Repsol Cash Flow Statement

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

Millions EUR. 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	1,899	1,756	3,168	4,251	2,499
Depreciation & Amortization	2,026	2,771	2,316	2,451	2,133
Other Amortization	155	135	120	105	116
Loss (Gain) From Sale of Assets	-14	-2	-4	-77	-10
Asset Writedown & Restructuring Costs	102	830	136	2,096	232
Loss (Gain) From Sale of Investments	-	-	-	176	-
Loss (Gain) on Equity Investments	-53	-439	-34	-989	-301
Provision & Write-off of Bad Debts	155	142	174	184	186
Other Operating Activities	488	-220	-243	1,010	929
Change in Accounts Receivable	286	-666	1,585	248	-3,785
Change in Inventory	172	-422	154	-764	-1,340
Change in Accounts Payable	149	1,080	-861	-859	4,018
Operating Cash Flow	5,365	4,965	6,511	7,832	4,677
Operating Cash Flow Growth	8.06%	-23.74%	-16.87%	67.46%	70.82%
Capital Expenditures	-3,746	-5,106	-4,289	-3,535	-1,902
Sale of Property, Plant & Equipment	317	524	37	473	105
Cash Acquisitions	-413	-1,142	-898	-193	-539
Divestitures	685	368	659	124	270
Investment in Securities	-2,763	2,391	-1,623	-1,003	-891
Other Investing Activities	147	271	261	31	24
Investing Cash Flow	-5,773	-2,694	-5,853	-4,103	-2,933
Long-Term Debt Issued	14,747	13,337	9,256	13,500	11,417
Long-Term Debt Repaid	-14,602	-12,309	-11,266	-14,648	-10,592
Net Debt Issued (Repaid)	145	1,028	-2,010	-1,148	825
Issuance of Common Stock	1,511	285	492	170	1,370
Repurchase of Common Stock	-727	-1,135	-1,775	-1,884	-1,552
Common Dividends Paid	-1,197	-1,153	-979	-989	-625
Other Financing Activities	-596	-666	1,219	1,019	-547
Financing Cash Flow	-864	-1,641	-3,053	-2,832	-529
Foreign Exchange Rate Adjustments	-225	-1	12	20	59
Net Cash Flow	-1,497	629	-2,383	917	1,274
Free Cash Flow	1,619	-141	2,222	4,297	2,775
Free Cash Flow Growth	-	-	-48.29%	54.85%	225.70%
Free Cash Flow Margin	3.35%	-0.27%	4.18%	6.20%	6.23%
Free Cash Flow Per Share	1.43	-0.12	1.76	3.04	1.86
Cash Interest Paid	407	401	333	365	-
Cash Income Tax Paid	312	51	1,968	2,398	920
Levered Free Cash Flow	-243	-311.25	1,747	1,830	2,875
Unlevered Free Cash Flow	52	1.88	2,028	2,090	3,129
Change in Working Capital	607	-8	878	-1,375	-1,107

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.