← CANADIAN NATURAL RESOURCES Ltd

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Net earnings ($204.0m) $2.4b $2.6b $5.4b ($435.0m) $7.7b $10.9b $8.2b $6.1b $10.8b
Net Income — — — — — — $10.9b $8.2b $6.1b $10.8b
Net Income From Continuing Operations — — — — — — $10.9b $8.2b $6.1b $10.8b
From continuing operations — — ($6.2m) ($49.3m) $24.2m ($49.0m) ($23.3m) ($8.3m) ($3.2m) ($1.2m)
From discontinued operations ($18.6m) ($23.8m) — — — ($3.9m) $6.9m ($2.2m) — —
Cash, bank balances and short-term deposits attributable to discontinued operations — — — — — $39.8m $25.7m — — —
Loss for the year: From continuing operations ($4.4m) ($6.2m) ($6.2m) ($5.6m) — — — — — —
Depletion, depreciation and amortization $4.9b $5.2b $5.2b $5.5b $6.0b $5.7b $7.4b $6.4b $6.7b $9.4b
Depreciation of right-of-use assets — — — $1.8m $1.7m $1.4m $1.4m $1.1m $346k —
Amortization of intangible assets — — — $1.2m $156k $884k $813k $460k — —
Depreciation — — — — — — — — — $393.0m
Depreciation Amortization Depletion — — — — — — $7.4b $6.4b $6.7b $7.6b
Deferred income tax expense ($241.0m) $640.0m $557.0m ($894.0m) ($181.0m) $399.0m ($139.0m) $53.0m $422.0m $510.0m
Deferred Income Tax — — — — — — ($139.0m) $53.0m $422.0m $510.0m
Deferred Tax — — — — — — ($139.0m) $53.0m $422.0m $510.0m
Adjustments For Share-Based Payments $355.0m $134.0m ($146.0m) $223.0m ($82.0m) $514.0m $804.0m $491.0m $279.0m $180.0m
Share-based compensation $355.0m $134.0m ($146.0m) $223.0m ($82.0m) $514.0m $804.0m $491.0m $279.0m $180.0m
Consultants share-based payment expenses — — — — — — $16.2m $3.1m $125k —
Impairment loss on trade receivables — — — — $4.5m $3.8m ($4.0m) $383k — —
Impairment losses on contract assets — — — $33k $172k $357k $171k $3.5m — —
Impairment losses on other receivables — — — — — $239k $2.7m $6.0m — —
Impairment reversal on amounts due from related companies — — — — ($554k) ($1.1m) — — — —
Impairment losses on trade receivables — — — $7.7m $4.5m $3.8m ($578k) — — —
Impairment losses/(reversal) on amounts due from related companies — — — $1.7m ($554k) ($1.1m) — — — —
Gain on acquisitions, disposition, and remeasurement — — — $0 ($217.0m) ($478.0m) $0 $0 $0 ($5.1b)
Interest expenses — — — — $3.5m $4.1m $4.0m $2.0m $6k —
Payment of interest expenses on lease liabilities — — — — ($80k) ($150k) ($133k) ($99k) ($6k) —
Payment of interest expenses of lease liabilities — — — ($102k) ($80k) ($150k) — — — —
Interest Expense — $78k — $60k — — — — — —
Additional Financial Items
Adjustments For Decrease Increase In Trade Account Receivable ($142.0m) ($977.0m) $1.2b ($1.3b) $284.0m ($850.0m) ($441.0m) $368.0m ($940.0m) $125.0m
Adjustments For Unrealised Foreign Exchange Losses Gains ($93.0m) ($821.0m) $706.0m ($548.0m) ($116.0m) ($205.0m) $852.0m ($260.0m) $888.0m ($870.0m)
Increase Decrease In Working Capital $457.0m ($612.0m) ($1.0b) $1.3b $549.0m ($1.1b) ($228.0m) $2.4b $867.0m ($564.0m)
