Repsol Cash Flow Statement

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

Millions EUR. 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	1,141	1,756	3,168	4,251	2,499	-3,289
Depreciation & Amortization	2,459	2,771	2,316	2,451	2,133	2,227
Other Amortization	135	135	120	105	116	96
Loss (Gain) From Sale of Assets	-2	-2	-4	-77	-10	-
Asset Writedown & Restructuring Costs	830	830	136	2,096	232	2,043
Loss (Gain) From Sale of Investments	-	-	-	176	-	-
Loss (Gain) on Equity Investments	-439	-439	-34	-989	-301	609
Provision & Write-off of Bad Debts	142	142	174	184	186	-
Other Operating Activities	1,028	-220	-243	1,010	929	52
Change in Accounts Receivable	-666	-666	1,585	248	-3,785	985
Change in Inventory	-422	-422	154	-764	-1,340	1,525
Change in Accounts Payable	1,080	1,080	-861	-859	4,018	-1,510
Operating Cash Flow	5,461	4,965	6,511	7,832	4,677	2,738
Operating Cash Flow Growth	-0.67%	-23.74%	-16.87%	67.46%	70.82%	-43.54%
Capital Expenditures	-3,645	-4,725	-4,289	-3,535	-1,902	-1,886
Sale of Property, Plant & Equipment	523	498	37	473	105	104
Cash Acquisitions	-364	-997	-898	-193	-539	-132
Divestitures	660	208	659	124	270	1,010
Investment in Securities	-662	2,051	-1,623	-1,003	-891	1,074
Other Investing Activities	218	271	261	31	24	52
Investing Cash Flow	-3,270	-2,694	-5,853	-4,103	-2,933	222
Long-Term Debt Issued	-	13,337	9,256	13,500	11,417	10,163
Long-Term Debt Repaid	-	-12,309	-11,266	-14,648	-10,592	-11,369
Net Debt Issued (Repaid)	859	1,028	-2,010	-1,148	825	-1,206
Issuance of Common Stock	417	285	492	170	1,370	1,879
Repurchase of Common Stock	-803	-1,135	-1,775	-1,884	-1,552	-1,371
Common Dividends Paid	-1,197	-1,153	-979	-989	-625	-346
Other Financing Activities	-923	-666	1,219	1,019	-547	-571
Financing Cash Flow	-1,647	-1,641	-3,053	-2,832	-529	-1,615
Foreign Exchange Rate Adjustments	-196	-1	12	20	59	-3
Net Cash Flow	348	629	-2,383	917	1,274	1,342
Free Cash Flow	1,816	240	2,222	4,297	2,775	852
Free Cash Flow Growth	437.28%	-89.20%	-48.29%	54.85%	225.70%	-47.47%
Free Cash Flow Margin	3.71%	0.47%	4.18%	6.20%	6.23%	3.02%
Free Cash Flow Per Share	1.56	0.20	1.76	3.04	1.86	0.54
Cash Interest Paid	420	401	333	365	-	-
Cash Income Tax Paid	-	51	1,968	2,398	920	-100
Levered Free Cash Flow	1,559	-90.26	1,747	1,830	2,875	870.33
Unlevered Free Cash Flow	1,851	222.87	2,028	2,090	3,129	1,208
Change in Working Capital	167	-8	878	-1,375	-1,107	1,000

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