Overview
Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. The company is present in more than 50 countries, with eight fabrication yards and a marine fleet composed of about 20 construction vessels and some 15 drilling vessels, of which eight are owned by Saipem. Founded in 1957, Saipem specializes in the management of complex projects, from design to decommissioning,
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Read More in extreme environments, remote areas, and deep waters. Nearly 35% of the company's revenue comes from the Middle East.
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Read More in extreme environments, remote areas, and deep waters. Nearly 35% of the company's revenue comes from the Middle East.
Read Less
ELISABETTA SERAFIN
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Actual
$15.39 billion
Actual
22.44%
70.95%
$14,519
DEC
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Italian:SPM
Contacts
Get in Touch with 230 Principals*
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ELISABETTA SERAFINPresident
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Financial Statements
Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Find out more.
Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$15.39 billion
USD
Actual
1 USD = 0.9456 EUR
All financial statement data is in millions except per share data | Source: Morningstar
Cash Flow (mil) | 2024 | 2023 | 2022 |
---|---|---|---|
Net Operating Cash | $1,122 | $620 | -$504 |
Net Investing Cash | -$573 | -$185 | $5 |
Net Financing Cash | -$575 | -$298 | $921 |
Net Change in Cash | -$26 | $136 | $422 |
Cash at Beginning of Period | $2,259 | $2,170 | $1,726 |
Cash at End of Period | $2,282 | $2,259 | $2,170 |
Capital Expenditure | -$356 | -$510 | -$553 |
Assets (mil) | 2024 | 2023 | 2022 |
---|---|---|---|
Current Assets | |||
Cash and Cash Equivalents | $1,491 | $2,259 | $2,170 |
Accounts Receivable | $3,026 | $2,016 | $1,772 |
Inventories | $328 | $271 | $223 |
Other Current Assets | $5,481 | $4,052 | $4,123 |
Asset Summary | |||
Total Current Assets | $10,326 | $8,598 | $8,289 |
Tangible Fixed Assets | $3,674 | $3,583 | $3,317 |
Intangible Assets | $29 | $26 | $30 |
Total Assets | $14,519 | $12,865 | $12,397 |
Liabilities (mil) | 2024 | 2023 | 2022 |
---|---|---|---|
Current Liabilities | |||
Accounts Payable | $3,774 | $2,821 | $2,781 |
Short-Term Debt | $467 | $238 | $953 |
Other Current Liabilities | $4,815 | $4,217 | $3,625 |
Liability Summary | |||
Total Current Liabilities | $9,056 | $7,277 | $7,359 |
Long-Term Debt | $1,842 | $2,293 | $1,828 |
Other Long-Term Liabilities | $2 | $1 | $ |
Total Liabilities | $12,685 | $11,071 | $10,904 |
Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
---|---|---|---|
Equity | |||
Common Stock | $531 | $531 | $531 |
Retained Earnings | $667 | $334 | -$125 |
Equity Summary | |||
Total Equity | $2,669 | $2,532 | $2,187 |
Shares Outstanding | 1,957,188,327 | 1,995,160,142 | 1,995,142,834 |