OREANDA-NEWS. LUKOIL has published consolidated US GAAP financial statements for 2013.

The Company's 2013 net income reached USD 7,832 million. EBITDA (earnings before interest, taxation, depreciation and amortization) reached USD 16,668 million in 2013. Sales revenues were USD 141,452 million (+1.6% y-o-y). The positive dynamics of revenues was due to a y-o-y increase in hydrocarbon, petrochemicals and premium petroleum products production in 2013.

Net income for the fourth quarter of 2013 was negatively affected by USD 2,449 million non-cash losses due to write-off of Yuzhnoye Khylchuyu field, West Africa projects, Karpatneftekhim and ISAB plants, LUKOIL-Ecoenergo and other assets. Excluding the non-cash losses net income was USD 10,281 mln and EBITDA was USD 19,255 mln (+1,8% y-o-y).

Free cash flow in 2013 amounted to USD 643 million. Capital expenditures was USD 15,434 million in 2013.

In 2013, LUKOIL Group total hydrocarbon production available for sale increased by 1.5% y-o-y and reached 2,202 thousand boe per day.

Crude oil production of LUKOIL Group in 2013 increased 1.1% to 90.807 million tonnes. Production of gas available for sale increased by 2.3% to 20.391 bcm including 6.428 bcm produced internationally and 13.963 bcm in Russia.

Throughput at the Company's own and affiliated refineries increased by 0.4% to 66.3 million tonnes. Throughput the Company's refineries in Russia increased 1.8%.