← PETROBRAS - PETROLEO BRASILEIRO SA

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) for the year ($4.3b) $169.0m $7.4b $10.4b $948.0m $20.0b $36.8b $25.0b $7.6b $19.7b
Net Income From Continuing Operations — — — — — — $194.4b $121.3b $47.0b $108.0b
Net Income (Loss) Attributable to Parent — — — — — — $193.7b $120.8b $46.5b $107.6b
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — — — — — —
Depreciation, Depletion and Amortization — — — — — — $69.5b $63.9b $76.3b $82.1b
Depreciation, depletion and amortization in the Statements of Cash Flows $14.0b $13.3b $12.0b $14.8b $11.4b $11.7b $13.2b $13.3b $12.5b $15.1b
Amortization Cash Flow — — — — — — $407.2m $504.7m $828.2m $843.8m
Amortization Of Intangibles — — — — — — $407.2m $504.7m $828.2m $843.8m
Depreciation Amortization Depletion — — — — — — $69.9b $64.5b $77.1b $83.0b
Deferred Income Tax Expense (Benefit) — — — — — — — — — —
Adjustments For Deferred Tax Of Prior Periods — — — — — — — $837.0m — —
Deferred Other Tax Expense (Benefit) — — — — — — — — — —
Deferred Income Tax — — — — — — $88.7b $50.5b $21.9b $38.8b
Deferred Tax — — — — — — $88.7b $50.5b $21.9b $38.8b
Goodwill, Impairment Loss — — — — — — — — — —
Impairment Charges (CF) $6.2b $1.2b $2.0b $2.8b $7.3b — — $2.7b $1.5b $1.5b
Asset Impairment Charge — — — — — — $10.7b $15.0b $12.2b $10.7b
Adjustments For Income Tax Expense — — — — — — $16.8b $10.4b $3.5b —
Income (Loss) from Equity Method Investments — — — — — — — — — —
Income Tax Expense (Benefit) — — — — — — — — — —
Other Nonoperating Income (Expense) — — — — — — — — — —
Earnings (Loss)es From Equity Investments — — — — — — ($1.3b) $1.5b $3.9b $284.9m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories — — — — — — — — — —
Adjustments For Increase Decrease In Trade Account Payable ($1.1b) ($62.0m) $804.0m ($989.0m) $216.0m $1.1b ($359.0m) ($954.0m) $986.0m —
Foreign Currency Transaction Gain (Loss), Realized — — — — — — — — — —
Foreign Currency Transaction Gain (Loss), Unrealized — — — — — — — — — —
General And Administrative Expense $3.3b $2.9b $2.5b $2.1b $1.1b ($1.2b) $1.3b $1.6b $1.8b —
Goodwill — — — — — — — — — —
Payments Of Lease Liabilities Classified As Financing Activities — — — $37.0b — — $5.4b $6.3b $7.9b —
Proceeds From Borrowings Classified As Financing Activities $18.9b $27.1b $10.9b $7.5b $17.0b $1.9b $2.9b $2.2b $2.1b —
Repayments Of Borrowings Classified As Financing Activities $30.7b $36.1b $34.1b $27.3b $25.7b $21.4b $9.3b $4.2b $6.5b —
Pension and medical benefits ($766.0m) ($919.0m) ($1.1b) ($1.9b) ($1.0b) ($2.2b) ($2.1b) ($927.0m) ($1.0b) ($1.1b)
Results of equity-accounted investments $218.0m ($673.0m) ($523.0m) ($153.0m) $659.0m ($1.6b) ($251.0m) $304.0m $627.0m $52.0m
