Note 1 - Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Year ended December 31, 2020	Tubes			Other			Total
IFRS - Net Sales		4,844			303			5,147
Management view - operating (loss)		(277	)		(50	)		(327	)
Differences in cost of sales		(138	)		4			(134	)
Differences in depreciation and amortization		1			(1	)		-
Differences in selling, general and administrative expenses		(2	)		-			(2	)
Differences in other operating income (expenses), net		(200	)		-			(200	)
IFRS - operating (loss)		(616	)		(47	)		(663	)
Financial income (expense), net								(65	)
(Loss) before equity in earnings of non-consolidated companies and income tax								(728	)
Equity in earnings of non-consolidated companies								109
(Loss) before income tax								(619	)
Capital expenditures		189			4			193
Depreciation and amortization		661			18			679

Year ended December 31, 2019	Tubes			Other		Total
IFRS - Net Sales		6,870			424		7,294
Management view - operating income		857			73		930
Differences in cost of sales		(105	)		3		(102)
Differences in depreciation and amortization		(1	)		-		(1	)
Differences in selling, general and administrative expenses		(1	)		1		-
Differences in other operating income (expenses), net		6			-		6
IFRS - operating income		756			77		833
Financial income (expense), net							19
Income before equity in earnings of non-consolidated companies and income tax							852
Equity in earnings of non-consolidated companies							82
Income before income tax							934
Capital expenditures		338			12		350
Depreciation and amortization		523			17		540

Year ended December 31, 2018	Tubes			Other		Total
IFRS - Net Sales		7,233			426		7,659
Management view - operating income		702			81		783
Differences in cost of sales		112			7		119
Differences in depreciation and amortization		(34	)		-		(34	)
Differences in selling, general and administrative expenses		(2	)		6		4
IFRS - operating income		778			94		872
Financial income (expense), net							37
Income before equity in earnings of non-consolidated companies and income tax							909
Equity in earnings of non-consolidated companies							194
Income before income tax							1,103
Capital expenditures		346			3		349
Depreciation and amortization		645			19		664

(all amounts in thousands of U.S. dollars)	North America	South America	Europe	Middle East & Africa	Asia Pacific	Unallocated (*)	Total
Year ended December 31, 2020
Net sales	2,179,949	776,235	642,793	1,227,532	320,225	-	5,146,734
Total assets	8,071,574	1,868,458	1,461,738	804,559	552,508	957,352	13,716,189
Trade receivables	411,692	115,972	139,427	210,194	90,863	-	968,148
Property, plant and equipment, net	3,971,101	1,050,619	823,057	242,939	105,465	-	6,193,181
Capital expenditures	71,531	63,111	39,691	10,452	8,537	-	193,322
Depreciation and amortization	408,546	106,827	84,518	44,259	34,656	-	678,806

Year ended December 31, 2019
Net sales	3,429,911	1,391,288	738,880	1,382,172	351,804	-	7,294,055
Total assets	7,885,120	2,227,044	2,282,775	958,424	609,663	879,965	14,842,991
Trade receivables	612,809	176,173	149,321	319,406	90,451	-	1,348,160
Property, plant and equipment, net	3,771,570	1,129,260	816,721	254,858	117,608	-	6,090,017
Capital expenditures	169,390	113,999	55,169	4,578	7,038	-	350,174
Depreciation and amortization	276,046	105,308	82,400	42,520	33,247	-	539,521

Year ended December 31, 2018
Net sales	3,611,509	1,462,044	724,733	1,559,988	300,314	-	7,658,588
Total assets	7,971,311	2,489,522	1,913,589	588,746	482,563	805,568	14,251,299
Trade receivables	791,190	280,801	215,202	383,358	66,815	-	1,737,366
Property, plant and equipment, net	3,859,060	1,133,113	848,178	94,040	129,517	-	6,063,908
Capital expenditures	196,220	68,603	77,467	2,047	5,136	-	349,473
Depreciation and amortization	441,705	108,558	82,769	10,389	20,936	-	664,357

Revenues Tubes (in millions of U.S. dollars)	2020	2019	2018
Oil and Gas	4,073	5,757	6,042
Hydrocarbon Processing and Power Generation	371	534	602
Industrial and Other	400	579	589
Total	4,844	6,870	7,233