← ECOPETROL S.A.
| 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 Income | — | — | — | — | — | — | $31.6t | $21.1t | $13.8t | $10.5t | |
| Net Income From Continuing Operations | — | — | — | — | — | — | $35.2t | $25.4t | $18.5t | $14.4t | |
| Depreciation, depletion, and amortization | $7.6t | $8.3t | $7.7t | $8.6t | $9.3t | $10.2t | $12.1t | $13.8t | $15.2t | $16.1t | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $12.1t | $13.8t | $15.2t | $16.1t | |
| Deferred Income Tax | — | — | — | — | — | — | $19.0t | $11.5t | $12.2t | $4.4t | |
| Deferred Tax | — | — | — | — | — | — | $19.0t | $11.5t | $12.2t | $4.4t | |
| Impairment (recovery) loss of non-current assets | $928.7b | ($1.3t) | $368.6b | $1.8t | $633.2b | $33.4b | $288.0b | $2.1t | ($867.4b) | ($23.0b) | |
| Impairment loss of current assets | $74.4b | $30.6b | $136.0b | $90.4b | $34.4b | $83.8b | $101.9b | $95.9b | $262.0b | $346.0b | |
| Asset Impairment Charge | — | — | — | — | — | — | $1.4t | $3.7t | $503.0b | $1.0t | |
| Adjustments For Income Tax Expense | $4.5t | $5.8t | $8.3t | $4.7t | $2.0t | $8.8t | $19.0t | $11.5t | $12.2t | — | |
| Income tax expense | $4.5t | $5.8t | $8.3t | $4.7t | $2.0t | $8.8t | $19.0t | $11.5t | $12.2t | $4.4t | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($768.4b) | ($805.0b) | ($764.0b) | ($710.0b) | |
| Additional Financial Items | |||||||||||
| Adjustments For Current Tax Of Prior Period | $0 | ($68.3b) | — | — | — | — | — | — | — | — | |
| Adjustments For Finance Costs | $2.8t | $2.4t | $2.4t | $1.9t | $2.4t | $3.1t | $5.5t | $6.9t | $7.4t | — | |
| Adjustments For Increase Decrease In Trade Account Payable | ($619.1b) | $21.4b | $1.4t | $1.4t | ($2.6t) | $3.1t | $3.7t | $507.6b | ($1.3t) | — | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | ($976.4b) | ($5.5b) | ($372.2b) | ($40.6b) | ($346.8b) | $31.7b | $124.7b | ($2.4t) | ($51.6b) | — | |
| Goodwill | $1.2t | $1.2t | $1.2t | $1.2t | $1.6t | $4.7t | $5.4t | $4.8t | $5.1t | — | |
| Proceeds From Borrowings Classified As Financing Activities | $4.6t | $444.8b | $517.7b | $359.9b | $13.8t | $24.7t | $16.8t | $34.0t | $27.2t | — | |
| Proceeds From Issuing Shares | $0 | $0 | — | — | — | — | — | — | — | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | $69.3b | $175.9b | $105.7b | $168.3b | $90.1b | $444.3b | $1.1t | $776.6b | $865.7b | — | |
| Repayments Of Borrowings Classified As Financing Activities | $3.1t | $9.0t | $9.3t | $1.6t | $5.0t | $11.3t | $16.4t | $21.7t | $26.2t | — | |
| Net profit for the year | $3.2t | $8.0t | $12.4t | $15.0t | $2.7t | $17.6t | $35.2t | $25.4t | $18.5t | $14.4t | |
| Foreign exchange gain | ($976.4b) | ($5.5b) | ($372.2b) | ($40.6b) | ($346.8b) | $31.7b | $124.7b | ($2.4t) | ($51.6b) | ($159.0b) | |
| Finance cost of loans and borrowings | $2.8t | $2.4t | $2.4t | $1.9t | $2.4t | $3.1t | $5.5t | $6.9t | $7.4t | $7.6t | |
| Finance cost of post-employment benefits and abandonment costs | $580.5b | $753.0b | $668.8b | $757.5b | $873.0b | $1.0t | $2.0t | $2.2t | $2.5t | $2.6t | |
| Write off exploratory assets and dry wells | $342.7b | $898.3b | $898.9b | $340.3b | $448.1b | $486.4b | $1.0t | $1.5t | $1.1t | $717.0b | |
| (Gain) loss on disposal of non-current assets | $79.0b | $26.7b | $75.8b | $121.1b | $246.3b | $61.8b | $380.0b | ($143.4b) | $50.4b | ($32.0b) | |