Inventory write down (write-back) to net realizable value — — — — $375.0m ($1.0m) $11.0m ($7.0m) ($42.0m) $4.0m
Allowance for credit loss on trade and other receivables, net — — — — — ($30.0m) $65.0m $40.0m $260.0m $80.0m
Exploratory expenditure write-offs $1.3b $279.0m $87.0m $308.0m $456.0m $248.0m $691.0m $421.0m $482.0m $427.0m
Gain on disposal/write-offs of assets $0 ($217.0m) ($416.0m) ($6.0b) ($456.0m) ($1.9b) ($1.1b) ($1.3b) ($228.0m) ($19.0m)
Foreign exchange, indexation and finance charges $8.0b $9.6b $7.3b $8.5b $11.1b $10.8b $4.6b $2.5b $15.4b ($1.4b)
Income taxes — — — — ($1.2b) $8.2b $16.8b $10.4b $3.5b $7.1b
Revision and unwinding of discount on the provision for decommissioning costs ($836.0m) $425.0m $31.0m $950.0m $981.0m $661.0m $745.0m $2.1b $3.6b $782.0m
Results from co-participation agreements in bid areas — — — — — ($631.0m) ($4.3b) ($284.0m) ($259.0m) ($237.0m)
Early termination and cash outflows revision of lease agreements — — — ($60.0m) ($276.0m) ($545.0m) ($629.0m) ($415.0m) ($349.0m) ($616.0m)
Losses with legal, administrative and arbitration proceedings, net — — — — $493.0m $740.0m $1.4b $797.0m $996.0m $1.0b
Equalization of expenses - Production Individualization Agreements — — — — — — — $50.0m $16.0m $241.0m
Trade and other receivables ($39.0m) ($978.0m) ($1.2b) $2.2b $1.0m ($2.1b) $355.0m $88.0m $1.8b ($471.0m)
Inventories ($518.0m) ($336.0m) ($2.0b) ($281.0m) $724.0m ($2.3b) ($1.2b) $1.6b ($295.0m) ($857.0m)
Judicial deposits ($986.0m) ($1.7b) ($2.0b) ($2.1b) ($859.0m) ($1.0b) ($1.7b) ($1.7b) $229.0m ($522.0m)
Trade payables ($1.1b) ($62.0m) $804.0m ($989.0m) $216.0m $1.1b ($359.0m) ($954.0m) $986.0m $1.1b
Production taxes and other taxes payable $1.0b $3.0b $2.3b $225.0m $3.2b $7.0b ($2.4b) ($431.0m) ($3.0b) ($1.2b)
Provisions for legal proceedings $691.0m $316.0m $1.4b ($3.8b) ($261.0m) ($12.0m) ($380.0m) ($591.0m) ($467.0m) ($791.0m)
Other employee benefits — — — — — ($312.0m) ($182.0m) $356.0m ($80.0m) $1.1b
Provision for decommissioning costs — ($426.0m) ($500.0m) ($512.0m) ($482.0m) ($730.0m) ($602.0m) ($902.0m) ($977.0m) ($1.1b)
Acquisition of PP&E and intangible assets — ($13.5b) ($11.9b) ($8.6b) ($5.9b) ($6.3b) ($9.6b) ($12.1b) ($14.6b) ($19.5b)
Acquisition of equity interests — — — — — ($24.0m) ($27.0m) ($24.0m) ($22.0m) $2.0m
Financial compensation from co-participation agreements — — — — — $2.9b $7.3b $391.0m $397.0m $355.0m
Changes in non-controlling interest — — — ($29.0m) ($67.0m) ($24.0m) $63.0m $1.0m ($84.0m) ($1.0m)
Repayment of lease liability — — — ($5.2b) ($5.9b) ($5.8b) ($5.4b) ($6.3b) ($7.9b) ($9.4b)
Share repurchase program — — — — — — — ($735.0m) ($380.0m) —
Net Change in Cash $450.0m ($128.0m) ($618.0m) $1.6b ($773.0m) ($402.0m) ($316.0m) $174.0m ($983.0m) $198.0m
