TENARIS S.A. financials
Also U.S.-listed. TENARIS S.A. is also a foreign private issuer filing with the U.S. SEC. View its EDGAR financials: TS — Tenaris SA
TENARIS S.A.
Country: IT Reporting currency: USD Latest annual report: 2024-12-31
LEI:
549300Y7C05BKC4HZB40 Financial statements
(USD, as reported — unscaled; 114 line items across 3 annual periods)
| Line item | 2024 | 2023 | 2022 |
|---|---|---|---|
| Income statement | |||
| Revenue | $12.52B | $14.87B | $11.76B |
| Cost of sales | $8.14B | $8.67B | $7.09B |
| Gross profit | $4.39B | $6.20B | $4.67B |
| Other income | $60.6M | $53.0M | $104.5M |
| Operating profit (EBIT) | $2.42B | $4.32B | $2.96B |
| Finance costs | $61.2M | $106.9M | $45.9M |
| Profit before tax | $2.56B | $4.63B | $3.17B |
| Income tax expense | $479.7M | $675.0M | $617.2M |
| Profit for the year | $2.08B | $3.96B | $2.55B |
| — attributable to owners | $2.04B | $3.92B | $2.55B |
| — attributable to NCI | $40.3M | $39.8M | -$4.6M |
| Total comprehensive income | $2.14B | $3.91B | $2.47B |
| Cash flow statement | |||
| Net cash from operating activities | $2.87B | $4.40B | $1.17B |
| Net cash from investing activities | -$1.40B | -$2.69B | -$163.6M |
| Net cash from financing activities | -$2.40B | -$1.13B | -$178.3M |
| Dividends paid | $763.6M | $655.5M | $541.7M |
| Proceeds from borrowings | $1.87B | $1.72B | $1.51B |
| Repayments of borrowings | $2.00B | $1.93B | $1.09B |
| Lease liability payments | $68.6M | $51.5M | $52.4M |
| Net change in cash | -$930.4M | $583.5M | $825.3M |
| Balance sheet | |||
| Total assets | $20.45B | $21.08B | — |
| Non-current assets | $11.21B | $10.58B | — |
| Property, plant & equipment | $6.12B | $6.08B | — |
| Right-of-use assets | $148.9M | $132.1M | — |
| Intangible assets & goodwill | $1.36B | $1.38B | — |
| Current assets | $9.24B | $10.50B | — |
| Inventories | $3.71B | $3.92B | — |
| Trade & other receivables | $1.91B | $2.48B | — |
| Cash & equivalents | $675.3M | $1.64B | $1.09B |
| Total equity | $16.81B | $17.03B | $14.03B |
| — attributable to owners | $16.59B | $16.84B | — |
| Non-controlling interests | $220.6M | $187.5M | — |
| Non-current liabilities | $999.6M | $1.15B | — |
| Long-term borrowings | $11.4M | $48.3M | — |
| Lease liabilities (non-current) | $100.4M | $96.6M | — |
| Current liabilities | $2.64B | $2.90B | — |
| Lease liabilities (current) | $44.5M | $37.8M | — |
| Trade & other payables | $880.3M | $1.11B | — |
| Deferred tax liabilities | $503.9M | $631.6M | — |
| Derived metrics | |||
| Free cash flow | $2.17B | $3.78B | $788.8M |
| Operating margin | 19.3% | 29.0% | 25.2% |
| Net margin | 16.6% | 26.6% | 21.7% |
| Return on equity | 12.4% | 23.2% | 18.2% |
| Cash conversion ratio | 1.38× | 1.11× | 0.46× |
| Capex coverage | 4.13× | 7.10× | 3.08× |
| Other reported items | |||
| Adjustments For Depreciation and Amortisation Expense | $632.9M | $548.5M | $607.7M |
| Adjustments For Finance Income Cost | $1.1M | $53.5M | -$1.5M |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | $0 | $0 | $76.7M |
| Adjustments For Income Tax Expense | -$222.5M | -$143.4M | $257.7M |
| Adjustments For Undistributed Profits of Associates | $8.5M | $95.4M | $208.7M |
| Bank Overdrafts Classified As Cash Equivalents | $14.5M | $21.2M | $94.0K |
| Cancellation of Treasury Shares | $0 | — | — |
| Cash Advances and Loans Made To Related Parties | $5.6M | $3.8M | $0 |
| Cash and Cash Equivalents If Different From Statement of Financial Position | $660.8M | $1.62B | $1.09B |
| Cash Flows From Used In Decrease Increase In Shortterm Deposits and Investments | -$821.5M | -$1.86B | $123.3M |
| Comprehensive Income Attributable To Noncontrolling Interests | $38.9M | $39.8M | -$4.6M |
| Comprehensive Income Attributable To Owners of Parent | $2.11B | $3.87B | $2.48B |
| Current Advances | $206.2M | $263.7M | — |
| Current Borrowings and Current Portion of Noncurrent Borrowings | $426.0M | $535.1M | — |
| Current Contract Assets | $50.8M | $47.5M | — |
| Current Derivative Financial Assets | $7.5M | $9.8M | — |
| Current Derivative Financial Liabilities | $8.3M | $10.9M | — |
