XML 26 R11.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Note 1 - Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2017
Statement Line Items [Line Items] |
Disclosure of entity's operating segments [text block] |
1 |  | Segment information
As mentioned in section II. AP – C, the Segment Information is disclosed as follows: Reportable operating segments (All amounts in million US dollar)
Year ended December 31, 2017 |  | Tubes |  |  | Other |  |  | Continuing operations |  |  | Discontinued operations |
IFRS - Net Sales |  |  | 4,966 |  |  |  | 323 |  |  |  | 5,289 |  |  |  | 12 |
Management view - operating income |  |  | 115 |  |  |  | 48 |  |  |  | 163 |  |  |  | 3 |
Difference in cost of sales |  |  | 164 |  |  |  | 1 |  |  |  | 165 |  |  |  | (1 | )
Direct cost and others |  |  | 115 |  |  |  | - |  |  |  | 115 |  |  |  | (1 | )
Absorption |  |  | 49 |  |  |  | 1 |  |  |  | 50 |  |  |  | - |
Differences in depreciation and amortization |  |  | (3 | ) |  |  | - |  |  |  | (3 | ) |  |  | - |
Differences in selling, general and administrative expenses |  |  | 14 |  |  |  | (6 | ) |  |  | 8 |  |  |  | - |
Differences in other operating income (expenses), net |  |  | 2 |  |  |  | - |  |  |  | 2 |  |  |  | - |
IFRS - operating income |  |  | 292 |  |  |  | 43 |  |  |  | 335 |  |  |  | 2 |
Financial income (expense), net |  |  |  |  |  |  |  |  |  |  | (23 | ) |  |  | - |
Income before equity in earnings of non-consolidated companies and income tax |  |  |  |  |  |  |  |  |  |  | 312 |  |  |  | 2 |
Equity in earnings of non-consolidated companies |  |  |  |  |  |  |  |  |  |  | 116 |  |  |  | - |
Income before income tax |  |  |  |  |  |  |  |  |  |  | 428 |  |  |  | 2 |
Capital expenditures |  |  | 550 |  |  |  | 8 |  |  |  | 558 |  |  |  | - |
Depreciation and amortization |  |  | 594 |  |  |  | 15 |  |  |  | 609 |  |  |  | - |
Year Ended December 31, 2016 |  | Tubes |  |  | Other |  |  | Continuing operations |  |  | Discontinued operations |
IFRS - Net Sales |  |  | 4,015 |  |  |  | 278 |  |  |  | 4,294 |  |  |  | 235 |
Management view - operating income |  |  | 19 |  |  |  | 19 |  |  |  | 38 |  |  |  | 62 |
Difference in cost of sales |  |  | (108 | ) |  |  | (8 | ) |  |  | (116 | ) |  |  | 4 |
Direct cost and others |  |  | (114 | ) |  |  | (8 | ) |  |  | (122 | ) |  |  | 4 |
Absorption |  |  | 6 |  |  |  | - |  |  |  | 6 |  |  |  | - |
Differences in Depreciation and Amortization |  |  | 28 |  |  |  | - |  |  |  | 28 |  |  |  | - |
Differences in Selling, general and administrative expenses |  |  | (5 | ) |  |  | 1 |  |  |  | (4 | ) |  |  | - |
Differences in Other operating income (expenses), net |  |  | (5 | ) |  |  | - |  |  |  | (5 | ) |  |  | - |
IFRS - operating (loss) income |  |  | (71 | ) |  |  | 12 |  |  |  | (59 | ) |  |  | 66 |
Financial income (expense), net |  |  |  |  |  |  |  |  |  |  | 22 |  |  |  | - |
(Loss) income before equity in earnings of non-consolidated companies and income tax |  |  |  |  |  |  |  |  |  |  | (37 | ) |  |  | 66 |
Equity in earnings of non-consolidated companies |  |  |  |  |  |  |  |  |  |  | 71 |  |  |  | - |
Income before income tax |  |  |  |  |  |  |  |  |  |  | 34 |  |  |  | 66 |
Capital expenditures |  |  | 752 |  |  |  | 33 |  |  |  | 785 |  |  |  | 2 |
