TENARIS SA | CIK:0001190723 | 3

  • Filed: 4/30/2018
  • Entity registrant name: TENARIS SA (CIK: 0001190723)
  • Generator: Thunderdome
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1190723/000117184318003182/0001171843-18-003182-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1190723/000117184318003182/ts-20171231.xml
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    • ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory

    (all amounts in thousands of US dollars, unless otherwise stated)   2017     2016     2015  
    Net sales    
    11,899
    		      
    234,911
    		      
    197,630
    		  
    Cost of sales    
    (7,403
    		 )    
    (136,587
    		 )    
    (137,318
    		 )
    Gross profit    
    4,496
    		      
    98,324
    		      
    60,312
    		  
    Selling, general and administrative expenses    
    (2,041
    		 )    
    (32,238
    		 )    
    (30,678
    		 )
    Other operating income & expenses    
    (1
    		 )    
    (248
    		 )    
    (1
    		 )
    Operating income    
    2,454
    		      
    65,838
    		      
    29,633
    		  
    Finance Income (expenses), net    
    (9
    		 )    
    (88
    		 )    
    (382
    		 )
    Income before income tax    
    2,445
    		      
    65,750
    		      
    29,251
    		  
    Income tax    
    (597
    		 )    
    (24,339
    		 )    
    (10,121
    		 )
    Net income    
    1,848
    		      
    41,411
    		      
    19,130
    		  
                             
    Earnings per share attributable to discontinued operations:                        
    Weighted average number of ordinary shares (thousands)    
    1,180,537
    		      
    1,180,537
    		      
    1,180,537
    		  
    Discontinued operations:                        
    Basic and diluted earnings per share (U.S. dollars per share)    
    0.00
    		      
    0.04
    		      
    0.02
    		  
    Basic and diluted earnings per ADS (U.S. dollars per ADS)    
    0.00
    		      
    0.07
    		      
    0.03
    		  
        2017     2016     2015  
    Cash at the beginning    
    18,820
    		      
    15,343
    		      
    13,848
    		  
    Cash at the end    
    206
    		      
    18,820
    		      
    15,343
    		  
    (Decrease) Increase in cash    
    (18,614
    		 )    
    3,477
    		      
    1,495
    		  
                             
    (Used in) provided by operating activities    
    (3,046
    		 )    
    24,535
    		      
    42,701
    		  
    Provided by (used in) investing activities    
    32
    		      
    (1,058
    		 )    
    (1,206
    		 )
    Used in financing activities    
    (15,600
    		 )    
    (20,000
    		 )    
    (40,000
    		 )
    ASSETS   At January 19, 2017     At December 31, 2016  
    Non-current assets                                
    Property, plant and equipment, net    
    41,438
    		      
     
    		      
    41,470
    		      
     
    		  
    Intangible assets, net (*)    
    45,894
    		      
    87,332
    		      
    45,894
    		      
    87,364
    		  
    Current assets                                
    Inventories, net    
    29,349
    		      
     
    		      
    29,819
    		      
     
    		  
    Receivables and prepayments, net    
    1,157
    		      
     
    		      
    451
    		      
     
    		  
    Trade receivables, net    
    38,620
    		      
     
    		      
    33,620
    		      
     
    		  
    Cash and cash equivalents    
    206
    		      
    69,332
    		      
    163
    		      
    64,053
    		  
    Total assets of disposal group classified as held for sale    
     
    		      
    156,664
    		      
     
    		      
    151,417
    		  
    LIABILITIES                                
    Non-current liabilities                                
    Deferred tax liabilities    
    5,294
    		      
     
    		      
    4,696
    		      
     
    		  
    Other liabilities    
    -
    		      
    5,294
    		      
    680
    		      
    5,376
    		  
    Current liabilities                                
    Current tax liabilities    
    65
    		      
     
    		      
    4,100
    		      
     
    		  
    Other liabilities    
    2,913
    		      
     
    		      
    1,668
    		      
     
    		  
    Trade payables    
    10,578
    		      
    13,556
    		      
    6,950
    		      
    12,718
    		  
    Total liabilities of disposal group classified as held for sale    
     
    		      
    18,850
    		      
     
    		      
    18,094