Marathon Petroleum Corporation (MPC) quarterly cash flow statement — complete operating, investing & financing history
Marathon Petroleum Corporation (MPC) cash flow statement — 18-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 10.33B | 1.12B | 3.07B | 2.61B | 2.64B | -64M | 2.21B | 1.68B | 3.24B | 1.53B | 1.12B | 4.95B | 3.98B | 4.06B | 4.38B | 2.51B | 6.95B | 2.51B | 3.67B | -1.15B |
| Operating CF Margin % | 19.86% | 3.24% | 9.42% | 7.5% | 7.81% | -0.2% | 6.66% | 4.8% | 8.55% | 4.68% | 3.1% | 12.11% | 10.96% | 11.64% | 11.01% | 5.49% | 12.92% | 6.6% | 10.4% | -3.55% |
| Operating CF Growth % | 291.32% | 1851.56% | 39.06% | 54.93% | -18.6% | -104.18% | 96.53% | -66% | -18.62% | -62.24% | -74.37% | 97.02% | -42.69% | 61.44% | 19.27% | 318.99% | 403.77% | 453.52% | 176.66% | -186.9% |
| Net Income | 5.54B | 851M | 1.53B | 1.94B | 1.61B | 346M | 785M | 1.01B | 1.96B | 1.31B | 1.88B | 3.63B | 2.58B | 3.08B | 3.64B | 5.02B | 6.22B | 1.17B | 1.1B | 1.03B |
| Depreciation & Amortization | 838M | 809M | 828M | -1.55B | 789M | 793M | 826M | 846M | 838M | 827M | 828M | 845M | 834M | 800M | 797M | 794M | 819M | 805M | 813M | 836M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -46M | 19M | 31M | 309M | -30M | -28M | 8M | -37M | -60M | -35M | -283M | 368M | 27M | -5M | -161M | -23M | -16M | -65M | 1.56B | 389M |
| Other Non-Cash Items | 1.43B | -303M | 559M | 1.64B | 198M | -117M | 115M | 76M | -59M | -146M | -134M | -422M | 29M | -102M | 178M | -1.31B | -246M | -68M | -1.03B | -3.45B |
| Working Capital Changes | 2.57B | -255M | 116M | 273M | 72M | -1.06B | 473M | -216M | 568M | -426M | -1.17B | 531M | 514M | 280M | -73M | -1.97B | 178M | 669M | 1.23B | 50M |
| Change in Receivables | -1.09B | -4.3B | 184M | 645M | 989M | -928M | -944M | 2.14B | 882M | -964M | 896M | -2.21B | -538M | 3.83B | 56M | 3.91B | -1.66B | -4.63B | -1.53B | 182M |
| Change in Inventory | 791M | -635M | -311M | 253M | 382M | -920M | 318M | -107M | -19M | -462M | 824M | -605M | 733M | -1.44B | 1.01B | 1.18B | -1.56B | -1.42B | 1.17B | -326M |
| Change in Payables | 0 | 0 | 428M | -689M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -1.39B | -1.05B | -314M | -3.76B | -974M | -923M | 307M | 2.03B | 17M | -824M | -964M | -435M | -880M | -816M | -498M | 501M | -1.09B | 1.71B | 1.45B | -2.05B |
| Capital Expenditures | -1.19B | -913M | -1.18B | -947M | -695M | -663M | -810M | -651M | -487M | -585M | -532M | -420M | -481M | -457M | -726M | -701M | -498M | -495M | -481M | -377M |
| CapEx % of Revenue | 2.28% | 2.64% | 3.63% | 2.72% | 2.06% | 2.1% | 2.44% | 1.85% | 1.28% | 1.79% | 1.47% | 1.03% | 1.32% | 1.31% | 1.82% | 1.53% | 0.93% | 1.3% | 1.36% | 1.17% |
