| (in € millions) | Notes | 2022 | 2021 |
|---|---|---|---|
| Revenue (*) | Revenue (*) Notes 1-2 |
Revenue (*) 2022 61,675 |
Revenue (*) 2021 49,396 |
| Concession subsidiaries’ revenue derived from works carried out by non-Group companies | Concession subsidiaries’ revenue derived from works carried out by non-Group companies Notes
|
Concession subsidiaries’ revenue derived from works carried out by non-Group companies 2022 590 |
Concession subsidiaries’ revenue derived from works carried out by non-Group companies 2021 586 |
| Total revenue | Total revenue Notes
|
Total revenue 2022 62,265 |
Total revenue 2021 49,982 |
| Revenue from ancillary activities | Revenue from ancillary activities Notes 4 |
Revenue from ancillary activities 2022 249 |
Revenue from ancillary activities 2021 248 |
| Operating expenses | Operating expenses Notes 4 |
Operating expenses 2022 (55,691) |
Operating expenses 2021 (45,507) |
| Operating income from ordinary activities | Operating income from ordinary activities Notes 1-4 |
Operating income from ordinary activities 2022 6,824 |
Operating income from ordinary activities 2021 4,723 |
| Share-based payments (IFRS 2) | Share-based payments (IFRS 2) Notes 30 |
Share-based payments (IFRS 2) 2022 (356) |
Share-based payments (IFRS 2) 2021 (288) |
| Profit/(loss) of companies accounted for under the equity method | Profit/(loss) of companies accounted for under the equity method Notes 4-10 |
Profit/(loss) of companies accounted for under the equity method 2022 22 |
Profit/(loss) of companies accounted for under the equity method 2021 12 |
| Other recurring operating items | Other recurring operating items Notes 4 |
Other recurring operating items 2022 (9) |
Other recurring operating items 2021 17 |
| Recurring operating income | Recurring operating income Notes 4 |
Recurring operating income 2022 6,481 |
Recurring operating income 2021 4,464 |
| Non-recurring operating items | Non-recurring operating items Notes 4 |
Non-recurring operating items 2022 8 |
Non-recurring operating items 2021 (26) |
| Operating income | Operating income Notes 4 |
Operating income 2022 6,489 |
Operating income 2021 4,438 |
| Cost of gross financial debt | Cost of gross financial debt Notes
|
Cost of gross financial debt 2022 (750) |
Cost of gross financial debt 2021 (674) |
| Financial income from cash investments | Financial income from cash investments Notes
|
Financial income from cash investments 2022 136 |
Financial income from cash investments 2021 17 |
| Cost of net financial debt | Cost of net financial debt Notes 5 |
Cost of net financial debt 2022 (614) |
Cost of net financial debt 2021 (658) |
| Other financial income and expense | Other financial income and expense Notes 6 |
Other financial income and expense 2022 279 |
Other financial income and expense 2021 40 |
| Income tax expense | Income tax expense Notes 7 |
Income tax expense 2022 (1,737) |
Income tax expense 2021 (1,625) |
| Net income | Net income Notes
|
Net income 2022 4,417 |
Net income 2021 2,195 |
| Net income attributable to non-controlling interests | Net income attributable to non-controlling interests Notes 23.5 |
Net income attributable to non-controlling interests 2022 157 |
Net income attributable to non-controlling interests 2021 (402) |
| Net income attributable to owners of the parent | Net income attributable to owners of the parent Notes
|
Net income attributable to owners of the parent 2022 4,259 |
Net income attributable to owners of the parent 2021 2,597 |
| Basic earnings per share (in €) | Basic earnings per share (in €)Notes 8 |
Basic earnings per share (in €)2022 7.55 |
Basic earnings per share (in €)2021 4.56 |
| Diluted earnings per share (in €) | Diluted earnings per share (in €)Notes 8 |
Diluted earnings per share (in €)2022 7.47 |
Diluted earnings per share (in €)2021 4.51 |
(*) Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies.
| (in € millions) | 2022 | 2021 |
|---|---|---|
| Net income | Net income 2022 4,417 |
Net income 2021 2,195 |
| Changes in fair value of cash flow and net investment hedging instruments (*) | Changes in fair value of cash flow and net investment hedging instruments (*)2022 514 |
Changes in fair value of cash flow and net investment hedging instruments (*)2021 (138) |
| Hedging costs | Hedging costs 2022 11 |
Hedging costs 2021 (5) |
| Tax (**) | Tax (**)2022 (110) |
Tax (**)2021 (50) |
| Currency translation differences | Currency translation differences 2022 22 |
Currency translation differences 2021 527 |
| Share of profit/(loss) of companies accounted for under the equity method, net | Share of profit/(loss) of companies accounted for under the equity method, net 2022 359 |
Share of profit/(loss) of companies accounted for under the equity method, net 2021 115 |
| Other comprehensive income that may be recycled subsequently to net income | Other comprehensive income that may be recycled subsequently to net income 2022 795 |
Other comprehensive income that may be recycled subsequently to net income 2021 449 |
| Actuarial gains and losses on retirement benefit obligations | Actuarial gains and losses on retirement benefit obligations 2022 362 |
Actuarial gains and losses on retirement benefit obligations 2021 165 |
| Tax | Tax 2022 (97) |
Tax 2021 (37) |
| Share of profit/(loss) of companies accounted for under the equity method, net | Share of profit/(loss) of companies accounted for under the equity method, net 2022 2 |
Share of profit/(loss) of companies accounted for under the equity method, net 2021 – |
| Other comprehensive income that may not be recycled subsequently to net income | Other comprehensive income that may not be recycled subsequently to net income 2022 266 |
Other comprehensive income that may not be recycled subsequently to net income 2021 129 |
| Total other comprehensive income recognised directly in equity | Total other comprehensive income recognised directly in equity 2022 1,061 |
Total other comprehensive income recognised directly in equity 2021 578 |
| Comprehensive income | Comprehensive income 2022 5,478 |
Comprehensive income 2021 2,773 |
| of which attributable to owners of the parent | of which attributable to owners of the parent 2022 5,361 |
of which attributable to owners of the parent 2021 3,046 |
| of which attributable to non-controlling interests | of which attributable to non-controlling interests 2022 117 |
of which attributable to non-controlling interests 2021 (274) |
(*) Changes in the fair value of cash flow hedges are recognised in equity for the effective portion. Cumulative gains and losses in equity are taken to profit or loss at the time when the cash flow affects profit or loss.
In 2022, those changes consisted of a positive €423 million impact related to cash flow hedges and a positive €90 million impact related to net investment hedges.
(**) Tax effects relating to changes in the fair value of cash flow hedging financial instruments (effective portion) and hedging costs.
