Marathon Petroleum Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	5,878	5,067	11,172	16,050	11,001
Depreciation & Amortization	3,290	3,306	3,229	3,265	3,443
Other Adjustments	-2,370	-12,541	-14,786	-14,970	-23,499
Change in Receivables	890	1,117	2,109	-2,858	-5,299
Changes in Inventories	-596	-270	-489	-787	-33
Changes in Accounts Payable	-	-	-	-	6,260
Changes in Income Taxes Payable	-	-	-	-	2,089
Changes in Other Operating Activities	-951	-700	-1,737	17,711	6,299
Operating Cash Flow	8,253	8,665	14,117	32,680	12,744
Operating Cash Flow Growth	-4.75%	-38.62%	-56.80%	156.43%	295.04%
Capital Expenditures	-3,486	-2,533	-1,890	-2,420	-1,464
Sale of Property, Plant & Equipment	1,005	35	36	90	153
Purchases of Investments	-1,064	-3,458	-9,102	-6,428	-12,708
Proceeds from Sale of Investments	721	7,982	7,405	8,970	6,989
Payments for Business Acquisitions	-3,316	-688	-246	-413	-
Other Investing Activities	273	196	702	824	15,310
Investing Cash Flow	-5,867	1,534	-3,095	623	8,280
Short-Term Debt Issued	5,055	-	-	-	7,414
Short-Term Debt Repaid	-5,055	-	-	-	-8,437
Net Short-Term Debt Issued (Repaid)	-	-	-	-	-1,023
Long-Term Debt Issued	11,166	1,631	1,589	3,379	12,150
Long-Term Debt Repaid	-6,463	-1,984	-1,079	-2,280	-17,400
Net Long-Term Debt Issued (Repaid)	4,703	-353	510	1,099	-5,250
Issuance of Common Stock	24	25	62	243	106
Repurchase of Common Stock	-3,488	-9,189	-11,572	-11,922	-4,654
Net Common Stock Issued (Repurchased)	-3,464	-9,164	-11,510	-11,679	-4,548
Repurchase of Preferred Stock	-	-	-600	-	-
Net Preferred Stock Issued (Repurchased)	-	-	-600	-	-
Common Dividends Paid	-1,140	-1,154	-1,261	-1,279	-1,484
Other Financing Activities	-2,023	-1,763	-1,346	-1,788	-2,114
Financing Cash Flow	-1,924	-12,434	-14,207	-13,647	-14,419
Net Cash Flow	462	-2,235	-3,185	19,656	6,605
Free Cash Flow	4,767	6,132	12,227	30,260	11,280
Free Cash Flow Growth	-22.26%	-49.85%	-59.59%	168.26%	2469.48%
FCF Margin	3.59%	4.42%	8.24%	17.05%	9.40%
Free Cash Flow Per Share	15.58	17.98	29.89	58.64	17.68
Levered Free Cash Flow	7,007	2,895	9,304	33,384	20,059
Unlevered Free Cash Flow	5,204	5,584	10,704	32,577	19,633

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.