Beginning Cash Position — — — — — — $55.4b $38.8b $78.7b $17.9b
Cash Flow From Continuing Financing Activities — — — — — — ($272.1b) ($149.0b) ($204.5b) ($95.4b)
Cash Flow From Continuing Investing Activities — — — — — — ($2.3b) ($38.6b) ($82.6b) ($85.7b)
Change In Account Payable — — — — — — ($1.9b) ($4.9b) $6.0b $5.9b
Change In Income Tax Payable — — — — — — ($12.9b) ($2.1b) ($18.5b) ($6.6b)
Change In Inventory — — — — — — ($6.4b) $7.6b ($1.8b) ($4.7b)
Change In Other Current Assets — — — — — — ($2.2b) $1.6b ($1.0b) $1.4b
Change In Other Current Liabilities — — — — — — ($502.3m) ($2.8b) ($4.6b) ($4.7b)
Change In Other Working Capital — — — — — — ($26.5b) ($18.4b) ($14.2b) ($13.1b)
Change In Payable — — — — — — ($14.8b) ($7.0b) ($12.5b) ($701.3m)
Change In Payables And Accrued Expense — — — — — — ($14.8b) ($7.0b) ($12.5b) ($701.3m)
Change In Receivables — — — — — — $1.9b $427.1m $11.3b ($2.6b)
Change In Tax Payable — — — — — — ($12.9b) ($2.1b) ($18.5b) ($6.6b)
Change In Working Capital — — — — — — ($48.5b) ($18.5b) ($22.8b) ($24.4b)
Changes In Cash — — — — — — ($11.5b) $22.1b ($52.4b) $16.4b
End Cash Position — — — — — — $42.3b $61.8b $20.2b $35.5b
Financing Cash Flow — — — — — — ($272.1b) ($149.0b) ($204.5b) ($95.4b)
Free Cash Flow — — — — — — $212.2b $150.9b $144.3b $90.5b
Investing Cash Flow — — — — — — ($2.3b) ($38.6b) ($82.6b) ($85.7b)
Net Business Purchase And Sale — — — — — — ($142.8m) ($116.5m) ($136.0m) $11.0m
Net Foreign Currency Exchange Gain Loss — — — — — — $24.1b $12.1b $95.2b ($7.9b)
Net PPE Purchase And Sale — — — — — — ($50.7b) ($58.8b) ($90.5b) ($107.0b)
Net Preferred Stock Issuance — — — — — — — ($3.6b) ($2.3b) $0
Operating Gains Losses — — — — — — $23.2b $14.8b $115.8b $1.9b
Other Non Cash Items — — — — — — ($14.8b) $10.7b $24.6b $6.5b
Pension And Employee Benefit Expense — — — — — — $6.5b $7.5b $18.1b $9.6b
Preferred Stock Payments — — — — — — — ($3.6b) ($2.3b) $0
Provisionand Write Offof Assets — — — — — — $343.7m $194.1m $1.6b $438.3m
Purchase Of Business — — — — — — — ($116.5m) ($136.0m) —
Purchase Of PPE — — — — — — ($50.7b) ($58.8b) ($90.5b) ($107.0b)
Repurchase Of Capital Stock — — — — — — $0 ($3.6b) ($2.3b) $0
Profit or Loss ($4.3b) $169.0m $7.4b $10.4b $948.0m $20.0b $36.8b $25.0b $7.6b —
Net Cash Provided by (Used in) Operating Activities $26.1b $27.1b $26.4b $25.6b $28.9b $37.8b $49.7b $43.2b $38.0b $36.0b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment — — — — — — ($50.7b) ($58.8b) ($90.5b) ($107.0b)
Net Investment Purchase And Sale — — — — — — ($17.6b) $475.6m ($673.7m) $15.3b
Proceeds from disposal of assets - Divestment $2.2b $3.1b $5.8b $10.4b $2.0b $4.8b $4.8b $3.6b $863.0m $613.0m
