Universal Registration Document 2022

/ 2021 financial year

(in millions of euros)	Europe	North America	Asia-Pacific	Latin America	Middle East & Africa	Total
Income statement items
Net revenue⁽¹⁾	Net revenue⁽¹⁾Europe2,534	Net revenue⁽¹⁾North America6,368	Net revenue⁽¹⁾Asia-Pacific1,038	Net revenue⁽¹⁾Latin America243	Net revenue⁽¹⁾Middle East & Africa304	Net revenue⁽¹⁾Total10,487
Revenue^{(1) (2)}	Revenue ^{(1) (2)}Europe 2,972	Revenue ^{(1) (2)}North America 6,874	Revenue ^{(1) (2)}Asia-Pacific 1,263	Revenue ^{(1) (2)}Latin America 265	Revenue ^{(1) (2)}Middle East & Africa 364	Revenue ^{(1) (2)}Total 11,738
Depreciation and amortization expense (excluding acquired intangibles)	Depreciation and amortization expense (excluding acquired intangibles) Europe (145)	Depreciation and amortization expense (excluding acquired intangibles) North America (242)	Depreciation and amortization expense (excluding acquired intangibles) Asia-Pacific (68)	Depreciation and amortization expense (excluding acquired intangibles) Latin America (11)	Depreciation and amortization expense (excluding acquired intangibles) Middle East & Africa (11)	Depreciation and amortization expense (excluding acquired intangibles) Total (477)
Operating margin	Operating marginEurope401	Operating marginNorth America1,270	Operating marginAsia-Pacific133	Operating marginLatin America30	Operating marginMiddle East & Africa6	Operating marginTotal1,840
Amortization of intangibles from acquisitions	Amortization of intangibles from acquisitions Europe (30)	Amortization of intangibles from acquisitions North America (208)	Amortization of intangibles from acquisitions Asia-Pacific (12)	Amortization of intangibles from acquisitions Latin America (3)	Amortization of intangibles from acquisitions Middle East & Africa (3)	Amortization of intangibles from acquisitions Total (256)
Impairment loss	Impairment loss Europe (18)	Impairment loss North America (104)	Impairment loss Asia-Pacific -	Impairment loss Latin America -	Impairment loss Middle East & Africa -	Impairment loss Total (122)
Non-current income and expenses	Non-current income and expenses Europe 2	Non-current income and expenses North America -	Non-current income and expenses Asia-Pacific -	Non-current income and expenses Latin America (30)	Non-current income and expenses Middle East & Africa -	Non-current income and expenses Total (28)
Operating income after impairment	Operating income after impairmentEurope355	Operating income after impairmentNorth America958	Operating income after impairmentAsia-Pacific121	Operating income after impairmentLatin America(3)	Operating income after impairmentMiddle East & Africa3	Operating income after impairmentTotal1,434
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 1,950	Intangible assets, net ⁽³⁾North America 9,480	Intangible assets, net ⁽³⁾Asia-Pacific 1,143	Intangible assets, net ⁽³⁾Latin America 172	Intangible assets, net ⁽³⁾Middle East & Africa 394	Intangible assets, net ⁽³⁾Total 13,139
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 760	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾North America 1,084	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾Asia-Pacific 202	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾Latin America 26	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾Middle East & Africa 32	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾Total 2,104
Other financial assets⁽³⁾	Other financial assets ⁽³⁾Europe 198	Other financial assets ⁽³⁾North America 45	Other financial assets ⁽³⁾Asia-Pacific 26	Other financial assets ⁽³⁾Latin America 5	Other financial assets ⁽³⁾Middle East & Africa 2	Other financial assets ⁽³⁾Total 276
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 (30)	Purchases of property, plant and equipment and intangible assets North America (92)	Purchases of property, plant and equipment and intangible assets Asia-Pacific (13)	Purchases of property, plant and equipment and intangible assets Latin America (3)	Purchases of property, plant and equipment and intangible assets Middle East & Africa (1)	Purchases of property, plant and equipment and intangible assets Total (139)
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 3	Purchases of investments and other financial assets, net Asia-Pacific -	Purchases of investments and other financial assets, net Latin America (1)	Purchases of investments and other financial assets, net Middle East & Africa -	Purchases of investments and other financial assets, net Total 4
Acquisitions of subsidiaries	Acquisitions of subsidiaries Europe (25)	Acquisitions of subsidiaries North America (203)	Acquisitions of subsidiaries Asia-Pacific (44)	Acquisitions of subsidiaries Latin America (4)	Acquisitions of subsidiaries Middle East & Africa -	Acquisitions of subsidiaries Total (276)

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 2021 was euro 2,972 million, of which euro 875 million in France. In North America, revenue for 2021 was euro 6,874 million, of which euro 6,600 million in the United States.
At December 31, 2021, net intangible assets amounted to euro 13,139 million, of which euro 372 million in France and euro 9,000 million in the United States. Net property, plant and equipment amounted to euro 2,104 million, of which euro 306 million in France and euro 1,057 million in the United States. Other financial assets amounted to euro 276 million, of which euro 170 million in France and euro 45 million in the United States.

Universal Registration Document 2022

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