Ecopetrol Cash Flow Statement

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

Millions COP. 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	12,934,000	19,614,000	23,305,000	35,199,500	17,630,600
Depreciation & Amortization	16,107,000	15,197,000	13,812,000	12,129,000	10,159,900
Other Adjustments	14,798,000	17,873,000	22,439,000	28,218,900	13,841,000
Change in Receivables	296,000	9,052,000	-20,439,000	-27,539,100	-9,457,450
Changes in Inventories	897,000	533,000	808,000	-2,831,730	-2,980,130
Changes in Accounts Payable	-1,290,000	-1,275,000	511,000	3,690,070	3,117,980
Changes in Income Taxes Payable	-9,363,000	-12,218,000	-18,687,000	-11,862,000	-8,151,780
Changes in Other Operating Activities	-1,037,000	-3,649,000	-1,948,000	-770,083	-1,624,020
Operating Cash Flow	33,342,000	45,127,000	19,801,000	36,234,600	22,536,000
Operating Cash Flow Growth	-26.11%	127.90%	-45.35%	60.78%	145.31%
Capital Expenditures	-21,434,000	-20,942,000	-23,314,000	-20,730,300	-12,850,600
Sale of Property, Plant & Equipment	113,000	355,000	729,000	373,634	17,986
Purchases of Intangible Assets	-502,000	-866,000	-776,000	-1,147,510	-444,346
Proceeds from Sale of Investments	2,265,000	-2,455,000	976,000	1,301,390	1,282,900
Payments for Business Acquisitions	-366,000	-158,000	-	-	-8,951,590
Other Investing Activities	2,012,000	2,032,000	2,365,000	2,107,710	427,429
Investing Cash Flow	-17,912,000	-22,034,000	-20,020,000	-18,095,000	-20,518,200
Long-Term Debt Issued	18,402,000	27,155,000	34,035,000	16,844,000	24,666,800
Long-Term Debt Repaid	-15,192,000	-26,158,000	-21,660,000	-16,409,500	-11,267,500
Net Long-Term Debt Issued (Repaid)	3,210,000	997,000	12,375,000	434,535	13,399,300
Repurchase of Common Stock	-18,000	-30,000	-44,000	-84,824	-
Net Common Stock Issued (Repurchased)	-18,000	-30,000	-44,000	-84,824	-
Common Dividends Paid	-11,717,000	-15,565,000	-5,571,000	-13,356,900	-2,771,290
Other Financing Activities	-8,840,000	-8,089,000	-7,115,000	-5,926,810	-3,669,590
Financing Cash Flow	-17,365,000	-22,687,000	-355,000	-18,934,000	6,958,380
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-1,425,000	1,312,000	-2,491,000	1,645,660	491,428
Net Cash Flow	-3,360,000	1,718,000	-3,065,000	851,152	9,467,600
Free Cash Flow	11,908,000	24,185,000	-3,513,000	15,504,300	9,685,410
Free Cash Flow Growth	-50.76%	-	-	60.08%	-
FCF Margin	9.95%	18.14%	-2.46%	9.71%	10.54%
Free Cash Flow Per Share	5792.29	11764.10	-1708.79	7541.61	4711.18
Levered Free Cash Flow	-3,881,000	-6,422,000	2,619,000	11,664,300	16,719,700
Unlevered Free Cash Flow	2,175,220	2,213,800	-2,434,220	18,766,800	7,484,810

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q