Santos Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,027	1,224	1,416	2,112	658	-357
Depreciation & Amortization	1,938	1,802	1,933	1,928	1,251	1,129
Loss (Gain) From Sale of Assets	-13	-13	-5	-15	-10	-
Asset Writedown & Restructuring Costs	-	-	-	147	-	781
Loss (Gain) on Equity Investments	-2	-2	-5	16	-25	-33
Stock-Based Compensation	36	36	25	42	31	21
Other Operating Activities	333	160	176	377	67	60
Change in Accounts Receivable	100	100	-61	92	98	-30
Change in Inventory	14	14	1	-47	28	8
Change in Accounts Payable	-72	-72	-38	49	2	-102
Change in Income Taxes	5	5	-65	-144	63	-30
Change in Other Net Operating Assets	-336	-336	-128	-49	1	101
Operating Cash Flow	2,962	2,850	3,258	4,558	2,272	1,476
Operating Cash Flow Growth	-3.52%	-12.52%	-28.52%	100.62%	53.93%	-27.86%
Capital Expenditures	-2,268	-2,401	-2,369	-1,707	-1,103	-770
Sale of Property, Plant & Equipment	6	6	10	302	186	-
Cash Acquisitions	-	-27	-212	-125	838	-714
Investment in Securities	-	-	-	-	-	63
Other Investing Activities	-210	-263	-325	-139	-58	-40
Investing Cash Flow	-2,472	-2,685	-2,896	-1,669	-137	-1,461
Long-Term Debt Issued	-	1,135	1,293	800	996	1,492
Long-Term Debt Repaid	-	-921	-1,023	-3,245	-1,213	-1,079
Net Debt Issued (Repaid)	239	214	270	-2,445	-217	413
Repurchase of Common Stock	-22	-15	-338	-420	-43	-31
Common Dividends Paid	-757	-991	-777	-536	-221	-136
Other Financing Activities	233	586	-15	-	-	-
Financing Cash Flow	-307	-206	-860	-3,401	-481	246
Foreign Exchange Rate Adjustments	-12	-37	-21	-34	3	-9
Miscellaneous Cash Flow Adjustments	-	36	42	-78	-	-
Net Cash Flow	171	-42	-477	-624	1,657	252
Free Cash Flow	694	449	889	2,851	1,169	706
Free Cash Flow Growth	15.47%	-49.49%	-68.82%	143.88%	65.58%	-39.61%
Free Cash Flow Margin	13.22%	8.34%	15.10%	36.60%	24.80%	20.84%
Free Cash Flow Per Share	0.21	0.14	0.27	0.85	0.54	0.34
Cash Interest Paid	430	439	375	330	241	205
Cash Income Tax Paid	371	438	428	529	115	5
Levered Free Cash Flow	320.88	622	681.5	1,689	1,250	529.88
Unlevered Free Cash Flow	394	685.13	780.25	1,816	1,354	652.38
Change in Working Capital	-357	-357	-282	-49	300	-125

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.