Divestment (Investment) in financial investments — — — — — — ($3.3b) $98.0m ($109.0m) $2.8b
Net Other Investing Changes — — — — — — $64.1b $19.4b $7.8b $5.3b
Net Cash Provided by (Used in) Investing Activities ($11.3b) ($11.0b) ($4.8b) ($1.7b) ($4.5b) $2.2b ($432.0m) ($8.0b) ($13.4b) ($15.6b)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — — — — — — — —
Proceeds from Debt Issuance $18.9b $27.1b $10.9b $7.5b $17.0b $1.9b $2.9b $2.2b $2.1b $5.3b
Issuance Of Debt — — — — — — $15.2b $10.7b $13.2b $29.1b
Long Term Debt Issuance — — — — — — $15.2b $10.7b $13.2b $29.1b
Net Issuance Payments Of Debt — — — — — — ($62.8b) ($40.1b) ($76.0b) ($40.6b)
Net Long Term Debt Issuance — — — — — — ($62.8b) ($40.1b) ($76.0b) ($40.6b)
Repayments of Long-term Debt — — — — — — — — — —
Repayment of principal - finance debt ($30.7b) ($36.1b) ($34.1b) ($27.3b) ($25.7b) ($21.4b) ($9.3b) ($4.2b) ($6.5b) ($3.3b)
Repayment of interest - finance debt — — ($5.7b) ($4.5b) ($3.2b) ($2.2b) ($1.9b) ($2.0b) ($1.9b) ($1.8b)
Long Term Debt Payments — — — — — — ($78.1b) ($50.9b) ($89.2b) ($69.8b)
Repayment Of Debt — — — — — — ($78.1b) ($50.9b) ($89.2b) ($69.8b)
Net Common Stock Issuance — — — — — $0 $0 ($3.6b) ($2.3b) —
Common Stock Payments — — — — — $0 $0 ($3.6b) ($2.3b) —
Dividends paid $124.0m $154.0m $2.1b $3.0b $930.0m ($12.0b) ($36.4b) $11.9b $11.7b —
Dividends received $473 $452 $808 $1k $243 $781 $374 $88 $146 $128
Dividends paid to Shareholders of Petrobras — ($210.0m) ($625.0m) ($1.9b) ($1.4b) ($13.1b) ($37.7b) ($19.7b) ($18.3b) ($8.1b)
Cash Dividends Paid — — — — — — ($199.4b) ($95.5b) ($113.3b) ($44.5b)
Dividends Received CFI — — — — — — $2.0b $427.1m $902.4m $701.3m
Net Other Financing Charges — — — — — — ($95.2m) ($233.0m) ($995.1m) ($224.6m)
Net Cash Provided by (Used in) Financing Activities ($19.1b) ($14.6b) ($29.6b) ($32.1b) ($19.3b) ($40.8b) ($51.5b) ($30.7b) ($33.1b) ($17.4b)
Effect Of Exchange Rate Changes — — — — — — ($1.7b) $844.5m ($6.1b) $1.1b
Net change in cash and cash equivalents ($3.9b) $1.3b ($8.6b) ($6.5b) $4.3b ($1.2b) ($2.5b) $4.7b ($9.5b) $3.2b
Cash and cash equivalents at the beginning of the year $25.1b $21.2b $22.5b $7.4b $11.7b $10.5b $8.0b $12.7b $3.3b $6.5b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($13.1b) $23.0b ($58.4b) $17.5b
Interest Paid Classified As Financing Activities ($72.0m) ($167.0m) ($179.0m) ($138.0m) ($84.0m) ($105.0m) $1.9b $2.0b $1.9b ($40.0m)
Income Taxes Paid, Net ($372.0m) ($799.0m) ($2.6b) ($2.3b) ($332.0m) ($2.1b) ($11.5b) ($10.0b) ($6.9b) ($5.0b)
Income Taxes Paid Refund Classified As Operating Activities $372.0m $799.0m $2.6b $2.3b $332.0m $2.1b $11.5b $10.0b $6.9b ($5.0b)

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.