Payments Of Lease Liabilities Classified As Financing Activities — — — $237.0m $225.0m $209.0m $232.0m $285.0m $325.0m $361.0m
Payments To Acquire Or Redeem Entitys Shares — — $1.3b $941.0m $271.0m $1.6b $5.6b $3.3b $2.7b $1.4b
Repayments Of Borrowings Classified As Financing Activities — — — — $397.0m $183.0m $0 $0 — —
Asset retirement obligation accretion $142.0m $164.0m $186.0m $190.0m $205.0m $185.0m $281.0m $366.0m $389.0m $380.0m
Unrealized risk management loss $25.0m $37.0m ($35.0m) $13.0m ($39.0m) $19.0m ($28.0m) $12.0m $9.0m $71.0m
Unrealized foreign exchange (gain) loss ($93.0m) ($821.0m) $706.0m ($548.0m) ($116.0m) ($205.0m) $852.0m ($260.0m) $888.0m ($870.0m)
Gain from investment ($299.0m) ($11.0m) $374.0m $321.0m $185.0m ($132.0m) ($182.0m) ($34.0m) ($50.0m) $0
Realized foreign exchange on financing activities — — — — ($166.0m) $118.0m ($62.0m) $0 $135.0m $54.0m
Abandonment expenditures ($267.0m) ($274.0m) ($290.0m) ($296.0m) ($249.0m) ($307.0m) ($449.0m) ($509.0m) ($646.0m) ($771.0m)
Other ($32.0m) ($110.0m) ($23.0m) ($109.0m) ($71.0m) $13.0m ($144.0m) $5.0m ($84.0m) ($255.0m)
Net change in non-cash working capital $0 $0 ($345.0m) ($235.0m) ($383.0m) $107.0m $149.0m $51.0m ($124.0m) ($108.0m)
(Repayment) issuance of bank credit facilities and commercial paper, net $342.0m $2.2b ($1.6b) $2.0b $338.0m ($6.2b) ($1.2b) $0 $5.5b ($1.4b)
Payment of lease liabilities — — — ($237.0m) ($225.0m) ($209.0m) ($232.0m) ($285.0m) ($325.0m) ($361.0m)
Issuance of common shares on exercise of stock options $559.0m $466.0m $332.0m $360.0m $108.0m $707.0m $442.0m $372.0m $280.0m $264.0m
Purchase of common shares under Normal Course Issuer Bid $0 $0 ($1.3b) ($941.0m) ($271.0m) ($1.6b) ($5.6b) ($3.3b) ($2.7b) ($1.4b)
Cash flows used in financing activities $307.0m $6.0b ($5.3b) ($1.5b) ($1.9b) ($10.2b) ($14.2b) ($7.5b) ($37.0m) ($7.9b)
Net expenditures on exploration and evaluation assets $6.0m ($124.0m) ($266.0m) ($73.0m) ($5.0m) ($1.0m) ($33.0m) ($44.0m) ($92.0m) ($115.0m)
Cash from AOSP asset swap — — — — — — — $0 $0 $212.0m
Acquisition of Chevron's assets — — — — — — $0 $0 ($9.2b) $0
Net proceeds from investment — — — $0 $0 $128.0m $0 $0 $575.0m $0
Cash flows used in investing activities ($3.8b) ($13.1b) ($4.8b) ($7.3b) ($2.8b) ($3.7b) ($5.0b) ($4.9b) ($14.1b) ($6.7b)
Loss before income tax for the year — — — — — ($52.8m) ($16.4m) ($10.5m) ($3.2m) ($1.2m)
Interest income — — — ($6.8m) ($7.3m) ($7.4m) ($6.9m) ($4.0m) — —
Expenses related to issuance of shares — — — — — $1.6m — — $1.4m —
Fair value loss/(gain) on financial instruments, net — — — — ($31.3m) $38.3m ($1.0m) ($847k) ($4.0m) ($2.1m)
Change in Inventory ($1.5m) ($746k) — $490k ($201k) ($148k) $257k ($182k) — —
Change in Accounts Receivable — — — $3.4m $26.3m $6.6m ($10.8m) ($4.4m) — —
Contract assets — — — ($83.9m) ($18.6m) ($780k) ($5.2m) ($1.6m) — —
Prepayments ($144k) ($354k) — $8.6m $406k ($1.9m) $504k $765k ($136k) $8k
Other receivables ($1.4m) ($10.4m) ($12k) $61k $41k ($930k) $321k $18k ($14k) ($11k)
