Ecopetrol S.A. (EC)

Ecopetrol Cash Flow Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	21,060,798	21,060,798	31,604,781	15,649,143	1,586,677	13,744,011
Depreciation & Amortization	13,812,387	13,812,387	12,128,991	10,159,922	9,324,538	8,582,783
Other Operating Activities	-15,072,633	-15,072,633	-7,499,202	-3,273,044	-1,724,511	5,384,973
Operating Cash Flow	19,800,552	19,800,552	36,234,570	22,536,021	9,186,704	27,711,767
Operating Cash Flow Growth	-45.35%	-45.35%	60.79%	145.31%	-66.85%	23.33%
Capital Expenditures	-22,585,325	-22,585,325	-20,356,626	-12,832,630	-11,026,779	-13,656,072
Acquisitions	-853	-853	-329,377	-8,996,322	0	0
Change in Investments	1,458,591	1,458,591	2,772,528	1,488,951	2,265,097	3,306,718
Other Investing Activities	1,107,849	1,107,849	-181,558	-178,230	232,877	313,385
Investing Cash Flow	-20,019,738	-20,019,738	-18,095,033	-20,518,231	-8,528,805	-10,035,969
Dividends Paid	-5,570,876	-5,570,876	-13,356,947	-2,771,287	-8,734,351	-13,867,029
Debt Issued / Paid	11,841,781	11,841,781	-20	13,063,222	8,450,979	-1,537,080
Other Financing Activities	-6,625,514	-6,625,514	-5,577,075	-3,333,555	-2,345,683	-1,766,223
Financing Cash Flow	-354,609	-354,609	-18,934,042	6,958,380	-2,629,055	-17,170,332
Exchange Rate Effect	-2,491,148	-2,491,148	1,645,657	491,428	-22,294	258,548
Net Cash Flow	-3,064,943	-3,064,943	851,152	9,467,598	-1,993,450	764,014
Free Cash Flow	-2,784,773	-2,784,773	15,877,944	9,703,391	-1,840,075	14,055,695
Free Cash Flow Growth	-	-	63.63%	-	-	-1.07%
Free Cash Flow Margin	-1.94%	-1.94%	9.95%	10.56%	-3.66%	19.66%
Free Cash Flow Per Share	-1354.57	-1354.57	7723.36	4719.93	-895.05	6836.98

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).