BVC:GASORIENTE Cash Flow Statement

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

Millions COP. 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	55,448	46,325	65,847	53,762	24,249
Depreciation & Amortization	6,619	6,092	5,339	4,739	4,913
Loss (Gain) on Sale of Assets	883.57	-33.7	-13.79	-37.33	-361.39
Loss (Gain) on Sale of Investments	854.78	357.71	-	775.13	1,158
Loss (Gain) on Equity Investments	-22,889	-23,732	-38,004	-24,817	-12,187
Change in Accounts Receivable	-46,591	-59,089	-33,915	-12,501	-29,711
Change in Inventory	434.35	339.27	-1,296	-1,914	-1,902
Change in Accounts Payable	-18,762	-5,315	-6,803	-33,006	14,280
Other Operating Activities	22,797	21,967	15,755	23,280	4,972
Operating Cash Flow	1,716	-6,848	12,843	14,993	7,773
Operating Cash Flow Growth	-	-	-14.34%	92.87%	-77.70%
Capital Expenditures	-17,089	-29,400	-25,645	-26,124	-19,104
Sale (Purchase) of Intangibles	-207.11	-125.43	-222.21	-	-
Investment in Securities	22,625	-	-	1,400	-
Other Investing Activities	-	26,670	24,355	12,187	20,503
Investing Cash Flow	5,329	-2,855	-1,513	-12,536	1,399
Long-Term Debt Issued	37,000	76,600	33,800	54,290	25,239
Long-Term Debt Repaid	-4,378	-4,826	-2,313	-13,721	-2,225
Net Debt Issued (Repaid)	32,622	71,774	31,487	40,569	23,014
Common Dividends Paid	-49,820	-52,198	-41,132	-31,208	-34,991
Other Financing Activities	-3,593	-2,324	-2,541	-1,551	-1,072
Financing Cash Flow	-20,792	17,252	-12,187	7,810	-13,049
Miscellaneous Cash Flow Adjustments	-	-	-	573.21	-
Net Cash Flow	-13,747	7,549	-856.32	10,839	-3,877
Free Cash Flow	-15,373	-36,248	-12,802	-11,131	-11,331
Free Cash Flow Margin	-4.03%	-10.28%	-3.91%	-3.83%	-4.65%
Free Cash Flow Per Share	-	-295.57	-104.39	-90.76	-92.39
Cash Interest Paid	-	21,102	20,096	3,717	2,795
Cash Income Tax Paid	-	2,286	4,802	953.11	3,670
Levered Free Cash Flow	-25,387	-26,417	-19,088	-23,630	-296.6
Unlevered Free Cash Flow	-4,009	-11,070	-6,560	-17,880	1,562
Change in Working Capital	-64,918	-64,065	-42,014	-47,421	-17,334

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