| Acquisitions | 0 | 14M | 885M | -2.65B | -428M | -237M | -575M | 45M | -45M | -622M | -246M | 296M | -296M | 0 | -339M | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -3M | 154M | 75M | 92M | 38M | 88M | 80M | 8M | 52M | 91M | 57M | 234M | 280M | 167M | 122M | 250M | 246M | 222M | 187M | 257M |
| Cash from Financing | -3.32B | -1.6B | -1.74B | 2.13B | -3.8B | 1.59B | -3.31B | -4.16B | -1.99B | -2.98B | -3.17B | -3.41B | -3.72B | -3.91B | -2.64B | -4.71B | -3.93B | -2.36B | -5.7B | -2.76B |
| Debt Issued (Net) | -26M | -49M | -25M | 3.52B | -2.27B | 3.44B | -1.17B | -772M | 1.61B | -17M | -17M | -19M | -22M | 568M | -22M | -27M | -19M | 1.17B | -1.95B | -1.02B |
| Equity Issued (Net) | -2.53B | -749M | -1B | -649M | -780M | -1.03B | -1.37B | -2.7B | -2.89B | -2.21B | -2.5B | -2.79B | -3.06B | -3.16B | -1.78B | -3.89B | -3.26B | -2.75B | -2.71B | -910M |
| Dividends Paid | -290M | -295M | -300M | -276M | -279M | -285M | -292M | -273M | -290M | -299M | -311M | -297M | -316M | -337M | -351M | -285M | -313M | -330M | -354M | -370M |
| Share Repurchases | -2.53B | -750M | -1B | -650M | -780M | -1.06B | -1.37B | -2.7B | -2.9B | -2.22B | -2.5B | -2.82B | -3.07B | -3.18B | -1.84B | -3.91B | -3.33B | -2.85B | -2.74B | -928M |
| Other Financing | -468M | -503M | -410M | -467M | -470M | -534M | -474M | -411M | -424M | -454M | -338M | -309M | -324M | -975M | -485M | -512M | -340M | -451M | -691M | -464M |
| Net Change in Cash | 5.62B | -1.52B | 1.02B | 981M | -2.14B | 602M | -793M | -439M | 1.27B | -2.27B | -3.01B | 1.11B | -616M | -666M | 1.25B | -1.7B | 1.93B | 1.86B | -581M | -5.96B |
| Free Cash Flow | 9.14B | 208M | 1.89B | 1.66B | 1.94B | -727M | 1.4B | 1.03B | 2.75B | 947M | 591M | 4.53B | 3.5B | 3.6B | 3.66B | 1.81B | 6.45B | 2.02B | 3.19B | -1.52B |
| FCF Margin % | 17.58% | 0.6% | 5.8% | 4.77% | 5.75% | -2.31% | 4.22% | 2.94% | 7.27% | 2.9% | 1.63% | 11.08% | 9.64% | 10.33% | 9.18% | 3.96% | 12% | 5.3% | 9.04% | -4.72% |
| FCF Growth % | 370.22% | 128.61% | 35.15% | 60.89% | -29.44% | -176.77% | 136.38% | -77.21% | -21.35% | -73.69% | -83.83% | 150.03% | -45.72% | 78.39% | 14.5% | 218.89% | 498.7% | 1245.33% | 266.59% | -321.98% |
| FCF per Share | 31.41 | 0.71 | 6.31 | 5.47 | 6.29 | -2.32 | 4.35 | 3.11 | 7.87 | 2.62 | 1.57 | 11.45 | 8.36 | 8.05 | 7.81 | 3.67 | 12.04 | 3.54 | 5.24 | -2.39 |
| FCF Conversion (FCF/Net Income) | 2.01x | 2.19x | 2.00x | 1.90x | 2.17x | 0.86x | 5.95x | 2.71x | 2.14x | 1.64x | 0.77x | 1.51x | 1.79x | 1.49x | 1.32x | 0.56x | 1.18x | 2.97x | 4.75x | -1.65x |
| Interest Paid | -505M | 505M | 0 | 380M | 246M | 344M | 313M | 357M | 243M | 359M | 273M | 368M | 242M | 342M | 0 | 318M | 0 | 0 | 0 | 0 |
| Taxes Paid | -12M | 12M | 0 | 11M | 34M | 85M | 119M | 422M | 0 | 0 | 870M | 481M | 0 | 0 | 0 | 2.62B | 0 | 0 | 0 | 0 |