← Marathon Petroleum Corp

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:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $1.2b $3.4b $2.8b $2.6b ($9.8b) $9.7b $14.5b $9.7b $3.4b $4.0b
Net Income (Loss) Available to Common Stockholders, Basic $1.2b $3.4b $2.8b $2.6b ($9.8b) $9.7b $14.5b $9.7b $3.4b $4.0b
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — ($11.2b) $2.6b $16.0b $11.2b $5.1b —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — $1.2b $8.4b $72.0m $0 $0 —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $1.2b $3.8b $3.6b $3.3b ($10.0b) $11.0b $16.1b $11.2b $5.1b $5.9b
Amortization of Debt Issuance Costs $61.0m $64.0m $70.0m $33.0m $69.0m $79.0m $50.0m ($78.0m) ($31.0m) $39.0m
Amortization of Debt Issuance Costs and Discounts $61.0m $64.0m $70.0m $33.0m $69.0m $79.0m $50.0m ($78.0m) ($31.0m) $39.0m
Amortization of Intangible Assets $50.0m $52.0m $134.0m $372.0m $336.0m $330.0m $316.0m $316.0m $266.0m $271.0m
Amortization of deferred financing costs and debt discount $61.0m $64.0m $70.0m $33.0m $69.0m $79.0m $50.0m ($78.0m) ($31.0m) $39.0m
Depreciation, Depletion and Amortization $2.0b $2.1b $2.5b $3.6b $3.4b $3.4b $3.2b $3.3b $3.3b $3.3b
Deferred Income Tax Expense (Benefit) $394.0m ($1.2b) $47.0m $1.0b ($241.0m) ($169.0m) $290.0m ($28.0m) ($124.0m) $282.0m
Deferred income taxes $394.0m ($1.2b) $47.0m $1.0b ($241.0m) ($169.0m) $290.0m ($28.0m) ($124.0m) $282.0m
Goodwill, Impairment Loss $130.0m $0 $0 $1.2b $7.4b — $0 $0 $0 $0
Share-based Payment Arrangement, Noncash Expense $45.0m $51.0m $133.0m $161.0m $100.0m $88.0m $153.0m $211.0m $137.0m $160.0m
Distributions from equity method investments $291.0m $388.0m $519.0m $662.0m $577.0m $652.0m $772.0m $941.0m $1.2b $1.3b
Gain (Loss) on Disposition of Assets — — — — — $21.0m $1.1b $217.0m $28.0m $173.0m
Gain (Loss) on Disposition of Property Plant Equipment ($2.9b) ($2.7b) ($3.6b) ($5.4b) ($2.8b) ($1.5b) ($1.1b) ($198.0m) ($151.0m) ($897.0m)
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $32.0m $10.0m $23.0m $307.0m $70.0m — — — — —
Gain (Loss) on Extinguishment of Debt $0 $0 ($64.0m) $0 $9.0m ($133.0m) ($2.0m) ($9.0m) $0 —
Income (Loss) from Equity Method Investments ($185.0m) $306.0m $373.0m $394.0m ($935.0m) $458.0m $655.0m $742.0m $1.0b $1.6b
Income Tax Expense (Benefit) $609.0m ($460.0m) $962.0m $1.1b ($2.4b) $264.0m $4.5b $2.8b $890.0m $1.1b
Income from equity method investments $185.0m ($306.0m) ($373.0m) ($394.0m) $935.0m ($458.0m) ($655.0m) ($742.0m) ($1.0b) ($1.6b)
Operating Lease, Lease Income — — — — — $376.0m $327.0m $243.0m $260.0m $268.0m
Right of use assets and operating lease liabilities, net — $0 $0 $14.0m ($19.0m) $3.0m $0 ($7.0m) ($10.0m) $13.0m
Changes in operating assets and liabilities:
Additional Financial Items
