Universal Registration Document 2022

/ 2022 financial year

(in millions of euros)	Europe	North America	Asia-Pacific	Latin America	Middle East & Africa	Total
Income statement items	Income statement itemsEurope	Income statement itemsNorth America	Income statement itemsAsia-Pacific	Income statement itemsLatin America	Income statement itemsMiddle East & Africa	Income statement itemsTotal
Net revenue⁽¹⁾	Net revenue⁽¹⁾Europe2,879	Net revenue⁽¹⁾North America7,869	Net revenue⁽¹⁾Asia-Pacific1,176	Net revenue⁽¹⁾Latin America289	Net revenue⁽¹⁾Middle East & Africa359	Net revenue⁽¹⁾Total12,572
Revenue^{(1) (2)}	Revenue ^{(1) (2)}Europe 3,531	Revenue ^{(1) (2)}North America 8,466	Revenue ^{(1) (2)}Asia-Pacific 1,441	Revenue ^{(1) (2)}Latin America 311	Revenue ^{(1) (2)}Middle East & Africa 447	Revenue ^{(1) (2)}Total 14,196
Depreciation and amortization expense (excluding acquired intangibles)	Depreciation and amortization expense (excluding acquired intangibles) Europe (212)	Depreciation and amortization expense (excluding acquired intangibles) North America (233)	Depreciation and amortization expense (excluding acquired intangibles) Asia-Pacific (66)	Depreciation and amortization expense (excluding acquired intangibles) Latin America (13)	Depreciation and amortization expense (excluding acquired intangibles) Middle East & Africa (11)	Depreciation and amortization expense (excluding acquired intangibles) Total (535)
Operating margin	Operating marginEurope463	Operating marginNorth America1,478	Operating marginAsia-Pacific249	Operating marginLatin America25	Operating marginMiddle East & Africa51	Operating marginTotal2,266
Amortization of intangibles from acquisitions	Amortization of intangibles from acquisitions Europe (29)	Amortization of intangibles from acquisitions North America (240)	Amortization of intangibles from acquisitions Asia-Pacific (11)	Amortization of intangibles from acquisitions Latin America (3)	Amortization of intangibles from acquisitions Middle East & Africa (4)	Amortization of intangibles from acquisitions Total (287)
Impairment loss	Impairment loss Europe (2)	Impairment loss North America (64)	Impairment loss Asia-Pacific (13)	Impairment loss Latin America (30)	Impairment loss Middle East & Africa -	Impairment loss Total (109)
Non-current income and expenses	Non-current income and expenses Europe (86)	Non-current income and expenses North America (17)	Non-current income and expenses Asia-Pacific -	Non-current income and expenses Latin America -	Non-current income and expenses Middle East & Africa -	Non-current income and expenses Total (103)
Operating income after impairment	Operating income after impairmentEurope346	Operating income after impairmentNorth America1,157	Operating income after impairmentAsia-Pacific225	Operating income after impairmentLatin America(8)	Operating income after impairmentMiddle East & Africa47	Operating income after impairmentTotal1,767
Balance sheet items	Balance sheet itemsEurope	Balance sheet itemsNorth America	Balance sheet itemsAsia-Pacific	Balance sheet itemsLatin America	Balance sheet itemsMiddle East & Africa	Balance sheet itemsTotal
Intangible assets, net⁽³⁾	Intangible assets, net ⁽³⁾Europe 2,033	Intangible assets, net ⁽³⁾North America 9,976	Intangible assets, net ⁽³⁾Asia-Pacific 1,224	Intangible assets, net ⁽³⁾Latin America 152	Intangible assets, net ⁽³⁾Middle East & Africa 408	Intangible assets, net ⁽³⁾Total 13,793
Property, plant and equipment, net (including right-of-use assets on leases)⁽³⁾	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾Europe 1,164	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾North America 962	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾Asia-Pacific 183	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾Latin America 27	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾Middle East & Africa 27	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾Total 2,363
Other financial assets⁽³⁾	Other financial assets ⁽³⁾Europe 202	Other financial assets ⁽³⁾North America 155	Other financial assets ⁽³⁾Asia-Pacific 30	Other financial assets ⁽³⁾Latin America 6	Other financial assets ⁽³⁾Middle East & Africa 1	Other financial assets ⁽³⁾Total 394
Disclosures in respect of the statement of cash flows	Disclosures in respect of the statement of cash flowsEurope	Disclosures in respect of the statement of cash flowsNorth America	Disclosures in respect of the statement of cash flowsAsia-Pacific	Disclosures in respect of the statement of cash flowsLatin America	Disclosures in respect of the statement of cash flowsMiddle East & Africa	Disclosures in respect of the statement of cash flowsTotal
Purchases of property, plant and equipment and intangible assets	Purchases of property, plant and equipment and intangible assets Europe (57)	Purchases of property, plant and equipment and intangible assets North America (115)	Purchases of property, plant and equipment and intangible assets Asia-Pacific (17)	Purchases of property, plant and equipment and intangible assets Latin America (6)	Purchases of property, plant and equipment and intangible assets Middle East & Africa (3)	Purchases of property, plant and equipment and intangible assets Total (198)
Purchases of investments and other financial assets, net	Purchases of investments and other financial assets, net Europe (2)	Purchases of investments and other financial assets, net North America 6	Purchases of investments and other financial assets, net Asia-Pacific 4	Purchases of investments and other financial assets, net Latin America -	Purchases of investments and other financial assets, net Middle East & Africa 3	Purchases of investments and other financial assets, net Total 11
Acquisitions of subsidiaries	Acquisitions of subsidiaries Europe (180)	Acquisitions of subsidiaries North America (239)	Acquisitions of subsidiaries Asia-Pacific (79)	Acquisitions of subsidiaries Latin America (20)	Acquisitions of subsidiaries Middle East & Africa (5)	Acquisitions of subsidiaries Total (523)

Because of the way this indicator is calculated (difference between billings and cost of billings), there are no eliminations between the different zones.
In Europe, revenue for 2022 was euro 3,531 million, of which euro 1,026 million in France. In North America, revenue for 2022 was euro 8,466 million, of which euro 8,129 million in the United States.
At December 31, 2022, net intangible assets amounted to euro 13,793 million, of which euro 390 million in France and euro 9,501 million in the United States. Net property, plant and equipment amounted to euro 2,363 million, of which euro 791 million in France and euro 921 million in the United States. Other financial assets amounted to euro 394 million, of which euro 174 million in France and euro 155 million in the United States.

Universal Registration Document 2022

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