| Profit on business combinations | $0 | ($451.1b) | $12.1b | ($1.0t) | ($86.0b) | $0 | $0 | $0 | ($1.7t) | $0 | |
| Profit on reversal of fields | — | — | — | — | — | — | $0 | $0 | ($28.3b) | $0 | |
| Gain on fair value adjustment of financial assets and interest | ($59.6b) | ($104.7b) | ($92.9b) | $18.6b | ($43.9b) | ($7.4b) | ($77.1b) | ($245.1b) | ($1.7t) | ($1.5t) | |
| (Gain) loss on hedging transactions with derivatives | — | — | — | $0 | $0 | $19.5b | ($553.0m) | $2.2b | $25.6b | ($2.0b) | |
| Share of profit of associates and joint ventures | ($61.3b) | ($93.5b) | ($165.8b) | ($366.9b) | ($76.3b) | ($426.2b) | ($768.4b) | ($805.3b) | ($764.4b) | ($710.0b) | |
| Loss on the sale of assets held for sale | $0 | ($166.4b) | $0 | ($2.8b) | ($5.6b) | ($3.8b) | ($279.6b) | $19.8b | $21.1b | $1.0b | |
| Hedge ineffectiveness | $0 | $8.9b | $35.2b | $5.2b | $9.8b | $24.5b | $6.6b | $25.5b | $6.7b | $14.0b | |
| Realized (gain) loss on foreign exchange cash flow hedges | ($33.1b) | ($160.8b) | ($128.4b) | $386.8b | $193.4b | $250.0b | $1.1t | $479.8b | $238.9b | ($150.0b) | |
| Movements in provisions | — | — | — | — | $412.6b | $714.8b | $715.8b | $853.4b | $312.1b | $195.0b | |
| Trade and other receivables | ($1.4t) | ($2.2t) | ($2.0t) | $2.4t | $678.3b | ($9.5t) | ($28.5t) | ($22.2t) | $9.1t | $296.0b | |
| Inventories | ($217.2b) | ($323.6b) | ($448.1b) | ($597.6b) | $716.1b | ($3.0t) | ($2.8t) | $808.1b | $532.6b | $897.0b | |
| Trade and other payables | ($619.1b) | $21.4b | $1.4t | $1.4t | ($2.6t) | $3.1t | $3.7t | $507.6b | ($1.3t) | ($1.3t) | |
| Tax assets and liabilities | $2.5t | ($493.5b) | ($1.4t) | ($1.4t) | ($1.3t) | ($2.4t) | ($3.1t) | ($5.9t) | ($2.0t) | ($334.0b) | |
| Provisions for employee benefits | ($11.7b) | ($227.4b) | ($181.1b) | ($234.6b) | $465.1b | ($222.4b) | ($355.6b) | ($178.0b) | ($496.1b) | ($549.0b) | |
| Provisions and contingencies | ($827.2b) | $104.1b | ($89.3b) | ($253.0b) | ($30.2b) | ($163.7b) | ($1.0t) | ($1.2t) | ($1.1t) | ($827.0b) | |
| Other assets and liabilities | $118.5b | $451.3b | ($218.5b) | ($492.7b) | ($392.8b) | ($523.1b) | $589.7b | ($601.7b) | ($2.1t) | $339.0b | |
| Investment in joint ventures | — | — | — | $0 | $0 | ($44.7b) | ($329.4b) | ($853.0m) | ($20.4b) | ($6.0b) | |
| Acquisition of subsidiaries, net of cash acquired | — | — | — | $0 | $0 | ($9.0t) | $0 | $0 | ($157.7b) | ($65.0b) | |
| Consideration paid for the acquisition of assets | — | — | — | — | — | — | $0 | $0 | ($880.4b) | ($1.1t) | |
| Investment in natural and environmental resources | ($2.1t) | ($3.4t) | ($5.1t) | ($9.8t) | ($6.0t) | ($6.7t) | ($12.0t) | ($14.0t) | ($10.5t) | ($10.6t) | |
| Acquisitions of intangibles | ($69.3b) | ($175.9b) | ($105.7b) | ($168.3b) | ($90.1b) | ($444.3b) | ($1.1t) | ($776.6b) | ($865.7b) | ($502.0b) | |
| Proceeds from sales of other financial assets | ($5.4t) | $564.8b | ($843.6b) | $3.1t | $2.1t | $1.3t | $1.3t | $976.5b | ($2.5t) | $2.3t | |
| Interests received | $386.0b | $405.6b | $383.6b | $481.7b | $299.2b | $266.1b | $966.0b | $1.9t | $1.6t | $1.2t | |
| Proceeds from sales of assets | $0 | $159.0b | $0 | $0 | $23.7b | $18.0b | $373.6b | $729.0b | $355.1b | $113.0b | |
| Net cash used in investment activities | ($9.4t) | ($4.4t) | ($8.7t) | ($10.0t) | ($8.5t) | ($20.5t) | ($18.1t) | ($20.0t) | ($22.0t) | ($17.9t) | |
