Oil Refineries Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	-4	113	408	441	252.84	-274.32	Upgrade
Depreciation & Amortization	205	182	173	155	171.91	210.39	Upgrade
Loss (Gain) on Equity Investments	-9	-	-	-	-	-	Upgrade
Other Operating Activities	-	-14	144	209	207.31	101.1	Upgrade
Change in Accounts Receivable	378	26	-30	8	-226.44	47.86	Upgrade
Change in Inventory	115	57	-19	-19	-377.36	425.6	Upgrade
Change in Accounts Payable	-144	19	96	-43	39.74	-158.74	Upgrade
Change in Other Net Operating Assets	-58	58	-67	-50	-55.06	83.35	Upgrade
Operating Cash Flow	483	441	705	701	12.94	435.25	Upgrade
Operating Cash Flow Growth	42.29%	-37.45%	0.57%	5316.89%	-97.03%	2.60%	Upgrade
Capital Expenditures	-245	-187	-163	-204	-102.89	-88.16	Upgrade
Other Investing Activities	127	88	10	-23	-30.52	77.5	Upgrade
Investing Cash Flow	-285	-84	-153	-227	-133.41	-6.43	Upgrade
Long-Term Debt Issued	-	287	177	157	247.62	363.18	Upgrade
Total Debt Issued	326	287	177	157	247.62	363.18	Upgrade
Short-Term Debt Repaid	-	-	-	-	-	-8.02	Upgrade
Long-Term Debt Repaid	-	-370	-319	-308	-225.41	-296.43	Upgrade
Total Debt Repaid	-257	-370	-319	-308	-225.41	-304.45	Upgrade
Net Debt Issued (Repaid)	69	-83	-142	-151	22.22	58.73	Upgrade
Repurchase of Common Stock	-	-10	-23	-	-	-	Upgrade
Common Dividends Paid	-50	-174	-250	-120	-	-	Upgrade
Other Financing Activities	-61	-96	-125	-92	-71.96	-103.73	Upgrade
Financing Cash Flow	-42	-363	-540	-363	-49.75	-45	Upgrade
Foreign Exchange Rate Adjustments	-4	-5	-	2	-1.76	0.52	Upgrade
Net Cash Flow	152	-11	12	113	-171.97	384.33	Upgrade
Free Cash Flow	238	254	542	497	-89.95	347.09	Upgrade
Free Cash Flow Growth	57.21%	-53.14%	9.05%	-	-	26.83%	Upgrade
Free Cash Flow Margin	3.96%	3.37%	6.51%	4.59%	-1.37%	8.54%	Upgrade
Free Cash Flow Per Share	0.08	0.08	0.17	0.16	-0.03	0.11	Upgrade
Cash Interest Paid	93	100	111	96	92.59	87.68	Upgrade
Cash Income Tax Paid	64	74	-3	19	4.35	-0.25	Upgrade
Levered Free Cash Flow	-	170.75	344.13	165.52	-280.1	377.56	Upgrade
Unlevered Free Cash Flow	-	238.88	412.88	233.65	-222.22	439.82	Upgrade
Change in Working Capital	291	160	-20	-104	-619.12	398.07	Upgrade

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