Acquisitions, net of cash acquired $0 ($249.0m) ($3.8b) ($129.0m) $0 $0 ($413.0m) ($246.0m) ($688.0m) ($3.3b)
All other, net ($18.0m) ($47.0m) ($28.0m) ($69.0m) ($35.0m) ($35.0m) ($44.0m) ($50.0m) ($45.0m) ($30.0m)
Changes in the fair value of derivative instruments ($41.0m) $116.0m ($62.0m) ($8.0m) $45.0m $16.0m ($147.0m) $70.0m $71.0m ($16.0m)
Commercial paper – issued $1.3b $300.0m $0 $0 $2.1b $7.4b $0 $0 $0 $5.1b
Commercial paper– repayments ($1.3b) ($300.0m) $0 $0 ($1.0b) ($8.4b) $0 $0 $0 ($5.1b)
Current liabilities and other current assets $985.0m $2.8b ($2.8b) $2.5b ($2.9b) $6.3b $1.9b ($1.3b) ($438.0m) ($776.0m)
Current receivables ($674.0m) ($1.1b) $1.6b ($2.0b) $1.5b ($5.3b) ($2.3b) $2.0b $1.1b $890.0m
Disposal of assets $101.0m $79.0m $54.0m $127.0m $150.0m $153.0m $90.0m $36.0m $35.0m $1.0b
Gain (Loss) Related to Litigation Settlement — — — — — — ($27.0m) $0 $0 ($253.0m)
Goodwill $3.6b $3.6b $20.2b $20.0b $8.3b $8.3b $8.2b $8.2b $8.2b $9.4b
Increase (Decrease) in Accounts Receivable $674.0m $1.1b ($1.6b) $2.0b ($1.5b) $5.3b $2.3b ($2.0b) ($1.1b) ($890.0m)
Increase (Decrease) in Inventories $70.0m ($106.0m) ($931.0m) $366.0m ($1.8b) $33.0m $787.0m $489.0m $270.0m $596.0m
Insured Event, Gain (Loss) — — — — — — — $16.0m $0 $0
Inventories ($70.0m) $106.0m $931.0m ($366.0m) $1.8b ($33.0m) ($787.0m) ($489.0m) ($270.0m) ($596.0m)
Investment Income, Interest $6.0m $27.0m $87.0m $40.0m $9.0m $14.0m $191.0m $530.0m $376.0m $159.0m
Investments – acquisitions and contributions — — — ($1.1b) ($485.0m) ($210.0m) ($405.0m) ($480.0m) ($509.0m) ($1.1b)
Long-term debt – borrowings $864.0m $2.9b $13.5b $14.3b $17.1b $12.2b $3.4b $1.6b $1.6b $11.2b
Net gain on disposal of assets ($32.0m) ($10.0m) ($23.0m) ($307.0m) ($70.0m) ($21.0m) ($1.1b) ($217.0m) ($28.0m) ($173.0m)
Pension and other postretirement benefits, net $9.0m $47.0m $90.0m ($64.0m) $220.0m ($499.0m) $172.0m ($191.0m) $59.0m $16.0m
Proceeds from Stock Options Exercised — $46.0m $24.0m $10.0m $11.0m $106.0m $243.0m $62.0m $25.0m $24.0m
Sales-type Lease, Selling Profit (Loss) — — — — — — $509.0m — — —
Unrealized Gain (Loss) on Derivatives $41.0m ($116.0m) $62.0m $8.0m ($45.0m) — — — — —
Derivative, Gain (Loss) on Derivative, Net — — — — — — ($58.0m) — — —
Net Cash Provided by (Used in) Operating Activities $4.0b $6.6b $6.2b $9.4b $2.4b $4.4b $16.4b $14.1b $8.7b $8.3b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $2.9b $2.7b $3.6b $5.4b $2.8b $1.5b $2.4b $1.9b $2.5b $3.5b
Payments to Acquire Businesses, Net of Cash Acquired $0 $249.0m $3.8b $129.0m $0 $0 $413.0m $246.0m $688.0m $3.3b
Purchases of short-term investments — — — $0 $0 ($12.5b) ($6.0b) ($8.6b) ($2.9b) $0
Investments – redemptions, repayments, return of capital and sales proceeds — — — — $137.0m $39.0m $515.0m $275.0m $161.0m $721.0m