| Proceeds from loans and borrowings | $4.6t | $444.8b | $517.7b | $359.9b | $13.8t | $24.7t | $16.8t | $34.0t | $27.2t | $18.4t | |
| Repayment of loans and borrowings | ($3.1t) | ($9.0t) | ($9.3t) | ($1.6t) | ($5.0t) | ($11.3t) | ($16.4t) | ($21.7t) | ($26.2t) | ($15.2t) | |
| Interest payments | ($2.5t) | ($2.7t) | ($2.6t) | ($1.8t) | ($2.3t) | ($3.3t) | ($5.5t) | ($6.6t) | ($7.5t) | ($8.2t) | |
| Lease payments | — | $0 | $0 | ($300.3b) | ($350.5b) | ($336.0b) | ($434.6b) | ($533.6b) | ($562.5b) | ($641.0b) | |
| Payment of restitution of equity to minority shareholders | — | — | — | — | $0 | $0 | ($84.8b) | ($44.8b) | ($30.7b) | ($18.0b) | |
| Beginning Cash Position | — | — | — | — | — | — | $14.5t | $15.4t | $12.3t | $14.1t | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($18.9t) | ($355.0b) | ($22.7t) | ($17.4t) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($18.1t) | ($20.0t) | ($22.0t) | ($17.9t) | |
| Change In Inventory | — | — | — | — | — | — | ($2.8t) | $808.0b | $533.0b | $897.0b | |
| Change In Other Working Capital | — | — | — | — | — | — | ($3.9t) | ($7.8t) | ($5.6t) | ($1.4t) | |
| Change In Payable | — | — | — | — | — | — | $3.7t | $507.0b | ($1.3t) | ($1.3t) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $3.7t | $507.0b | ($1.3t) | ($1.3t) | |
| Change In Receivables | — | — | — | — | — | — | ($27.5t) | ($20.4t) | $9.1t | $296.0b | |
| Change In Working Capital | — | — | — | — | — | — | ($30.6t) | ($26.9t) | $2.7t | ($1.5t) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($27.5t) | ($20.4t) | $9.1t | $296.0b | |
| Changes In Cash | — | — | — | — | — | — | ($794.5b) | ($574.0b) | $406.0b | ($1.9t) | |
| End Cash Position | — | — | — | — | — | — | $15.4t | $12.3t | $14.1t | $10.7t | |
| Financing Cash Flow | — | — | — | — | — | — | ($18.9t) | ($355.0b) | ($22.7t) | ($17.4t) | |
| Free Cash Flow | — | — | — | — | — | — | $14.4t | ($4.3t) | $24.2t | $12.5t | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $6.1b | $27.0b | $33.0b | $12.0b | |
| Gain Loss On Sale Of Business | — | — | — | — | — | ($361.7b) | $0 | $0 | — | — | |
| Interest Received CFI | — | — | — | — | — | — | $966.0b | $1.9t | $1.6t | $1.2t | |
| Investing Cash Flow | — | — | — | — | — | — | ($18.1t) | ($20.0t) | ($22.0t) | ($17.9t) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($329.4b) | ($1.0b) | ($178.0b) | ($372.0b) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $1.3t | ($1.9t) | $187.0b | ($309.0b) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($1.1t) | ($776.0b) | ($866.0b) | ($502.0b) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($20.7t) | ($23.3t) | ($20.1t) | ($20.3t) | |
| Operating Gains Losses | — | — | — | — | — | — | $605.9b | ($2.8t) | ($473.0b) | ($1.0t) | |
| Other Non Cash Items | — | — | — | — | — | — | $7.5t | $9.1t | $8.1t | $10.2t | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $715.8b | $853.0b | $311.0b | $195.0b | |
| Purchase Of Business | — | — | — | — | — | — | ($329.4b) | ($1.0b) | ($178.0b) | ($372.0b) | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($1.1t) | ($776.0b) | ($866.0b) | ($502.0b) | |
| Purchase Of PPE | — | $2.4t | $3.3t | $4.0t | $5.0t | $6.1t | ($20.7t) | ($23.3t) | ($20.1t) | ($20.3t) | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | ($1.0t) | ($2.0t) | ($1.7t) | ($1.5t) | |