Other current assets — — — ($3.5m) ($504k) $1.8m $1.8m — — —
Trade payables ($65k) ($1.4m) ($115k) $31.7m ($38.5m) ($7.5m) ($792k) $1.3m $180k —
Other payables and accruals ($3.1m) $10.7m ($1.3m) $10.1m ($11.0m) $813k $3.3m $5.7m ($2.1m) ($2.4m)
Provisions — — — — — — $494k ($494k) — —
Cash from/(used in) operations — — — ($27.7m) ($46.5m) ($12.1m) ($12.7m) $14.3m ($7.4m) ($5.7m)
Repayments of bank loans — — — — — ($3.0m) ($3.0m) ($1.5m) — —
Advances from related companies — — $2.2m $6.8m $4.1m $360k — $3.9m $1.3m $2.3m
Repayment to related companies ($2.0m) ($2.4m) ($11.4m) $5.7m — ($50.1m) ($2.8m) — ($3.1m) —
Advances from the Shareholder — — — — $462k — — — $6.9m —
Repayments to the Shareholder — — ($4.6m) — — ($7.1m) ($6.9m) — ($7.9m) ($2.6m)
Net Change in Cash $1.5m ($1.1m) ($117k) ($27k) $281k ($719k) $1.9m ($1.3m) ($9.4m) $3.4m
Cash and bank balances attributable to continued operations — — — — — $18.5m $6.0m $4.8m $3.1m $475k
Prepayment for right-of-use assets — — — — — ($55k) ($228k) — — —
Purchase of structured deposit products — — — — ($45.0m) ($60.0m) — — — —
Proceeds from maturity of structured deposit products — — — — $40.0m $65.0m — — — —
Additions of service concession right — — — ($9.2m) ($7.6m) ($68k) — — — —
Proceeds from issuance of shares — — — — ($72k) $42.0m — — — —
Proceeds from bank loans — — — $30.0m $50.0m — — — — —
Finance costs — — — $383k $3.5m $4.1m — — — —
- Right-of-use assets (Note 4(c)) — — — $1.2m $976k — — — — —
Interest on lease liabilities — — — $60k $38k — — — — —
Taxes payable ($2k) $102k ($4k) $30k ($27k) — — — — —
Cash receipt of interest $194k $48k $26k $16k $18k — — — — —
Accretion expenses $311k $60k — — — — — — — —
Rehabilitation fund ($15k) ($11k) — — — — — — — —
Advances from a related company $7.6m $15.0m $2.2m $6.7m — — — — — —
Beginning Cash Position — — — — — — $744.0m $920.0m $877.0m $131.0m
Cash Flow From Continuing Financing Activities — — — — — — ($14.2b) ($7.5b) ($37.0m) ($7.9b)
Cash Flow From Continuing Investing Activities — — — — — — ($5.0b) ($4.9b) ($14.1b) ($6.7b)
Change In Working Capital — — — — — — $79.0m ($2.4b) ($743.0m) $672.0m
Changes In Cash — — — — — — $176.0m ($43.0m) ($746.0m) $542.0m
End Cash Position — — — — — — $920.0m $877.0m $131.0m $673.0m
Financing Cash Flow — — — — — — ($14.2b) ($7.5b) ($37.0m) ($7.9b)
Free Cash Flow — — — — — — $14.3b $7.4b $8.0b $8.3b
Gain Loss On Investment Securities — — — — — — ($210.0m) ($22.0m) ($41.0m) $71.0m
Investing Cash Flow — — — — — — ($5.0b) ($4.9b) ($14.1b) ($6.7b)
Net Business Purchase And Sale — — — — — — $0 $0 ($9.2b) $0
Net Foreign Currency Exchange Gain Loss — — — — — — $790.0m ($260.0m) $1.0b ($816.0m)
Net PPE Purchase And Sale — — — — — — — ($44.0m) ($92.0m) ($115.0m)
Operating Gains Losses — — — — — — $580.0m ($282.0m) $982.0m ($699.0m)
Other Non Cash Items — — — — — — ($223.0m) ($138.0m) ($341.0m) ($4.0b)
Proceeds From Stock Option Exercised — — — — — — $442.0m $372.0m $280.0m $264.0m
