Ecopetrol Cash Flow Statement

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

Millions COP. 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	8,789,000	9,029,000	14,935,000	19,062,000	33,406,291	16,694,684
Depreciation & Amortization	16,963,000	17,095,000	16,638,000	17,438,000	13,784,229	10,282,203
Loss (Gain) From Sale of Assets	-46,000	-31,000	71,000	-123,000	100,350	58,006
Asset Writedown & Restructuring Costs	-294,000	-294,000	-1,185,000	-64,000	-337,167	312,976
Loss (Gain) From Sale of Investments	-	-	-15,000	8,000	2,092	-284,657
Loss (Gain) on Equity Investments	-687,000	-710,000	-764,000	-805,000	-768,422	-426,164
Other Operating Activities	9,196,000	9,721,000	12,785,000	11,208,000	20,598,740	9,291,480
Change in Accounts Receivable	-2,881,000	296,000	9,052,000	-20,439,000	-27,539,055	-9,457,451
Change in Inventory	186,000	897,000	533,000	808,000	-2,831,729	-2,980,134
Change in Accounts Payable	794,000	-1,290,000	-1,275,000	511,000	3,690,068	3,117,982
Change in Income Taxes	3,550,000	-334,000	-1,999,000	-5,855,000	-3,100,744	-2,448,882
Change in Other Net Operating Assets	-1,172,000	-1,037,000	-3,649,000	-1,948,000	-770,083	-1,624,022
Operating Cash Flow	34,398,000	33,342,000	45,127,000	19,801,000	36,234,570	22,536,021
Operating Cash Flow Growth	-23.96%	-26.11%	127.90%	-45.35%	60.78%	145.31%
Capital Expenditures	-21,649,000	-21,422,000	-20,930,000	-23,314,000	-20,730,260	-12,850,616
Sale of Property, Plant & Equipment	70,000	113,000	355,000	729,000	373,634	17,986
Cash Acquisitions	808,000	-301,000	-	-	-	-8,951,587
Sale (Purchase) of Intangibles	-531,000	-502,000	-866,000	-776,000	-1,147,510	-444,346
Sale (Purchase) of Real Estate	-12,000	-12,000	-12,000	-	-	-
Investment in Securities	3,938,000	2,259,000	-2,475,000	975,000	972,017	1,238,168
Other Investing Activities	1,932,000	1,953,000	1,894,000	2,366,000	2,437,086	472,164
Investing Cash Flow	-15,444,000	-17,912,000	-22,034,000	-20,020,000	-18,095,033	-20,518,231
Long-Term Debt Issued	-	18,402,000	27,155,000	34,035,000	16,844,029	24,666,792
Long-Term Debt Repaid	-	-15,698,000	-26,611,000	-22,193,000	-16,844,049	-11,603,570
Net Debt Issued (Repaid)	781,000	2,704,000	544,000	11,842,000	-20	13,063,222
Repurchase of Common Stock	-18,000	-18,000	-30,000	-44,000	-84,824	-
Common Dividends Paid	-8,087,000	-8,784,000	-12,804,000	-2,747,000	-11,622,778	-696,387
Other Financing Activities	-11,418,000	-11,267,000	-10,397,000	-9,406,000	-7,226,420	-5,408,455
Financing Cash Flow	-18,742,000	-17,365,000	-22,687,000	-355,000	-18,934,042	6,958,380
Foreign Exchange Rate Adjustments	-1,434,000	-1,425,000	1,312,000	-2,491,000	1,645,657	491,428
Net Cash Flow	-1,222,000	-3,360,000	1,718,000	-3,065,000	851,152	9,467,598
Free Cash Flow	12,749,000	11,920,000	24,197,000	-3,513,000	15,504,310	9,685,405
Free Cash Flow Growth	-47.91%	-50.74%	-	-	60.08%	-
Free Cash Flow Margin	10.90%	9.96%	18.15%	-2.46%	9.72%	10.56%
Free Cash Flow Per Share	310.07	289.91	588.50	-85.44	377.08	235.56
Cash Interest Paid	8,309,000	8,334,000	7,636,000	6,582,000	5,492,251	3,333,555
Cash Income Tax Paid	9,133,000	9,029,000	10,219,000	12,832,000	8,761,294	5,702,902
Levered Free Cash Flow	8,922,439	7,896,750	22,625,069	14,665,086	14,207,229	1,575,678
Unlevered Free Cash Flow	13,623,689	12,649,250	27,235,694	18,992,586	17,655,615	3,510,193
Change in Working Capital	477,000	-1,468,000	2,662,000	-26,923,000	-30,551,543	-13,392,507