Petrobras - Petroleo Brasileiro SA cash flow statement PBR

Annual Quarterly

In fiscal 2024, which ended Dec 31, 2024, Petrobras - Petroleo Brasileiro SA generated $38.0 billion of cash from operations, down 12.1% from the year before.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2010 Dec 31, 2010	FY 2009 Dec 31, 2009
Operating
Depreciation and amortization	—	—	—	—	—	—	12,028 -9.6%	13,307	8,507 +18.4%	7,188
Stock-based compensation	—	—	—	—	—	—	8,839 -2.3%	9,045	—	—
Operating cash flow	37,984 -12.1%	43,212 -13.1%	49,717 +31.6%	37,791 +30.8%	28,890 +12.9%	25,600 -2.9%	26,353 -2.8%	27,112	28,495 +14.3%	24,920
Investing
Capital expenditures	—	—	—	—	—	—	12,021 -11.9%	13,639	45,078 +28.3%	35,134
Investing cash flow	-13,369 -68.1%	-7,955 -1741.4%	-432 -120.0%	2,157 +147.8%	-4,510 -167.8%	-1,684 +62.6%	-4,504 +62.5%	-12,000	-63,020 -79.4%	-35,120
Financing
Debt issued	2,129 -3.7%	2,210 -23.3%	2,880 +52.8%	1,885 -88.9%	17,023 +128.1%	7,464 -30.3%	10,707 -60.5%	27,075	—	—
Debt repaid	6,536 +55.9%	4,193 -55.1%	9,334 -56.4%	21,413 -16.8%	25,727 -5.7%	27,273 -19.8%	34,013 +1.2%	33,618	—	—
Short-term debt issued	—	—	—	—	—	—	—	—	460	—
Financing cash flow	-33,088 -7.8%	-30,700 +40.3%	-51,453 -26.1%	-40,791 -111.8%	-19,259 +39.9%	-32,069 -7.4%	-29,850 -118.3%	-13,673	35,386 +109.0%	16,935
Change in cash
Effect of exchange rate	-983 -664.9%	174 +155.1%	-316 +21.4%	-402 +48.0%	-773 -147.4%	1,631 +363.5%	-619 -395.2%	-125	—	—
Net change in cash	-9,456 -299.9%	4,731 +290.5%	-2,484 -99.5%	-1,245 -128.6%	4,348 +166.7%	-6,522 +24.3%	-8,620 -756.0%	1,314	—	—
Free cash flow	—	—	—	—	—	—	14,332 +6.4%	13,473	-16,583 -62.4%	-10,214
Ratios
Free cash flow margin	—	—	—	—	—	—	16.93%	17.30%	-10.99%	-8.81%
Capital expenditures to revenue	—	—	—	—	—	—	14.20%	17.51%	29.88%	30.32%
Stock-based compensation to revenue	—	—	—	—	—	—	10.44%	11.61%	—	—
Cash conversion	4.99x	1.73x	1.35x	1.89x	30.47x	2.47x	3.55x	160.43x	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Crude Petroleum & Natural Gas (SIC 1311)
Listed as: PBR (NYSE), PBR-A (NYSE)
Fiscal year ends: December 31
Incorporated in: Brazil
Headquarters: Rio De Janerio Rj Br
SEC filer status: Large accelerated filer
SEC CIK: 1119639
Former names: BRAZILIAN PETROLEUM CORP (until Jun 2, 2008)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.