Ecopetrol Cash Flow Statement

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

Millions COP. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 2006
Net Income	21,060,798	31,604,781	15,649,143	1,586,677	13,744,011	11,381,386	7,178,539	2,447,881	-6,288,979	5,046,517	Upgrade
Depreciation & Amortization	13,812,387	12,128,991	10,159,922	9,324,538	8,582,783	7,704,850	8,281,347	7,607,000	6,770,358	6,417,207	Upgrade
Other Operating Activities	-15,072,633	-7,499,202	-3,273,044	-1,724,511	5,384,973	3,382,958	1,513,740	4,178,059	11,196,536	6,672,641	Upgrade
Operating Cash Flow	19,800,552	36,234,570	22,536,021	9,186,704	27,711,767	22,469,194	16,973,626	14,232,940	11,677,915	18,136,365	Upgrade
Operating Cash Flow Growth	-45.35%	60.79%	145.31%	-66.85%	23.33%	32.38%	19.26%	21.88%	-35.61%	8.21%	Upgrade
Capital Expenditures	-22,585,325	-20,356,626	-12,832,630	-11,026,779	-13,656,072	-8,262,137	-5,522,364	-5,658,328	-15,239,483	-15,452,842	Upgrade
Acquisitions	-853	-329,377	-8,996,322	0	0	0	-141,950	0	0	0	Upgrade
Change in Investments	1,458,591	2,772,528	1,488,951	2,265,097	3,306,718	-734,621	891,820	-4,041,989	2,246,752	720,217	Upgrade
Other Investing Activities	1,107,849	-181,558	-178,230	232,877	313,385	277,955	388,735	316,748	181,252	1,600,364	Upgrade
Investing Cash Flow	-20,019,738	-18,095,033	-20,518,231	-8,528,805	-10,035,969	-8,718,803	-4,383,759	-9,383,569	-12,811,479	-13,132,261	Upgrade
Dividends Paid	-5,570,876	-13,356,947	-2,771,287	-8,734,351	-13,867,029	-4,427,701	-1,504,647	-1,712,298	-5,493,400	-12,516,566	Upgrade
Debt Issued / Paid	11,841,781	-20	13,063,222	8,450,979	-1,537,080	-8,752,515	-8,562,513	1,444,723	6,082,341	6,401,714	Upgrade
Other Financing Activities	-6,625,514	-5,577,075	-3,333,555	-2,345,683	-1,766,223	-2,610,562	-2,696,979	-2,495,446	-1,981,124	-1,231,351	Upgrade
Financing Cash Flow	-354,609	-18,934,042	6,958,380	-2,629,055	-17,170,332	-15,790,778	-12,764,139	-2,763,021	-1,392,183	-7,346,203	Upgrade
Exchange Rate Effect	-2,491,148	1,645,657	491,428	-22,294	258,548	406,246	-290,310	-226,333	1,458,019	1,155,187	Upgrade
Net Cash Flow	-3,064,943	851,152	9,467,598	-1,993,450	764,014	-1,634,141	-464,582	1,860,017	-1,067,728	-1,186,912	Upgrade
Free Cash Flow	-2,784,773	15,877,944	9,703,391	-1,840,075	14,055,695	14,207,057	11,451,262	8,574,612	-3,561,568	2,683,523	Upgrade
Free Cash Flow Growth	-	63.63%	-	-	-1.07%	24.07%	33.55%	-	-	-20.12%	Upgrade
Free Cash Flow Margin	-1.94%	9.95%	10.56%	-3.66%	19.66%	20.71%	20.47%	17.68%	-6.80%	4.07%	Upgrade
Free Cash Flow Per Share	-1354.57	7723.36	4719.93	-895.05	6836.98	6910.60	5570.13	4170.87	-1732.42	1305.32	Upgrade

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