| Profit or Loss | $3.2t | $8.0t | $12.4t | $15.0t | $2.7t | $17.6t | $35.2t | $25.4t | $18.5t | — | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | $109.9b | $267.3b | $92.6b | $154.8b | ($5.0t) | ($6.1t) | ($8.8t) | ($9.3t) | ($9.5t) | ($9.8t) | |
| Capital Expenditure | — | — | — | — | — | — | ($21.9t) | ($24.1t) | ($20.9t) | ($20.8t) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $1.3t | $976.0b | ($2.5t) | $2.3t | |
| Sale Of Investment | — | — | — | — | — | $1.3t | $1.3t | $976.0b | — | $2.3t | |
| Net Other Investing Changes | — | — | — | — | — | — | $373.6b | $729.0b | ($525.0b) | ($996.0b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $16.8t | $34.0t | $27.2t | $18.4t | |
| Long Term Debt Issuance | — | — | — | — | — | — | $16.8t | $34.0t | $27.2t | $18.4t | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($20.0m) | $11.8t | $434.0b | $2.6t | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($20.0m) | $11.8t | $434.0b | $2.6t | |
| Long Term Debt Payments | — | — | — | — | — | — | ($16.8t) | ($22.2t) | ($26.7t) | ($15.8t) | |
| Repayment Of Debt | — | — | — | — | — | — | ($16.8t) | ($22.2t) | ($26.7t) | ($15.8t) | |
| Dividends paid | ($426.8b) | ($286.0b) | $90.3b | $79.9b | $8.7t | $349.1b | $1.6t | $526.6b | $527.7b | ($11.7t) | |
| Dividends Paid Classified As Financing Activities | $1.7t | $1.5t | $4.4t | $13.9t | $8.7t | $2.8t | $13.4t | $5.6t | $15.6t | — | |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | — | — | — | — | — | $699.0b | $11.5t | $24.4t | $12.8t | — | |
| Dividends Received From Associates Classified As Investing Activities | — | — | — | — | — | $371.0b | — | — | — | — | |
| Dividends received | $437.8b | $270.1b | $109.0b | $189.2b | $157.2b | $206.0b | $1.5t | $482.1b | $425.2b | $772.0b | |
| Cash Dividends Paid | — | — | — | — | — | — | ($13.4t) | ($5.6t) | ($15.6t) | ($11.7t) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($13.4t) | ($5.6t) | ($15.6t) | ($11.7t) | |
| Dividends Received CFI | — | — | — | — | — | — | $1.5t | $482.0b | $425.0b | $772.0b | |
| Net Other Financing Charges | — | — | — | — | — | — | ($84.8b) | ($44.0b) | ($30.0b) | ($18.0b) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $1.6t | ($2.5t) | $1.3t | ($1.4t) | |
| Net increase (decrease) in cash and cash equivalents | $1.9t | ($464.6b) | ($1.6t) | $764.0b | ($2.0t) | $9.5t | $851.2b | ($3.1t) | $1.7t | ($3.4t) | |
| Consideration paid in business combination, net of cash and cash equivalents | — | — | — | — | — | — | — | $0 | $0 | ($301.0b) | |
| Exchange difference in cash and cash equivalents | ($226.3b) | ($290.3b) | $406.2b | $258.5b | ($22.3b) | $491.4b | $1.6t | ($2.5t) | $1.3t | ($1.4t) | |
| Cash and cash equivalents at the beginning of the year | $8.4t | $7.9t | $6.3t | $7.1t | $5.1t | $14.5t | $15.4t | $12.3t | $14.1t | $10.7t | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $851.2b | ($3.1t) | $1.7t | ($3.4t) | |
| Interest Paid Classified As Financing Activities | $2.5t | $2.7t | $2.6t | $1.8t | $2.3t | $3.3t | $5.5t | $6.6t | $7.5t | ($8.2t) | |
| Income Taxes Paid Refund Classified As Operating Activities | $4.3t | $4.2t | $6.7t | $5.3t | $5.5t | $5.7t | $8.8t | $12.8t | $10.2t | ($9.0t) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.