Consolidated financial data

Consolidated statement of income

$ million

 

2015

2014

2013

2012

2011

Revenue

264,960

421,105

451,235

467,153

470,171

Share of profit of joint ventures and associates

3,527

6,116

7,275

8,948

8,737

Interest and other income

3,669

4,123

1,089

5,599

5,581

Total revenue and other income

272,156

431,344

459,599

481,700

484,489

Purchases

194,644

327,278

353,199

369,725

370,044

Production and manufacturing expenses

28,095

30,038

28,386

26,215

26,553

Selling, distribution and administrative expenses

11,956

13,965

14,675

14,465

14,359

Research and development

1,093

1,222

1,318

1,307

1,123

Exploration

5,719

4,224

5,278

3,104

2,266

Depreciation, depletion and amortisation

26,714

24,499

21,509

14,615

13,228

Interest expense

1,888

1,804

1,642

1,757

1,373

Total expenditure

270,109

403,030

426,007

431,188

428,946

Income before taxation

2,047

28,314

33,592

50,512

55,543

Taxation (credit)/charge

(153)

13,584

17,066

23,552

24,450

Income for the period

2,200

14,730

16,526

26,960

31,093

Income/(loss) attributable to non-controlling interest

261

(144)

155

248

267

Income attributable to Royal Dutch Shell plc shareholders

1,939

14,874

16,371

26,712

30,826

Reconciliation of CCS earnings attributable to shareholders to income attributable to shareholders

$ million

 

2015

2014

2013

2012

2011

[A]

Attributable to shareholders.

attributable to shareholders

3,842

19,041

16,745

27,164

28,533

CCS adjustment for Downstream [A]

(1,903)

(4,167)

(374)

(452)

2,293

Income attributable to Royal Dutch Shell plc shareholders

1,939

14,874

16,371

26,712

30,826

Earnings per share [A]

$

 

2015

2014

2013

2012

2011

[A]

Ordinary shares of €0.07 each.

Basic earnings per share

0.31

2.36

2.60

4.27

4.97

Diluted earnings per share

0.30

2.36

2.60

4.26

4.96

Shares

Million

 

2015

2014

2013

2012

2011

Basic weighted average number of A and B shares

6,320.3

6,311.5

6,291.1

6,261.2

6,212.5

Diluted weighted average number of A and B shares

6,393.8

6,311.6

6,293.4

6,267.8

6,221.7

Shares outstanding at the end of the period

6,397.5

6,295.0

6,295.4

6,305.9

6,220.1

Consolidated balance sheet (at December 31)

$ million

 

2015

2014

2013

2012

2011

Assets

 

 

 

 

 

Non-current assets

 

 

 

 

 

Intangible assets

6,283

7,076

4,394

4,470

4,521

Property, plant and equipment

182,838

192,472

191,897

172,293

152,081

Joint ventures and associates

30,150

31,558

34,613

38,350

37,990

Investments in securities

3,416

4,115

4,715

4,867

5,492

Deferred tax

11,033

8,131

5,785

4,288

4,943

Retirement benefits

4,362

1,682

3,574

2,301

3,414

Trade and other receivables

8,717

8,304

9,191

8,991

9,256

 

246,799

253,338

254,169

235,560

217,697

Current assets

 

 

 

 

 

Inventories

15,822

19,701

30,009

30,781

28,976

Trade and other receivables

45,784

58,470

63,638

65,403

79,509

Cash and cash equivalents

31,752

21,607

9,696

18,550

11,292

 

93,358

99,778

103,343

114,734

119,777

Total assets

340,157

353,116

357,512

350,294

337,474

Liabilities

 

 

 

 

 

Non-current liabilities

 

 

 

 

 

Debt

52,849

38,332

36,218

29,921

30,463

Trade and other payables

4,528

3,582

4,065

4,175

4,921

Deferred tax

8,976

12,052

11,943

10,312

10,096

Retirement benefits

12,587

16,318

11,182

15,290

13,738

Decommissioning and other provisions

26,148

23,834

19,698

17,435

15,631

 

105,088

94,118

83,106

77,133

74,849

Current liabilities

 

 

 

 

 

Debt

5,530

7,208

8,344

7,833

6,712

Trade and other payables

52,770

64,864

70,112

72,839

81,846

Taxes payable

8,233

9,797

11,173

12,684

10,606

Retirement benefits

350

377

382

402

387

Decommissioning and other provisions

4,065

3,966

3,247

3,221

3,108

 

70,948

86,212

93,258

96,979

102,659

Total liabilities

176,036

180,330

176,364

174,112

177,508

Equity

 

