Tenaris sa (TS)
Income statement / Yearly
Dec'17Dec'16Dec'15
Continuing operations
Net sales

5,288

4,293

6,903

Cost of sales

3,685

3,165

4,747

Gross profit

1,603

1,127

2,155

Selling, general and administrative expenses

1,270

1,196

1,593

Other operating income

10

21

14

Other operating expenses

9

11

410

Operating income

334

-59

165

Finance Income

47

66

34

Finance Cost

27

22

23

Other financial results

-43

-21

3

Income (loss) before equity in earnings of non-consolidated companies and income tax

311

-37

180

Equity in earnings of non-consolidated companies

116

71

-39

Income before income tax

427

34

140

Income tax

-17

17

234

Income (loss) for continuing operations

444

17

-93

Discontinued operations:
Result for discontinued operations

91

41

19

Income (loss) for the year

536

58

-74

Attributable to:
Owners of the parent

544

55

-80

Non-controlling interests

-8

3

5

Income (loss) for the year

536

58

-74

Earnings per share attributable to the owners of the parent during the year:
Weighted average number of ordinary shares (thousands) (in shares)

1,180

1,180

1,180

Basic and diluted earnings (losses) per share (in dollars per share)

0.38

0.01

-0.08

Basic and diluted earnings (losses) per ADS (U.S. dollars per ADS) (*) (in dollars per share)

0.77

0.02

-0.17

Continuing and discontinued operations
Basic and diluted earnings (losses) per share (in dollars per share)

0.46

0.05

-0.07

Basic and diluted earnings (losses) per ADS (U.S. dollars per ADS) (*) (in dollars per share)

0.92

0.09

-0.14