Pampa Energía Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	438	377	619	302	456	273
Depreciation & Amortization	452	414	342	267	212	205
Loss (Gain) on Sale of Assets	-3	-5	-11	1	-4	-3
Loss (Gain) on Sale of Investments	22	21	22	-9	13	-18
Loss (Gain) on Equity Investments	-163	-142	-146	2	-105	-100
Asset Writedown	-12	-12	41	49	52	5
Change in Accounts Receivable	-460	-100	-411	-151	-233	-41
Change in Inventory	3	-13	-20	-35	-21	-40
Change in Accounts Payable	14	69	75	17	70	43
Change in Income Taxes	2	14	17	27	39	-15
Change in Other Net Operating Assets	8	12	3	6	5	-9
Other Operating Activities	154	143	-96	99	135	313
Net Cash from Discontinued Operations	-	-	-	-	-	116
Operating Cash Flow	455	778	435	575	619	729
Operating Cash Flow Growth	-15.47%	78.85%	-24.35%	-7.11%	-15.09%	5.20%
Capital Expenditures	-1,096	-993	-447	-758	-416	-206
Sale of Property, Plant & Equipment	-	-	-	1	-	1
Cash Acquisitions	-1	-1	23	-1	-111	-17
Sale (Purchase) of Intangibles	9	9	-	20	-10	1
Investment in Securities	501	559	70	298	-59	-131
Other Investing Activities	26	25	9	-	10	-148
Investing Cash Flow	-561	-401	-344	-446	-575	-474
Long-Term Debt Issued	-	986	1,174	424	308	188
Long-Term Debt Repaid	-	-1,167	-553	-200	-174	-344
Net Debt Issued (Repaid)	174	-181	621	224	134	-156
Repurchase of Common Stock	-47	-47	-	-	-18	-39
Common Dividends Paid	-1	-1	-	-1	-	-
Other Financing Activities	-145	-161	-145	-280	-162	-147
Financing Cash Flow	-19	-390	476	-57	-46	-342
Foreign Exchange Rate Adjustments	-	-	-	-7	-2	4
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	52
Net Cash Flow	-125	-13	567	65	-4	-31
Free Cash Flow	-641	-215	-12	-183	203	523
Free Cash Flow Growth	-	-	-	-	-61.19%	-8.08%
Free Cash Flow Margin	-29.72%	-10.76%	-0.64%	-10.57%	11.10%	34.68%
Free Cash Flow Per Share	-0.47	-0.16	-0.01	-0.13	0.15	0.37
Cash Interest Paid	145	161	145	280	162	140
Cash Income Tax Paid	18	18	-	-	2	13
Levered Free Cash Flow	-768.6	-706.6	15.48	-368.25	-24.88	569.25
Unlevered Free Cash Flow	-651.73	-588.48	127.98	-145.75	110.13	680.5
Change in Working Capital	-433	-18	-336	-136	-140	-62

Source: S&P Global Market Intelligence. Utility template. Financial Sources.