Petróleo Brasileiro S.A. (Petrobras) (PBR) annual results, year to 31 December 2019: revenue USD 76,589 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 2019 it reported revenue of USD 76,589 million, down 9.5% on the year before. Its profit attributable to shareholders was USD 10,151 million, up 41.5%.
The year to 31 December 2019, against the year before
| Year to | Dec 2018 † | Dec 2019 † |
|---|---|---|
| Revenue | 84,638 | 76,589 |
| Cost of sales | 52,184 | 45,732 |
| Gross profit | 32,454 | 30,857 |
| Research and development | 641 | -576 |
| Operating profit | 16,788 | 20,614 |
| Finance costs | 5,675 | -7,086 |
| Profit before tax | 10,827 | 12,003 |
| Income tax | 4,256 | 4,200 |
| Profit for the year | 7,414 | 10,363 |
| Profit attributable to shareholders | 7,173 | 10,151 |
| 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 2018 † | Dec 2019 † |
|---|---|---|
| Cash from operations | 26,353 | 25,600 |
| Purchase of property, plant and equipment | 12,021 | n/a |
| Free cash flow | 14,332 | n/a |
| Dividends paid | 625 | 1,877 |
| 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 2018 † | Dec 2019 † |
|---|---|---|
| Total assets | 222,068 | 229,740 |
| Equity attributable to shareholders | 71,544 | 73,323 |
| Cash and cash equivalents | 13,899 | 7,372 |
| Borrowings, as filed | 84,175 | 63,260 |
| Lease liabilities | 185 | 23,861 |
| Trade and other receivables | 5,746 | 3,762 |
| Inventories | 8,987 | 8,189 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2018 † | Dec 2019 † |
|---|---|---|
| Gross margin | 38.3% | 40.3% |
| Operating margin | 19.8% | 26.9% |
| Net margin | 8.5% | 13.3% |
| Free cash flow margin | 16.9% | n/a |
| Return on year-end equity | 10.0% | 13.8% |
| Effective tax rate | 39.3% | 35.0% |
| 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, this page
- Year to 31 December 2018
- Year to 31 December 2017
- Year to 31 December 2016
- Year to 31 December 2015
Source
20-F for the year to 31 December 2019, filed 30 March 2022, accession 0001292814-22-001285: 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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