Marathon Petroleum Cash Flow Statement

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

Millions USD. 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	2,883	3,445	9,681	14,516	9,738	-9,826
Depreciation & Amortization	3,249	3,337	3,307	3,215	3,364	3,375
Other Amortization	74	-	-	-	-	69
Loss (Gain) From Sale of Assets	-15	-28	-217	-1,061	-21	-70
Asset Writedown & Restructuring Costs	-	-	-	-	-	8,426
Loss (Gain) on Equity Investments	-1,695	-1,048	-742	-655	-458	935
Other Operating Activities	3,195	2,560	1,793	1,977	-5,170	-2,371
Change in Accounts Receivable	-238	1,117	2,109	-2,858	-5,299	1,465
Change in Inventory	33	-270	-489	-787	-33	1,750
Change in Accounts Payable	-	-	-	-	6,260	-2,927
Change in Other Net Operating Assets	-95	-448	-1,325	1,972	3	-19
Operating Cash Flow	7,391	8,665	14,117	16,361	4,360	2,419
Operating Cash Flow Growth	-2.51%	-38.62%	-13.72%	275.25%	80.24%	-74.38%
Capital Expenditures	-3,115	-2,533	-1,890	-2,420	-1,464	-2,787
Sale of Property, Plant & Equipment	51	35	36	90	153	150
Cash Acquisitions	-3,382	-688	-246	-413	-	-
Investment in Securities	853	4,524	-1,697	2,542	-5,719	-348
Other Investing Activities	247	196	702	824	21,827	-272
Investing Cash Flow	-5,346	1,534	-3,095	623	14,797	-3,257
Short-Term Debt Issued	-	-	-	-	7,414	2,055
Long-Term Debt Issued	-	1,631	1,589	3,379	12,150	17,082
Total Debt Issued	16,221	1,631	1,589	3,379	19,564	19,137
Short-Term Debt Repaid	-	-	-	-	-8,437	-1,031
Long-Term Debt Repaid	-	-1,984	-1,079	-2,280	-17,400	-15,380
Total Debt Repaid	-12,666	-1,984	-1,079	-2,280	-25,837	-16,411
Net Debt Issued (Repaid)	3,555	-353	510	1,099	-6,273	2,726
Issuance of Common Stock	30	25	62	243	106	11
Repurchase of Common Stock	-3,861	-9,189	-11,572	-11,922	-4,654	-
Common Dividends Paid	-1,132	-1,154	-1,261	-1,279	-1,484	-1,510
Other Financing Activities	-1,987	-1,763	-1,946	-1,788	-2,114	-1,362
Financing Cash Flow	-3,395	-12,434	-14,207	-13,647	-14,419	-135
Net Cash Flow	-1,350	-2,235	-3,185	3,337	4,738	-973
Free Cash Flow	4,276	6,132	12,227	13,941	2,896	-368
Free Cash Flow Growth	-19.71%	-49.85%	-12.29%	381.39%	-	-
Free Cash Flow Margin	3.20%	4.40%	8.19%	7.82%	2.40%	-0.53%
Free Cash Flow Per Share	13.75	17.98	29.89	27.02	4.54	-0.57
Cash Interest Paid	1,258	1,247	1,200	1,060	1,231	1,235
Cash Income Tax Paid	249	732	2,751	4,869	2,436	-179
Levered Free Cash Flow	1,758	4,011	10,086	10,427	16,336	-3,926
Unlevered Free Cash Flow	2,513	4,829	10,877	11,174	17,128	-3,162
Change in Working Capital	-300	399	295	-1,673	931	269

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