Tenaris Income Statement

Quarterly: March 2012 - December 2009 Previous Quarters
Annual

Income	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Revenue	2.617B	2.751B	2.495B	2.403B	2.324B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Cost of Revenue	1.611B	1.723B	1.549B	1.523B	1.434B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Gross Profit	1.006B	1.028B	945.98M	879.68M	889.61M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Research & Development Expense	0.00	0.00	0.00	0.00	0.00	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Selling, General, & Admin. Expense	440.05M	467.67M	462.41M	467.31M	449.77M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Depreciation & Amortization	0.00	0.00	0.00	0.00	0.00	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Interest Expense						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Operating Income (Expense)						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Operating Expenses	2.051B	2.191B	2.011B	1.991B	1.884B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Income	566.21M	559.98M	483.57M	412.37M	439.84M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Non-Operating Income	31.90M	1.33M	22.66M	4.58M	21.61M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Pretax Income	598.10M	561.34M	506.26M	416.93M	461.43M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Provision for Income Taxes	144.67M	135.00M	140.77M	112.23M	137.24M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income after Tax	453.43M	426.34M	365.49M	304.70M	324.19M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest	0.00	0.00	0.00	0.00	0.00	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest	0.00	0.00	0.00	0.00	0.00	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Equity In Affiliates						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income Before Extraordinaries & Disc. Operations	443.84M	399.57M	365.50M	287.22M	319.37M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Investment Gains/Losses	0.00	0.00	0.00	0.00	0.00	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Income/Charges	0.00	0.00	0.00	0.00	0.00	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income from Discontinued Operations	0.00	0.00	0.00	0.00	0.00	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Net Income	443.84M	399.57M	365.50M	287.22M	319.37M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Earnings Per Share Data	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Average Shares to compute diluted EPS	591.79	587.61	664.54	586.16	591.43	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Average Shares used to compute basic EPS	591.79	587.61	664.54	586.16	591.43	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Basic net	0.75	0.68	0.55	0.49	0.54	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Diluted net	0.75	0.68	0.55	0.49	0.54	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro