Petroleo Brasileiro S.A. Petrobras Financials
This page shows Petroleo Brasileiro S.A. Petrobras (PBR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2010 annual data. Scores normalized against common benchmarks. How we calculate these scores
Petroleo Brasileiro S.A. Petrobras has an operating margin of 16.0%, meaning the company retains $16 of operating profit per $100 of revenue. This results in a moderate score of 58/100, indicating healthy but not exceptional operating efficiency. This is down from 18.9% the prior year.
Petroleo Brasileiro S.A. Petrobras's revenue surged 30.2% year-over-year to $150.9B, reflecting rapid business expansion. This strong growth earns a score of 84/100.
Petroleo Brasileiro S.A. Petrobras carries a low D/E ratio of 0.33, meaning only $0.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
Petroleo Brasileiro S.A. Petrobras's current ratio of 1.90 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.
While Petroleo Brasileiro S.A. Petrobras generated $28.5B in operating cash flow, capex of $45.1B consumed most of it, leaving -$16.6B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Petroleo Brasileiro S.A. Petrobras's ROE of 10.7% shows moderate profitability relative to equity, earning a score of 35/100. This is down from 17.9% the prior year.
Petroleo Brasileiro S.A. Petrobras passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Petroleo Brasileiro S.A. Petrobras generates $1.46 in operating cash flow ($28.5B OCF vs $19.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Petroleo Brasileiro S.A. Petrobras earns $27.8 in operating income for every $1 of interest expense ($24.2B vs $869.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Petroleo Brasileiro S.A. Petrobras generated $150.9B in revenue in fiscal year 2010. This represents an increase of 30.2% from the prior year.
Petroleo Brasileiro S.A. Petrobras's EBITDA was $32.7B in fiscal year 2010, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.4% from the prior year.
Petroleo Brasileiro S.A. Petrobras reported $19.5B in net income in fiscal year 2010. This represents an increase of 15.8% from the prior year.
Cash & Balance Sheet
Petroleo Brasileiro S.A. Petrobras generated -$16.6B in free cash flow in fiscal year 2010, representing cash available after capex. This represents a decrease of 62.4% from the prior year.
Petroleo Brasileiro S.A. Petrobras held $17.6B in cash against $60.5B in long-term debt as of fiscal year 2010.
Petroleo Brasileiro S.A. Petrobras had 7.44B shares outstanding in fiscal year 2010. This represents an increase of 46.7% from the prior year.
Margins & Returns
Petroleo Brasileiro S.A. Petrobras's operating margin was 16.0% in fiscal year 2010, reflecting core business profitability. This is down 2.9 percentage points from the prior year.
Petroleo Brasileiro S.A. Petrobras's net profit margin was 12.9% in fiscal year 2010, showing the share of revenue converted to profit. This is down 1.6 percentage points from the prior year.
Petroleo Brasileiro S.A. Petrobras's ROE was 10.7% in fiscal year 2010, measuring profit generated per dollar of shareholder equity. This is down 7.2 percentage points from the prior year.
Capital Allocation
Petroleo Brasileiro S.A. Petrobras invested $993.0M in research and development in fiscal year 2010. This represents an increase of 45.8% from the prior year.
Petroleo Brasileiro S.A. Petrobras invested $45.1B in capex in fiscal year 2010, funding long-term assets and infrastructure. This represents an increase of 28.3% from the prior year.