Maturities of short-term investments — — — $0 $0 $5.4b $7.2b $5.0b $4.5b $0
Sales of short-term investments — — — $0 $0 $1.5b $1.3b $2.1b $3.3b $0
Payments for (Proceeds from) Other Investing Activities ($112.0m) ($248.0m) ($69.0m) ($81.0m) ($63.0m) ($513.0m) ($824.0m) ($702.0m) ($196.0m) ($273.0m)
Net Cash Provided by (Used in) Investing Activities ($2.9b) ($3.4b) ($7.7b) ($6.3b) ($3.3b) $14.8b $623.0m ($3.1b) $1.5b ($5.9b)
Cash flows from financing activities:
Debt issuance costs ($11.0m) ($33.0m) ($86.0m) ($22.0m) ($50.0m) $0 ($39.0m) ($15.0m) ($15.0m) ($80.0m)
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale — — — — — $5.4b $7.2b $5.0b $4.5b $0
Long-term debt – repayments ($2.3b) ($642.0m) ($8.0b) ($13.1b) ($15.4b) ($17.4b) ($2.3b) ($1.1b) ($2.0b) ($6.5b)
Issuance of common stock $11.0m $46.0m $24.0m $10.0m $11.0m $106.0m $243.0m $62.0m $25.0m $24.0m
Proceeds from Issuance of Common Stock $11.0m $46.0m $24.0m $10.0m $11.0m $106.0m $243.0m $62.0m $25.0m $24.0m
Common stock repurchased ($197.0m) ($2.4b) ($3.3b) ($1.9b) $0 ($4.7b) ($11.9b) ($11.6b) ($9.2b) ($3.5b)
Payments for Repurchase of Common Stock $197.0m $2.4b $3.3b $1.9b $0 $4.7b $11.9b $11.6b $9.2b $3.5b
Payments of Ordinary Dividends, Common Stock $719.0m $773.0m $954.0m $1.4b $1.5b $1.5b $1.3b $1.3b $1.2b $1.1b
Distributions to noncontrolling interests ($542.0m) ($694.0m) ($903.0m) ($1.2b) ($1.2b) ($1.4b) ($1.2b) ($1.3b) ($1.4b) ($1.5b)
Proceeds from Noncontrolling Interests — $129.0m $12.0m $97.0m $0 $0 — — — —
Redemption of noncontrolling interests - preferred units — — — — — $0 $0 ($600.0m) $0 $0
Repurchases of noncontrolling interests — — $0 $0 $33.0m ($630.0m) ($491.0m) $0 ($326.0m) ($400.0m)
Dividends paid ($719) ($773) ($954) ($1k) ($2k) ($1k) ($1k) ($1k) ($1k) ($1k)
Proceeds from (Payments for) Other Financing Activities ($18.0m) ($47.0m) ($28.0m) ($69.0m) ($35.0m) ($35.0m) ($44.0m) ($50.0m) ($45.0m) ($30.0m)
Net Cash Provided by (Used in) Financing Activities ($1.3b) ($1.1b) $222.0m ($3.4b) ($135.0m) ($14.4b) ($13.6b) ($14.2b) ($12.4b) ($1.9b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($244.0m) $2.1b $1.7b $1.5b $416.0m $5.3b $8.6b $5.4b $3.2b $3.7b
Cash, cash equivalents, restricted cash and restricted cash equivalents, ending balance $892.0m $3.0b $1.7b $1.5b $416.0m $5.3b $8.6b $8.6b $5.4b $3.2b
Net change in cash, cash equivalents and restricted cash ($244.0m) $2.1b ($1.3b) ($196.0m) ($973.0m) $4.7b $3.3b ($3.2b) ($2.2b) $462.0m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $478.0m $525.0m $887.0m $1.2b $1.2b $1.2b $1.1b $1.2b $1.2b $1.2b
Income Taxes Paid, Net $140.0m $904.0m $424.0m $491.0m ($179.0m) $2.4b $4.9b $2.8b $732.0m $406.0m

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.