Ecopetrol Cash Flow Statement

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

Millions COP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Net Income	16,701,674	19,062,091	33,406,291	16,694,684	1,586,677	13,744,011	Upgrade
Depreciation & Amortization	18,540,247	17,438,316	13,784,229	10,282,203	9,990,379	9,940,115	Upgrade
Loss (Gain) From Sale of Assets	-127,222	-123,625	100,350	58,006	174,987	118,275	Upgrade
Asset Writedown & Restructuring Costs	-61,506	-63,186	-337,167	312,976	-935,437	426,556	Upgrade
Loss (Gain) From Sale of Investments	-168,918	-237,094	-74,990	-284,657	22,564	337,371	Upgrade
Loss (Gain) on Equity Investments	-694,505	-805,349	-768,422	-426,164	-76,336	-366,904	Upgrade
Other Operating Activities	9,286,704	13,180,424	21,608,648	9,291,480	1,207,319	2,728,677	Upgrade
Change in Accounts Receivable	953,709	-22,166,387	-28,471,881	-9,457,451	678,349	2,381,905	Upgrade
Change in Inventory	-1,014,217	808,127	-2,831,729	-2,980,134	716,077	-597,552	Upgrade
Change in Accounts Payable	-1,009,343	511,342	3,690,068	3,117,982	-2,550,411	1,389,064	Upgrade
Change in Income Taxes	-4,160,423	-5,854,882	-3,100,744	-2,448,882	-	-	Upgrade
Change in Other Net Operating Assets	-570,759	-1,949,225	-770,083	-1,624,022	-370,575	-980,417	Upgrade
Operating Cash Flow	37,675,441	19,800,552	36,234,570	22,536,021	9,186,704	27,711,767	Upgrade
Operating Cash Flow Growth	19.59%	-45.35%	60.79%	145.31%	-66.85%	23.33%	Upgrade
Capital Expenditures	-21,522,771	-23,298,831	-20,714,304	-12,850,616	-11,026,779	-13,810,852	Upgrade
Sale of Property, Plant & Equipment	766,043	728,995	373,634	17,986	-	154,780	Upgrade
Cash Acquisitions	-	-	-	-8,951,587	-	-	Upgrade
Sale (Purchase) of Intangibles	-745,606	-776,596	-1,147,510	-444,346	-90,082	-168,289	Upgrade
Investment in Securities	-957,648	975,614	972,017	1,238,168	2,107,856	3,117,549	Upgrade
Other Investing Activities	2,163,826	2,366,569	2,437,086	472,164	480,200	670,843	Upgrade
Investing Cash Flow	-20,311,654	-20,019,738	-18,095,033	-20,518,231	-8,528,805	-10,035,969	Upgrade
Long-Term Debt Issued	-	34,035,090	16,844,029	24,666,792	13,805,403	359,876	Upgrade
Long-Term Debt Repaid	-	-22,193,309	-16,844,049	-11,603,570	-5,354,424	-1,896,956	Upgrade
Net Debt Issued (Repaid)	8,082,332	11,841,781	-20	13,063,222	8,450,979	-1,537,080	Upgrade
Common Dividends Paid	-12,378,955	-2,747,231	-11,622,778	-696,387	-7,369,499	-9,251,225	Upgrade
Other Financing Activities	-9,824,970	-9,449,159	-7,311,244	-5,408,455	-3,710,535	-2,722,641	Upgrade
Financing Cash Flow	-14,124,891	-354,609	-18,934,042	6,958,380	-2,629,055	-17,170,332	Upgrade
Foreign Exchange Rate Adjustments	-1,326,856	-2,491,148	1,645,657	491,428	-22,294	258,548	Upgrade
Net Cash Flow	1,912,040	-3,064,943	851,152	9,467,598	-1,993,450	764,014	Upgrade
Free Cash Flow	16,152,670	-3,498,279	15,520,266	9,685,405	-1,840,075	13,900,915	Upgrade
Free Cash Flow Growth	99.80%	-	60.24%	-	-	-1.51%	Upgrade
Free Cash Flow Margin	12.07%	-2.45%	9.73%	10.56%	-3.66%	19.44%	Upgrade
Free Cash Flow Per Share	392.85	-85.08	377.47	235.56	-44.75	338.08	Upgrade
Cash Interest Paid	6,956,557	6,580,746	5,492,251	3,333,555	2,345,683	1,766,223	Upgrade
Cash Income Tax Paid	13,373,325	12,832,403	8,761,294	5,702,902	5,457,225	5,295,703	Upgrade
Levered Free Cash Flow	12,177,076	14,680,466	14,223,185	1,575,678	-2,777,490	11,541,466	Upgrade
Unlevered Free Cash Flow	16,547,140	19,007,861	17,671,571	3,510,193	-1,287,276	12,725,522	Upgrade
Change in Net Working Capital	2,594,735	274,789	11,653,662	12,277,925	4,263,759	-3,658,516	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.