YPF Sociedad Anónima (YPF) quarterly cash flow statement — complete operating, investing & financing history
YPF Sociedad Anónima (YPF) cash flow statement — 28-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 | 2.37B | 2.59T | 2.52T | 1.23B | 1.2T | 850M | 1.69T | 1.31T | 1.22T | 1.08T | 715.5B | 451.37B | 1.31B | 295.65B | 211.76B | 215.02B | 157.25B | 152.63B | 107.17B | 105.54B |
| Operating CF Margin % | 0.03% | 37.27% | 38.25% | 0.02% | 25894.52% | 18.48% | 34.79% | 25.9% | 27.76% | 29.92% | 33.22% | 30.63% | 0.13% | 36.04% | 26.92% | 28.96% | 26.39% | 38.02% | 26.06% | 29.85% |
| Operating CF Growth % | -99.8% | - | 49.62% | -99.91% | -1.38% | -99.92% | 135.57% | 190.25% | 92995.22% | 264.61% | 237.88% | 109.92% | -99.17% | 93.7% | 97.6% | 103.73% | 67.19% | 63.68% | 57.9% | 116.51% |
| Net Income | 1.21B | 568.52B | -941.7B | -198M | 66.14B | -10M | -284M | 1.39T | 457.38B | 563.37B | 4.14B | -64.4B | 380M | 58.6B | 77.6B | 92.18B | 94.06B | 26.42B | 24.73B | 22.97B |
| Depreciation & Amortization | 878M | 1.03T | 1.12T | 836M | 973.22B | 806M | 795M | 720.01B | 645.32B | 559.08B | 559.72B | 273.44B | 854M | 149.57B | 122.43B | 98.81B | 81.95B | 69.38B | 71.19B | 75.89B |
| Stock-Based Compensation | 4M | 4.17B | 8.71B | 4M | 3M | 2M | 2M | 4.12B | 1M | 857.49M | -8.61B | 983.22K | 6.39M | 3.51M | 4.1M | 464M | 57M | 53M | 50M | 51M |
| Deferred Taxes | 0 | 337.78B | 1.51T | 579M | 56.84B | 38M | -225M | -811.79B | -85.54B | 0 | 0 | -7.56B | 75M | 17.75B | 26.69B | 39.01B | 21.55B | 21.67B | -26.56B | 15.07B |
| Other Non-Cash Items | 60M | 425.35B | 947.5B | 345M | 484.26B | 701M | 952.15B | 39.19B | 354.85B | 155.39B | 949.57M | 232.73B | 83M | 19.21B | -16.56B | 1.5B | 29.81B | 5.15B | 45.42B | 13.97B |
| Working Capital Changes | 225M | 223.79B | -127.69B | -341M | -378.69B | -687M | 733.05B | -34.92B | -153.39B | -200.75B | 159.3B | 15.89B | -91M | 49.78B | 1.13B | -16.94B | -70.18B | 29.96B | -7.66B | -22.41B |
| Change in Receivables | -330M | -82.01B | 26.12B | -265M | -332.99B | -233M | 164.92B | -245.54B | -444.46B | -497.29B | -124.16B | -62.9B | -24.24B | 19.88B | -6.13B | -24.62B | -27.2B | -12.07B | 35.5B | -11.92B |
| Change in Inventory | -200M | -6.95B | 123.33B | -54M | 170.41B | -69M | 181.05B | -146.88B | 2.09B | 104.57B | 34.93B | 33.63B | -6.19B | -23.79B | 20.85B | -36.77B | -24.71B | -285M | -8.01B | -9.2B |
| Change in Payables | -406M | 112.59B | -179.92B | -70M | 157.55B | -282M | -61.61B | 279.87B | 199.77B | 225.54B | 125.2B | 139.59B | 27.73B | 24.97B | 56.05B | 42.32B | 9.4B | -1.94B | -5.65B | -5.13B |
| Cash from Investing | -2.03B | -985.53B | -1.78T | -1.66B | -1.52T | -1.38B | -1.46T | -1.34T | -1.39T | -1.16T | -596.54B | -406.86B | -1.26B | -233.09B | -179.06B | -134.31B | -120.36B | -89.3B | -71.13B | -76.64B |
