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	4,047	3,445	9,681	14,516	9,738
Depreciation & Amortization	3,251	3,337	3,307	3,215	3,364
Other Amortization	39	-31	-78	-	-
Loss (Gain) From Sale of Assets	-173	-28	-217	-1,061	-21
Loss (Gain) on Equity Investments	-367	167	199	-655	-458
Other Operating Activities	1,925	1,376	930	1,977	-5,170
Change in Accounts Receivable	890	1,117	2,109	-2,858	-5,299
Change in Inventory	-596	-270	-489	-787	-33
Change in Accounts Payable	-	-	-	-	6,260
Change in Other Net Operating Assets	-763	-448	-1,325	1,972	3
Operating Cash Flow	8,253	8,665	14,117	16,361	4,360
Operating Cash Flow Growth	-4.75%	-38.62%	-13.72%	275.25%	80.24%
Capital Expenditures	-3,486	-2,533	-1,890	-2,420	-1,464
Sale of Property, Plant & Equipment	1,005	35	36	90	153
Cash Acquisitions	-3,316	-688	-246	-413	-
Investment in Securities	-343	4,524	-1,697	2,542	-5,719
Other Investing Activities	273	196	702	824	21,827
Investing Cash Flow	-5,867	1,534	-3,095	623	14,797
Short-Term Debt Issued	5,055	-	-	-	7,414
Long-Term Debt Issued	11,166	1,631	1,589	3,379	12,150
Total Debt Issued	16,221	1,631	1,589	3,379	19,564
Short-Term Debt Repaid	-5,055	-	-	-	-8,437
Long-Term Debt Repaid	-6,463	-1,984	-1,079	-2,280	-17,400
Total Debt Repaid	-11,518	-1,984	-1,079	-2,280	-25,837
Net Debt Issued (Repaid)	4,703	-353	510	1,099	-6,273
Issuance of Common Stock	24	25	62	243	106
Repurchase of Common Stock	-3,488	-9,189	-11,572	-11,922	-4,654
Common Dividends Paid	-1,140	-1,154	-1,261	-1,279	-1,484
Other Financing Activities	-2,023	-1,763	-1,946	-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	3,337	4,738
Free Cash Flow	4,767	6,132	12,227	13,941	2,896
Free Cash Flow Growth	-22.26%	-49.85%	-12.29%	381.39%	-
Free Cash Flow Margin	3.57%	4.40%	8.19%	7.82%	2.40%
Free Cash Flow Per Share	15.58	17.98	29.89	27.02	4.54
Cash Interest Paid	1,219	1,247	1,200	1,060	1,231
Cash Income Tax Paid	406	732	2,751	4,869	2,436
Levered Free Cash Flow	2,728	3,980	10,008	10,427	16,336
Unlevered Free Cash Flow	3,557	4,829	10,877	11,174	17,128
Change in Working Capital	-469	399	295	-1,673	931

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