Financial Statements

Ecopetrol S.A. (EC)

$14.41

-0.22 (-1.50%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 669,90012,334,7069,970,4925,210,302-
Net Income 16,695,0001,586,67713,744,01111,381,3867,178,539
Stock Dividends -14,593,900-4,517,1322,487,232-2,193,495-463,590
Dividend Paid -2,771,000-8,734,351-13,867,029-4,427,701-1,504,647
Retained Earnings -669,90012,334,7069,970,4925,210,302

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 98,820,38393,743,84585,875,43382,712,639-
Annual Depreciation 40,996,61716,193,39921,847,55311,623,22088,678,195
Capital Expenditure -13,295,000-11,116,861-13,979,141-8,460,426-5,965,556
Net PPE 126,522,00098,820,38393,743,84585,875,43382,712,639

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -1,159,9221,159,9221,159,9221,594,279
New Purchases --843,612---
Intangible and Goodwill 1,159,9221,159,9221,159,9221,594,2795,515,000

Ecopetrol S.A. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Ecopetrol S.A. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.