Depreciation and amortization |  |  | 643 |  |  |  | 14 |  |  |  | 657 |  |  |  | 5 |
Year Ended December 31, 2015 |  | Tubes |  |  | Other |  |  | Continuing operations |  |  | Discontinued operations |
IFRS - Net Sales |  |  | 6,444 |  |  |  | 459 |  |  |  | 6,903 |  |  |  | 198 |
Management view - operating income |  |  | 686 |  |  |  | 27 |  |  |  | 713 |  |  |  | 39 |
Difference in cost of sales |  |  | (225 | ) |  |  | - |  |  |  | (225 | ) |  |  | (9 | )
Direct cost and others |  |  | (184 | ) |  |  | - |  |  |  | (184 | ) |  |  | (9 | )
Absorption |  |  | (41 | ) |  |  | - |  |  |  | (41 | ) |  |  | - |
Differences in Depreciation and Amortization |  |  | (319 | ) |  |  | 1 |  |  |  | (318 | ) |  |  | - |
Differences in Selling, general and administrative expenses |  |  | (4 | ) |  |  | - |  |  |  | (4 | ) |  |  | - |
Differences in Other operating income (expenses), net |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
IFRS - operating income |  |  | 138 |  |  |  | 28 |  |  |  | 166 |  |  |  | 30 |
Financial income (expense), net |  |  |  |  |  |  |  |  |  |  | 15 |  |  |  | - |
Income before equity in earnings of non-consolidated companies and income tax |  |  |  |  |  |  |  |  |  |  | 181 |  |  |  | 30 |
Equity in losses of non-consolidated companies |  |  |  |  |  |  |  |  |  |  | (40 | ) |  |  | - |
Income before income tax |  |  |  |  |  |  |  |  |  |  | 141 |  |  |  | 30 |
Capital expenditures |  |  | 1,089 |  |  |  | 41 |  |  |  | 1,130 |  |  |  | 1 |
Depreciation and amortization |  |  | 638 |  |  |  | 15 |  |  |  | 653 |  |  |  | 5 |
Transactions between segments, which were eliminated in consolidation, are mainly related to sales of scrap, energy, surplus raw materials and others from the Other segment to the Tubes segment for $53, $47 and $57 million in 2017, 2016 and 2015, respectively. In addition to the amounts reconciled above, the main differences in net income arise from the impact of functional currencies on financial result, deferred income taxes as well as the result of investment in non-consolidated companies and changes on the valuation of inventories according to cost estimation internally defined. Geographical information
(all amounts in thousands of U.S. dollars) |  | North America |  |  | South America |  |  | Europe |  |  | Middle East & Africa |  |  | Asia Pacific |  |  | Unallocated (*) |  |  | Total continuing operations |  |  | Total discontinued operations |
Year ended December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  | 2,451,357 |  |  |  | 1,142,142 |  |  |  | 545,777 |  |  |  | 937,439 |  |  |  | 211,789 |  |  |  | - |  |  |  | 5,288,504 |  |  |  | 11,899 |
Total assets |  |  | 7,925,520 |  |  |  | 2,975,599 |  |  |  | 2,002,658 |  |  |  | 391,029 |  |  |  | 441,546 |  |  |  | 661,866 |  |  |  | 14,398,218 |  |  |  | - |
Trade receivables |  |  | 582,204 |  |  |  | 234,877 |  |  |  | 214,944 |  |  |  | 135,524 |  |  |  | 46,511 |  |  |  | - |  |  |  | 1,214,060 |  |  |  | - |
Property, plant and equipment, net |  |  | 3,914,229 |  |  |  | 1,190,145 |  |  |  | 878,788 |  |  |  | 102,481 |  |  |  | 143,500 |  |  |  | - |  |  |  | 6,229,143 |  |  |  | - |
Capital expenditures |  |  | 430,143 |  |  |  | 58,949 |  |  |  | 57,285 |  |  |  | 7,562 |  |  |  | 4,153 |  |  |  | - |  |  |  | 558,092 |  |  |  | 145 |