| Capital Expenditures | -1.13B | -1.52T | -2.06T | -1.15B | -1.59T | -1.21B | -1.39T | -1.38T | -1.32T | -1.14T | -573.67B | -458.12B | -1.37B | -247.16B | -209.52B | -142.37B | -96.61B | -83.63B | -76.01B | -68.18B |
| CapEx % of Revenue | 0.01% | 21.78% | 31.25% | 0.02% | 34199.87% | 26.2% | 28.72% | 27.35% | 29.98% | 31.77% | 26.64% | 31.09% | 0.13% | 30.13% | 26.64% | 19.17% | 16.21% | 20.83% | 18.48% | 19.28% |
| Acquisitions | 0 | -47.26B | -29.02B | -520M | 22.63B | -314M | 79.57B | 53.27B | 1.07B | 3.09B | 937M | -334M | -2M | -396M | -230M | -40M | 212M | 177M | -1M | -901M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -764M | 710.3B | 316.32B | 5M | -7.85B | 39M | -116.81B | -13.92B | -53.26B | 14.43B | 7.09B | 8.44B | 21M | 5.48B | 5.06B | 4.25B | 1.82B | 266M | -1M | 1.38B |
| Cash from Financing | -328M | -1.09T | -513.65B | 497M | 130.6B | 354M | 105.5B | -110.16B | -76.7B | 250.24B | -77.54B | 59.86B | 214M | 1.3B | -25.48B | -47.53B | -44.68B | -39.41B | -35.71B | -19.41B |
| Debt Issued (Net) | -59M | -699.18B | -294.55B | 715M | 251.39B | 575M | -248.61B | 115.06B | -81M | 371.6B | 232.24M | 139.76M | 360M | 177M | -158.62M | -146.76M | -235.93M | -188.34M | -242.42M | -16.74M |
| Equity Issued (Net) | -27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22.24M | -5.76M | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22.24M | -5.76M | 0 | 0 | 0 | 0 |
| Other Financing | -242M | -394.77B | -219.1B | -218M | -120.79B | -221M | 354.1B | -225.23B | -76.62B | -121.36B | -77.77B | 119.99B | -146M | 1.12B | -9.76B | -22.28B | -29.27B | -20.7B | -35.47B | -1.63B |
| Net Change in Cash | -8M | 546.28B | 194.43B | 25M | -187.99B | -180M | 248.23B | -98.58B | -244.84B | 215.59B | 453.2B | 153.57B | 153M | 75.03B | 14.08B | 39.29B | -4.71B | 25.53B | 1.18B | 9.83B |
| Free Cash Flow | 1.25B | 1.08T | 461.42B | 77M | -385.45B | -355M | 185.98B | -73.36B | -51.75B | -219.99B | 58.16B | -6.75B | -57M | 48.49B | 2.24B | 72.65B | 60.64B | 69B | 31.16B | 37.37B |
| FCF Margin % | 0.01% | 15.49% | 7% | 0% | -8305.35% | -7.72% | 3.84% | -1.45% | -1.18% | -6.11% | 2.7% | -0.46% | -0.01% | 5.91% | 0.29% | 9.78% | 10.17% | 17.19% | 7.58% | 10.57% |
| FCF Growth % | 100.32% | - | 148.1% | 100.11% | -644.89% | 99.84% | 219.77% | -986.96% | -90682.46% | -553.71% | 2491.84% | -109.29% | -100.09% | -29.73% | -92.8% | 94.42% | 28.8% | 39.09% | -11.31% | 7.52% |
| FCF per Share | 3.21 | 2747.56 | 1178.24 | 0.20 | -1002.17 | -0.89 | 474.57 | -187.14 | -131.61 | -562.69 | 148.89 | -17.28 | -0.15 | 123.71 | 5.73 | 184.77 | 154.28 | 175.57 | 79.34 | 95.21 |
| FCF Conversion (FCF/Net Income) | 0.00x | 4.28x | -2.66x | -0.00x | 24035.29x | -53.13x | -5.43x | 0.94x | 2.66x | 2.01x | -0.44x | -6.88x | 0.02x | 5.05x | 2.73x | 2.34x | 1.69x | 5.74x | 4.31x | 4.69x |
| Interest Paid | -115M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | -10M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |