Organización Terpel Cash Flow Statement

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

Millions COP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	609,562	530,756	285,274	333,412	375,722	-39,738
Depreciation & Amortization	281,876	331,314	338,831	323,891	299,539	365,925
Other Amortization	68,857	36,139	36,323	29,061	29,348	23,228
Other Operating Activities	136,648	594,703	880,069	-529,616	-85,375	384,829
Operating Cash Flow	1,096,943	1,492,912	1,540,496	156,748	619,235	734,244
Operating Cash Flow Growth	-39.03%	-3.09%	882.78%	-74.69%	-15.66%	13.93%
Capital Expenditures	-276,208	-321,878	-384,145	-411,785	-302,099	-151,894
Sale of Property, Plant & Equipment	111,224	3,029	3,525	1,649	1,813	1,865
Cash Acquisitions	-42,982	-8.12	-4,000	-7,040	-	-
Sale (Purchase) of Intangibles	-41,103	-45,828	-48,861	-48,453	-45,536	-60,468
Investment in Securities	-	-	-	-	-20.91	27,948
Other Investing Activities	5,615	7,183	3,366	4,771	6,841	4,307
Investing Cash Flow	-243,454	-357,502	-430,115	-460,858	-339,003	-178,242
Short-Term Debt Issued	-	-	669,448	780,318	67,970	266,839
Long-Term Debt Issued	-	10,431	418,723	101,411	-	481,231
Total Debt Issued	390,766	10,431	1,088,171	881,729	67,970	748,071
Long-Term Debt Repaid	-	-396,066	-1,164,976	-258,116	-131,146	-762,837
Net Debt Issued (Repaid)	-290,656	-385,635	-76,805	623,613	-63,176	-14,766
Common Dividends Paid	-252,619	-136,615	-159,167	-206,593	-50.22	-118,855
Other Financing Activities	-272,561	-353,186	-487,533	-288,257	-143,826	-166,668
Financing Cash Flow	-815,836	-875,436	-723,505	128,764	-207,053	-300,290
Foreign Exchange Rate Adjustments	-33,469	46,352	-53,323	52,446	26,264	-7,377
Net Cash Flow	4,184	306,327	333,554	-122,900	99,443	248,335
Free Cash Flow	820,734	1,171,034	1,156,351	-255,037	317,136	582,351
Free Cash Flow Growth	-43.67%	1.27%	-	-	-45.54%	40.99%
Free Cash Flow Margin	2.31%	3.45%	3.46%	-0.72%	1.37%	3.55%
Free Cash Flow Per Share	4523.84	6454.66	6373.73	-1405.75	1748.03	3209.88
Cash Interest Paid	336,723	416,453	544,796	345,984	190,958	213,608
Cash Income Tax Paid	461,602	259,605	223,099	259,314	104,956	86,479
Levered Free Cash Flow	737,063	680,807	794,233	-682,040	53,585	405,945
Unlevered Free Cash Flow	945,755	932,752	1,137,191	-450,578	176,376	538,038

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.