| Current Investments | $2.37B | $1.97B | — |
| Current Prepayments and Other Current Assets | $179.6M | $181.4M | — |
| Current Provisions | $119.3M | $36.0M | — |
| Current Tax Assets Current | $332.6M | $256.4M | — |
| Current Tax Liabilities Current | $366.3M | $488.3M | — |
| Deferred Tax Assets | $831.3M | $789.6M | — |
| Dividends Paid To Equity Holders of Parent Classified As Financing Activities | $757.8M | $636.5M | $531.2M |
| Dividends Paid To Noncontrolling Interests Classified As Financing Activities | $5.9M | $19.0M | $10.4M |
| Dividends Received From Associates Classified As Investing Activities | $73.8M | $68.8M | $66.2M |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -$25.4M | -$58.4M | -$52.0M |
| Equity and Liabilities | $20.45B | $21.08B | — |
| Finance Income | $242.3M | $213.5M | $80.0M |
| Gains Losses On Exchange Differences On Translation Before Tax | -$73.6M | $38.9M | -$23.7M |
| Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | $0 | $0 | $76.7M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | $22.4M | $24.6M | $0 |
| Income Tax Relating To Components of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss | -$1.8M | -$2.2M | $2.7M |
| Increase Decrease In Working Capital | -$286.9M | -$182.4M | $2.13B |
| Increase Decrease Through Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss of Control | $1.1M | $38.4M | -$1.4M |
| Investments In Subsidiaries Joint Ventures and Associates | $1.54B | $1.61B | — |
| Liabilities | $3.64B | $4.05B | — |
| Noncurrent Derivative Financial Liabilities | $0 | $255.0K | — |
| Noncurrent Investments Other Than Investments Accounted For Using Equity Method | $1.01B | $405.6M | — |
| Noncurrent Provisions | $82.1M | $101.5M | — |
| Noncurrent Receivables | $205.6M | $186.0M | — |
| Number of Shares Authorised | 2500.0M | 2500.0M | 2500.0M |
| Number of Shares Issued | 1162.8M | 1180.5M | 1180.5M |
| Number of Shares Outstanding | 1084.3M | 1167.9M | — |
| Other Adjustments For Noncash Items | $39.8M | -$18.7M | $69.7M |
| Other Comprehensive Income | $68.0M | -$44.8M | -$76.9M |
| Other Comprehensive Income Before Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income | $171.7M | -$112.4M | -$5.2M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | -$7.0M | -$6.8M | $13.6M |
| Other Comprehensive Income Net of Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income | $149.3M | -$137.0M | -$5.2M |
| Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans | -$5.2M | -$4.6M | $10.9M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | $73.6M | -$36.1M | -$91.4M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | -$5.6M | -$8.7M | $14.5M |
| Other Current Liabilities | $585.8M | $422.6M | — |
| Other Expense By Function | $125.4M | $17.3M | $104.7M |
| Other Finance Income Cost | -$52.1M | $114.4M | -$40.1M |
| Other Noncurrent Liabilities | $301.8M | $271.3M | — |
| Par Value Per Share | $1.00 | $1.00 | $1.00 |
| Payments To Acquire Or Redeem Entitys Shares | $1.44B | $213.7M | $0 |
| Proceeds From Disposals of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | $29.0M | $12.9M | $48.5M |
| Profit Loss From Continuing Operations | $2.08B | $3.96B | $2.55B |
| Purchase of Interests In Associates | $0 | $22.7M | $0 |
| Purchase of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | $694.0M | $619.4M | $378.4M |
| Purchase of Treasury Shares | $1.44B | $213.7M | — |
| Reclassification Adjustments On Exchange Differences On Translation Before Tax | $0 | $878.0K | $71.3M |
| Selling General and Administrative Expense | $1.90B | $1.92B | $1.63B |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method | -$2.5M | $58.8M | $12.4M |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss Net of Tax | -$333.0K | -$4.1M | $3.6M |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | $8.5M | $95.4M | $208.7M |
| Weighted Average Shares | 1127.5M | 1178.9M | 1180.5M |
Methodology
Every line item above is a fact tagged in TENARIS S.A.'s annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (USD), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.