PetroChina Company Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	158,199	157,318	164,684	161,416	148,743	92,170
Depreciation & Amortization	255,668	253,099	246,757	255,245	244,509	236,818
Loss (Gain) From Sale of Assets	9,484	8,725	8,805	11,222	20,432	15,971
Asset Writedown & Restructuring Costs	12,355	6,273	4,244	2,207	12,298	-10,847
Loss (Gain) From Sale of Investments	-1,989	-1,989	-4,946	-2,218	2,745	-
Loss (Gain) on Equity Investments	-17,618	-17,531	-18,644	-18,538	-15,251	-13,267
Provision & Write-off of Bad Debts	1,030	1,084	743	43	1,625	415
Other Operating Activities	32,986	29,223	36,137	34,691	24,904	55,108
Change in Accounts Receivable	-42,662	-1,150	-12,400	-15,002	-20,127	-8,265
Change in Inventory	-28,786	15,196	9,934	-19,182	-32,470	-15,889
Change in Accounts Payable	-15,116	-42,071	-25,108	40,374	7,504	2,251
Change in Unearned Revenue	-6,065	4,333	-3,674	6,589	-1,144	-12,996
Operating Cash Flow	357,486	412,510	406,532	456,847	393,768	341,469
Operating Cash Flow Growth	-	1.47%	-11.01%	16.02%	15.32%	7.19%
Capital Expenditures	-289,374	-292,321	-302,180	-280,876	-243,713	-261,617
Sale of Property, Plant & Equipment	1,428	1,503	604	-	-	2,746
Cash Acquisitions	-103	-103	-11	-	-	-
Divestitures	1,612	1,438	172	-	-	-
Sale (Purchase) of Intangibles	-458	-468	-471	-4,400	-1,524	-3,946
Investment in Securities	-28,359	-8,236	-34,947	5,161	-7,750	-582
Other Investing Activities	34,581	32,482	29,486	24,365	20,016	50,367
Investing Cash Flow	-280,673	-265,705	-307,347	-255,750	-232,971	-213,032
Short-Term Debt Issued	-	574,180	536,627	590,547	784,049	681,258
Long-Term Debt Issued	-	35,978	89,309	48,279	82,299	128,834
Total Debt Issued	622,276	610,158	625,936	638,826	866,348	810,092
Short-Term Debt Repaid	-	-609,592	-637,760	-652,101	-800,692	-758,307
Long-Term Debt Repaid	-	-17,993	-57,051	-31,496	-103,367	-91,143
Total Debt Repaid	-599,737	-627,585	-694,811	-683,597	-904,059	-849,450
Net Debt Issued (Repaid)	22,539	-17,427	-68,875	-44,771	-37,711	-39,358
Common Dividends Paid	-86,020	-86,020	-82,360	-78,982	-54,686	-39,866
Other Financing Activities	-46,908	-7,888	-27,641	-23,109	-21,316	-28,747
Financing Cash Flow	-110,389	-111,335	-178,876	-146,862	-113,713	-107,971
Foreign Exchange Rate Adjustments	-3,824	-1,785	3,167	3,576	7,317	-2,308
Net Cash Flow	-37,400	33,685	-76,524	57,811	54,401	18,158
Free Cash Flow	68,112	120,189	104,352	175,971	150,055	79,852
Free Cash Flow Growth	-	15.18%	-40.70%	17.27%	87.92%	13.75%
Free Cash Flow Margin	2.39%	4.20%	3.55%	5.84%	4.63%	3.05%
Free Cash Flow Per Share	0.37	0.66	0.57	0.96	0.82	0.44
Cash Interest Paid	13,600	14,384	12,760	18,520	12,298	12,821
Cash Income Tax Paid	51,923	51,923	55,334	62,583	64,026	26,493
Levered Free Cash Flow	52,692	82,748	56,452	131,751	129,513	58,547
Unlevered Free Cash Flow	52,692	93,727	69,409	146,790	142,984	70,884
Change in Working Capital	-92,629	-23,692	-31,248	12,779	-46,237	-34,899

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