 

 

 

 

Share capital

546

540

542

542

536

Shares held in trust

(584)

(1,190)

(1,932)

(2,287)

(2,990)

Other reserves

(17,186)

(14,365)

(2,037)

(3,752)

(1,961)

Retained earnings

180,100

186,981

183,474

180,246

162,895

Equity attributable to Royal Dutch Shell plc shareholders

162,876

171,966

180,047

174,749

158,480

Non-controlling interest

1,245

820

1,101

1,433

1,486

Total equity

164,121

172,786

181,148

176,182

159,966

Total liabilities and equity

340,157

353,116

357,512

350,294

337,474

Consolidated statement of cash flows

$ million

 

2015

2014

2013

2012

2011

[A]

Reflects a minor change to the definition with effect from 2015 which has no overall impact on net cash from investing activities. Comparative information has been reclassified.

Cash flow from operating activities

 

 

 

 

 

Income for the period

2,200

14,730

16,526

26,960

31,093

Adjustment for:

 

 

 

 

 

Current tax

7,058

13,757

18,582

22,722

23,009

Interest expense (net)

1,529

1,598

1,448

1,543

1,164

Depreciation, depletion and amortisation

26,714

24,499

21,509

14,615

13,228

Net gains on sale of non-current assets and businesses

(3,460)

(3,212)

(382)

(4,228)

(4,485)

Decrease/(increase) in working capital

5,521

6,405

2,988

3,391

(6,471)

Decrease/(increase) in inventories

2,827

7,958

608

(1,746)

(1,930)

Decrease/(increase) in accounts receivable

9,852

(1,541)

5,648

14,145

(10,109)

(Decrease)/increase in accounts payable and accrued liabilities

(7,158)

(12)

(3,268)

(9,008)

5,568

Share of profit of joint ventures and associates

(3,527)

(6,116)

(7,275)

(8,948)

(8,737)

Dividends received from joint ventures and associates

4,627

6,902

7,117

10,573

9,681

Deferred tax, retirement benefits, decommissioning and other provisions

(5,827)

(1,720)

(2,701)

341

1,860

Other

2,648

2,500

2,937

201

(949)

Net cash from operating activities (pre-tax)

37,483

59,343

60,749

67,170

59,393

Tax paid

(7,673)

(14,299)

(20,309)

(21,030)

(22,622)

Net cash from operating activities

29,810

45,044

40,440

46,140

36,771

Cash flow from investing activities

 

 

 

 

 

Capital expenditure [A]

(26,131)

(31,676)

(39,975)

(33,184)

(26,091)

Investments in joint ventures and associates

(896)

(1,426)

(1,538)

(3,028)

(1,886)

Proceeds from sale of property, plant and equipment and businesses

4,720

9,873

1,212

6,346

6,990

Proceeds from sale of joint ventures and associates

276

4,163

538

698

468

Interest received

288

174

175

193

196

Other [A]

(664)

(765)

(558)

522

(120)

Net cash used in investing activities

(22,407)

(19,657)

(40,146)

(28,453)

(20,443)

Cash flow from financing activities

 

 

 

 

 

Net increase/(decrease) in debt with maturity period within three months

(586)

(3,332)

3,126

(165)

(3,724)

Other debt:

 

 

 

 

 

New borrowings

21,500

7,778

9,146

5,108

1,249

Repayments

(6,023)

(4,089)

(6,877)

(4,960)

(4,649)

Interest paid

(1,742)

(1,480)

(1,307)

(1,428)

(1,665)

Change in non-controlling interest

598

989

(51)

23

8

Cash dividends paid to:

 

 

 

 

 

Royal Dutch Shell plc shareholders

(9,370)

(9,444)

(7,198)

(7,390)

(6,877)

Non-controlling interest

(117)

(116)

(252)

(292)

(438)

Repurchases of shares

(409)

(3,328)

(5,000)

(1,492)

(1,106)

Shares held in trust: net (purchases)/sales and dividends received

(39)

232

(565)

(34)

(929)

Net cash from/(used in) financing activities

3,812

(12,790)

(8,978)

(10,630)

(18,131)

Currency translation differences relating to cash and cash equivalents

(1,070)

(686)

(170)

201

(349)

(Decrease)/increase in cash and cash equivalents

10,145

11,911

(8,854)

7,258

(2,152)

Cash and cash equivalents at January 1

21,607

9,696

18,550

11,292

13,444

Cash and cash equivalents at December 31

31,752

21,607

9,696

18,550

11,292

CCS earnings
earnings on a current cost of supplies basis
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