Universal Registration Document 2024

/ Financial year 2023

(in millions of euros)	Europe	Noth America	Asia-pacific	Latin America	Middle East & Africa	Total
Income statement items	Income statement items Europe	Income statement itemsNoth America	Income statement itemsAsia-pacific	Income statement itemsLatin America	Income statement items Middle East & Africa	Income statement items Total
Net revenue⁽¹⁾	Net revenue⁽¹⁾ Europe 3,172	Net revenue⁽¹⁾Noth America8,050	Net revenue⁽¹⁾Asia-pacific1,156	Net revenue⁽¹⁾Latin America341	Net revenue⁽¹⁾ Middle East & Africa 380	Net revenue⁽¹⁾ Total 13,099
Revenue⁽¹⁾⁽²⁾	Revenue ⁽¹⁾⁽²⁾ Europe 3,814	Revenue ⁽¹⁾⁽²⁾Noth America 8,709	Revenue ⁽¹⁾⁽²⁾Asia-pacific 1,410	Revenue ⁽¹⁾⁽²⁾Latin America 366	Revenue ⁽¹⁾⁽²⁾ Middle East & Africa 503	Revenue ⁽¹⁾⁽²⁾ Total 14,802
Depreciation and amortization expense (excluding acquired intangibles)	Depreciation and amortization expense (excluding acquired intangibles) Europe (203)	Depreciation and amortization expense (excluding acquired intangibles) Noth America (202)	Depreciation and amortization expense (excluding acquired intangibles) Asia-pacific (57)	Depreciation and amortization expense (excluding acquired intangibles) Latin America (11)	Depreciation and amortization expense (excluding acquired intangibles) Middle East & Africa (9)	Depreciation and amortization expense (excluding acquired intangibles) Total (482)
Operating margin	Operating margin Europe 560	Operating marginNoth America1,527	Operating marginAsia-pacific220	Operating marginLatin America23	Operating margin Middle East & Africa 33	Operating margin Total 2,363
Amortization of intangibles from acquisitions	Amortization of intangibles from acquisitions Europe (30)	Amortization of intangibles from acquisitions Noth America (219)	Amortization of intangibles from acquisitions Asia-pacific (12)	Amortization of intangibles from acquisitions Latin America (3)	Amortization of intangibles from acquisitions Middle East & Africa (4)	Amortization of intangibles from acquisitions Total (268)
Impairment loss	Impairment loss Europe (13)	Impairment loss Noth America (118)	Impairment loss Asia-pacific (16)	Impairment loss Latin America (6)	Impairment loss Middle East & Africa -	Impairment loss Total (153)
Non-current income and expenses	Non-current income and expenses Europe (1)	Non-current income and expenses Noth America (201)	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 (202)
Operating income after impairment	Operating income after impairment Europe 516	Operating income after impairmentNoth America989	Operating income after impairmentAsia-pacific192	Operating income after impairmentLatin America14	Operating income after impairment Middle East & Africa 29	Operating income after impairment Total 1,740
Balance sheet items	Balance sheet items Europe	Balance sheet itemsNoth America	Balance sheet itemsAsia-pacific	Balance sheet itemsLatin America	Balance sheet items Middle East & Africa	Balance sheet items Total
Intangible assets, net⁽³⁾	Intangible assets, net ⁽³⁾ Europe 2,054	Intangible assets, net ⁽³⁾Noth America 9,615	Intangible assets, net ⁽³⁾Asia-pacific 1,174	Intangible assets, net ⁽³⁾Latin America 156	Intangible assets, net ⁽³⁾ Middle East & Africa 381	Intangible assets, net ⁽³⁾ Total 13,380
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 1,060	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾Noth America 960	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾Asia-pacific 146	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾Latin America 22	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾ Middle East & Africa 23	Property, plant and equipment, net (including right-of-use assets on leases) ⁽³⁾ Total 2,211
Other financial assets⁽³⁾	Other financial assets ⁽³⁾ Europe 220	Other financial assets ⁽³⁾Noth America 57	Other financial assets ⁽³⁾Asia-pacific 30	Other financial assets ⁽³⁾Latin America 7	Other financial assets ⁽³⁾ Middle East & Africa 2	Other financial assets ⁽³⁾ Total 316
Disclosures in respect of the statement of cash flows	Disclosures in respect of the statement of cash flows Europe	Disclosures in respect of the statement of cash flows Noth America	Disclosures in respect of the statement of cash flows Asia-pacific	Disclosures in respect of the statement of cash flows Latin America	Disclosures in respect of the statement of cash flows Middle East & Africa	Disclosures in respect of the statement of cash flows Total
Purchases of property, plant and equipment and intangible assets	Purchases of property, plant and equipment and intangible assets Europe (66)	Purchases of property, plant and equipment and intangible assets Noth America (87)	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 (4)	Purchases of property, plant and equipment and intangible assets Total (180)
Purchases of investments and other financial assets, net	Purchases of investments and other financial assets, net Europe 15	Purchases of investments and other financial assets, net Noth America -	Purchases of investments and other financial assets, net Asia-pacific (1)	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 13
Acquisitions of subsidiaries	Acquisitions of subsidiaries Europe (23)	Acquisitions of subsidiaries Noth America (71)	Acquisitions of subsidiaries Asia-pacific (44)	Acquisitions of subsidiaries Latin America (53)	Acquisitions of subsidiaries Middle East & Africa (3)	Acquisitions of subsidiaries Total (194)

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 2023 was euro 3,814 million, of which euro 1,070 million in France. In North America, revenue for 2023 was euro 8,709 million, of which euro 8,386 million in the United States.
At December 31, 2023, net intangible assets amounted to euro 13,380 million, of which euro 388 million in France and euro 9,254 million in the United States. Net property, plant and equipment amounted to euro 2,211 million, of which euro 715 million in France and euro 930 million in the United States. Other financial assets amounted to euro 316 million, of which euro 153 million in France and euro 57 million in the United States.

Universal Registration Document 2024

Glossary

/ Financial year 2023