Depreciation and amortization |  |  | 354,091 |  |  |  | 126,273 |  |  |  | 93,900 |  |  |  | 12,094 |  |  |  | 22,282 |  |  |  | - |  |  |  | 608,640 |  |  |  | - |
Year ended December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  | 1,320,297 |  |  |  | 1,210,527 |  |  |  | 565,173 |  |  |  | 1,055,994 |  |  |  | 141,601 |  |  |  | - |  |  |  | 4,293,592 |  |  |  | 234,911 |
Total assets |  |  | 7,467,842 |  |  |  | 2,803,848 |  |  |  | 1,925,784 |  |  |  | 593,649 |  |  |  | 482,132 |  |  |  | 578,603 |  |  |  | 13,851,858 |  |  |  | 151,417 |
Trade receivables |  |  | 229,390 |  |  |  | 204,746 |  |  |  | 161,291 |  |  |  | 308,919 |  |  |  | 50,339 |  |  |  | - |  |  |  | 954,685 |  |  |  | 33,620 |
Property, plant and equipment, net |  |  | 3,652,032 |  |  |  | 1,237,391 |  |  |  | 847,318 |  |  |  | 106,941 |  |  |  | 158,257 |  |  |  | - |  |  |  | 6,001,939 |  |  |  | 41,470 |
Capital expenditures |  |  | 646,545 |  |  |  | 59,780 |  |  |  | 35,270 |  |  |  | 24,166 |  |  |  | 19,201 |  |  |  | - |  |  |  | 784,962 |  |  |  | 1,911 |
Depreciation and amortization |  |  | 381,811 |  |  |  | 128,458 |  |  |  | 113,875 |  |  |  | 11,053 |  |  |  | 21,912 |  |  |  | - |  |  |  | 657,109 |  |  |  | 5,303 |
Year ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  | 2,668,724 |  |  |  | 2,132,221 |  |  |  | 728,815 |  |  |  | 1,096,688 |  |  |  | 276,675 |  |  |  | - |  |  |  | 6,903,123 |  |  |  | 197,630 |
Total assets |  |  | 8,625,806 |  |  |  | 2,931,297 |  |  |  | 1,877,429 |  |  |  | 429,317 |  |  |  | 423,479 |  |  |  | 512,217 |  |  |  | 14,799,545 |  |  |  | 87,429 |
Trade receivables |  |  | 339,499 |  |  |  | 396,834 |  |  |  | 181,084 |  |  |  | 137,278 |  |  |  | 52,494 |  |  |  | - |  |  |  | 1,107,189 |  |  |  | 27,940 |
Property, plant and equipment, net |  |  | 3,207,661 |  |  |  | 1,269,995 |  |  |  | 907,466 |  |  |  | 86,181 |  |  |  | 155,299 |  |  |  | - |  |  |  | 5,626,602 |  |  |  | 45,656 |
Capital expenditures |  |  | 822,396 |  |  |  | 168,140 |  |  |  | 82,344 |  |  |  | 36,867 |  |  |  | 20,566 |  |  |  | - |  |  |  | 1,130,313 |  |  |  | 1,206 |
Depreciation and amortization |  |  | 385,189 |  |  |  | 125,754 |  |  |  | 112,742 |  |  |  | 9,912 |  |  |  | 19,716 |  |  |  | - |  |  |  | 653,313 |  |  |  | 5,465 |
There are no revenues from external customers attributable to the Company’s country of incorporation (Luxembourg). For geographical information purposes, “North America” comprises Canada, Mexico and the USA ( 31.8% ); “South America” comprises principally Argentina ( 14.0% ), Brazil and Colombia; “Europe” comprises principally Italy and Romania; “Middle East and Africa” comprises principally Kazakhstan, United Arab Emirates, Nigeria and Saudi Arabia and; “Asia Pacific” comprises principally China, Japan and Thailand. (*) Includes Investments in non-consolidated companies and Available for sale assets for $ 21.6 million in 2017, 2016 and 2015 (see Note 12 and 31 ).

X
- Definition The entire disclosure for operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2017-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2017-03-01&anchor=sect_Disclosure&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ts_StatementLineItems
Namespace Prefix: | ts_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration