Saudi Arabian Oil Company Cash Flow Statement

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

Millions SAR. 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	348,042	393,891	452,753	597,215	395,203
Depreciation & Amortization	97,497	94,375	96,780	91,317	85,348
Other Amortization	364	307	302	359	483
Loss (Gain) From Sale of Assets	4,737	1,983	5,024	3,861	3,971
Asset Writedown & Restructuring Costs	32,425	11,834	3,487	452	140
Loss (Gain) From Sale of Investments	-1,898	-39	-347	237	27
Loss (Gain) on Equity Investments	8,375	4,966	4,001	-2,873	-7,874
Other Operating Activities	352,192	375,238	411,871	554,498	391,273
Change in Accounts Receivable	-9,431	541	47	-22,906	-55,190
Change in Inventory	7,902	1,506	11,285	-26,555	-23,157
Change in Accounts Payable	995	9,110	9,946	13,745	35,763
Change in Income Taxes	-342,422	-385,710	-441,120	-502,856	-292,818
Change in Other Net Operating Assets	12,020	886	-16,215	-8,342	-10,568
Operating Cash Flow	510,798	508,888	537,814	698,152	522,601
Operating Cash Flow Growth	0.38%	-5.38%	-22.97%	33.59%	83.18%
Capital Expenditures	-190,444	-188,890	-158,308	-141,161	-119,645
Investment in Securities	-28,091	162,831	78,250	-254,188	-17,697
Other Investing Activities	14,633	23,198	26,039	6,340	1,601
Investing Cash Flow	-203,902	-2,861	-54,019	-389,009	-135,741
Short-Term Debt Issued	6,573	1,413	-	-	-
Long-Term Debt Issued	51,552	54,398	32,057	9,082	42,213
Total Debt Issued	58,125	55,811	32,057	9,082	42,213
Long-Term Debt Repaid	-30,181	-48,239	-148,134	-144,628	-85,706
Net Debt Issued (Repaid)	27,944	7,572	-116,077	-135,546	-43,493
Issuance of Common Stock	850	788	662	550	384
Repurchase of Common Stock	-	-3,750	-	-	-
Common Dividends Paid	-320,447	-465,918	-366,674	-281,318	-281,305
Other Financing Activities	11,214	-27,050	-28,780	33,639	29,901
Financing Cash Flow	-280,439	-488,358	-510,869	-382,675	-294,513
Net Cash Flow	26,457	17,669	-27,074	-73,532	92,347
Free Cash Flow	320,354	319,998	379,506	556,991	402,956
Free Cash Flow Growth	0.11%	-15.68%	-31.86%	38.23%	118.68%
Free Cash Flow Margin	19.17%	17.76%	20.44%	24.58%	26.83%
Free Cash Flow Per Share	1.32	1.32	1.57	2.30	1.67
Cash Interest Paid	18,382	15,115	14,352	9,839	9,534
Cash Income Tax Paid	2,789	3,193	7,519	2,741	808
Levered Free Cash Flow	390,704	414,063	458,481	622,984	428,099
Unlevered Free Cash Flow	397,148	420,227	461,612	627,106	434,742
Change in Working Capital	-330,936	-373,667	-436,057	-546,914	-345,970

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