Annual Report 2023

Financial statements

Financial statements

As of December 31, 2023

Consolidated income statement (summarized)

(in millions of euros) 2022 2023
Revenue Revenue

2022

Revenue

2022

29,934
Revenue

2023

Revenue

2023

27,608
Operating costs

Operating costs

2022

Operating costs

2022

less

-22,606

Operating costs

2023

Operating costs

2023

less

-20,058

Operating profit before depreciation Operating profit before depreciation

2022

Operating profit before depreciation

2022

7,328
Operating profit before depreciation

2023

Operating profit before depreciation

2023

7,550
Depreciation and amortization

Depreciation and amortization

2022

Depreciation and amortization

2022

less

-2,466

Depreciation and amortization

2023

Depreciation and amortization

2023

less

-2,482

Operating income recurring Operating income recurring

2022

Operating income recurring

2022

4,862
Operating income recurring

2023

Operating income recurring

2023

5,068
Other non-recurring operating income & expenses

Other non-recurring operating income & expenses

2022

Other non-recurring operating income & expenses

2022

less

-571

Other non-recurring operating income & expenses

2023

Other non-recurring operating income & expenses

2023

less

-496

Operating income Operating income

2022

Operating income

2022

4,291
Operating income

2023

Operating income

2023

4,572
Net financial costs and other net financial expenses

Net financial costs and other net financial expenses

2022

Net financial costs and other net financial expenses

2022

less

-386

Net financial costs and other net financial expenses

2023

Net financial costs and other net financial expenses

2023

less

-416

Income taxes

Income taxes

2022

Income taxes

2022

less

-1,002

Income taxes

2023

Income taxes

2023

less

-972

Share of profit of associates

Share of profit of associates

2022

Share of profit of associates

2022

1

Share of profit of associates

2023

Share of profit of associates

2023

4

Profit for the period Profit for the period

2022

Profit for the period

2022

2,904
Profit for the period

2023

Profit for the period

2023

3,188
less- Minority interests less

- Minority interests

2022

less

- Minority interests

2022

145

less

- Minority interests

2023

less

- Minority interests

2023

110

less- Net profit (Group share) less- Net profit (Group share)

2022

less- Net profit (Group share)

2022

2,759
less- Net profit (Group share)

2023

less- Net profit (Group share)

2023

3,078
Basic earnings per share (in €)

Basic earnings per share (in €)

2022

Basic earnings per share (in €)

2022

5.28

Basic earnings per share (in €)

2023

Basic earnings per share (in €)

2023

5.90

Consolidated Balance Sheet (summarized)

Assets (in millions of euros) 12/31/2022 12/31/2023
Goodwill

Goodwill

12/31/2022

Goodwill

12/31/2022

14,587

Goodwill

12/31/2023

Goodwill

12/31/2023

14,194

Fixed assets

Fixed assets

12/31/2022

Fixed assets

12/31/2022

25,458

Fixed assets

12/31/2023

Fixed assets

12/31/2023

25,283

Other non-current assets*

Other non-current assets*

12/31/2022

Other non-current assets*

12/31/2022

1,235

Other non-current assets*

12/31/2023

Other non-current assets*

12/31/2023

1,137

Total non-current assets Total non-current assets12/31/2022Total non-current assets12/31/202241,280 Total non-current assets12/31/2023Total non-current assets12/31/202340,614
Inventories & work in-progress

Inventories & work in-progress

12/31/2022

Inventories & work in-progress

12/31/2022

1,961

Inventories & work in-progress

12/31/2023

Inventories & work in-progress

12/31/2023

2,028

Trade receivables & other current assets*

Trade receivables & other current assets*

12/31/2022

Trade receivables & other current assets*

12/31/2022

4,324

Trade receivables & other current assets*

12/31/2023

Trade receivables & other current assets*

12/31/2023

3,970

Cash and cash equivalents

Cash and cash equivalents

12/31/2022

Cash and cash equivalents

12/31/2022

1,911

Cash and cash equivalents

12/31/2023

Cash and cash equivalents

12/31/2023

1,625

Total current assets Total current assets12/31/2022Total current assets12/31/20228,196 Total current assets12/31/2023Total current assets12/31/20237,623
Assets held for sale

Assets held for sale

12/31/2022

Assets held for sale

12/31/2022

42

Assets held for sale

12/31/2023

Assets held for sale

12/31/2023

95

Total assets Total assets12/31/2022Total assets12/31/202249,518 Total assets12/31/2023Total assets12/31/202348,332
Equity and Liabilities (in millions of euros) 12/31/2022 12/31/2023
Shareholders’ equity

Shareholders’ equity

12/31/2022

Shareholders’ equity

12/31/2022

23,736

Shareholders’ equity

12/31/2023

Shareholders’ equity

12/31/2023

24,321

Minority interests

Minority interests

12/31/2022

Minority interests

12/31/2022

836

Minority interests

12/31/2023

Minority interests

12/31/2023

722

Total equity Total equity12/31/2022Total equity12/31/202224,572 Total equity12/31/2023Total equity12/31/202325,043
Provisions

Provisions

12/31/2022

Provisions

12/31/2022

1,991

Provisions

12/31/2023

Provisions

12/31/2023

2,005

Non-current borrowings

Non-current borrowings

12/31/2022

Non-current borrowings

12/31/2022

10,169

Non-current borrowings

12/31/2023

Non-current borrowings

12/31/2023

8,560

Non-current lease liabilities

Non-current lease liabilities

12/31/2022

Non-current lease liabilities

12/31/2022

1,052

Non-current lease liabilities

12/31/2023

Non-current lease liabilities

12/31/2023

1,046

Other non-current liabilities*

Other non-current liabilities*

12/31/2022

Other non-current liabilities*

12/31/2022

2,838

Other non-current liabilities*

12/31/2023

Other non-current liabilities*

12/31/2023

2,832

Total equity and non current liabilities Total equity and non current liabilities12/31/2022Total equity and non current liabilities12/31/202240,622 Total equity and non current liabilities12/31/2023Total equity and non current liabilities12/31/202339,486
Provisions

Provisions

12/31/2022

Provisions

12/31/2022

282

Provisions

12/31/2023

Provisions

12/31/2023

364

Trade payables & other current liabilities*

Trade payables & other current liabilities*

12/31/2022

Trade payables & other current liabilities*

12/31/2022

6,367

Trade payables & other current liabilities*

12/31/2023

Trade payables & other current liabilities*

12/31/2023

5,933

Current lease liabilities

Current lease liabilities

12/31/2022

Current lease liabilities

12/31/2022

228

Current lease liabilities

12/31/2023

Current lease liabilities

12/31/2023

220

Current borrowings

Current borrowings

12/31/2022

Current borrowings

12/31/2022

2,004

Current borrowings

12/31/2023

Current borrowings

12/31/2023

2,285

Total current liabilities Total current liabilities12/31/2022Total current liabilities12/31/20228,881 Total current liabilities12/31/2023Total current liabilities12/31/20238,802
Liabilities held for sale

Liabilities held for sale

12/31/2022

Liabilities held for sale

12/31/2022

15

Liabilities held for sale

12/31/2023

Liabilities held for sale

12/31/2023

44

Total equity and liabilities Total equity and liabilities12/31/2022Total equity and liabilities12/31/202249,518 Total equity and liabilities12/31/2023Total equity and liabilities12/31/202348,332

* Including fair value of derivative.