PJSC Tatneft Cash Flow Statement

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

Millions RUB. 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	158,623	306,140	287,921	284,572	198,412
Depreciation & Amortization	73,207	62,238	67,336	48,547	42,663
Loss (Gain) From Sale of Assets	28	56	-17,153	346	14
Asset Writedown & Restructuring Costs	16,537	6,576	13,871	29,344	3,576
Loss (Gain) From Sale of Investments	11,310	-759	408	-3,097	-3,070
Loss (Gain) on Equity Investments	-68	2,963	-2,395	-288	-11
Other Operating Activities	6,959	53,983	18,672	-2,755	16,013
Change in Accounts Receivable	30,377	5,739	-91,661	-24,694	-4,559
Change in Inventory	12,466	-7,586	-30,396	-11,482	-32,467
Change in Accounts Payable	-1,027	6,631	37,787	2,265	15,114
Change in Income Taxes	-47,345	-12,843	68,859	-16,511	58,441
Change in Other Net Operating Assets	-2,494	10,095	-40,302	32,076	-28,170
Operating Cash Flow	261,795	425,129	326,632	357,698	267,494
Operating Cash Flow Growth	-38.42%	30.15%	-8.69%	33.72%	33.50%
Capital Expenditures	-135,901	-170,967	-223,599	-160,895	-119,106
Sale of Property, Plant & Equipment	173	498	317	456	1,593
Cash Acquisitions	-780	-4,068	-39,684	-24,455	-6,589
Sale (Purchase) of Intangibles	-5,554	-3,725	-	-	-
Investment in Securities	-7,436	9,226	1,711	78,901	-79,783
Other Investing Activities	3,520	4,089	2,356	-8,127	22,681
Investing Cash Flow	-148,730	-181,637	-296,908	-117,054	-172,638
Long-Term Debt Issued	381,045	112,958	57,373	12,888	9,388
Long-Term Debt Repaid	-359,657	-129,771	-68,504	-22,534	-12,842
Net Debt Issued (Repaid)	21,388	-16,813	-11,131	-9,646	-3,454
Issuance of Common Stock	-	-	11	-	-
Common Dividends Paid	-179,811	-222,590	-141,304	-132,876	-64,804
Other Financing Activities	50	26,420	30,856	10,508	-47
Financing Cash Flow	-158,373	-212,983	-121,568	-132,014	-68,305
Foreign Exchange Rate Adjustments	-5,197	2,830	8,095	-7,253	-169
Net Cash Flow	-50,505	33,339	-83,749	101,377	26,382
Free Cash Flow	125,894	254,162	103,033	196,803	148,388
Free Cash Flow Growth	-50.47%	146.68%	-47.65%	32.63%	55.06%
Free Cash Flow Margin	6.92%	12.52%	6.48%	13.79%	12.31%
Free Cash Flow Per Share	-	-	45.77	87.43	65.92
Cash Interest Paid	-	-	2,077	2,324	2,434
Cash Income Tax Paid	-	-	78,939	79,243	48,900
Levered Free Cash Flow	9,755	82,375	77,929	122,540	138,787
Unlevered Free Cash Flow	46,803	116,269	100,012	134,429	146,939
Change in Working Capital	-5,841	2,435	-52,463	-21,200	10,626

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