SAIPEM SPA
Italy
Saipem doesn't mind being in deep water, extreme environments, and remote areas. The Milan-based firm provides construction and drilling services to oil and gas companies worldwide. It is organized into two major business units: Engineering and Construction (most of revenue) and Drilling. To help oil and gas companies with field development, it installs fixed platforms and floating production systems. Saipem is a leader in providing engineering, procurement, project management, and construction services with a preference for large-scale offshore and onshore projects. Its fleet of onshore drilling rigs numbers approximately 85 units. More than a-third of the company's total revenue comes from the Middle East. Saipem was established in 1957.
Financial Statements
Financial data as of December 31, 2020 (12 month period) in USD
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| Cash Flow (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Net Operating Cash | $145.46 | $1,486.57 | $840.85 |
| Net Investing Cash | -$547.56 | -$610.24 | -$651.63 |
| Net Financing Cash | -$281.47 | -$92.25 | -$296.84 |
| Net Change in Cash | -$683.56 | $784.08 | -$107.62 |
| Cash at Beginning of Period | $2,686.94 | $1,979.72 | $2,070.79 |
| Cash at End of Period | $1,995.1 | $2,686.94 | $1,979.72 |
| Capital Expenditure | -$380.81 | -$397.36 | -$573.58 |
| Assets (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $1,794.05 | $2,686.94 | $1,875.65 |
| Accounts Receivable | $1,966.72 | $2,653.82 | $2,710.59 |
| Inventories | $331.14 | $358.34 | $358.34 |
| Other Current Assets | $3,489.94 | $2,593.51 | $2,400.74 |
| Asset Summary | |||
| TOTAL CURRENT ASSETS | $7,581.85 | $8,292.61 | $7,345.32 |
| Tangible Fixed Assets | $4,224.36 | $5,573.74 | $5,116.06 |
| Intangible Assets | $41.39 | $36.66 | $41.39 |
| Total Assets | $13,318.79 | $15,384.85 | $13,809.58 |
| Liabilities (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $2,593.51 | $2,675.11 | $2,805.2 |
| Short-Term Debt | $541.64 | $482.51 | $360.7 |
| Other Current Liabilities | $2,663.29 | $2,996.79 | $2,073.15 |
| Liability Summary | |||
| Total Current Liabilities | $5,798.44 | $6,154.41 | $5,239.06 |
| Long-Term Debt | $3,047.64 | $3,157.62 | $3,129.24 |
| Other Long-Term Liabilities | $ | $1.18 | $ |
| Total Liabilities | $9,832.39 | $10,506.49 | $9,036.48 |
| Stakeholder's Equity (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Equity | |||
| Common Stock | $2,591.14 | $2,591.14 | $2,591.14 |
| Retained Earnings | $296.84 | $1,663.96 | $1,697.08 |
| Equity Summary | |||
| Total Equity | $3,456.83 | $4,768.37 | $4,685.58 |
| Shares Outstanding | 993,444,769 | 996,253,234 | 996,221,104 |
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Company Snapshot
Essential information for a successful call
-
EMPLOYEES (This Site)
6,160
- ASSETS (MIL USD) 13,319
-
REVENUE (MIL USD)
8,682.88
- TICKER SYMBOL SPM
- Year Started 1969
- Incorporated 1969
- FISCAL YEAR END DEC
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Get in Touch with 316 Principals*
-
SILVIA MERLOPresident
-
FRANCESCO CAIOManaging Director
-
ALESSANDRA FERONEMember of the Board of Directors
-
PIER FRANCESCO RAGNIMember of the Board of Directors
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