| (in € millions) | Note(s) | 2023 | 2022 |
|---|---|---|---|
| Revenue (*) | Revenue (*) Note(s)1-2 | Revenue (*) 202368,838 | Revenue (*) 202261,675 |
| Concession subsidiaries’ revenue derived from works carried out by non-Group companies | Concession subsidiaries’ revenue derived from works carried out by non-Group companies Note(s)
|
Concession subsidiaries’ revenue derived from works carried out by non-Group companies 2023780 |
Concession subsidiaries’ revenue derived from works carried out by non-Group companies 2022590 |
| Total revenue | Total revenue Note(s)
|
Total revenue 202369,619 |
Total revenue 202262,265 |
| Revenue from ancillary activities | Revenue from ancillary activities Note(s)4 |
Revenue from ancillary activities 2023267 |
Revenue from ancillary activities 2022249 |
| Operating expenses | Operating expenses Note(s)4 |
Operating expenses 2023(61,529) |
Operating expenses 2022(55,691) |
| Operating income from ordinary activities | Operating income from ordinary activitiesNote(s)1-4 | Operating income from ordinary activities20238,357 | Operating income from ordinary activities20226,824 |
| Share-based payments (IFRS 2) | Share-based payments (IFRS 2) Note(s)30 |
Share-based payments (IFRS 2) 2023(360) |
Share-based payments (IFRS 2) 2022(356) |
| Profit/(loss) of companies accounted for under the equity method | Profit/(loss) of companies accounted for under the equity method Note(s)4-10 |
Profit/(loss) of companies accounted for under the equity method 2023111 |
Profit/(loss) of companies accounted for under the equity method 202222 |
| Other recurring operating items | Other recurring operating items Note(s)4 |
Other recurring operating items 202368 |
Other recurring operating items 2022(9) |
| Recurring operating income | Recurring operating incomeNote(s)4 | Recurring operating income20238,175 | Recurring operating income20226,481 |
| Non-recurring operating items | Non-recurring operating items Note(s)4 |
Non-recurring operating items 2023(105) |
Non-recurring operating items 20228 |
| Operating income | Operating incomeNote(s)4 | Operating income20238,071 | Operating income20226,489 |
| Cost of gross financial debt | Cost of gross financial debt Note(s)
|
Cost of gross financial debt 2023(1,363) |
Cost of gross financial debt 2022(750) |
| Financial income from cash investments | Financial income from cash investments Note(s)
|
Financial income from cash investments 2023469 |
Financial income from cash investments 2022136 |
| Cost of net financial debt | Cost of net financial debtNote(s)5 | Cost of net financial debt2023(894) | Cost of net financial debt2022(614) |
| Other financial income and expense | Other financial income and expense Note(s)6 |
Other financial income and expense 2023(157) |
Other financial income and expense 2022279 |
| Income tax expense | Income tax expense Note(s)7 |
Income tax expense 2023(1,917) |
Income tax expense 2022(1,737) |
| Net income | Net incomeNote(s)
|
Net income20235,102 | Net income20224,417 |
| Net income attributable to non-controlling interests | Net income attributable to non-controlling interests Note(s)23.5 |
Net income attributable to non-controlling interests 2023400 |
Net income attributable to non-controlling interests 2022157 |
| Net income attributable to owners of the parent | Net income attributable to owners of the parentNote(s)
|
Net income attributable to owners of the parent20234,702 | Net income attributable to owners of the parent20224,259 |
| Basic earnings per share (in €) | Basic earnings per share (in €)Note(s)8 |
Basic earnings per share (in €)20238.28 |
Basic earnings per share (in €)20227.55 |
| Diluted earnings per share (in €) | Diluted earnings per share (in €)Note(s)8 |
Diluted earnings per share (in €)20238.18 |
Diluted earnings per share (in €)20227.47 |
(*) Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies.
| (in € millions) | 2023 | 2022 |
|---|---|---|
| Net income | Net income20235,102 | Net income20224,417 |
| Changes in fair value of cash flow and net investment hedging instruments (*) | Changes in fair value of cash flow and net investment hedging instruments (*) 2023(299) |
Changes in fair value of cash flow and net investment hedging instruments (*) 2022514 |
| Hedging costs | Hedging costs 202318 |
Hedging costs 202211 |
| Tax (**) | Tax (**) 202374 |
Tax (**) 2022(110) |
| Currency translation differences | Currency translation differences 2023358 |
Currency translation differences 202222 |
| 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 2023(49) |
Share of profit/(loss) of companies accounted for under the equity method, net 2022359 |
| Other comprehensive income that may be recycled subsequently to net income | Other comprehensive income that may be recycled subsequently to net income2023102 | Other comprehensive income that may be recycled subsequently to net income2022795 |
| Actuarial gains and losses on retirement benefit obligations | Actuarial gains and losses on retirement benefit obligations 2023(151) |
Actuarial gains and losses on retirement benefit obligations 2022362 |
| Tax | Tax 202337 |
Tax 2022(97) |
| 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 2023- |
Share of profit/(loss) of companies accounted for under the equity method, net 20222 |
| Other comprehensive income that may not be recycled subsequently to net income | Other comprehensive income that may not be recycled subsequently to net income2023(114) | Other comprehensive income that may not be recycled subsequently to net income2022266 |
| Total other comprehensive income recognised directly in equity | Total other comprehensive income recognised directly in equity2023(12) | Total other comprehensive income recognised directly in equity20221,061 |
| Comprehensive income | Comprehensive income20235,090 | Comprehensive income20225,478 |
| of which attributable to owners of the parent | of which attributable to owners of the parent20234,526 | of which attributable to owners of the parent20225,361 |
| of which attributable to non-controlling interests | of which attributable to non-controlling interests2023564 | of which attributable to non-controlling interests2022117 |
(*) 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 2023, those changes consisted of a negative €309 million impact related to cash flow hedges and a positive €10 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.
