← 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 TTM
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 $25.6b
Profit or Loss ($4.3b) $169.0m $7.4b $10.4b $948.0m $20.0b $36.8b $25.0b $7.6b — —
Net Income (Loss) Attributable to Parent — — — — — — $193.7b
$120.8b -37.64%
$46.5b -61.47%
$107.6b +131.20%
—
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — — — — — — —
Depreciation, Depletion and Amortization — — — — — — $69.5b $63.9b $76.3b $82.1b $15.1b
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 $15.1b
Amortization Cash Flow — — — — — — $407.2m $504.7m $828.2m $843.8m —
Amortization Of Intangibles — — — — — — $407.2m $504.7m $828.2m $843.8m $154.0m
Depreciation Amortization Depletion — — — — — — $69.9b $64.5b $77.1b $83.0b $15.1b
Deferred Income Tax Expense (Benefit) — — — — — — — — — — $9.0b
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 $9.0b
Deferred Tax — — — — — — $88.7b $50.5b $21.9b $38.8b $9.0b
Goodwill, Impairment Loss — — — — — — — — — — $1.3b
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 $1.3b
Income (Loss) from Equity Method Investments — — — — — — — — — — —
Other Nonoperating Income (Expense) — — — — — — — — — — —
Earnings (Loss)es From Equity Investments — — — — — — ($1.3b) $1.5b $3.9b $284.9m $68.0m
Changes in operating assets and liabilities:
Change In Working Capital — — — — — — ($48.5b) ($18.5b) ($22.8b) ($24.4b) ($7.6b)
Allowance for credit loss on trade and other receivables, net — — — — — ($30.0m) $65.0m $40.0m $260.0m $80.0m —
Trade and other receivables ($39.0m) ($978.0m) ($1.2b) $2.2b $1.0m ($2.1b) $355.0m $88.0m $1.8b ($471.0m) —
Change In Receivables — — — — — — $1.9b $427.1m $11.3b ($2.6b) ($2.8b)
Increase (Decrease) in Inventories — — — — — — — — — — ($1.2b)
Inventory write down (write-back) to net realizable value — — — — $375.0m ($1.0m) $11.0m ($7.0m) ($42.0m) $4.0m —
Inventories ($518.0m) ($336.0m) ($2.0b) ($281.0m) $724.0m ($2.3b) ($1.2b) $1.6b ($295.0m) ($857.0m) ($1.2b)
Change In Inventory — — — — — — ($6.4b) $7.6b ($1.8b) ($4.7b) ($1.2b)
Trade payables ($1.1b) ($62.0m) $804.0m ($989.0m) $216.0m $1.1b ($359.0m) ($954.0m) $986.0m $1.1b —
Change In Other Current Assets — — — — — — ($2.2b) $1.6b ($1.0b) $1.4b $176.0m
Change In Other Current Liabilities — — — — — — ($502.3m) ($2.8b) ($4.6b) ($4.7b) ($449.0m)
Net Cash Provided by (Used in) Operating Activities $26.1b
$27.1b +3.82%
$26.4b -2.80%
$25.6b -2.86%
$28.9b +12.85%
$37.8b +30.81%
$49.7b +31.56%
$43.2b -13.08%
$38.0b -12.10%
$36.0b -5.10%
$40.7b +12.82%
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment — — — — — — ($50.7b) ($58.8b) ($90.5b) ($107.0b) ($20.5b)
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 —
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 $799.0m
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) ($20.6b)
Cash flows from financing activities:
Repayments of Long-term Debt — — — — — — — — — — ($15.2b)
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 — —
Proceeds from Issuance of Long-term Debt — — — — — — — — — — $4.2b
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 — —
Proceeds from Debt Issuance $18.9b $27.1b $10.9b $7.5b $17.0b $1.9b $2.9b $2.2b $2.1b $5.3b —
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) —
Issuance Of Debt — — — — — — $15.2b $10.7b $13.2b $29.1b $4.2b
Long Term Debt Issuance — — — — — — $15.2b $10.7b $13.2b $29.1b $4.2b
Long Term Debt Payments — — — — — — ($78.1b) ($50.9b) ($89.2b) ($69.8b) ($15.2b)
Net Issuance Payments Of Debt — — — — — — ($62.8b) ($40.1b) ($76.0b) ($40.6b) ($11.0b)
Net Long Term Debt Issuance — — — — — — ($62.8b) ($40.1b) ($76.0b) ($40.6b) ($11.0b)
Repayment Of Debt — — — — — — ($78.1b) ($50.9b) ($89.2b) ($69.8b) ($15.2b)
Common Stock Payments — — — — — $0 $0 ($3.6b) ($2.3b) — $0
Net Common Stock Issuance — — — — — $0 $0 ($3.6b) ($2.3b) — $0
Repurchase Of Capital Stock — — — — — — $0 ($3.6b) ($2.3b) $0 $0
Dividends paid $124.0m $154.0m $2.1b $3.0b $930.0m ($12.0b) ($36.4b) $11.9b $11.7b — ($7.3b)
