CONSOLIDATED STATEMENT OF INCOME - Total.com
CONSOLIDATED STATEMENT OF INCOME - Total.com
CONSOLIDATED STATEMENT OF INCOME - Total.com
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
BUSINESS SEGMENT INFORMATION<br />
TOTAL<br />
(unaudited)<br />
3 rd quarter 2011<br />
(M€)<br />
Upstream<br />
Refining<br />
Chemicals<br />
Supply<br />
Marketing<br />
Corporate Inter<strong>com</strong>pany <strong>Total</strong><br />
Non-Group sales 4,770 19,267 22,124 2 - 46,163<br />
Intersegment sales 6,571 11,190 218 45 (18,024) -<br />
Excise taxes - (502) (4,136) - - (4,638)<br />
Revenues from sales 11,341 29,955 18,206 47 (18,024) 41,525<br />
Operating expenses (4,904) (29,539) (17,766) (136) 18,024 (34,321)<br />
Depreciation, depletion and amortization of tangible assets and mineral interests (1,262) (473) (129) (9) - (1,873)<br />
Operating in<strong>com</strong>e 5,175 (57) 311 (98) - 5,331<br />
Equity in net in<strong>com</strong>e (loss) of affiliates and other items 974 496 118 24 - 1,612<br />
Tax on net operating in<strong>com</strong>e (3,420) 9 (93) 41 - (3,463)<br />
Net operating in<strong>com</strong>e 2,729 448 336 (33) - 3,480<br />
Net cost of net debt (133)<br />
Non-controlling interests (33)<br />
Net in<strong>com</strong>e 3,314<br />
3 rd quarter 2011 (adjustments) (a)<br />
(M€)<br />
Upstream<br />
Refining<br />
Chemicals<br />
Supply<br />
Marketing<br />
Corporate Inter<strong>com</strong>pany <strong>Total</strong><br />
Non-Group sales (14) - - - - (14)<br />
Intersegment sales - - - - - -<br />
Excise taxes - - - - - -<br />
Revenues from sales (14) - - - - (14)<br />
Operating expenses - (191) (1) - - (192)<br />
Depreciation, depletion and amortization of tangible assets and mineral interests (75) (171) - - - (246)<br />
Operating in<strong>com</strong>e (b) (89) (362) (1) - - (452)<br />
Equity in net in<strong>com</strong>e (loss) of affiliates and other items 554 410 148 15 - 1,127<br />
Tax on net operating in<strong>com</strong>e (124) 33 (6) (71) - (168)<br />
Net operating in<strong>com</strong>e (b) 341 81 141 (56) - 507<br />
Net cost of net debt -<br />
Non-controlling interests 6<br />
Net in<strong>com</strong>e 513<br />
(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.<br />
(b) Of which inventory valuation effect<br />
On operating in<strong>com</strong>e - (121) 9 -<br />
On net operating in<strong>com</strong>e - (93) 3 -<br />
(c) Of which equity share of adjustments related to Sanofi - - - -<br />
3 rd quarter 2011 (adjusted)<br />
(M€) (a)<br />
Upstream<br />
Refining<br />
Chemicals<br />
Supply<br />
Marketing<br />
Corporate Inter<strong>com</strong>pany <strong>Total</strong><br />
Non-Group sales 4,784 19,267 22,124 2 - 46,177<br />
Intersegment sales 6,571 11,190 218 45 (18,024) -<br />
Excise taxes - (502) (4,136) - - (4,638)<br />
Revenues from sales 11,355 29,955 18,206 47 (18,024) 41,539<br />
Operating expenses (4,904) (29,348) (17,765) (136) 18,024 (34,129)<br />
Depreciation, depletion and amortization of tangible assets and mineral interests (1,187) (302) (129) (9) - (1,627)<br />
Adjusted operating in<strong>com</strong>e 5,264 305 312 (98) - 5,783<br />
Equity in net in<strong>com</strong>e (loss) of affiliates and other items 420 86 (30) 9 - 485<br />
Tax on net operating in<strong>com</strong>e (3,296) (24) (87) 112 - (3,295)<br />
Adjusted net operating in<strong>com</strong>e 2,388 367 195 23 - 2,973<br />
Net cost of net debt (133)<br />
Non-controlling interests (39)<br />
Ajusted net in<strong>com</strong>e 2,801<br />
Adjusted fully-diluted earnings per share (€) 1.24<br />
(a) Except for per share amounts.<br />
3 rd quarter 2011<br />
(M€)<br />
Upstream<br />
Refining<br />
Chemicals<br />
Supply<br />
Marketing<br />
Corporate Inter<strong>com</strong>pany <strong>Total</strong><br />
<strong>Total</strong> expenditures 3,426 423 48 24 - 3,921<br />
<strong>Total</strong> divestments 936 2,422 1,380 344 - 5,082<br />
Cash flow from operating activities 4,042 * 1,557 516 (151) * - 5,964<br />
* Reclassification of inter<strong>com</strong>pany transactions between Upstream and Corporate for €823 million with no impact on the total of cash flow from operating activities