Purchase Of Business — — — — — — $0 $0 ($9.2b) $0
Purchase Of PPE — — — — — — — ($44.0m) ($92.0m) ($115.0m)
Repurchase Of Capital Stock — — — — — — ($5.6b) ($3.3b) ($2.7b) ($1.4b)
Stock Based Compensation — — — — — — $804.0m $491.0m $279.0m $180.0m
Profit or Loss ($204.0m) $2.4b $2.6b $5.4b ($435.0m) $7.7b $10.9b $8.2b $6.1b $10.8b
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities $349.0m $0 $0 ($3.5b) ($2.6b) ($4.5b) ($5.1b) ($4.9b) ($5.3b) ($6.7b)
Purchase of property, plant and equipment ($4.9m) ($5.0m) ($5k) ($630k) ($266k) ($28k) ($17k) ($12k) ($4k) ($6.8b)
Capital Expenditure Reported — — — — — — ($5.1b) ($4.9b) ($5.4b) ($6.8b)
Net Investment Purchase And Sale — — — — — — $0 $0 $575.0m $0
Sale Of Investment — — — — — — $0 $0 $575.0m $0
Net Other Investing Changes — — — — — — $149.0m $51.0m ($124.0m) $104.0m
Net Cash from Investing Activities — $8.0m $9.4m $7.4m $7.7m $3.8m $7.3m — — —
Issuance of other long-term debt — — — — — — $0 $0 $2.6b $1.6b
Issuance Of Debt — — — — — — $0 $0 $8.1b $1.6b
Long Term Debt Issuance — — — — — — $0 $0 $8.1b $1.6b
Net Issuance Payments Of Debt — — — — — — ($4.2b) ($701.0m) $6.8b ($1.8b)
Net Long Term Debt Issuance — — — — — — ($4.2b) ($701.0m) $6.8b ($1.8b)
Net Short Term Debt Issuance — — — — — ($6.2b) — $0 $5.5b ($1.4b)
Repayment of other long-term debt — — — — — — ($2.9b) ($416.0m) ($1.0b) ($1.7b)
Long Term Debt Payments — — — — — — ($4.2b) ($701.0m) ($1.3b) ($3.5b)
Repayment Of Debt — — — — — — ($4.2b) ($701.0m) ($1.3b) ($3.5b)
Net Common Stock Issuance — — — — — — ($5.6b) ($3.3b) ($2.7b) ($1.4b)
Common Stock Payments — — — — — — ($5.6b) ($3.3b) ($2.7b) ($1.4b)
Dividends Paid Classified As Financing Activities $758 $1k $2k $2k $2k $2k $5k $4k $4k $5k
Dividends on common shares ($758) ($1k) ($2k) ($2k) ($2k) ($2k) ($5k) ($4k) ($4k) ($5k)
Cash Dividends Paid — — — — — — ($4.9b) ($3.9b) ($4.4b) ($4.9b)
Common Stock Dividend Paid — — — — — — ($4.9b) ($3.9b) ($4.4b) ($4.9b)
Increase (decrease) in cash and cash equivalents ($52.0m) $120.0m ($36.0m) $38.0m $45.0m $560.0m $176.0m ($43.0m) ($746.0m) $542.0m
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS ($27.6m) $752k ($12.0m) $10.0m ($3.1m) $2.5m ($28.6m) ($25.7m) $7.7m ($6.0m)
Cash and cash equivalents – beginning of year $17.0m $137.0m $101.0m $139.0m $184.0m $744.0m $920.0m $877.0m $131.0m $673.0m
Cash and cash equivalents as stated in the statement of cash flows — — — — — $58.4m $31.7m $4.8m $3.1m $475k
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR $49.4m $59.4m $56.6m
CASH AND CASH EQUIVALENTS AT END OF YEAR $59.4m $56.6m $58.4m
Change In Cash Supplemental As Reported — — — — — — $176.0m ($43.0m) ($746.0m) $542.0m
Interest paid on long-term debt $617.0m $725.0m $911.0m $865.0m $745.0m $672.0m $613.0m $602.0m $586.0m $978.0m
Income Taxes Paid Refund Classified As Operating Activities $0 $0 ($225.0m) $445.0m ($29.0m) ($62.0m) $3.1b $3.3b $1.1b $1.7b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.