PBR Income Statement
| Metric | Q3'11 | Q2'11 | Q1'11 | Q4'10 | Q3'10 | Q2'10 | Q1'10 | Q4'09 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | $41.1B | N/A | N/A | N/A | $34.6B | N/A |
| Cost of Revenue | N/A | N/A | $19.0B | N/A | N/A | N/A | $15.3B | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | $296.0M | N/A | N/A | N/A | $217.0M | N/A |
| SG&A Expenses | N/A | N/A | $2.3B | N/A | N/A | N/A | $2.1B | N/A |
| Operating Income | N/A | N/A | $7.4B | N/A | N/A | N/A | $6.3B | N/A |
| Interest Expense | N/A | N/A | $894.0M | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | $2.0B | N/A | N/A | N/A | $1.6B | N/A |
| Net Income | N/A | N/A | $6.6B | N/A | N/A | N/A | $4.4B | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PBR Balance Sheet
| Metric | Q3'11 | Q2'11 | Q1'11 | Q4'10 | Q3'10 | Q2'10 | Q1'10 | Q4'09 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $309.0B-11.9% | $350.7B+6.1% | $330.6B+7.1% | $308.7B+3.5% | $298.1B+41.6% | $210.6B+3.1% | $204.2B+2.0% | $200.3B |
| Current Assets | $64.8B-15.5% | $76.7B+4.2% | $73.6B+15.2% | $63.9B-3.2% | $66.0B+63.8% | $40.3B-4.2% | $42.0B-1.4% | $42.6B |
| Cash & Equivalents | $17.6B-18.7% | $21.7B-16.6% | $26.0B+47.4% | $17.6B-35.8% | $27.5B+111.6% | $13.0B-11.2% | $14.6B-9.6% | $16.2B |
| Inventory | $14.7B-10.7% | $16.4B+12.3% | $14.6B+23.1% | $11.9B-5.2% | $12.5B+15.5% | $10.9B-3.5% | $11.2B+1.0% | $11.1B |
| Accounts Receivable | $11.2B-8.2% | $12.2B+10.6% | $11.0B+4.3% | $10.6B-6.3% | $11.3B+22.3% | $9.2B0.0% | $9.2B+13.7% | $8.1B |
| Goodwill | $182.0M-8.1% | $198.0M+2.1% | $194.0M+1.0% | $192.0M+36.2% | $141.0M+3.7% | $136.0M-0.7% | $137.0M-1.4% | $139.0M |
| Total Liabilities | $134.8B-8.2% | $146.9B+5.0% | $139.9B+10.0% | $127.2B+4.8% | $121.3B+7.3% | $113.0B+3.8% | $108.9B+2.5% | $106.2B |
| Current Liabilities | $35.8B-5.9% | $38.1B+3.9% | $36.6B+9.2% | $33.6B-10.5% | $37.5B+8.1% | $34.7B+4.3% | $33.2B+7.3% | $31.0B |
| Long-Term Debt | $67.5B-4.3% | $70.5B+3.6% | $68.1B+12.6% | $60.5B+11.7% | $54.1B+7.2% | $50.5B+4.6% | $48.3B-1.6% | $49.0B |
| Total Equity | $174.2B-14.5% | $203.8B+6.9% | $190.6B+5.0% | $181.5B+2.6% | $176.8B+81.3% | $97.5B+2.3% | $95.3B+1.4% | $94.1B |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PBR Cash Flow Statement
| Metric | Q3'11 | Q2'11 | Q1'11 | Q4'10 | Q3'10 | Q2'10 | Q1'10 | Q4'09 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $9.5B+1.1% | $9.4B+3.9% | $9.0B-8.5% | $9.9B+82.9% | $5.4B-30.6% | $7.8B+41.9% | $5.5B-20.9% | $6.9B |
| Capital Expenditures | $12.1B+23.3% | $9.8B-1.3% | $9.9B-15.1% | $11.7B-16.6% | $14.0B+45.8% | $9.6B-1.8% | $9.8B-9.3% | $10.8B |
| Free Cash Flow | -$2.6B-517.3% | -$421.0M+53.4% | -$903.0M+50.4% | -$1.8B+78.9% | -$8.6B-369.2% | -$1.8B+57.4% | -$4.3B-11.4% | -$3.9B |
| Investing Cash Flow | -$8.9B+25.0% | -$11.9B-68.8% | -$7.0B+66.2% | -$20.8B-0.4% | -$20.8B-78.9% | -$11.6B-17.9% | -$9.8B-2.5% | -$9.6B |
| Financing Cash Flow | -$2.2B-13.2% | -$2.0B-133.6% | $5.9B+308.9% | $1.4B-95.0% | $28.5B+1125.8% | $2.3B-25.7% | $3.1B+35.4% | $2.3B |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PBR Financial Ratios
| Metric | Q3'11 | Q2'11 | Q1'11 | Q4'10 | Q3'10 | Q2'10 | Q1'10 | Q4'09 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | 18.0% | N/A | N/A | N/A | 18.2% | N/A |
| Net Margin | N/A | N/A | 16.2% | N/A | N/A | N/A | 12.6% | N/A |
| Return on Equity | N/A | N/A | 3.5% | N/A | N/A | N/A | 4.6% | N/A |
| Return on Assets | N/A | N/A | 2.0% | N/A | N/A | N/A | 2.1% | N/A |
| Current Ratio | 1.81-0.2 | 2.010.0 | 2.01+0.1 | 1.90+0.1 | 1.76+0.6 | 1.16-0.1 | 1.27-0.1 | 1.38 |
| Debt-to-Equity | 0.39+0.0 | 0.35-0.0 | 0.36+0.0 | 0.33+0.0 | 0.31-0.2 | 0.52+0.0 | 0.51-0.0 | 0.52 |
| FCF Margin | N/A | N/A | -2.2% | N/A | N/A | N/A | -12.4% | N/A |
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Frequently Asked Questions
What is Petroleo Brasileiro S.A. Petrobras's annual revenue?