Dividends received $473 $452 $808 $1k $243 $781 $374 $88 $146 $128 $174.0m
Dividends paid to Shareholders of Petrobras — ($210.0m) ($625.0m) ($1.9b) ($1.4b) ($13.1b) ($37.7b) ($19.7b) ($18.3b) ($8.1b) ($7.3b)
Cash Dividends Paid — — — — — — ($199.4b) ($95.5b) ($113.3b) ($44.5b) ($7.3b)
Dividends Received CFI — — — — — — $2.0b $427.1m $902.4m $701.3m $174.0m
Net Other Financing Charges — — — — — — ($95.2m) ($233.0m) ($995.1m) ($224.6m) ($377.0m)
Net Cash Provided by (Used in) Financing Activities ($19.1b)
($14.6b) +23.42%
($29.6b) -102.17%
($32.1b) -8.37%
($19.3b) +39.95%
($40.8b) -111.80%
($51.5b) -26.14%
($30.7b) +40.33%
($33.1b) -7.78%
($17.4b) +47.39%
($20.7b) -18.85%
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 —
Beginning Cash Position — — — — — — $55.4b $38.8b $78.7b $17.9b $7.0b
Effect Of Exchange Rate Changes — — — — — — ($1.7b) $844.5m ($6.1b) $1.1b $114.0m
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Income Taxes Paid, Net ($372.0m) ($799.0m) ($2.6b) ($2.3b) ($332.0m) ($2.1b) ($11.5b) ($10.0b) ($6.9b) ($5.0b) —
Additional Financial Items
Adjustments For Income Tax Expense — — — — ($1.2b) $8.2b $16.8b $10.4b $3.5b $7.1b —
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 — — — — — — — — — — $1.3b
Income Tax Expense (Benefit) — — — — — — — — — — —
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) —
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) —
Payments Of Lease Liabilities Classified As Financing Activities — — — $37.0b — — $5.4b $6.3b $7.9b — —
Pension and medical benefits ($766.0m) ($919.0m) ($1.1b) ($1.9b) ($1.0b) ($2.2b) ($2.1b) ($927.0m) ($1.0b) ($1.1b) —
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) —
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 —
Judicial deposits ($986.0m) ($1.7b) ($2.0b) ($2.1b) ($859.0m) ($1.0b) ($1.7b) ($1.7b) $229.0m ($522.0m) —
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 —
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 —
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 —
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 Flow From Continuing Financing Activities — — — — — — ($272.1b) ($149.0b) ($204.5b) ($95.4b) ($20.7b)
Cash Flow From Continuing Investing Activities — — — — — — ($2.3b) ($38.6b) ($82.6b) ($85.7b) ($20.6b)
Change In Account Payable — — — — — — ($1.9b) ($4.9b) $6.0b $5.9b $90.0m
Change In Cash Supplemental As Reported — — — — — — ($13.1b) $23.0b ($58.4b) $17.5b —
Change In Income Tax Payable — — — — — — ($12.9b) ($2.1b) ($18.5b) ($6.6b) $22.0m
Change In Other Working Capital — — — — — — ($26.5b) ($18.4b) ($14.2b) ($13.1b) ($3.4b)
Change In Payable — — — — — — ($14.8b) ($7.0b) ($12.5b) ($701.3m) $90.0m
Change In Tax Payable — — — — — — ($12.9b) ($2.1b) ($18.5b) ($6.6b) $22.0m
Changes In Cash — — — — — — ($11.5b) $22.1b ($52.4b) $16.4b ($627.0m)
End Cash Position — — — — — — $42.3b $61.8b $20.2b $35.5b $6.4b
Financing Cash Flow — — — — — — ($272.1b)
($149.0b) +45.24%
($204.5b) -37.26%
($95.4b) +53.37%
($20.7b) +78.31%
Free Cash Flow — — — — — — $212.2b $150.9b $144.3b $90.5b $20.1b
Investing Cash Flow — — — — — — ($2.3b) ($38.6b) ($82.6b) ($85.7b) ($20.6b)
Net Business Purchase And Sale — — — — — — ($142.8m) ($116.5m) ($136.0m) $11.0m ($59.0m)
Net Foreign Currency Exchange Gain Loss — — — — — — $24.1b $12.1b $95.2b ($7.9b) $206.0m
Net Investment Purchase And Sale — — — — — — ($17.6b) $475.6m ($673.7m) $15.3b ($974.0m)
Net PPE Purchase And Sale — — — — — — ($50.7b) ($58.8b) ($90.5b) ($107.0b) ($20.5b)
Net Preferred Stock Issuance — — — — — — — ($3.6b) ($2.3b) $0 $0
Operating Gains Losses — — — — — — $23.2b $14.8b $115.8b $1.9b $2.2b
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 $2.0b
Preferred Stock Payments — — — — — — — ($3.6b) ($2.3b) $0 $0
Provisionand Write Offof Assets — — — — — — $343.7m $194.1m $1.6b $438.3m $507.3m
Purchase Of Business — — — — — — — ($116.5m) ($136.0m) — ($13.0m)
Purchase Of PPE — $13.6b $12.0b $8.6b $5.9b ($6.3b) ($50.7b) ($58.8b) ($90.5b) ($107.0b) ($20.5b)

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.