Marathon Petroleum Corporation (MPC)

Marathon Petroleum Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	14,631	4,047	3,445	9,681	14,516	9,738
Depreciation & Amortization	3,311	3,251	3,337	3,307	3,215	3,364
Other Amortization	38	39	-31	-78	-	-
Loss (Gain) From Sale of Assets	-167	-173	-28	-217	-1,061	-21
Loss (Gain) on Equity Investments	230	-367	167	199	-655	-458
Other Operating Activities	3,301	1,925	1,376	930	1,977	-5,170
Change in Accounts Receivable	-6,893	890	1,117	2,109	-2,858	-5,299
Change in Inventory	-378	-596	-270	-489	-787	-33
Change in Accounts Payable	-	-	-	-	-	6,260
Change in Other Net Operating Assets	11,176	-763	-448	-1,325	1,972	3
Operating Cash Flow	25,249	8,253	8,665	14,117	16,361	4,360
Operating Cash Flow Growth	241.62%	-4.75%	-38.62%	-13.72%	275.25%	80.24%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-4,407	-3,486	-2,533	-1,890	-2,420	-1,464
Sale of Property, Plant & Equipment	1,005	1,005	35	36	90	153
Cash Acquisitions	14	-3,316	-688	-246	-413	-
Investment in Securities	-1,648	-343	4,524	-1,697	2,542	-5,719
Other Investing Activities	251	273	196	702	824	21,827
Investing Cash Flow	-4,785	-5,867	1,534	-3,095	623	14,797

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	5,055	-	-	-	7,414
Long-Term Debt Issued	-	11,166	1,631	1,589	3,379	12,150
Total Debt Issued	7,580	16,221	1,631	1,589	3,379	19,564
Short-Term Debt Repaid	-	-5,055	-	-	-	-8,437
Long-Term Debt Repaid	-	-6,463	-1,984	-1,079	-2,280	-17,400
Total Debt Repaid	-7,486	-11,518	-1,984	-1,079	-2,280	-25,837
Net Debt Issued (Repaid)	94	4,703	-353	510	1,099	-6,273
Issuance of Common Stock	3	24	25	62	243	106
Repurchase of Common Stock	-7,289	-3,488	-9,189	-11,572	-11,922	-4,654
Common Dividends Paid	-1,164	-1,140	-1,154	-1,261	-1,279	-1,484
Other Financing Activities	-1,955	-2,023	-1,763	-1,946	-1,788	-2,114
Financing Cash Flow	-10,311	-1,924	-12,434	-14,207	-13,647	-14,419

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	10,153	462	-2,235	-3,185	3,337	4,738

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	20,842	4,767	6,132	12,227	13,941	2,896
Free Cash Flow Growth	387.42%	-22.26%	-49.85%	-12.29%	381.39%	-
Free Cash Flow Margin	11.88%	3.58%	4.40%	8.19%	7.82%	2.40%
Free Cash Flow Per Share	71.62	15.58	17.98	29.89	27.02	4.54
Levered Free Cash Flow	16,243	2,569	3,980	10,008	10,427	16,336
Unlevered Free Cash Flow	17,172	3,399	4,829	10,877	11,174	17,128

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	1,474	1,219	1,247	1,200	1,060	1,231
Cash Income Tax Paid	2,080	406	732	2,751	4,869	2,436
Change in Working Capital	3,905	-469	399	295	-1,673	931

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 3, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 14, 2026

Data Sources Report a data error