Petroleo Brasileiro S.A. Petrobras (PBR) reported $150.9B in total revenue for fiscal year 2010. This represents a 30.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Petroleo Brasileiro S.A. Petrobras's revenue growing?
Petroleo Brasileiro S.A. Petrobras (PBR) revenue grew by 30.2% year-over-year, from $115.9B to $150.9B in fiscal year 2010.
Is Petroleo Brasileiro S.A. Petrobras profitable?
Yes, Petroleo Brasileiro S.A. Petrobras (PBR) reported a net income of $19.5B in fiscal year 2010, with a net profit margin of 12.9%.
What is Petroleo Brasileiro S.A. Petrobras's EBITDA?
Petroleo Brasileiro S.A. Petrobras (PBR) had EBITDA of $32.7B in fiscal year 2010, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Petroleo Brasileiro S.A. Petrobras have?
As of fiscal year 2010, Petroleo Brasileiro S.A. Petrobras (PBR) had $17.6B in cash and equivalents against $60.5B in long-term debt.
What is Petroleo Brasileiro S.A. Petrobras's operating margin?
Petroleo Brasileiro S.A. Petrobras (PBR) had an operating margin of 16.0% in fiscal year 2010, reflecting the profitability of core business operations before interest and taxes.
What is Petroleo Brasileiro S.A. Petrobras's net profit margin?
Petroleo Brasileiro S.A. Petrobras (PBR) had a net profit margin of 12.9% in fiscal year 2010, representing the share of revenue converted into profit after all expenses.
What is Petroleo Brasileiro S.A. Petrobras's return on equity (ROE)?
Petroleo Brasileiro S.A. Petrobras (PBR) has a return on equity of 10.7% for fiscal year 2010, measuring how efficiently the company generates profit from shareholder equity.
What is Petroleo Brasileiro S.A. Petrobras's free cash flow?
Petroleo Brasileiro S.A. Petrobras (PBR) generated -$16.6B in free cash flow during fiscal year 2010. This represents a -62.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Petroleo Brasileiro S.A. Petrobras's operating cash flow?
Petroleo Brasileiro S.A. Petrobras (PBR) generated $28.5B in operating cash flow during fiscal year 2010, representing cash generated from core business activities.
What are Petroleo Brasileiro S.A. Petrobras's total assets?
Petroleo Brasileiro S.A. Petrobras (PBR) had $308.7B in total assets as of fiscal year 2010, including both current and long-term assets.
What are Petroleo Brasileiro S.A. Petrobras's capital expenditures?
Petroleo Brasileiro S.A. Petrobras (PBR) invested $45.1B in capital expenditures during fiscal year 2010, funding long-term assets and infrastructure.
How much does Petroleo Brasileiro S.A. Petrobras spend on research and development?
Petroleo Brasileiro S.A. Petrobras (PBR) invested $993.0M in research and development during fiscal year 2010.
What is Petroleo Brasileiro S.A. Petrobras's current ratio?
Petroleo Brasileiro S.A. Petrobras (PBR) had a current ratio of 1.90 as of fiscal year 2010, which is generally considered healthy.
What is Petroleo Brasileiro S.A. Petrobras's debt-to-equity ratio?
Petroleo Brasileiro S.A. Petrobras (PBR) had a debt-to-equity ratio of 0.33 as of fiscal year 2010, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Petroleo Brasileiro S.A. Petrobras's return on assets (ROA)?
Petroleo Brasileiro S.A. Petrobras (PBR) had a return on assets of 6.3% for fiscal year 2010, measuring how efficiently the company uses its assets to generate profit.
What is Petroleo Brasileiro S.A. Petrobras's Piotroski F-Score?
Petroleo Brasileiro S.A. Petrobras (PBR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Petroleo Brasileiro S.A. Petrobras's earnings high quality?
Petroleo Brasileiro S.A. Petrobras (PBR) has an earnings quality ratio of 1.46x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Petroleo Brasileiro S.A. Petrobras cover its interest payments?
Petroleo Brasileiro S.A. Petrobras (PBR) has an interest coverage ratio of 27.8x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Petroleo Brasileiro S.A. Petrobras?
Petroleo Brasileiro S.A. Petrobras (PBR) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.