Oil Refineries Cash Flow Statement

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

Millions USD. 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	47	113	408	441	252.84
Depreciation & Amortization	206	182	173	155	171.91
Loss (Gain) on Equity Investments	-16	-	-	-	-
Other Operating Activities	34	-14	144	209	207.31
Change in Accounts Receivable	52	26	-30	8	-226.44
Change in Inventory	94	57	-19	-19	-377.36
Change in Accounts Payable	-59	19	96	-43	39.74
Change in Other Net Operating Assets	-61	58	-67	-50	-55.06
Operating Cash Flow	297	441	705	701	12.94
Operating Cash Flow Growth	-32.65%	-37.45%	0.57%	5316.89%	-97.03%
Capital Expenditures	-259	-187	-163	-204	-102.89
Investment in Securities	-103	-	-	-	-
Other Investing Activities	60	88	10	-23	-30.52
Investing Cash Flow	-302	-84	-153	-227	-133.41
Long-Term Debt Issued	272	287	177	157	247.62
Total Debt Issued	272	287	177	157	247.62
Long-Term Debt Repaid	-274	-370	-319	-308	-225.41
Total Debt Repaid	-274	-370	-319	-308	-225.41
Net Debt Issued (Repaid)	-2	-83	-142	-151	22.22
Repurchase of Common Stock	-	-10	-23	-	-
Common Dividends Paid	-50	-174	-250	-120	-
Other Financing Activities	-77	-96	-125	-92	-71.96
Financing Cash Flow	-129	-363	-540	-363	-49.75
Foreign Exchange Rate Adjustments	-3	-5	-	2	-1.76
Net Cash Flow	-137	-11	12	113	-171.97
Free Cash Flow	38	254	542	497	-89.95
Free Cash Flow Growth	-85.04%	-53.14%	9.05%	-	-
Free Cash Flow Margin	0.65%	3.37%	6.51%	4.59%	-1.37%
Free Cash Flow Per Share	0.01	0.08	0.17	0.16	-0.03
Cash Interest Paid	-	100	111	96	92.59
Cash Income Tax Paid	-	74	-3	19	4.35
Levered Free Cash Flow	-124.13	170.75	344.13	165.52	-280.1
Unlevered Free Cash Flow	-49.75	238.88	412.88	233.65	-222.22
Change in Working Capital	26	160	-20	-104	-619.12

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