454 |
| Research and development | 572 | 641 |
| Operating profit | 10,553 | 16,788 |
| Finance costs | 7,006 | 5,675 |
| Profit before tax | 1,507 | 10,827 |
| Income tax | 1,697 | 4,256 |
| Profit for the year | 169 | 7,414 |
| Profit attributable to shareholders | -91.0 | 7,173 |
| 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.
USD per ordinary share, as filed.
Cash flow
| Year to | Dec 2017 † | Dec 2018 † |
|---|---|---|
| Cash from operations | 27,112 | 26,353 |
| Purchase of property, plant and equipment | 13,639 | 12,021 |
| Free cash flow | 13,473 | 14,332 |
| Dividends paid | 154 | 625 |
| 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 2017 † | Dec 2018 † |
|---|---|---|
| Total assets | 251,366 | 222,068 |
| Equity attributable to shareholders | 79,802 | 71,544 |
| Cash and cash equivalents | 22,519 | 13,899 |
| Borrowings, as filed | 109,046 | 84,175 |
| Lease liabilities | n/a | 185 |
| Trade and other receivables | 4,972 | 5,746 |
| Inventories | 8,489 | 8,987 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2017 † | Dec 2018 † |
|---|---|---|
| Gross margin | 34.3% | 38.3% |
| Operating margin | 13.5% | 19.8% |
| Net margin | -0.1% | 8.5% |
| Free cash flow margin | 17.3% | 16.9% |
| Return on year-end equity | -0.1% | 10.0% |
| Effective tax rate | 112.6% | 39.3% |
| 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, this page
- Year to 31 December 2017
- Year to 31 December 2016
- Year to 31 December 2015
Source
20-F for the year to 31 December 2018, filed 25 March 2021, accession 0001292814-21-001152: 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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