IMPERIAL OIL LIMITED (IMO) FY2025 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-01 to 2025-12-31

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IMPERIAL OIL LIMITED cash flow reconciliation, Jan 1, 2025 through Dec 31, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $3,268,000,000.00Depreciation and depletion (includes impairments) → Operating adjustments reconciliation: $2,579,000,000.00Accounts receivable → Operating adjustments reconciliation: $1,387,000,000.00All other items - net → Operating adjustments reconciliation: $337,000,000.00(Gain) loss on asset sales → Operating adjustments reconciliation: $5,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $3,440,000,000.00Operating adjustments reconciliation → Accounts payable and accrued liabilities: $346,000,000.00Operating adjustments reconciliation → Inventories, materials, supplies and prepaid expenses: $287,000,000.00Operating adjustments reconciliation → Deferred income taxes and other: $156,000,000.00Operating adjustments reconciliation → Income taxes payable: $79,000,000.00Proceeds from asset sales → investing reconciliation: $101,000,000.00Loans to equity companies - net → investing reconciliation: $16,000,000.00investing reconciliation → Additions to property, plant and equipment: $2,005,000,000.00investing reconciliation → Additional investments: $4,000,000.00Net cash used in financing activities → financing reconciliation: $4,653,000,000.00financing reconciliation → Common shares purchased: $3,234,000,000.00financing reconciliation → Dividends paid: $1,401,000,000.00financing reconciliation → Finance lease obligations - reduction: $18,000,000.00Net cash used in investing activities → investing reconciliation: $1,892,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $979,000,000.00Net cash from operating activities → Cash sources and uses: $6,708,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,142,000,000.00Cash sources and uses → Net cash used in investing activities: $1,892,000,000.00Cash sources and uses → Net cash used in financing activities: $4,653,000,000.00Inventories, materials, supplies and prepaid expenses: -$287,000,000.00Inventory, supplies & prepaids−$287.00 MAccounts payable and accrued liabilities: -$346,000,000.00Payables & accrued liabilities−$346.00 MIncome taxes payable: -$79,000,000.00Income taxes payable−$79.00 MAccounts receivable: $1,387,000,000.00Accounts receivable+$1.39 B(Gain) loss on asset sales: $5,000,000.00Asset disposal gain & loss+$5.00 MAll other items - net: $337,000,000.00Other working capital, net+$337.00 MDepreciation and depletion (includes impairments): $2,579,000,000.00Depreciation & depletion+$2.58 BDeferred income taxes and other: -$156,000,000.00Deferred income taxes and other−$156.00 MNet income (loss): $3,268,000,000.00Net income (loss)+$3.27 BNet cash from operating activities: $6,708,000,000.00Operating cash+$6.71 BOperating adjustments reconciliation: $4,308,000,000.00Finance lease obligations - reduction: -$18,000,000.00Finance lease payments−$18.00 MDividends paid: -$1,401,000,000.00Common dividends paid−$1.40 BShort-term debt - net: $0.00Common shares purchased: -$3,234,000,000.00Common stock repurchases−$3.23 BNet cash used in financing activities: -$4,653,000,000.00. Cash required to fund net payments.Financing cash−$4.65 Bfinancing reconciliation: $4,653,000,000.00Additions to property, plant and equipment: -$2,005,000,000.00Capital expenditures−$2.01 BAdditional investments: -$4,000,000.00Investment purchases−$4.00 MLoans to equity companies - net: $16,000,000.00Loans to equity companies - net+$16.00 MProceeds from asset sales: $101,000,000.00PP&E sales+$101.00 MNet cash used in investing activities: -$1,892,000,000.00. Cash required to fund net payments.Investing cash−$1.89 Binvesting reconciliation: $2,009,000,000.00Cash sources and uses: $7,687,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $979,000,000.00Beginning cash$979.00 MEnding cash: Cash, cash equivalents, and restricted cash: $1,142,000,000.00Ending cash$1.14 BCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$4.70 BOperating cash − cash spent on productive assetsCash flow / Net income2.05×Operating cash flow ÷ net incomeNet cash change+$163.00 MEnding cash − beginning cash
Chart details

IMPERIAL OIL LIMITED cash flow reconciliation, Jan 1, 2025 through Dec 31, 2025

Cash flows for Jan 1, 2025 through Dec 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Dec 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2024
979,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
6,708,000,000 US dollars. Net cash provided.
Inventories, materials, supplies and prepaid expenses
negative 287,000,000 US dollars
Accounts payable and accrued liabilities
negative 346,000,000 US dollars
Income taxes payable
negative 79,000,000 US dollars
Accounts receivable
1,387,000,000 US dollars
(Gain) loss on asset sales
5,000,000 US dollars
All other items - net
337,000,000 US dollars
Depreciation and depletion (includes impairments)
2,579,000,000 US dollars
Deferred income taxes and other
negative 156,000,000 US dollars
Net income (loss)
3,268,000,000 US dollars
Investing activities
negative 1,892,000,000 US dollars. Net cash used.
Additions to property, plant and equipment
negative 2,005,000,000 US dollars
Additional investments
negative 4,000,000 US dollars
Loans to equity companies - net
16,000,000 US dollars
Proceeds from asset sales
101,000,000 US dollars
Financing activities
negative 4,653,000,000 US dollars. Net cash used.
Finance lease obligations - reduction
negative 18,000,000 US dollars
Dividends paid
negative 1,401,000,000 US dollars
Short-term debt - net
0 US dollars
Common shares purchased
negative 3,234,000,000 US dollars
Operating adjustment reconciliation
4,308,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
4,653,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
2,009,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Dec 31, 2025
1,142,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
7,687,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
163,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.05×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
6,708,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
2,005,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
4,703,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $3.44B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 6,708,000,000 US dollars minus 2,005,000,000 US dollars equals 4,703,000,000 US dollars.
IMPERIAL OIL LIMITED (IMO) FY2025 Annual Statement of Cash Flows Sankey chart
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